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Anaplan vs Oracle HFM comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Reviews Sentiment
7.9
Number of Reviews
26
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
Oracle HFM
Ranking in Business Performance Management
6th
Average Rating
8.2
Number of Reviews
15
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Business Performance Management category, the mindshare of Anaplan is 13.5%, down from 16.3% compared to the previous year. The mindshare of Oracle HFM is 9.6%, up from 8.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

Kumaran Singaram - PeerSpot reviewer
Effective machine learning, constantly evolving, but price could improve
If the solution is built correctly there is no maintenance needed. The crucial aspect is to ensure that there are individuals who possess the knowledge to effectively utilize the tool. It is akin to piloting an airplane, where one must first acquire the skills to fly before attempting to operate it. Otherwise, they will crash it. I rate Anaplan a seven out of ten.
AhmedHaridy - PeerSpot reviewer
Offers flexibility and ease of configuration
The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The most valuable feature of Anaplan is machine learning. The solution is constantly evolving from feedback. Additionally, there is a wide range of training material online."
"Where we're seeing the opportunity in the market is at the Fortune 100 companies that have far more complex modeling type scenarios where you need to be able to have a lot of people collaborating together, and you need a lot of information all at everyone's fingertips. This is where you see the big advantage of a solution like Anaplan."
"Technical support has been good."
"The solution works very well for budgeting."
"The best thing is that it's very intuitive and user-friendly. You don't need coding skills to manipulate the platform."
"It's real-time connected planning, so the calculations are pretty much seamless as far as your model is connected."
"Anaplan provides 130 GB of cloud storage for organizations to use as part of their license."
"Anaplan's most valuable features are that it's a no-coding platform, everything can be scaled to your other functions, and it's easy to learn and use (especially because Anaplan provides excellent interactive training)."
"The tool is stable."
"It is a very user-friendly software."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."
"Stability-wise, I rate the solution a ten out of ten."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The most valuable features are around consolidations, eliminations, conversions."
 

Cons

"The negative is that the higher the flexibility, the higher is the complexity. That can act against you as a negative because it does require a model builder or a coder/developer."
"When there is a lot of data, it sometimes takes long to load."
"The price of the solution can improve."
"Anaplan should come up with flexible options to connect to a data warehouse rather than an Anaplan hub."
"There are workspace issues, like the limitation on model sizes."
"Anaplan could be improved with a stronger consolidation module."
"The integration technique should be a little bit easier."
"The dashboard could be better. Because within a dashboard or report, you have to do a lot of scrolling. You need to scroll down because the table doesn't fit in a single view. That's why even the users aren't happy with that kind of user experience. They need to scroll to see all the data, and it could be better if it fits in just one page. That way, you can see everything. In the next release, I want automation that's connected to Anaplan. For example, to load master data from SAP to Anaplan. I don't know if this already exists, but a log where you can see the progress and see if there's an error will also help. It would be better to give you the error message, for example, if there is an error within the automated process importing to Anaplan."
"Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"Integration is an area where it lacks and can be improved."
"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."
"If there could be data integration between HFM and the accounting software that would be ideal."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
 

Pricing and Cost Advice

"The tool’s pricing is reasonable and competitive with other solutions."
"The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"This is an expensive product and if the price were reduced then it would attract more customers."
"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
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Top Industries

By visitors reading reviews
Educational Organization
29%
Computer Software Company
10%
Manufacturing Company
8%
Financial Services Firm
7%
Manufacturing Company
12%
Financial Services Firm
12%
Computer Software Company
11%
Healthcare Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
What do you like most about Oracle HFM?
The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
What is your experience regarding pricing and costs for Oracle HFM?
It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a ...
What needs improvement with Oracle HFM?
Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities.
 

Comparisons

 

Also Known As

No data available
HFM
 

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Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
B&B Hotels, Goldwind, Drake & Scull
Find out what your peers are saying about Anaplan vs. Oracle HFM and other solutions. Updated: October 2024.
816,406 professionals have used our research since 2012.