OneStream XF vs Oracle HFM comparison

OneStream and Oracle are both solutions in the Business Performance Management category. OneStream is ranked #9 with an average rating of 10.0, while Oracle is ranked #6 with an average rating of 8.2. OneStream holds a 4.5% mindshare in BPM, compared to Oracle’s 9.8% mindshare. Additionally, 100% of OneStream users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

OneStream XF

Read 3 OneStream XF reviews

1,191 Views
765 Comparison Views

100% willing to recommend

Oracle HFM

Read 15 Oracle HFM reviews

1,846 Views
1,320 Comparison Views

100% willing to recommend

OneStream XF

Oracle HFM

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Oracle HFM and OneStream XF are competing in the enterprise performance management platform market, particularly focused on financial consolidation and reporting. OneStream XF is seen as having the upper hand due to its unified approach and flexibility, which contributes to greater feature satisfaction compared to Oracle HFM's traditional capabilities.

Features: Oracle HFM provides comprehensive financial management capabilities, robust consolidation processes, and advanced reporting functionalities. OneStream XF offers a unified platform that integrates multiple financial processes, enhances agility, and adapts to diverse financial functions seamlessly. The flexibility to extend financial functionalities clearly sets OneStream XF apart.

Ease of Deployment and Customer Service: Oracle HFM requires extensive on-premise installations, making its deployment more complex and time-consuming. In contrast, OneStream XF's cloud-based nature enables faster setup and easier adjustments. Regarding customer service, OneStream XF earns positive feedback for responsiveness, while Oracle HFM's service is respected but doesn't match the adaptability and speed of OneStream XF.

Pricing and ROI: Oracle HFM's on-premise model results in significant upfront costs, potentially affecting the ROI timeline. On the other hand, OneStream XF, despite an initially higher price tag, achieves faster ROI through efficient deployment and operational efficiencies. OneStream XF provides a favorable cost-performance balance through effective implementation and broader functionality.

To learn more, read our detailed OneStream XF vs. Oracle HFM Report (Updated: December 2024).

Buyer's Guide

OneStream XF vs. Oracle HFM

December 2024

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Categories and Ranking

OneStream XF

Ranking in Business Performance Management

9th

Average Rating

10.0

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Financial Close Software (6th)

Oracle HFM

Ranking in Business Performance Management

6th

Average Rating

8.2

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of December 2024, in the Business Performance Management category, the mindshare of OneStream XF is 4.5%, down from 5.8% compared to the previous year. The mindshare of Oracle HFM is 9.8%, up from 8.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

AndyJorgensen

Chief Revenue Officer at a computer software company with 51-200 employees

Combines consolidations, planning, and forecasting into a single platform, eliminating the need for multiple products and streamlining data management

There's always stuff on the drawing board, and there's an arms race going on in the AI space. It's too soon to pick a winner between OneStream and Oracle. OneStream's smaller, so maybe they're more nimble, but Oracle has more resources. AI is where I see the most innovation and progress, but it's not fully developed yet. The other thing is that there are probably little things in the UI and overall processes that could be made easier to use. But there's nothing so consequential that it ruins your experience. It's more about tweaking and streamlining certain processes within the system.

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AhmedHaridy

Managing Director at Emkan

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.

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Quotes from Members

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

Pros

"We were with Oracle previously. With Oracle, you have to buy a different piece of software for every business process. If you want to do budgeting, that's a product. If you want to do consolidation, that's a product. If you want to do BI type of work, that's yet another product. So, you end up buying a lot of software from Oracle. With OneStream, it is a little different. It is a platform where you can do all those things, and you can do them with just one software purchase and then you just pay for users on it."

"It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership."

"The product's most valuable feature is extensibility."

"The most valuable features are around consolidations, eliminations, conversions."

"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."

"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."

"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."

"The tool is stable."

"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."

"Stability-wise, I rate the solution a ten out of ten."

"It is a very user-friendly software."

Cons

"We should be able to download the data in the same format we upload it."

"Currently, they only support one browser, and it would be good if you could use it on Chrome, Firefox, etc. It is a little frustrating that you can only use a certain Microsoft browser. They're pretty tightly aligned with Microsoft. So, I can see the reasons for it."

"AI is where I see the most innovation and progress, but it's not fully developed yet."

"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."

"If there could be data integration between HFM and the accounting software that would be ideal."

"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."

"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."

"Integration is an area where it lacks and can be improved."

"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."

"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."

"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."

Pricing and Cost Advice

"The licensing is expensive."

"The product has a license by the user. They're on par with other competitors."

"They price it by the user. Before discounting, it is 2,500 or something like that."

"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

19%

Manufacturing Company

10%

Computer Software Company

10%

Financial Services Firm

Manufacturing Company

12%

Financial Services Firm

12%

Computer Software Company

11%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

Seeking lightweight open source BI software

I advise you to try OneStream. This is a very good platform focused on reporting, consolidation and budgeting & forecasting.

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What do you like most about OneStream XF?

It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership.

See all answers

What is your experience regarding pricing and costs for OneStream XF?

The product has a license by the user. They're on par with other competitors. One thing to consider is their relationship with Microsoft. They often push customers towards Azure, and Azure can get ...

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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.

See all answers

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 ...

See all answers

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.

See all answers

Comparisons

Anaplan vs OneStream XF

Compared 22% of the time

IBM Planning Analytics vs OneStream XF

Compared 12% of the time

Oracle Hyperion vs OneStream XF

Compared 12% of the time

BlackLine vs OneStream XF

Compared 10% of the time

IBM Cognos Controller vs OneStream XF

Compared 7% of the time

More OneStream XF Competitors

Oracle Hyperion vs Oracle HFM

Compared 26% of the time

CCH Tagetik vs Oracle HFM

Compared 17% of the time

Microsoft Power BI vs Oracle HFM

Compared 12% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 11% of the time

IBM Cognos vs Oracle HFM

Compared 8% of the time

More Oracle HFM Competitors

Product Reports

Buyer's Guide

Business Performance Management

November 2024

Download OneStream XF product report

Buyer's Guide

Oracle HFM

December 2024

Download Oracle HFM product report

Also Known As

No data available

HFM

Learn More

OneStream

Oracle

Overview

Financial Close, Consolidation and Reporting
Automate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

Sample Customers

Fruit of the loom, Melrose, AAA, Valeo Foods

B&B Hotels, Goldwind, Drake & Scull

Buyer's Guide

OneStream XF vs. Oracle HFM

December 2024

Free Report: OneStream XF vs. Oracle HFM

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We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.