Oracle HFM vs Oracle Hyperion comparison

Oracle HFM and Oracle Hyperion are both solutions in the Business Performance Management category. Oracle HFM is ranked #6 with an average rating of 8.2, while Oracle Hyperion is ranked #2 with an average rating of 7.1. Oracle HFM holds a 9.5% mindshare in BPM, compared to Oracle Hyperion’s 12.0% mindshare. Additionally, 100% of Oracle HFM users are willing to recommend the solution, compared to 86% of Oracle Hyperion users who would recommend it.

Oracle HFM

Read 15 Oracle HFM reviews

1,756 Views
1,247 Comparison Views

100% willing to recommend

Oracle Hyperion

Read 55 Oracle Hyperion reviews

2,695 Views
1,750 Comparison Views

86% willing to recommend

Oracle HFM

Oracle Hyperion

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Executive SummaryUpdated on Dec 19, 2024

Oracle HFM and Oracle Hyperion compete in the domain of financial management and enterprise performance. Despite favorable pricing and support for Oracle HFM, Oracle Hyperion is generally preferred for its extensive feature set and perceived value.

Features: Oracle HFM provides strong consolidation and reporting capabilities, ensuring financial management accuracy and compliance, while handling multi-currency translations, complex ownership calculations, and inter-company eliminations. Oracle Hyperion offers advanced analytics and planning, enhancing forecasting and financial strategy alignment, with comprehensive integration with other Oracle solutions.

Room for Improvement: Oracle HFM could enhance its cloud deployment options, user experience, and integration with broader enterprise systems. Oracle Hyperion users indicate a need for more intuitive user interfaces, faster processing speeds during high demand periods, and simplified data migration tools.

Ease of Deployment and Customer Service: Oracle Hyperion is notable for its flexible deployment options across cloud, on-premise, and hybrid models, complemented by extensive customer service. Oracle HFM operates primarily in an on-premise model with standard support, but it lacks the deployment adaptability of Oracle Hyperion.

Pricing and ROI: Oracle HFM is appealing due to its lower initial setup costs, suitable for organizations with immediate consolidation needs. Oracle Hyperion, despite a higher upfront cost, promises greater ROI over time with its extensive features and integration capabilities that significantly enhance financial outcomes.

To learn more, read our detailed Oracle HFM vs. Oracle Hyperion Report (Updated: January 2025).

Buyer's Guide

Oracle HFM vs. Oracle Hyperion

January 2025

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Review summaries and opinions

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

Categories and Ranking

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

Oracle Hyperion

Ranking in Business Performance Management

2nd

Average Rating

7.8

Reviews Sentiment

6.4

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of February 2025, in the Business Performance Management category, the mindshare of Oracle HFM is 9.5%, up from 9.2% compared to the previous year. The mindshare of Oracle Hyperion is 12.0%, down from 13.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

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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Pranit Chhajed

Consultant at Infosys

Automation of financial processes streamlines operations but pricing needs improvement

Our clients mostly use Hyperion for their financial requirements, including budgeting, forecasting, and planning The feature that allows automation of the budgeting and forecasting process is extremely valuable, especially when compared to Excel. The workflow management of planning and the…

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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

"The tool is stable."

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

"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."

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

"It is a very user-friendly software."

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

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

"The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now."

"Oracle Hyperion is an advanced analytical calculation engine that can handle aggregation."

"The stability is fine and quite user friendly."

"Stable and scalable solution with a valuable data integration feature which allows the slicing and dicing of data. It also has a workforce planning feature that allows you to bring in your HR data."

"Scalability isn't a problem for Hyperion."

"Oracle has an integrated solution for Enterprise Performance Management (EPM) and Hyperion. It keeps the two platforms opened up to each other."

"We like the reporting and tracking of financials."

"One can see that it's a mature product because it addresses all the requirements that you must need for financial consolidation and for budgeting and planning. It's really easy to use."

More Oracle Hyperion pros

Cons

"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 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."

"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."

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

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

"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."

"The Oracle technical support in our area is terrible."

"Their documentation could be a little bit more descriptive at places. They don't really do a lot of How-Tos because that gets pushed through to the consulting groups. There have been some books. There is a real good one out there about how to look smarter than you are with Hyperion Planning that some people at a company called ArganoInterRel wrote. Those things do exist, but that's not in their documentation. It's basically like they'll say, "This is the field. This is what it's used for," but they don't tell you how to particularly use it in your case environment."

"They could support machine learning algorithms for the product."

"This solution's stability is a little problematic."

"Hyperion has much room for improvement, especially disaster recovery. You don't have the option to choose the proper disaster recovery method. We have Hyperion and an SQL server on the backend. We have active solutions for the backend database server, which aren't working for our people. They've asked us to remove the high availability to increase application performance."

"Oracle Hyperion generally it's quite a complex architecture that is hard to maintain."

"We are still having some issues with the ASO Cube. It can take a long time to clear the data in the ASO Cube compared to BSO data-clearing operations. We don't have a specific calculation in the ASO, and we only have these aggregate options on the ASO side. If we need calculations, we have to calculate them in the BSO and pass the data to the ASO Cube for the reporting. That's one of the drawbacks. Oracle could also improve on the data logging side as well."

"It is challenging to do reporting on Oracle Hyperion if you're not an expert."

More Oracle Hyperion cons

Pricing and Cost Advice

"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."

"The licenses cost approximately $1,000."

"Oracle Hyperion's licensing structures are quite expensive for some companies, especially medium-sized companies because of the user-based license."

"We pay for licensing yearly."

"Oracle Hyperion is not an inexpensive solution."

"The solution is affordable."

"As Oracle's pricing is on the higher end, most businesses prefer to have their own private cloud."

"The licensing cost for the on-premises version of the solution is too high."

"To get a full license, which gives you access to most of the different Hyperion programs, it costs $2000 to $2500 a month."

More Oracle Hyperion pricing and cost advice

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Top Industries

By visitors reading reviews

Financial Services Firm

12%

Computer Software Company

11%

Manufacturing Company

11%

Healthcare Company

Computer Software Company

11%

Manufacturing Company

11%

Financial Services Firm

11%

University

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

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

What do you like most about Oracle Hyperion?

We can collect data from various sources, which is very useful for budgeting and planning.

See all answers

What needs improvement with Oracle Hyperion?

The most important aspect for improvement is the time efficiency when handling large databases. When the database consists of several million records, the software can be slow. However, the perform...

See all answers

What is your primary use case for Oracle Hyperion?

We use Oracle Hyperion for ad hoc querying and connection with multidimensional databases. It is very easy to use for combining dimensions of the database such as time, geography, and product dimen...

See all answers

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Product Reports

Buyer's Guide

Oracle HFM

February 2025

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Buyer's Guide

Oracle Hyperion

February 2025

Download Oracle Hyperion product report

Also Known As

HFM

Hyperion

Overview

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.

Oracle

Oracle Business Analytics Suite.

Oracle

Sample Customers

B&B Hotels, Goldwind, Drake & Scull

ITNL, Aditya Birla Nuvo Ltd., Zaklady Farmaceutyczne Polpharma S.A., Daelim Industrial Co. Ltd., Barco N.V., SITA, McGregor Fashion Group B.V., PCCW Ltd.

Buyer's Guide

Oracle HFM vs. Oracle Hyperion

January 2025

Free Report: Oracle HFM vs. Oracle Hyperion

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