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Oracle HFM vs Oracle Planning and Budgeting Cloud comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

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
7th
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
15
Ranking in other categories
No ranking in other categories
Oracle Planning and Budgeti...
Ranking in Business Performance Management
4th
Average Rating
8.4
Reviews Sentiment
6.7
Number of Reviews
21
Ranking in other categories
Financial Performance and Strategy Management (3rd)
 

Mindshare comparison

As of March 2025, in the Business Performance Management category, the mindshare of Oracle HFM is 8.8%, down from 9.2% compared to the previous year. The mindshare of Oracle Planning and Budgeting Cloud is 5.7%, down from 8.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

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.
Prithwish Kumar Ghosh - PeerSpot reviewer
Budgeting scenarios and versions helps us migrate data, visualize data, and do variant reporting
The best thing about the tool is the budgeting scenarios and versions. It helps us migrate data, visualize data, and do variant reporting. There are approval processes that allow users to submit data, whether for budgeting or forecasting. When they submit, it goes up in the hierarchy for approval. If the data looks good to the manager, they can approve it. This is a very unique feature that we get. The approval process is a back-and-forth process; it doesn't get finalized in one go. Another feature is the business rules, where we can give users the flexibility to run calculations on demand. We can set runtime prompts for them, so they can run the calculation for whichever year or factors they want. They just need to know the value they want. Everything else can be set up by the admins. These are the flexibilities that we can give the user.

Quotes from Members

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

Pros

"It is a very user-friendly software."
"Stability-wise, I rate the solution a ten out of ten."
"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."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"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 features are around consolidations, eliminations, conversions."
"I value Oracle's flexibility and customization levels."
"The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud."
"We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."
"Beneficial analysis and easy to do management adjustments."
"The workforce, the cube database, is the most valuable feature where you do planning for your headcounts."
"The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
"The product has a direct plugin to Microsoft Excel."
 

Cons

"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."
"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."
"Integration is an area where it lacks and can be improved."
"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."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution."
"The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless."
"Oracle made a mistake by forcing HFM users to transition to FCCS before the solution was mature enough."
"Oracle initially forced HFM users to migrate to FCCS, which was difficult because moving applications wasn't easy."
 

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."
"There is an annual subscription for this solution and it is priced high."
"The price of Oracle Planning and Budgeting Cloud is expensive. However, it solves a lot of issues at the company. Having a better price could make us think about using more cloud products for Oracle and increase usage."
"It is expensive."
"The solution is free."
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Top Industries

By visitors reading reviews
Computer Software Company
11%
Financial Services Firm
11%
Manufacturing Company
11%
Healthcare Company
6%
Financial Services Firm
13%
Computer Software Company
10%
Manufacturing Company
10%
Energy/Utilities Company
8%
 

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.
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.
What is your experience regarding pricing and costs for Oracle Planning and Budgeting Cloud?
While cloud pricing may initially appear more expensive due to the absence of infrastructure expenses, it is fair. There's no need for physical servers or infrastructure management. The licensing i...
What needs improvement with Oracle Planning and Budgeting Cloud?
Oracle made a mistake by forcing HFM users to transition to FCCS before the solution was mature enough. It caused many clients to opt for OneStream due to its similarity with HFM. FCCS initially la...
What is your primary use case for Oracle Planning and Budgeting Cloud?
I have implemented Oracle Planning and Budgeting Cloud in many industries, such as manufacturing, banks, construction, and health business. It's an amazing software. In the past, Oracle was the mai...
 

Also Known As

HFM
Oracle PBCS, Oracle Enterprise Business Planning
 

Overview

 

Sample Customers

B&B Hotels, Goldwind, Drake & Scull
Australian Finance Group Ltd., Daelim Industrial Co. Ltd., TBS Group, Delaware Life Insurance, Shelf Drilling Ltd., Abu Dhabi Department of Finance, Fugro Norway AS, Drake & Scull International PJSC (DSI), Racepoint Global, Edgewater Technology Inc., King Abdulaziz City for Science and Technology, Communications Test Design Inc.
Find out what your peers are saying about Oracle HFM vs. Oracle Planning and Budgeting Cloud and other solutions. Updated: March 2025.
842,466 professionals have used our research since 2012.