Oracle HFM vs Planful comparison

"The tool is stable."

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

"It is a very user-friendly software."

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

"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."

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

"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."

"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 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."

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

"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."

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

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

"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."

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

"Right now, everything is on a three-year term contract, and that is our main cost."