Oracle HFM vs Planful comparison

Oracle and Planful are both solutions in the Business Performance Management category. Oracle is ranked #6 with an average rating of 8.2, while Planful is ranked #16. Oracle holds a 9.8% mindshare in BPM, compared to Planful’s 2.5% mindshare. Additionally, 100% of Oracle users are willing to recommend the solution, compared to 100% of Planful users who would recommend it.

Oracle HFM

Read 15 Oracle HFM reviews

1,846 Views
1,320 Comparison Views

100% willing to recommend

Planful

Read 2 Planful reviews

772 Views
430 Comparison Views

100% willing to recommend

Oracle HFM

Planful

Comparison Buyer's Guide

Download the report

Executive SummaryUpdated on Dec 19, 2024

Oracle HFM and Planful compete in the corporate performance management space. Planful appears to have the upper hand in flexibility and user experience, while Oracle HFM is known for its robust features in financial consolidation.

Features: Oracle HFM focuses on financial consolidation, compliance, and complex reconciliation with stringent controls and audit trails. Planful offers intuitive financial planning, budgeting, and forecasting, which facilitate collaboration and scalability. Integration capabilities of Planful provide more versatility in various business scenarios.

Ease of Deployment and Customer Service: Oracle HFM typically requires on-premise deployment, leading to a more involved implementation process with extended timelines. Planful uses cloud technology for easier and faster deployment, offering responsive support and hands-on assistance that streamline the adoption phase.

Pricing and ROI: Oracle HFM generally requires significant upfront costs due to comprehensive infrastructure needs and higher customization expenses, offering substantial long-term ROI for businesses in need of robust consolidation features. Planful's cloud-based subscription model results in lower initial costs with scalable pricing, providing quicker ROI through efficient deployment and targeted functionality, appealing to cost-sensitive businesses.

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

Buyer's Guide

Oracle HFM vs. Planful

December 2024

Download the complete report

Helped 824,053 peers since 2012

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

Planful

Ranking in Business Performance Management

16th

Average Rating

8.0

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

Financial Close Software (19th)

Mindshare comparison

As of December 2024, in the Business Performance Management category, the mindshare of Oracle HFM is 9.8%, up from 8.9% compared to the previous year. The mindshare of Planful is 2.5%, down from 3.1% 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.

Read full review

reviewer1110591

Financial Planning & Analysis - Finance Manager at a engineering company with 501-1,000 employees

It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve

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. The application that we use today for our BI tools is Tableau. That's how people absorb information. We don't really use the functionality or dashboards within Planful because of the robustness of Tableau. That's our single source of data. If Planful was better or more comparable in terms of features and functionality, we could probably leverage that in Planful.

Read full review

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."

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

"It is a very user-friendly software."

"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."

"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."

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

"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."

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."

"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."

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

"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."

"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."

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."

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

See which vendors are best for you

Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.

See recommendations

824,053 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Manufacturing Company

12%

Financial Services Firm

12%

Computer Software Company

11%

Healthcare Company

Computer Software Company

15%

Healthcare Company

10%

Manufacturing Company

10%

Financial Services Firm

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

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

Ask a question

Earn 20 points

Comparisons

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

OneStream XF vs Oracle HFM

Compared 10% of the time

More Oracle HFM Competitors

Anaplan vs Planful

Compared 38% of the time

Adaptive Insights vs Planful

Compared 24% of the time

Jedox vs Planful

Compared 21% of the time

Board vs Planful

Compared 18% of the time

More Planful Competitors

Product Reports

Buyer's Guide

Oracle HFM

December 2024

Download Oracle HFM product report

Buyer's Guide

Business Performance Management

November 2024

Download Planful product report

Also Known As

HFM

Host Analytics

Learn More

Oracle

Planful

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.

You need a financial planning solution that meets the structured demands of standardized financial planning and reporting requirements and regulations. Structured Planning with Planful automates labor-intensive planning activities in a complete cloud-based platform – giving your finance team control, consistency, and confidence in corporate financial plans.

Sample Customers

B&B Hotels, Goldwind, Drake & Scull

Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon

Buyer's Guide

Oracle HFM vs. Planful

December 2024

Free Report: Oracle HFM vs. Planful

Find out what your peers are saying about Oracle HFM vs. Planful and other solutions. Updated: December 2024.

DOWNLOAD NOW

824,053 professionals have used our research since 2012.

See our Oracle HFM vs. Planful report.

See our list of best Business Performance Management vendors.

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.