Oracle HFM vs Prophix comparison

Oracle and PROPHIX are both solutions in the Business Performance Management category. Oracle is ranked #6 with an average rating of 8.2, while PROPHIX is ranked #19. Oracle holds a 9.6% mindshare in BPM, compared to PROPHIX’s 0.8% mindshare. Additionally, 100% of Oracle users are willing to recommend the solution, compared to 100% of PROPHIX users who would recommend it.

Oracle HFM

Read 15 Oracle HFM reviews

1,892 Views
1,345 Comparison Views

100% willing to recommend

Prophix

Read 10 Prophix reviews

262 Views
143 Comparison Views

100% willing to recommend

Oracle HFM

Prophix

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between Oracle HFM and Prophix based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

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

Buyer's Guide

Oracle HFM vs. Prophix

October 2024

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Helped 814,763 peers since 2012

Categories and Ranking

Oracle HFM

Ranking in Business Performance Management

6th

Average Rating

8.2

Number of Reviews

Ranking in other categories

No ranking in other categories

Prophix

Ranking in Business Performance Management

19th

Average Rating

8.2

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (7th), Financial Close Software (21st)

Mindshare comparison

As of November 2024, in the Business Performance Management category, the mindshare of Oracle HFM is 9.6%, up from 8.8% compared to the previous year. The mindshare of Prophix is 0.8%, down from 1.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

AhmedHaridy

Managing Director at Emkan

Oct 4, 2023

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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it_user205587

CFO at a construction company with 51-200 employees

Mar 23, 2015

Areas where you load your CapEx still need a lot of improvements however, it is easy to build a report.

OLAP technology The ease of building a report The products are linked to operational software (SAP) through an ODBC connection, so uploading the data is just on the click of a button Creating a forecast or budget model is very simple The turn around time and accuracy has improved dramatically…

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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:

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."

Information not available

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Top Industries

By visitors reading reviews

Manufacturing Company

12%

Computer Software Company

12%

Financial Services Firm

11%

Healthcare Company

Educational Organization

45%

Computer Software Company

19%

Non Profit

Insurance Company

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.

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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 ...

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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.

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Comparisons

Oracle Hyperion vs Oracle HFM

Compared 25% of the time

CCH Tagetik vs Oracle HFM

Compared 16% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 14% of the time

Microsoft Power BI vs Oracle HFM

Compared 11% of the time

OneStream XF vs Oracle HFM

Compared 11% of the time

More Oracle HFM Competitors

No data available

Product Reports

Buyer's Guide

Oracle HFM

October 2024

Download Oracle HFM product report

Buyer's Guide

Business Performance Management

October 2024

Download Prophix product report

Also Known As

HFM

No data available

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Oracle

PROPHIX

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.

Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.

Sample Customers

B&B Hotels, Goldwind, Drake & Scull

Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England

Buyer's Guide

Oracle HFM vs. Prophix

October 2024

Free Report: Oracle HFM vs. Prophix

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

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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.