Oracle Hyperion vs Workiva Wdesk comparison

Oracle and Workiva are both solutions in the Business Performance Management category. Oracle is ranked #2 with an average rating of 7.1, while Workiva is ranked #11 with an average rating of 7.0. Oracle holds a 12.0% mindshare in BPM, compared to Workiva’s 3.0% mindshare. Additionally, 86% of Oracle users are willing to recommend the solution, compared to 71% of Workiva users who would recommend it.

Oracle Hyperion

Read 55 Oracle Hyperion reviews

2,695 Views
1,750 Comparison Views

86% willing to recommend

Workiva Wdesk

Read 7 Workiva Wdesk reviews

502 Views
295 Comparison Views

71% willing to recommend

Oracle Hyperion

Workiva Wdesk

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Oracle Hyperion and Workiva Wdesk are competing enterprise performance management and financial reporting products. Hyperion seems to have the upper hand in data management and complex financial analytics, while Workiva Wdesk excels in user-friendliness and collaboration.

Features: Oracle Hyperion provides advanced analytics, data integration, and scalable architecture suitable for large enterprises with complex requirements. Its valuable features include comprehensive data management tools, intricate financial analytics, and robust calculation power. Workiva Wdesk emphasizes collaborative document control, cloud-based reporting, and compliance management. Key features include automated reporting schedules, dynamic data updates, and seamless ERP integration.

Room for Improvement: Oracle Hyperion could enhance user-friendliness, simplify deployment, and improve its user interface for easier accessibility. Workiva Wdesk may benefit from further integration capabilities, expanded analytical features, and enhanced data security measures.

Ease of Deployment and Customer Service: Oracle Hyperion generally requires a detailed setup and significant IT support, offering substantial capabilities post-deployment. Workiva Wdesk supports quicker deployment and updates due to its cloud-based model and is noted for providing responsive customer support and guidance.

Pricing and ROI: Oracle Hyperion involves higher initial setup costs and a longer ROI period, fitting for large organizations needing detailed financial solutions. Workiva Wdesk offers a more favorable pricing structure for mid-sized organizations, enabling faster ROI with lower deployment costs and efficient reporting.

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

Buyer's Guide

Oracle Hyperion vs. Workiva Wdesk

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 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

Workiva Wdesk

Ranking in Business Performance Management

11th

Average Rating

7.0

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

GRC (5th), Financial Close Software (2nd)

Mindshare comparison

As of February 2025, in the Business Performance Management category, the mindshare of Oracle Hyperion is 12.0%, down from 13.2% compared to the previous year. The mindshare of Workiva Wdesk is 3.0%, up from 1.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

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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Phillip Gough

Partner, Financial Services at Deloitte TT

The solution is easy to deploy and enables collaboration, but it must improve its speed and enable users to create pivot tables

I rate the ease of setup an eight out of ten. The initial setup was straightforward. The solution is cloud-based. We deployed the product along with Wdata in six months. It was for a lot of use cases. To deploy the tool, we designed the use cases and developed them. Then, we went through unit tests, integration tests, and user acceptance tests. It was an Agile delivery cycle.

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 feature that allows automation of the budgeting and forecasting process is extremely valuable, especially when compared to Excel."

"The stability is fine and quite user friendly."

"Hyperion is helpful for all our budget processes."

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

"Functionality-wise, it is what they say it is. It is the best in class, but it all ties back to your users. If your users are completely enamored with Excel spreadsheets, then breaking those habits is hard."

"This is a customizable product. Our implementation was designed to fit our needs."

"The scalability is good."

"It's basically the same as the other budgeting solutions."

More Oracle Hyperion pros

"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."

"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."

"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."

"The collaboration within the platform is valuable."

"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."

"It makes the compliance process more efficient and more effective."

"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."

Cons

"Oracle Hyperion's scalability could be improved."

"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."

"From a technical perspective, the technical support could be improved and the price could be reduced."

"I would like to see more integrations with third-party vendors such as BigSense and SAP. I'm looking forward to seeing more interface-related content."

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

"The pricing model could be more flexible as it's more expensive than its competitors."

"The reporting feature in Oracle Hyperion isn't the best. It needs improvement."

"The initial setup of Oracle Hyperion is very difficult."

More Oracle Hyperion cons

"The most critical issue is the need to shift between uppercase and lowercase."

"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."

"The speed must be improved."

"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."

"Regarding the solution, reporting has certain areas that can be considered for improvement."

"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."

"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."

Pricing and Cost Advice

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

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

"Oracle Hyperion is not an inexpensive solution."

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

"Compared with MSBA, it is quite reasonable."

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

"It might be considered relatively costly compared to some alternatives."

"The solution is affordable."

More Oracle Hyperion pricing and cost advice

"Our clients in Asia think that the solution is too expensive."

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Top Industries

By visitors reading reviews

Computer Software Company

12%

Manufacturing Company

11%

Financial Services Firm

11%

University

Financial Services Firm

19%

Educational Organization

15%

Computer Software Company

Insurance Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

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...

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What do you like most about Workiva Wdesk?

The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.

See all answers

What is your experience regarding pricing and costs for Workiva Wdesk?

Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platf...

See all answers

What needs improvement with Workiva Wdesk?

The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...

See all answers

Comparisons

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Compared 9% of the time

Oracle Enterprise Performance Management Cloud vs Workiva Wdesk

Compared 8% of the time

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Product Reports

Buyer's Guide

Oracle Hyperion

February 2025

Download Oracle Hyperion product report

Buyer's Guide

Workiva Wdesk

January 2025

Download Workiva Wdesk product report

Also Known As

Hyperion

Wdesk

Overview

Oracle Business Analytics Suite.

Oracle

Wdesk is used across the enterprise to support hundreds of data collaboration, reporting, and compliance processes. Use Wdesk to:

Optimize your structured and composite reports
Improve trust in your data, reports, and presentations
Transform processes to enable insight

Workiva

Sample Customers

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.

Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple

Buyer's Guide

Oracle Hyperion vs. Workiva Wdesk

January 2025

Free Report: Oracle Hyperion vs. Workiva Wdesk

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