We performed a comparison between Oracle Hyperion and Workiva Wdesk 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."We can collect data from various sources, which is very useful for budgeting and planning."
"This product is very scalable and provides high ROI."
"The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now."
"Hyperion is helpful for all our budget processes."
"One can see that it's a mature product because it addresses all the requirements that you must need for financial consolidation and for budgeting and planning. It's really easy to use."
"The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME."
"Stable and scalable solution with a valuable data integration feature which allows the slicing and dicing of data. It also has a workforce planning feature that allows you to bring in your HR data."
"Since it is an enterprise-capable solution, people are not worried about security, giving data, the ability to manage complex consolidation, and its ability to modify reporting."
"The collaboration within the platform is valuable."
"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."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"It makes the compliance process more efficient and more effective."
"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."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
"Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model."
"Sometimes Oracle Hyperion is slow when there are a lot of users using it. However, we can have up to approximately 300 users using it."
"Integrating Oracle Hyperion, a multidimensional database, with relational databases poses challenges due to the differing database structures."
"The reporting feature in Oracle Hyperion isn't the best. It needs improvement."
"I have a problem with Hyperion when I need to log some changes in the budget. It's hard to know who made which changes in the budget."
"What I like is to have everything on one platform and not in different modules like Oracle Hyperion."
"This solution's stability is a little problematic."
"The analytics could be improved."
"The speed must be improved."
"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 most critical issue is the need to shift between uppercase and lowercase."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"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."
"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."
Oracle Hyperion is ranked 2nd in Business Performance Management with 51 reviews while Workiva Wdesk is ranked 12th in Business Performance Management with 6 reviews. Oracle Hyperion is rated 8.0, while Workiva Wdesk is rated 7.0. The top reviewer of Oracle Hyperion writes "A world-class solution that provides a lot of functionality out of the box and also allows you to customize it to meet your needs". On the other hand, the top reviewer of Workiva Wdesk writes "A user-friendly tool useful for data consolidation and automating the reporting schedules". Oracle Hyperion is most compared with Tableau, IBM Cognos, Anaplan, Oracle HFM and Oracle Planning and Budgeting Cloud, whereas Workiva Wdesk is most compared with AuditBoard, RSA Archer, OneTrust GRC, LucaNet and Oracle Enterprise Performance Management Cloud. See our Oracle Hyperion vs. Workiva Wdesk report.
See our list of best Business Performance Management vendors.
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