Oracle Hyperion vs Workiva Wdesk comparison

"The accuracy of data gathering and consolidation is very good."

"This product is very scalable and provides high ROI."

"Scalability isn't a problem for Hyperion."

"Scalability is one of this solution's big plus points."

"We like the reporting and tracking of financials."

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

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

"The latest cloud version is more efficient for financial implementations."

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

"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 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."

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

"The collaboration within the platform is valuable."

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

"The solution's reporting and dashboards need improvement."

"The forecasting of values could be simplified in this solution."

"What I like is to have everything on one platform and not in different modules like Oracle Hyperion."

"Hyperion has much room for improvement, especially disaster recovery. You don't have the option to choose the proper disaster recovery method. We have Hyperion and an SQL server on the backend. We have active solutions for the backend database server, which aren't working for our people. They've asked us to remove the high availability to increase application performance."

"The Oracle technical support in our area is terrible."

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

"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."

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

"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."

"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."

"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."

"The speed must be improved."

"The licenses cost approximately $1,000."

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

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

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

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

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

"Oracle Hyperion is not an inexpensive solution."

"The solution is affordable."

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