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 #12 with an average rating of 6.8. Oracle holds a 11.8% mindshare in BPM, compared to Workiva’s 3.1% 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

2,630 Views
1,705 Comparison Views

86% willing to recommend

Workiva Wdesk

Read 7 Workiva Wdesk reviews

514 Views
308 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: March 2025).

Buyer's Guide

Oracle Hyperion vs. Workiva Wdesk

March 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

12th

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 March 2025, in the Business Performance Management category, the mindshare of Oracle Hyperion is 11.8%, down from 13.5% compared to the previous year. The mindshare of Workiva Wdesk is 3.1%, 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.

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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:

Pros

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

"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."

"It's a very good program and it's useful for consolidation."

"Smart View is a really useful tool because we can have a good API with HFM."

"Oracle Hyperion is an advanced analytical calculation engine that can handle aggregation."

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

"Oracle Hyperion is fairly user-friendly and not too complicated. The forecasting, it's really good. It's sometimes slow when there are a lot of users using it and we can have up to approximately 300 users using it. However, you can do it in Excel because there's an Excel add-in. This is a benefit because a lot of people do this way instead of having to go into the planning application itself."

"This solution provides a more structured methodology for doing analysis than a tool like Excel. It creates a central database that keeps all information in one place."

More Oracle Hyperion pros

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

"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."

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

"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."

"The collaboration within the platform is valuable."

"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."

Cons

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

"There can be an improvement in many regards with the dimensions, the metadata, the interfaces, as well as the integration."

"All the planning systems out there are great. It doesn't matter which company you use. They're all great. I've seen demonstrations on a number of them, but it all boils down to the culture within the organization itself to use that functionality, understand it, and help drive it. I've had Oracle salespeople do demonstrations, and it looked really good. We get it on board, and everybody still sticks to their Excel spreadsheets because companies are a lot more complex than what you could deliver on the planning system. So, there should be more education on the capabilities, and there should be more understanding of organizations in terms of the way they access the data in order to plan."

"The interface could be better. It could be more user-friendly, it is not very intuitive."

"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."

"The most important aspect for improvement is the time efficiency when handling large databases."

"There's something known as a data block that Hyperion generates for each and every transaction. Sometimes it does not generate and we need to identify those issues and fix them manually."

"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."

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

"The speed must be improved."

"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."

"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."

"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."

"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 licenses cost approximately $1,000."

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

"We pay for licensing yearly."

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

"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

Financial Services Firm

12%

Computer Software Company

12%

Manufacturing Company

11%

University

Financial Services Firm

18%

Educational Organization

13%

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 pricing model could be more flexible as it's more expensive than its competitors. The technical support response time could improve as they often ask for the same logs repeatedly.

See all answers

What is your primary use case for Oracle Hyperion?

Our clients mostly use Hyperion for their financial requirements, including budgeting, forecasting, and planning.

See all answers

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

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Product Reports

Buyer's Guide

Oracle Hyperion

March 2025

Download Oracle Hyperion product report

Buyer's Guide

Workiva Wdesk

March 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

March 2025

Free Report: Oracle Hyperion vs. Workiva Wdesk

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