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Oracle Hyperion vs Workiva Wdesk comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

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
1st
Average Rating
7.8
Reviews Sentiment
6.4
Number of Reviews
58
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
7
Ranking in other categories
GRC (8th), Financial Close Software (6th)
 

Mindshare comparison

As of January 2026, in the Business Performance Management category, the mindshare of Oracle Hyperion is 5.5%, down from 12.1% compared to the previous year. The mindshare of Workiva Wdesk is 3.2%, up from 3.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management Market Share Distribution
ProductMarket Share (%)
Oracle Hyperion5.5%
Workiva Wdesk3.2%
Other91.3%
Business Performance Management
 

Featured Reviews

SC
Product Support Engineer at JSW
Empower financial planning with user-friendly and robust features
The best features of Oracle Hyperion revolve around their cloud-based technology, which is gradually moving to cloud solutions such as EPMCSG, while Anaplan uses two engines for calculations, the classic engine and the Essbase engine. Anaplan allows for quick module changes, where adjustments in one module reflect throughout the user experience. In contrast, Oracle Hyperion relies on Essbase as a database with calculation scripts and business rules, and it incorporates Smart View technology for Excel connections, providing a familiar interface for users. Oracle Hyperion is fundamentally a good technology and does not require significant improvements compared to other technologies because it is user-friendly and offers several advantages in financial reporting and consolidation. However, I have observed that Anaplan has built-in UX pages for report preparation, unlike Oracle Hyperion, which often relies on third-party tools such as Hyperion Financial Reporting and Power BI for reporting.
reviewer2510292 - PeerSpot reviewer
Corporate ESG Analyst at a university with 1,001-5,000 employees
Has cross-functional connectivity but improvement is needed in script encoding
The tool's deployment is quick. Once the program is set up, you're ready to collect data and connect it to your report. The deployment team's size depends on the size of the company and how many different data providers you're utilizing. Some companies have one person doing everything, while others have a huge team. We're on the latter end of it, with many people involved. One great thing about the platform is that everything is consolidated in one place, providing a single resource for everyone. This is a benefit. The maintenance of the solution depends on the experience of the person managing the company's program. The company might have a contractor handling the back end and software management if they're low-level and only analyzing the data. However, if you have someone experienced with software and script encoding, that person might be the analyst and managing the program. Generally, most people are just analysts and not managing the software. There's an opportunity for improvement in user management of their software, and I hope they address this gap before the year ends.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The scalability is good."
"The tool's most valuable feature of the solution is flexibility and integration capabilities."
"Its major impact is that it reduced manual work since using Oracle Hyperion, and Oracle Hyperion data can now be updated, with data loads completed in 30 minutes."
"Oracle Hyperion is an engine allowing you to build whatever you want on it."
"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."
"The platform is very easy to use from a user perspective, especially for nontechnical experts."
"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."
"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 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."
"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."
"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 collaboration within the platform is valuable."
"It makes the compliance process more efficient and more effective."
 

Cons

"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 solution is about to cease to exist, so it doesn't really matter if they add anything to it. It's at end-of-life."
"I have not seen return on investment from using Oracle Hyperion."
"They could support machine learning algorithms for the product."
"Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model."
"Oracle Hyperion generally it's quite a complex architecture that is hard to maintain."
"I found the initial setup to be complex."
"The analytical side of the product could be better and needs to be improved."
"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."
"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."
"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 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."
 

Pricing and Cost Advice

"Compared with MSBA, it is quite reasonable."
"It might be considered relatively costly compared to some alternatives."
"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."
"The licenses cost approximately $1,000."
"The solution is affordable."
"As Oracle's pricing is on the higher end, most businesses prefer to have their own private cloud."
"Oracle Hyperion is not an inexpensive solution."
"Our clients in Asia think that the solution is too expensive."
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Top Industries

By visitors reading reviews
Manufacturing Company
11%
Financial Services Firm
11%
University
8%
Computer Software Company
8%
Financial Services Firm
15%
Computer Software Company
9%
Manufacturing Company
8%
Insurance Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business16
Midsize Enterprise6
Large Enterprise38
By reviewers
Company SizeCount
Small Business1
Midsize Enterprise1
Large Enterprise5
 

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.
What needs improvement with Oracle Hyperion?
We are going to re-implement the Oracle Hyperion system due to changes in our chart of account process and some other factors. We were analyzing whether to move to a cloud system, EPM Cloud. We hav...
What is your primary use case for Oracle Hyperion?
We are using Oracle Financials and Oracle Hyperion. Oracle Hyperion is used for budget and MIS reporting, while Financials is used for financial accounting, payables, receivables, and general ledge...
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...
What advice do you have for others considering Workiva Wdesk?
I've been working with the tool's script encoding departments and top management to address gaps in their script encoding. They are working towards closing these gaps to ensure we can continue usin...
 

Also Known As

Hyperion
Wdesk
 

Overview

 

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
Find out what your peers are saying about Oracle Hyperion vs. Workiva Wdesk and other solutions. Updated: December 2025.
879,889 professionals have used our research since 2012.