Oracle Hyperion vs Workiva Wdesk comparison

"The tool's most valuable feature of the solution is flexibility and integration capabilities."

"Oracle Hyperion is an engine allowing you to build whatever you want on it."

"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 is easy to use. It is very intuitive. Even though there is a lot of functionality that comes out of the box, you can customize the solutions to meet your needs. You have the ability to have business rules that produce all kinds of calculations. We're international, and we do all our FX conversions through that."

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

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

"The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME."

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

"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."

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

"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."

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

"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."

"Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model."

"Oracle Hyperion's scalability could be improved."

"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."

"This solution's stability is a little problematic."

"I would love more comment capabilities so that you could put in little notes, cheat notes."

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

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

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

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

"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 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 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."

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

"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."

"Compared with MSBA, it is quite reasonable."

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

"The solution is affordable."

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

"The licenses cost approximately $1,000."

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