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Oracle HFM pros and cons

Vendor: Oracle
4.1 out of 5
564 followers
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Oracle HFM Pros review quotes

RD
Feb 1, 2023
It is a very user-friendly software.
reviewer1771776 - PeerSpot reviewer
Jan 28, 2022
The most valuable features are around consolidations, eliminations, conversions.
AhmedHaridy - PeerSpot reviewer
Oct 4, 2023
The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
Learn what your peers think about Oracle HFM. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
816,406 professionals have used our research since 2012.
reviewer2543766 - PeerSpot reviewer
Sep 23, 2024
It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage.
GK
Jan 28, 2022
You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM.
MG
Jan 27, 2022
Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination.
Mahdi Mohaddes - PeerSpot reviewer
Jun 12, 2023
Stability-wise, I rate the solution a ten out of ten.
reviewer2191632 - PeerSpot reviewer
Jun 23, 2023
The tool is stable.
 

Oracle HFM Cons review quotes

RD
Feb 1, 2023
If there could be data integration between HFM and the accounting software that would be ideal.
reviewer1771776 - PeerSpot reviewer
Jan 28, 2022
The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible.
AhmedHaridy - PeerSpot reviewer
Oct 4, 2023
In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions.
Learn what your peers think about Oracle HFM. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
816,406 professionals have used our research since 2012.
reviewer2543766 - PeerSpot reviewer
Sep 23, 2024
Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities.
GK
Jan 28, 2022
It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM.
MG
Jan 27, 2022
The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time.
Mahdi Mohaddes - PeerSpot reviewer
Jun 12, 2023
Integration is an area where it lacks and can be improved.
reviewer2191632 - PeerSpot reviewer
Jun 23, 2023
The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes.