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Oracle Hyperion pros and cons

Vendor: Oracle
3.9 out of 5
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Pros & Cons summary

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Prominent pros & cons

PROS

Oracle Hyperion provides seamless integration for data retrieval from systems like SAP and SQL Server, supporting data consolidation and accuracy.
The platform is highly scalable, catering to enterprise needs for financial reporting and complex consolidations.
Flexibility and integration capabilities are notable, allowing customization and support for various business rules and calculations.
Oracle Hyperion's advanced analytical engine aids in aggregation and structured data analysis, enabling efficient performance tracking.
The cloud deployment enhances efficiency in financial tasks, with Oracle Hyperion's robust integration within the Oracle ecosystem.

CONS

Oracle EPM Cloud security model needs more differentiation, making it necessary to enhance its complexity before reaching end-of-life.
There are stability and scalability issues with Oracle Hyperion, causing delays and complications, especially with multiple users.
The initial setup and implementation of Oracle Hyperion are notably complex and challenging to manage effectively.
Oracle Hyperion's reporting, analytics, and forecasting functionalities could be more user-friendly and efficient, needing expert involvement.
Technical support and comprehensive documentation for Oracle Hyperion need significant improvement to assist users in the operational environment effectively.
 

Oracle Hyperion Pros review quotes

GH
Jul 29, 2022
The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now.
reviewer1326276 - PeerSpot reviewer
Sep 16, 2020
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.
MV
Apr 30, 2024
Oracle Hyperion is an advanced analytical calculation engine that can handle aggregation.
Learn what your peers think about Oracle Hyperion. Get advice and tips from experienced pros sharing their opinions. Updated: December 2024.
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reviewer1071999 - PeerSpot reviewer
Jan 13, 2022
It's basically the same as the other budgeting solutions.
reviewer1771677 - PeerSpot reviewer
Jan 28, 2022
Stable and scalable solution with a valuable data integration feature which allows the slicing and dicing of data. It also has a workforce planning feature that allows you to bring in your HR data.
reviewer1848270 - PeerSpot reviewer
Apr 27, 2022
Functionality-wise, it is what they say it is. It is the best in class, but it all ties back to your users. If your users are completely enamored with Excel spreadsheets, then breaking those habits is hard.
reviewer2539725 - PeerSpot reviewer
Sep 6, 2024
The tool's most valuable feature of the solution is flexibility and integration capabilities.
Jorge Flores Hernandez - PeerSpot reviewer
Jun 23, 2022
Oracle Hyperion has helped make things work faster in our company.
reviewer1784232 - PeerSpot reviewer
Feb 16, 2022
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.
DEVINDRA SINGH CHAUHAN - PeerSpot reviewer
Jun 2, 2022
The roll-up potential of the product is very good, meaning we have detailed information and we want it to be summarized, based on geography, based on different product lines, or based on different charts of accounts in the general ledger. It rolls up the information in a very concise way. This makes it easy to understand the overall performance, for it's forecasting aspects, or quarterly reporting, year to year, or month to month reporting.
 

Oracle Hyperion Cons review quotes

reviewer1326276 - PeerSpot reviewer
Sep 16, 2020
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.
MV
Apr 30, 2024
The solution's reporting and dashboards need improvement.
reviewer1071999 - PeerSpot reviewer
Jan 13, 2022
I would love more comment capabilities so that you could put in little notes, cheat notes.
Learn what your peers think about Oracle Hyperion. Get advice and tips from experienced pros sharing their opinions. Updated: December 2024.
824,067 professionals have used our research since 2012.
reviewer1771677 - PeerSpot reviewer
Jan 28, 2022
The reporting feature in Oracle Hyperion isn't the best. It needs improvement.
reviewer1848270 - PeerSpot reviewer
Apr 27, 2022
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.
reviewer2539725 - PeerSpot reviewer
Sep 6, 2024
Improvements are needed in the tool's performance.
Jorge Flores Hernandez - PeerSpot reviewer
Jun 23, 2022
It is challenging to do reporting on Oracle Hyperion if you're not an expert.
reviewer1784232 - PeerSpot reviewer
Feb 16, 2022
Their documentation could be a little bit more descriptive at places. They don't really do a lot of How-Tos because that gets pushed through to the consulting groups. There have been some books. There is a real good one out there about how to look smarter than you are with Hyperion Planning that some people at a company called ArganoInterRel wrote. Those things do exist, but that's not in their documentation. It's basically like they'll say, "This is the field. This is what it's used for," but they don't tell you how to particularly use it in your case environment.
DEVINDRA SINGH CHAUHAN - PeerSpot reviewer
Jun 2, 2022
Configuration is a little complex, it's not very easy. The solution is integrated with Essbase and there are not many users of the Essbase database. If they can provide different modules for each subject area, like supply chain, for inventory forecasting or for order management forecasting, it would make each subject area easier to manage.
Jerome Cobers - PeerSpot reviewer
Sep 13, 2022
What I like is to have everything on one platform and not in different modules like Oracle Hyperion.