The fact that you can handle and process a lot of data in a very short time is the most valuable feature.
Team Lead at a tech services company with 10,001+ employees
You can handle and process a lot of data in a very short time.
What is most valuable?
How has it helped my organization?
We showed a lot of demos of these solutions, and a lot of clients that we demonstrated to are very much impressed. It has increased our clientele, so we have a lot more of clients in my company for this application.
What needs improvement?
It's way ahead of the competition. IBM Solutions have gone down a lot in the last few years and the future is Oracle. So, for now, I don't see any features in IBM that should be improved. It's very good for now.
I don't think that this product needs any improvement for now. I am quite satisfied with the application that we have, it is working just fine. For clients who have a good understanding of the product, it is enabling them meet their deadlines. So for now, I don't think it is necessary for me to consider.
For how long have I used the solution?
I have used this solution for five years.
Buyer's Guide
Oracle Hyperion
December 2024
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.
What do I think about the stability of the solution?
Stability is good.
How are customer service and support?
Nine out of 10.
Which solution did I use previously and why did I switch?
Previously, we were using IBM.
How was the initial setup?
The setup was very straightforward, it is easy to use.
Which other solutions did I evaluate?
This was the only option that was given to us.
What other advice do I have?
I would always recommend this solution.
It is very versatile, it is easy to use, easy to access, and easy to set up.
I am very satisfied with and keen on this solution.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Managing Director at a tech consulting company with 51-200 employees
We haven't had issues with performance and scalability.
What is most valuable?
The entire ETL function is of great value and no feature on its own will function alone. So in my eyes there is not one feature that really stands out on its own.
How has it helped my organization?
I work in a consulting role but I believe that by implementing it a lot of organizations’ manual processes have been automated.
What needs improvement?
FDM has become redundant and is being replaced by FDMEE. FDM will not be supported in the near future anymore and no further development/improvements are done on this product.
It is a manual setup of the type of data that you want to load. To build the application you have to setup and create various locations, maps, categories, etc. You also need to define your input data structure to a certain extent. There is allot of manual work when it comes to creating an application but once the application is created there shouldn’t be any issues when it comes to loading data.
For how long have I used the solution?
I've been using Oracle Hyperion Financial Quality Data Manager for four years.
What was my experience with deployment of the solution?
There were no issues with the deployment.
What do I think about the stability of the solution?
We've experienced no issues with performance.
What do I think about the scalability of the solution?
It's been able to scale for our needs.
How are customer service and technical support?
99% of the time we do our own troubleshooting.
Which solution did I use previously and why did I switch?
I started with this product.
How was the initial setup?
The initial setup was rather complex but I knew what I needed to do to achieve the end result. There are also allot of reading material on these products if you get stuck.
What about the implementation team?
We used an in-house team. My advice would be to know what you want to achieve with the tool because it is very flexible.
What other advice do I have?
I would not recommend implementing FDM as it is falling away and will not be supported in the near future.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Buyer's Guide
Oracle Hyperion
December 2024
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.
Senior Consultant at Coçyl Services Conseils
They're quick to add enhancements and adapt the tool to business requirements
What is our primary use case?
Centralization of the budgeting process. Our company was using Excel spreadsheets to capture all the managers' spreadsheets. They kept being changed by the managers and were never actually frozen in time. Very hard for top management to freeze the budgets.
How has it helped my organization?
Reduced budgeting process from six to eight months, to three months. Locking the budget process for the managers permitted us to control the data. No one was doubtful about which versions of the budgets they were working on.
What is most valuable?
- Flexibility
- Quick to add enhancements and adapt the tool to business requirements
- Little involvement from the IT department
Everyone was looking at the same numbers. As data was entered during the budget process from lower management, upper management had the live consolidated budgets.
What needs improvement?
The learning curve is pretty steep. For people coming from a relational or star database background, users configuring Essbase need to learn a new way of manipulating the data.
For how long have I used the solution?
Three to five years.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Managing Consultant at ifb international AG
There is an integrated solution with Oracle EPM which we utilize
Pros and Cons
- "Oracle has an integrated solution for Enterprise Performance Management (EPM) and Hyperion. It keeps the two platforms opened up to each other."
- "Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model."
What is our primary use case?
Our primary use is for Enterprise Performance Management (in most cases), planning and budgeting, and as a reporting/allocation tool.
How has it helped my organization?
We provide customized solutions for finance offices in any industry.
What is most valuable?
Oracle has an integrated solution for Enterprise Performance Management (EPM) and Hyperion. It keeps the two platforms opened up to each other.
What needs improvement?
Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model.
For how long have I used the solution?
More than five years.
What other advice do I have?
I have worked for more than seven years with Oracle EPM and Hyperion.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Sr. Financial Analyst at a healthcare company with 501-1,000 employees
Speed of data is the biggest key for our users.
Valuable Features
Speed of data is the biggest key for our users. The smart view application within Hyperion is very user friendly. Quick changes can be made on the fly and users getting the data that they need to make decisions.
Improvements to My Organization
I think that having it within Microsoft products as an add in makes it accessible around the clock. Someone could be working from home, log in, jump in see what their numbers are, see what their financials are, so it's a very good tool.
Room for Improvement
We're trying to push out a complete costing battle to the organization where it's going to impact finance, marketing, purchasing, inventory, across the board. That's the key feature that we want to start using and implement for better business decisions across the board. I don't think that we're effectively using the tool to the best of the ability yet. Right now we're good with Hyperion.
Stability Issues
There hasn't been much down time, so that's a good thing. We can actually lock the users out easily so that when we're doing updates it's not impacting at a high level. Communication efforts are a lot easier that way, so it's a benefit.
Scalability Issues
As of today it is pretty scalable. We want to expand it out a bit so we came to the conference to get some additional information and we'll continue to use Hyperion moving forward.
Customer Service and Technical Support
The tech support end I don't directly deal with myself, we have someone else on our finance team who deals with those issues so I can't speak to that but as far as I know it's fine.
Other Advice
We don't know everything yet. We're happy with what we have. I think just have your requirements ready. Be as open as possible and open to new interfaces. It's a different view but it's very user friendly.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Sr. Consultant at a insurance company with 1,001-5,000 employees
The most valuable feature for us is that it's a tool that supports the entire planning and budgeting forecast for the whole company. We still have issues and bugs because it's a new release.
Valuable Features
In Hyperion, we use the Public Sector Planning and Budgeting module. The most valuable feature for us is that it's a tool that supports the entire planning and budgeting forecast for the whole company. We don't need to go outside of the product in order to perform our planning and budgeting.
Improvements to My Organization
We used to rely on Excel before we implemented Hyperion, and we don't have to do that anymore and rely on those spreadsheets. The tool does all our budgeting and forecasting without much manual work. It's now all automated, saving us both time and from many human errors.
Room for Improvement
We still have issues and bugs because it's a new release. I wouldn't call us guinea pigs, although we were one of the first implementors, but there are bugs that I wish they'd fix.
For example, some of the forms don't work properly and we have started a couple of SRs that they are working on it. But the timeline they've given us seems kind of slow, especially for a severity-one ticket.
Deployment Issues
We just upgraded from 11.1.2.2 to 11.1.2.4, which came with a huge change to include the ASO cube within planning itself. This was the best change for us. Previously, we had to create a separate app each time we needed an ASO cube. Now it sits within the planning cube so there are options that allow you to choose whether you want that app within or outside the planning solution. We actually implemented it as within the planning solution, so that it syncs two cubes by itself.
Stability Issues
It's stable and we have had no issues. It's actually more stable following the upgrade.
Scalability Issues
We've had no issues scaling it for our needs.
Customer Service and Technical Support
I wouldn't say I'm 100% satisfied. The worst part I hate about it, is that when we talk about one issue, sometimes that issue just comes up and their first question is, can you reproduce the issue? That's the first thing they ask you. Sometimes it is reproducible, but not all the time. I think that's what I hate about it.
Initial Setup
I was involved in the upgrade, and since we had 11.1.2.2, already it wasn't like we had to do everything from scratch. We had a baseline where we said, "Okay, this is what I want and from 11.1.2.4 this is what I'm expecting." It was a little tricky because it was a new feature and we had learn new stuff, but at least we didn't have to do it from scratch so it didn't make it that difficult.
Other Advice
I would definitely recommend Hyperion especially if they're doing it for their budgeting and forecasting tool. It's so easy compared to Excel or something similar. It's manual versus automated, and who doesn't like automated? I had times when I had to actually run the process myself at 12:00 at night, but now it's all automated.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Assistant Consultant at a tech services company with 10,001+ employees
In the most simplest way, it allows the availability of data to be predefined as well as customized based on user inputs and requirements.
What is most valuable?
Simplistic manner of availability, provided the input is source corrected.
How has it helped my organization?
In the most simplest way, the product allows the availability of data to be predefined as well as customized based on user inputs and requirements. While in the past, this was more complex leading to data integrity issues, it is now far more controlled in the new environment.
What needs improvement?
Improvements might relate to the integration of the visual aspect of the product. While this is more database reporting, integration with the BA module similar to PS would be very useful.
There is a scope for improvement in the governance of the product. Also, there is a growing need for the product to have a real time connectivity to other non-Oracle based ERP services to service the growing needs of the organization.
For how long have I used the solution?
I've used it for around five years.
What was my experience with deployment of the solution?
No issues to date.
What do I think about the stability of the solution?
No issues to date.
What do I think about the scalability of the solution?
No issues to date.
How are customer service and technical support?
Customer Service:
It's good.
Technical Support:It's good.
Which solution did I use previously and why did I switch?
No previous solution was used.
How was the initial setup?
It was slightly complex owing to the initial requirement gathering and defining the schema for the business process.
What about the implementation team?
We used a vendor team.
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Career Break at a pharma/biotech company with 1-10 employees
Though it has the ability to manage complex consolidation and modify reporting, it might be complex to implement
Pros and Cons
- "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 initial setup of Oracle Hyperion is very difficult."
What is our primary use case?
I use it for consolidation and business planning.
What is most valuable?
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. So, these are some of the features of the solution.
What needs improvement?
Evidently, we have a hypothesis. That's why we are building our own product. So, I wouldn't want to dive into the improvements needed in the solution at the moment. Since the UI is outdated, Oracle Hyperion has room for improvement in the area of its UI.
For how long have I used the solution?
Though I have not directly used the solution much, I have worked with a lot of companies that used Hyperion. So, I've probably had about four to five years of experience with Oracle Hyperion. Also, my company is in no way linked to Oracle.
How was the initial setup?
The initial setup of Oracle Hyperion is very difficult.
What other advice do I have?
I wouldn't suggest others use it since it is too complex to implement.
I rate the overall solution a six out of ten.
Which deployment model are you using for this solution?
On-premises
Disclosure: I am a real user, and this review is based on my own experience and opinions.
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Updated: December 2024
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