Budgeting, Forecasting, Reporting and Modelling IDU supports business agility through real-time, accurate, inclusive budgeting, forecasting and reporting. IDU’s budgeting, forecasting and reporting tools are designed for both financial and non-financial managers to use and understand. The solution is presented through a web-based platform, offering real-time aggregation and consolidation of budget values, with point and click reporting. IDU…
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Oracle Hyperion (legacy)
Score 7.5 out of 10
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Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
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Pricing
IDU-Concept
Oracle Hyperion (legacy)
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IDU-Concept
Oracle Hyperion (legacy)
Free Trial
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No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
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Entry-level Setup Fee
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Community Pulse
IDU-Concept
Oracle Hyperion (legacy)
Features
IDU-Concept
Oracle Hyperion (legacy)
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IDU-Concept
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Ratings
Oracle Hyperion (legacy)
10.0
Ratings
7% above category average
Long-term financial planning
00 Ratings
10.00 Ratings
Financial budgeting
00 Ratings
10.00 Ratings
Forecasting
00 Ratings
10.00 Ratings
Scenario modeling
00 Ratings
10.00 Ratings
Management reporting
00 Ratings
10.00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Income Statements per cost centre (actual vs budget) that has been mapped to meet my business requirements. The ability to drill-down to the GL level in each cost centre when reviewing Income Statements. The ability to group Income Statements per region for ease of reporting. The Budget module that offers flexibility and automatic calculations based on inputs make budgeting easier.
Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement. Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
HFM is very powerful for financial consolidations .
Hyperion Planning is used to project accurate planning and thus provide the benefit to organization to do allocations and driver based planning so that it can justify the numbers based on headcount, number of stops & Revenue and thus provide valuable projections and thus help reduce the expenses.
Essbase is powerful engine helps provide analytical adhoc reporting for financial users . Performance of reporting and ease of use helps excellent customers experience when doing adhoc analysis.
Oracle Hyperion requires a lot of knowledge and expertise to be successful.
The underlying infrastructure of Oracle Hyperion is complex and can be difficult to implement.
Some of the Oracle Hyperion application servers only run on Windows. Windows can sometimes be unstable.
Oracle Hyperion application server processes are dependent on each other and need to be started in a specific order. Therefore, if certain services die on one server, it could require all services/processes in the entire Hyperion landscape to be restarted in the correct order.
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
The reason for my rating is mainly due to the fact that the super user administering the layout, mapping, groupings, period control and period displayed (actual vs budget) needs to be fairly certain of what they are doing in order to make the changes in the admin module. They also need to be confident of the effect of the changes made to display correctly on the client module. Regarding usability on the client module, its very easy to use and understand once you play around the layouts etc.
The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
Hyperion is easy to implement and maintain, low cost of ownership is also a great reason to select this product. Oracle's investment to keep the product innovations and improvements over the years is well appreciated by the users. The ease of managing integration with different business systems is also considered while selecting this product.
We had to get the planning application designed correctly before we got a good ROI, but once we did it became well liked and highly utilized.
It has had a very positive overall impact on increasing finance literacy across campus, allowing units a better insight into their revenues and expenses and the overall planning process.
It has been an essential tool during a time where the campus needed to reduce it's budget by over 100 million dollars annually. Without this product, we would not have a way to identify, track and report on our progress reducing the budget.
