Oracle Hyperion (legacy) Professional, Scientific, and Technical Services Reviews & Insights

Score7.5 out of 10

240 Reviews and Ratings

Oracle Hyperion (legacy) Reviews

6 Reviews

Professional, Scientific, and Technical ServicesInformation Technology & Services4Management Consulting1Marketing & Advertising1

Oracle EPM is the complete package

Rating: 10 out of 10

Incentivized

March 10, 2022

Use Cases and Deployment Scope

we are using Oracle Oracle Hyperion Enterprise Performance Management for financial Close and Planning. We have merged with 6 other companies and needed a consolidated ledger. Financial Close offers that and our planning process is made easier across the divisions with Planning

Pros

Consolidation of multiple GLs in the Close process
Budgeting in multiple ways(zero based, driver based, strategic long term planning)
providing detailed task lists to help new planners be successful without a lot of training
ability to plan in web based forms or within the same form in excel

Cons

users most likely can not create a system themselves, it requires knowledgeable consultants to help get the most out of the system
Some users get frustrated because unlike excel based planning, there is structure and controls built in.

Likelihood to Recommend

Because it is a full suite of business processes, you can do most types of planning and financial close. It has processes for Financial, cash flow, Workforce, CapEx, project and strategic planning. It does not have anything for production planning

Glenn Schwartzberg

Analytics Practice Lead in Information Technology at interRel Consulting (Information Technology and Services, 51-200 employees)

Vetted Review

30 years of experience

Not an Oracle Financials Fan; Hyperion Rocks!

Rating: 7 out of 10

Incentivized

September 19, 2019

Use Cases and Deployment Scope

The Hyperion Enterprise Performance Management software is being used by the Finance Department. It particularly serves the company in financial reporting and data analysis for our finance directors and CFO. The Business Problems it addresses are gathering and summarizing information for multiple locations (domestic and foreign offices) to be used at headquarters.

Pros

It was easy to consolidate financial data from multiple domestic and foreign offices.
Training other colleagues in other offices for using the software was easy.
We could easily send the consolidated financial data to our C-suite executives and it looked really readable for them to understand the data.

Cons

If there are ways to transfer data into the Hyperion software from other software applications (MS Excel) that would be ideal.
It would be wonderful if data from Hyperion could be downloaded directly into an attachment which can be emailed to other financial colleagues.
It would be great to be able to toggle between various currencies to make it easier for financial staff to understand the impact that some management decisions would make.

Likelihood to Recommend

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.

Verified User

Employee in Finance and Accounting (Marketing and Advertising company, 501-1000 employees)

Vetted Review

3 years of experience

EPM Stack of Tools...Is it worth the money?

Rating: 10 out of 10

Incentivized

February 22, 2019

Use Cases and Deployment Scope

Hyperion, in general, is an enterprise application. Hence the Enterprise portion of the name Hyperion Enterprise Performance Management (EPM). It addresses multiple business problems as the toolset itself ranges from metadata management to consolidation close. Essbase and Planning are the most widely used applications from the EPM stack of tools. Essbase is a powerhouse of the tool giving you a multidimensional look at the data within the enterprise landscape.

Pros

It gives you the ability to look at your dataset in a multidimensional way.
You can create ad-hoc reporting using smart view on top of the Essbase cube.
It gives you the ability to manage multiple dimensions in one centralized place using DRM.
Simplifies the close process with HFM.

Cons

Interfacing with in its own tool sets. I believe that applications should seamlessly talk to one another.
Built-in validations that are commonly used should come with the applications.
Take away the templates that come with DRM. They are no good.

Likelihood to Recommend

There are way too many scenarios that EPM could well suited for. It's a suite of applications. You can do dang near anything you need.

Where is doesn't excel because it shouldn't is interfacing with ERP systems. This will always be an issue as the developers of the ERP systems are never in touch with the developers of EPM.

Verified User

Consultant in Information Technology (Information Technology and Services company, 1-10 employees)

Vetted Review

10 years of experience

A solid solution to deploy

Rating: 8 out of 10

Incentivized

April 6, 2018

Use Cases and Deployment Scope

The prime purpose for Oracle Hyperion was for data warehousing and company-wide ease for reporting information from multiple systems.

Pros

Integrates with other Oracle products.
Connects information well, so you can quickly and accurately model, plan and report.
From a functional standpoint, the product performs fairly well.

Cons

A high priced solution.
Timely integration process and deployment.
The overall implementation was okay, however, the post implementation support team needed more knowledge.

Likelihood to Recommend

This solution is capable of leveraging the reporting and analysis tool for different skilled levels while including comprehensive results and graphical analysis tool for organizations.

Verified User

Consultant in Human Resources (Management Consulting company, 5001-10,000 employees)

Vetted Review

5 years of experience

My Thoughts on Oracle Hyperion

Rating: 8 out of 10

Incentivized

July 1, 2016

Use Cases and Deployment Scope

Oracle Hyperion legacy version is pathetic but the new version is amazing. Toyota has the legacy version for their National Sales division and we had to migrate it all to SAP Business Objects. The new version is used for the finance team for finance and Reconciliation accounts and is an amazing tool for managing and reconciling the accounts.

Pros

Reconciliation of accounts
Finance data management

Cons

Reporting and analysis is not too good
Ability to sync with all different new databases and big databases should be improved

Likelihood to Recommend

Accounts and Finance team can blindly accept the tool to manage all their data well...

Verified User

Professional in Information Technology (Information Technology and Services company, 1001-5000 employees)

Vetted Review

4 years of experience

Value for Money Tool for Financial Management

Rating: 6 out of 10

Incentivized

May 9, 2016

Use Cases and Deployment Scope

Oracle Hyperion Enterprise Performance Management helps in making reporting very easy. Prior to using Hyperion the analyst or the key users were using Excel and other legacy applications to track financial data. To provide the high level summarized data out of the financial data available it used to take a good amount of time and this would lead to information delay. With Smart View in EPM the ad-hoc reporting provides this financial information with ease. This really helped the end users to maintain and provide the reporting information to the higher ups i.e. the executives with ease.

Pros

Oracle Hyperion EPM helps in handling complex financial calculations related to costing & aging with ease.
You can always write new rules for handling the data the way you need it. Consolidating data at various levels can be easily handed through EPM.
Smart View Integration with Excel, helps in providing the financial information to key users, who after data arrangement produce the same to management for decision making.

Cons

The interface for designing the report is not as easy for a layman. The system doesn't allow major changes in the report once it is built which is quite a problem with the suite.
Emailing reports is one drawback with many limitations. There is a limit of around 250 characters for the body of the email. Also there is a limit on the number of characters that are allowed in the to and cc boxes.
There is some need of specialized knowledge of the hyperion product for the end user to start working over it.

Likelihood to Recommend

Oracle Hyperion Enterprise Performance Management is able to handle most financial management deports like balance sheet, AP reports, AR reports, balance receivables reports, balance payable Reports, trial balance reports, and lot of other business critical reports. It also handles reports that involve complex computing with formulas that can be easily addressed using this tool. Emailing reports to the concerned person has some limitations.

Verified User

Consultant in Information Technology (Information Technology and Services company, 10,001+ employees)

Vetted Review

1 year of experience

Loading Reviews List....

Value for Money Tool for Financial Management

Rating: 6 out of 10

Incentivized

May 9, 2016

Use Cases and Deployment Scope

Pros

Oracle Hyperion EPM helps in handling complex financial calculations related to costing & aging with ease.
You can always write new rules for handling the data the way you need it. Consolidating data at various levels can be easily handed through EPM.
Smart View Integration with Excel, helps in providing the financial information to key users, who after data arrangement produce the same to management for decision making.

Cons

The interface for designing the report is not as easy for a layman. The system doesn't allow major changes in the report once it is built which is quite a problem with the suite.
Emailing reports is one drawback with many limitations. There is a limit of around 250 characters for the body of the email. Also there is a limit on the number of characters that are allowed in the to and cc boxes.
There is some need of specialized knowledge of the hyperion product for the end user to start working over it.

Likelihood to Recommend

Verified User

Consultant in Information Technology (Information Technology and Services company, 10,001+ employees)

Vetted Review

1 year of experience