Oracle Hyperion Review - why 4 stars?

Shlomi Lavi / updated: Mar 15, 2022

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What is Oracle Hyperion?

Oracle Hyperion is planning software designed to support planning, forecasting and budgeting needs of large companies, and facilitate them in evaluating the business and making relevant decisions. This is an enterprise level suit manufactured by Oracle Corporation, with rich functionality and integration with several essential Microsoft Office applications.

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Who is it best for?

Oracle Hyperion is best fitted for large companies with extensive planning needs. It includes numerous features and tools that support a smooth and efficient planning process. Oracle Hyperion supports the hierarchic order and is able to combine all relevant departments for planning purposes. Large enterprises can gain s comprehensive view of thweir business operations and ensure that they have proper financial plans.

Main features and functionalities

Oracle Hyperion can help your business in many ways: better planning in terms of budgeting and forecasting will help you make informed decisions that will impact your business growth significantly. You will be able to evaluate various company aspects pertaining to specific departments and align all plans with basic Microsoft Office tools. Change monitoring will clearly indicate the impact of particular changes on business and will help you eliminate critical risk factors.

What is the actual cost?

The cost of license starts at $9,995 per license. ITQlick pricing score is 4.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for Oracle Hyperion.

Pros

• Oracle Hyperion is integrated with Microsoft Office tools, which is an ideal planning solution
• Oracle Hyperion has been able to simplify the budgeting and forecasting process, which saves time for businesses
• Oracle Hyperion becomes crucial during transitional periods in the business
• Oracle Hyperion includes cloud data storage which allows you to access data from anywhere via the internet
• Oracle Hyperion is comprehensive and offers all essential management and administrative tools

Cons

• Oracle Hyperion depends on Essbase, which is quite limiting for planning functionalists
• Most of the reporting features require a separate architecture at additional cost
• Driver base modeling in Oracle Hyperion require another product which adds to the total cost.
• The recovery time in case of system failure is too long and at times fails completely.

How it stacks up?

Access a head to head analysis of Oracle Hyperion vs alternative software solutions.

Frequently Asked Questions (FAQs)