Oracle Hyperion Review

Shlomi Lavi / updated: Jul 16, 2020

What is Oracle Hyperion Used For?

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.

Average Rating -

The rating of Oracle Hyperion is 4 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

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.

Features

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.

Oracle Hyperion 5 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

Oracle Hyperion 2 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

Competitors & Alternatives

Some of the main competitors for Oracle Hyperion are IBM Cognos TMI and Prophix.

With IBM Cognos TMI companies get a solution focused on forecasting, budgeting & planning for enterprise requirements. It includes a collaboration platform to allow users to share information on the planning process to improve decision making. There is the option to model multiple budgeting scenarios to improve forecasting options, and the product supports profitability analysis with scorecards to track metrics with KPIs and dashboards.

Oracle Hyperion on the other hand provides addition support for workforce & capital asset planning, project financial planning as well as public sector planning & budgeting. It includes predictive planning based on historical analysis, workflow automation, as well as mobile device access for remote planning needs. The tool is fully integrated with Microsoft Office to improve business productivity and ensures real time updates of budget & planning reports whenever forecasts are revised.

Prophix provides planning solutions that cover cash flow & revenue, personnel & projects, as well as capital expenditure & strategic planning. This is integrated with budgeting & forecasting software which can provide profitability analysis support. Prophix also includes a collaboration platform to allow complex business modeling and supports integration to a variety of third party applications. In addition this software is linked to corporate performance management to improve operation & business processes.

Oracle Hyperion also supports collaborative planning & budgeting, as well as bi-directional integration with ERP systems. Additionally it can be deployed on premise, in the cloud or as a hybrid solution as required.

Oracle Hyperion Pricing Information

The cost of license starting from $9,995 per license. The experts at ITQlick has reviewed Oracle Hyperion pricing and gave the software a total cost of ownership (TCO) rating of 4.2 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching Oracle Hyperion in action

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Oracle Hyperion Categories

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Specifications

Company:	Oracle Corporation
Address:	Oracle Corp, Oracle Parkway, Redwood City, CA
Customers:	Medium business, Large business
Business Area:	Cross Business Areas
Platforms:	Desktop, Cloud
Operating Systems:	Mac OS, Windows, Linux

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Oracle Hyperion Features