What is Oracle Hyperion? Updated: Mar 28, 2019
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.
Oracle Hyperion Average Rating -
The rating of Oracle Hyperion is 4 stars. The rating is based on ITQlick expert review
Oracle Hyperion 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.
Oracle Hyperion 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
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 offers various packages and plans. A price quote can be received from the vendor site.
25 questions to ask the vendor on Oracle Hyperion demo
Oracle Hyperion Categories
Budgeting & Forecasting
BI
Business performance management
Specifications
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Company:
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Oracle Corporation
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Address:
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Oracle Corp, Oracle Parkway, Redwood City, CA
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Customers:
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Medium business, Large business
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Business Area:
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Cross Business Areas
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Platforms:
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Desktop, Cloud
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Operating Systems:
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Oracle Hyperion Features
Ad-Hoc Analysis
Ad-Hoc Reporting
Dashboarding
Forecasting & Budgeting
Performance Measurements
Data visualization
Data warehouses
Enterprise Performance Management
Strategic Enterprise Management
For Service Organisations
Production budget
