Oracle Hyperion Review - why 4 stars?

Oracle Hyperion Review
ITQlick Score: 91/100
ITQlick Rating: (4/5)
Pricing: 4.2/10 - average cost
Category: Business performance management -> Oracle Hyperion
Ranking:Ranked 1 out of 46 Business performance management systems
Company: Oracle Corporation
Pricing: starts at $9,995 per license
Typical customers: Medium and large size businesses
Platforms: Desktop, Cloud
Links: Oracle Hyperion pricing, Oracle Hyperion alternatives
Shlomi LaviShlomi Lavi / updated: May 05, 2021

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. Learn more by reading our advertiser disclosure.

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.

What is Oracle Hyperion rating? ()

The rating of Oracle Hyperion is 4 stars out of 5 and the total score is 91 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Oracle Hyperion's 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.

Is Oracle Hyperion the best Business performance management?

Oracle Hyperion is ranked 1 out of 46 software in their category (Business performance management systems).

What are their 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 are Oracle Hyperion's pros? (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

What are Oracle Hyperion's cons? (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

Who are their main 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.

What is the cost of Oracle Hyperion?

The cost of license starts at $9,995 per license. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 4.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Oracle Hyperion

What should you ask Oracle Corporation during a demo session? (65 questions)

Schedule a demo with Oracle Hyperion and access 65 must ask questions for the vendor while watching Oracle Hyperion in action.

Oracle Hyperion's list of categories:

Budgeting & CPM
Business Intelligence
Business performance management

Oracle Hyperion's list of 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

Oracle Hyperion Vs. Alternatives

ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Oracle
ITQlick rating
4/5
Score
91/100
Pricing
4.2/10
License pricing
$9,995 per license
Functionality
14
Review
Compare
Anaplan
ITQlick rating
4.4/5
Score
89/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
24
Budget
ITQlick rating
4/5
Score
87/100
Pricing
6.4/10
License pricing
$10,000 per year
Functionality
29
Review
Infor
ITQlick rating
4/5
Score
86/100
Pricing
2.6/10
License pricing
$150 per user/month
Functionality
38
Review
IBM
ITQlick rating
4.2/5
Score
86/100
Pricing
2.2/10
License pricing
$45 per month
Functionality
5
Review
Author

Shlomi Lavi

Website Linkedin Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.