Oracle Hyperion Planning

3.7
(19)

Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.

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Oracle Hyperion Planning Reviews

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Hyperion Planning review by Consultant
Consultant
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"Oracle Hyperion Planning with Essabse or Cloud"

What do you like best?

Web based tool for planning, budgeting and forecasting tool which has the features like single data store, allocations engine, analytically best in industry using Essabse and back-end DB. Powerful calculations can be performed. Can create an ASO cube in essbase which can be used for reporting for its fast response. Easily integrated with other tools.

With the PBCS, EPBCS versions, there is no dependency with infrastrcture, but having all the same capabilities as on-Prem hyperion planning.

What do you dislike?

Nothing specific for on-Prem, but the cloud version has some limitations compared to the on-Prem version which could be avoided for a better future.

Recommendations to others considering the product

The major decision these days comes whether to go to Cloud or on-Prem. It varies depending on the organization. However, I would recommend this product to anyone.

What business problems are you solving with the product? What benefits have you realized?

This has helped the users to plan and estimate the business in a better way. It replaced number of spreadsheet templates and there is a consistency with the data across all the users. Also, its powerful calculations capabilities and reporting features make this as top in industry.

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Hyperion Planning review by Amaris L.
Amaris L.
Validated Reviewer
Verified Current User
Review Source

"Not very customisable, and difficult to use"

What do you like best?

Hyperion Planning is useful, and the basic functionalities are easy to use. Forms are easy to build, and the same structure around dimensions is replicated across the webpage/Excel/Reporting studio, which makes it quite easy to build on once the basics are mastered. Smartview, the excel add-in, is really helpful to input larger amounts of data, or to pull through bigger reports.

What do you dislike?

There is very limited customability. I worked extensively with Financial Reporting Studio, which was incredibly restrictive, which meant I couldn't meet a lot of my clients' needs. For example, I couldn't even change the colour of the borders in the reports!

FRS could also be quite erratic. It frequently crashed, worked very slowly, or changes I made in FRS would not be reflected in the system. There were many instances where one minor change in one bit of the report messed up the entire report, and I'd have to redo it entirely.

There was a lot of functionality that was just lacking, and Oracle's customer support was quite poor. On one occasion, I raised a service request asking for a new function, only to find out the development team had been 'working' on it since 2003.

The interface is not always intuitive for users, so as part of the team implementing it, we often had to answer queries from confused parties (and were confused ourselves). For example, Hyperion Planning only works properly in IE (and sometimes there are issues with different versions of IE), and when the zoom is set to 100%. If it's not, then users might struggle to click on links.

Recommendations to others considering the product

Support provided from Oracle is quite poor.

What business problems are you solving with the product? What benefits have you realized?

The implementation was to help a big investment bank set up a retail branch in accordance with ringfencing regulations.

From a reporting perspective we moved the bank's reports from Excel -- which required slow manual retrieves -- to Hyperion Planning, so changes in the data were almost immediately reflected in the reports. This simplified the entire reporting process considerably.

What Corporate Performance Management (CPM) solution do you use?

Thanks for letting us know!
Hyperion Planning review by Administrator
Administrator
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Verified Current User
Review Source

"Hyperion Planning Review at University Of Chicago"

What do you like best?

The Tasks Lists in Planning are a great way to streamline an otherwise complicate set of workflows for our users. They are not the most knowledgeable in using the software and this gives them a reminder of the steps to follow when doing Budgeting and Forecasting.

What do you dislike?

Administration can be a bit difficult and Business Rules tend to run long even when optimize. For example, we have a rule that will write data from application to another using the XWRITE command. This command is known to be slow and for users to wait for the transfer can be up to 5-10 minutes which is a hindrance one us. That is just one example.

What business problems are you solving with the product? What benefits have you realized?

A single source of truth for budgeting and forecasting. Data is all in one place is the major benefit.

Hyperion Planning review by Samantha S.
Samantha S.
Validated Reviewer
Verified Current User
Review Source

"Very Useful While Often Under-Utilized"

What do you like best?

The most useful aspect of Hyperion is the ability to retrieve data from the system within offline excel files as long as you have the Smart View add-in enabled. The refresh is quick and the data is always clear to reconcile back to the total values input into the system. Our company uses the application to house our revenue and expense detail by client, by account, and by period. It is very easy for us to manipulate reports and excel files to retrieve data from Hyperion to suit our needs.

What do you dislike?

The main problem that I have had while using Hyperion is the difficulty of input into the system. While retrieving data from Hyperion is quick and simple, the actual upload into various schedules and memo templates can pose difficulties. For example, each month my company needs to upload re-phased projected revenue for each month. If client A had $100 in revenue booked previously, but now we realized that this will now need to be $0 - the system will not allow it. For some reason, if there was data entered previously for Client A, 0 cannot be accepted to re-submit - a value needs to be input. So we spend more time than we should each month typing in ".000000001" as an input for each month/client/account.

Recommendations to others considering the product

The system is very sustainable in itself. Once the detail is inputted into Hyperion, the retrieve functions of the system are readily available and usable. As my company has a very unique business/revenue model, we unfortunately are unable to take full advantage at this time of all the schedules that Hyperion has to offer. That being said, while my company is so unique we are very fortunate to have a system like Hyperion to be able to input and retrieve data so efficiently. Hyperion has various schedules and templates for all companies to take advantage of.

What business problems are you solving with the product? What benefits have you realized?

The business problem that has been solved by using Hyperion is the efficiency of pulling data from the system in a quick and concise fashion. Especially during busy work periods, it is very beneficial to the timing of deliverables to have a system with the ability to pull detail at the client and account level on hand. This is a large benefit of the system and such retrieve abilities helps with all forms of accounting, finance, and budgeting tasks at my company.

Hyperion Planning review by Steven R. M.
Steven R. M.
Validated Reviewer
Review Source

"Painful product to manage and use"

What do you like best?

Not much. This product is a beast. 5 physical servers all dedicated hardware. And Performance is never what expected.

What do you dislike?

Painful to install, painful to configure, painful price point, painful to migrate between prod and dev. If we did not have so much money invested in hardware and custom development it would have been scrapped years ago. Both Finance and It hate it. It inspired the password !H80rac!e!

Recommendations to others considering the product

I have heard this was an amazing product before Oracle bough it. Would have loved to see it during the glory days.

What business problems are you solving with the product? What benefits have you realized?

Budget

Financial reporting

Hyperion Planning review by Tiffany H.
Tiffany H.
Validated Reviewer
Verified Current User
Review Source

"Hyperion Planning - Critical for Financial Analyst"

What do you like best?

I use Hyperion Planning on a daily basis. I find this to be a critical tool for not only project management, but for financial analysis of large data sets.

What do you dislike?

The software is somewhat limited when trying to query multiple tables at once. I end up going back to SQL or Access at times for a quicker turnaround.

What business problems are you solving with the product? What benefits have you realized?

Analysis of large data sets is made simpler with the tool. This allows us faster and more accurate reporting to provide to our intended audience.

Hyperion Planning review by Andrew B.
Andrew B.
Validated Reviewer
Review Source

"Hyperion Planning - A Helpful Budgeting, Forecasting, and Reporting Tool"

What do you like best?

Hyperion Planning is a great model for planning and reporting because it provides a simple solution for finance teams to track their company’s key financial metrics. The Hyperion Planning forms offer easy data entry for financial analysts to input and track their budgets, forecasts, actuals, commitments, and any other scenarios the company may use. All Planning data is stored in a multi-dimensional database called Essbase. Planning also leverages a relational database that is used to load metadata into Planning. This comes in handy for other uses such as loading actuals from an ERP system.

One of the best advantages of Hyperion Planning is that it makes reporting very easy. I have seen many cases where analysts would use Excel spreadsheets to track all kinds of financial data, and it would take hours or days to create a report when it was requested by an executive. Smart View, the Excel-based add-in to Planning, removes this hassle. Smart View contains ad-hoc capabilities and allows users to quickly request data out of Planning. Users can generate all types of reports based on the data from Planning, such as sales, capital expenditures, or variance reports like Budget vs Actuals. If you take it a step further and use Hyperion Financial Reporting, you can create customized reports to deliver to users.

What do you dislike?

I would like to see performance enhancements in the next few versions of Hyperion Planning. Sometimes scrolling and searching through dimensions is slow, as well as rendering data forms. Oracle has said there are some improvements with the 11.1.2.4 version, but I have not used it in a business environment yet. A multi-dimensional database also has certain limitations when pulling metadata.

Recommendations to others considering the product

If your company is looking for an EPM tool with budgeting, forecasting, and simple reporting capabilities, I would recommend Hyperion Planning as your solution. Hyperion Planning/Essbase/Smart View are widely-useds across many business units in my organization. I would contact Oracle with questions about your specific business needs and schedule a Hyperion Planning demonstration to see if it is the appropriate planning and software.

What business problems are you solving with the product? What benefits have you realized?

The main problem that we are solving, which I touched on in the above section, is the fact that budgeting, forecasting, and reporting take large amounts of time and resources without the implementation of a planning and reporting software. Users are able to easily manage their company accounts, products, locations, and other data through the Planning tool. Forecast and budget versions are easy to save and use in reporting. Planning makes data entry, data management, and data analysis much simpler. Hyperion Planning can save a company significant amounts of cost, time, and resources.

Hyperion Planning review by Christopher G.
Christopher G.
Validated Reviewer
Review Source

"Hyperion experience in two different Fortune 500 FP&A organizations"

What do you like best?

Overall, the product's data entry and extraction tools are excellent. Like most systems, management and maintenance dictates its effectiveness. The organizations I worked for had excellent support and management for their Hyperion tools and they were very useful.

What do you dislike?

The UI/UX could be a lot more friendly, including the integration with excel. The web form wasn't optimized for all browsers and can run slow. The excel integration (Smartview) runs much faster speedwise, but the user interface is not as friendly. If you're an excel jockey, it takes some personal macros to reduce your keystrokes.

Recommendations to others considering the product

I believe you need a large organization to use this tool effectively. It takes a good team to manage implementation, maintenance, and upgrades outside of your user base.

What business problems are you solving with the product? What benefits have you realized?

I used the tool primarily for forecasting, budgeting, and reporting. It's incredibly beneficial for folks to collaborate across large organizations in building financial forecasts and budgets. Scenarios are easily managed, updates flow seamlessly, and data is easily able to be extracted.

Hyperion Planning review by Jeff D.
Jeff D.
Validated Reviewer
Review Source

"Best Enterprise Planning platform"

What do you like best?

The user interface is outstanding and has the awesome calculation capabilities of Hyperion Essbase behind it.

What do you dislike?

I really dislike how you can't click on multiple members in a hierarchy (siblings) at once and delete or move them -- it's one at a time.

Recommendations to others considering the product

Don't even fool around with other EPM applications, they're all inferior.

What business problems are you solving with the product? What benefits have you realized?

Corporate financial planning

Hyperion Planning review by User in Government Administration
User in Government Administration
Validated Reviewer
Review Source

"Oracle Hyperion Database"

What do you like best?

Hyperion is a great software to have to for international and domestic corporate companies that need to have accounts consolidated for financial reporting purposes. The software is highly used when there are intercompany accounts that need to be reported on the 10K and 10Q.

What do you dislike?

The software reports still need to be formatted and the parameters updated for intercompany reporting otherwise there is still some manual labor for manipulation.

What business problems are you solving with the product? What benefits have you realized?

The software is most utilized for international accounts being consolidated with domestic accounts to include consolidation for reporting purposes.

Hyperion Planning review by User
User
Validated Reviewer
Review Source

"User-friendly and functional financial planning system"

What do you like best?

Very easy to create, pull, and refresh large amounts of data for reporting/analysis purposes, generally user-friendly and member selection options are clear and simple

What do you dislike?

Need more detail surrounding specific user changes (e.g. timestamps/user ID's associated with certain changes), ability to quickly transform system data into presentations/exhibits is lacking

What business problems are you solving with the product? What benefits have you realized?

Currently using this to effectively provide financial reporting/analysis to our business department from an expense management perspective. Quick way to make changes to our budgets, view current standing against prior/current/future budgets, and search for detailed line-item information.

Hyperion Planning review by Shahbaz S.
Shahbaz S.
Validated Reviewer
Review Source

"Hyperion Planning"

What do you like best?

You can customize it based on your business needs. I co-led that effort at one of my previous employers, and it was a huge success.

What do you dislike?

What you input is what you get. Once move away from the Off-The-Shelf option, it requires significant investment. However, the human ROI (time savings to generate state-of-art-reports with a click of a button, etc.) is very positive.

Recommendations to others considering the product

Analyze the Pros and Cons when comparing to other products. Hyperion will come out ahead of the game as long as the right commitment is made. Be sure to design it at the worker-Bee level with a top management roll-up in mind. Your work bees will use it the most, so be sure to invest at the lowest possible level of detail that can roll-up to the highest level in management.

What business problems are you solving with the product? What benefits have you realized?

My internal clients wanted standardized budget reports, and fast. With the Hyperion Planning solution we were able to achieve that and more.

Hyperion Planning review by Joseph S.
Joseph S.
Validated Reviewer
Review Source

"Consolidation Tool "

What do you like best?

I have used this at my current job and my previous job. It's very easy to learn and very easy to use.

What do you dislike?

It's freezes up sometimes, and often I have to log out and log back in..

What business problems are you solving with the product? What benefits have you realized?

It helps us with our business and helps with our accounting and forecasting.

Hyperion Planning review by User in Financial Services
User in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Web tool not great, Excel tool finicky but helpful"

What do you like best?

The Excel tool allows you to see various intersegments at once

What do you dislike?

Web tool is slow and only allows one intersegment at once

What business problems are you solving with the product? What benefits have you realized?

Forecasting/Budgeting our expenses. We apply average rates and utilize the D&A capabilities

Hyperion Planning review by User in Information Technology and Services
User in Information Technology and Services
Validated Reviewer
Review Source

"Don’t waste your time"

What do you like best?

I do not like Hyperion at all. There are no pros to having this tool

What do you dislike?

There’s so much

It’s slow

Crashes a lot

No help from customer call center. I don’t know if they’re in the US

Does not work well if you are upgrading your computers operating systems

What business problems are you solving with the product? What benefits have you realized?

Data analysis and also pivot tables. It’s basic and outdated

Hyperion Planning review by User in Oil & Energy
User in Oil & Energy
Validated Reviewer
Review Source

"Good tool"

What do you like best?

I like the existence of a Dev environment to test data before loading it to Prod.

What do you dislike?

Data needs to be cleared before new data is reloaded over the same dimensions. That's an extra step.

What business problems are you solving with the product? What benefits have you realized?

Pulling external reporting data from HFM and converting it to a management reporting format in Planning.

Hyperion Planning review by Administrator in E-Learning
Administrator in E-Learning
Validated Reviewer
Review Source

"Great for tracking data"

What do you like best?

The organization and structure of the explore functions. The ease to change sorts and filters to find records

What do you dislike?

How easy it is to adjust records. And the permissions settings

What business problems are you solving with the product? What benefits have you realized?

We keep transcripts and records in hyperion for easy track and find. The benefits are endless

Hyperion Planning review by Todd W.
Todd W.
Validated Reviewer
Review Source

"Implemented Hyperion Planning at several leading research universities."

What do you like best?

Hyperion Planning provides the platform for businesses to significantly improve the efficiency and effectiveness of their budgeting and planning functions. Too often, large and complex businesses run budgets through a myriad of excel sheets whereas Hyperion Planning provides a tool to re-focus staff time on analysis and decision-making instead of consolidating last years budget and actual data into a spreadsheet.

Oracle has invested in Hyperion since it was acquired and this technology has a very solid footprint in number of clients and number of industries used.

What do you dislike?

Hyperion Planning requires detailed design and configurations at each customer which can cause an implementation timeline to be longer than desired. However, this does result in a customized solution to meet each business' specific needs.

Hyperion can also have challenges with large datasets. This challenges can be met with creative/custom solutions and performance tuning of software settings and hardware.

Recommendations to others considering the product

I recommend that each business have a good understanding of what is desired through a budget system implementation? What are desired outcomes? How do you want to reallocate time from manually building spreadsheets to analyzing budget and financial data? Do the resources in place today need training as the job responsibilities change?

Hyperion Planning review by User
User
Validated Reviewer
Review Source

"functionality"

What do you like best?

long range planning, capital reporting, scale

What do you dislike?

user interface and business rule wait time

What business problems are you solving with the product? What benefits have you realized?

able to budget short and long term expense and aggregate

Kate from G2 Crowd

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