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Oracle HFM Reviews

Vendor: Oracle
4.1 out of 5
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What is Oracle HFM?

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.
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Oracle HFM is the #5 ranked solution in top Business Performance Management solutions. PeerSpot users give Oracle HFM an average rating of 8.2 out of 10. Oracle HFM is most commonly compared to Anaplan: Oracle HFM vs Anaplan. Oracle HFM is popular among the large enterprise segment, accounting for 63% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a manufacturing company, accounting for 13% of all views.
Buyer's Guide
Oracle HFM
August 2025
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Oracle HFM mindshare

As of August 2025, the mindshare of Oracle HFM in the Business Performance Management category stands at 7.6%, down from 9.4% compared to the previous year, according to calculations based on PeerSpot user engagement data.
Business Performance Management Market Share Distribution
ProductMarket Share (%)
Oracle HFM7.6%
Anaplan13.1%
Oracle Hyperion9.8%
Other69.5%
Business Performance Management

PeerResearch reports based on Oracle HFM reviews

TypeTitleDate
CategoryBusiness Performance ManagementAug 29, 2025Download
ProductReviews, tips, and advice from real usersAug 29, 2025Download
ComparisonOracle HFM vs Oracle HyperionAug 29, 2025Download
ComparisonOracle HFM vs AnaplanAug 29, 2025Download
ComparisonOracle HFM vs Oracle Planning and Budgeting CloudAug 29, 2025Download
Suggested products
TitleRatingMindshareRecommending
Anaplan4.013.1%96%29 interviewsAdd to research
IBM Planning Analytics4.28.0%90%25 interviewsAdd to research
 
 
Key learnings from peers

Valuable Features

Oracle HFM excels in rapid data consolidation, multi-currency translations, and complex ownership calculations. Users value its flexibility in rule coding, versatile data access through its web interface and Microsoft Office tools, and efficient equity pickup module. Its built-in currency exchange and elimination features are crucial, and the platform supports consolidation from various data sources. Known for user-friendliness, it simplifies configuration and requires fewer resources for implementation, supporting multiple hierarchies and tax reporting.
  • "It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."
  • "The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
  • "The tool is stable."

Room for Improvement

Oracle HFM users highlight the need for an improved user interface and better integration with external systems. The interface lacks modern features like copy/paste and mobile support, and financial reporting is not user-friendly. Integration with systems like JD Edwards and SAP is challenging, with desires for automated data transfers. Support for batch processing in intercompany reporting and a more user-friendly cloud transition are sought. Users also want enhanced scripting automation and dashboard functionality.
  • "Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."
  • "In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
  • "The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."

Pricing

Oracle HFM operates on a named user licensing model with varying costs for HFM and Essbase planning. Pricing can be substantial, impacting large-scale organizations significantly. The solution is considered costly, determined by user numbers and potential Oracle discounts. Despite its expense, Oracle HFM promises regulatory compliance, reduces spreadsheet-related risks, and offers a satisfactory return on investment for enterprises with the budget to accommodate its pricing structure.
  • "Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."

Popular Use Cases

Organizations primarily utilize Oracle HFM as a consolidation tool for financial data. Deployed on-premises, typically on version 11.1.2.4, it helps in integrating financial statements across entities within a group. It facilitates uploading values and preparing comprehensive consolidated statements. As an ERP system, it aids in managing group-level financials. Companies often rely on partners for implementation and support to maximize its use.

Service and Support

Customer service and support for Oracle HFM receive mixed feedback, with ratings mostly between 7 and 9 out of 10. Though knowledgeable, accessing the right help can take time, and the support team sometimes lacks proactivity and customization expertise. Users appreciate available external resources like blogs and videos, but reliance on fewer support engineers and artificial intelligence affects response quality. Support is generally considered better than others, yet limited information sharing can frustrate customers.

Deployment

Many found Oracle HFM's initial setup straightforward, especially when adhering to instructions. Some noted complexities and required custom solutions for missing functionalities, leading to less flexibility. Installation could take minutes while deployment varied, typically three to eight months. It involves installing software, defining requirements, configuring the enterprise structure to align with ERP systems, and managing data loading. Some found it easy and quick, while others highlighted the need for specific expertise and resources.

Scalability

Oracle HFM is highly scalable for large companies, accommodating over 100 subsidiaries and global use without connectivity issues. Users highlight its successful implementation with minimal resources needed. Some find SuccessFactors offers better scalability. However, Harvard lists it as the most robust offering in the market, with unparalleled adaptation to growth and needs over time. Oracle HFM addresses infrastructure stability and scalability for major corporate environments, like FTSE 100 and Nasdaq, making it a preferred choice.

Stability

Oracle HFM is generally stable, though some users report occasional performance issues. Its advanced versions show improvement in this area. Stability is rated highly, provided minimal changes are made. Some limitations exist due to design constraints. Users find it user-friendly and reliable, suitable for sharing information with management. Oracle HFM effectively meets consolidation and regulatory reporting needs, consistently accessible and available, receiving a high stability rating.
These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.
Download our Oracle HFM Buyer's Guide for additional reliable information.

Review data by company size

By reviewers
Company SizeCount
Small Business3
Midsize Enterprise1
Large Enterprise9
By reviewers
By visitors reading reviews
Company SizeCount
Small Business77
Midsize Enterprise40
Large Enterprise197
By visitors reading reviews

Top industries

By visitors reading reviews
Manufacturing Company
13%
Financial Services Firm
11%
Computer Software Company
7%
Healthcare Company
6%
Retailer
5%
Government
4%
University
4%
Media Company
4%
Performing Arts
4%
Real Estate/Law Firm
3%
Energy/Utilities Company
3%
Legal Firm
3%
Wholesaler/Distributor
3%
Educational Organization
3%
Insurance Company
3%
Comms Service Provider
3%
Photography Company
3%
Non Profit
3%
Construction Company
2%
Transportation Company
2%
Logistics Company
2%
Pharma/Biotech Company
2%
Hospitality Company
1%
Engineering Company
1%
Recreational Facilities/Services Company
1%
Aerospace/Defense Firm
1%
Consumer Goods Company
1%
Outsourcing Company
1%

Compare Oracle HFM with alternative products

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Learn more about Oracle HFM

Oracle HFM was previously known as HFM.

Oracle HFM customers

B&B Hotels, Goldwind, Drake & Scull

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Product Categories

Product Categories
Business Performance Management

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Oracle HFM Reviews Summary
Author infoRatingReview Summary
Director at a photography company with 11-50 employees4.5We are an Oracle EPM partner implementing and supporting Oracle HFM, which excels in handling multiple hierarchies and tax reporting. Improvements are needed in modernizing interfaces, increasing automation, and enhancing third-party integration and reporting capabilities.
Managing Director at Emkan4.0I found Oracle HFM valuable for its flexibility and ease of configuration compared to SAP. Although transitioning to the cloud is complex and requires SQL knowledge, Oracle's ongoing improvements and extensions without extra licenses made it the better choice.
Senior Consultant at Velocity Technology Solutions4.0I use Oracle HFM as a financial consolidation tool to prepare group-level financials. It's user-friendly and allows global data consolidation. However, integrating with accounting software for real-time updates would enhance efficiency and save time.
Junior Financial Analyst at Coveris Inc.3.5We use Oracle HFM for financial data management, and while I'm not yet fully familiar with it, I find the solution user-friendly with a good dashboard. However, integration needs improvement as I had difficulty finding instructions.
Hyperion Suite Manager at a construction company with 10,001+ employees4.5No summary available
BI Analytics and Systems at a manufacturing company with 1,001-5,000 employees4.5No summary available
Hyperion Administrator at a mining and metals company with 10,001+ employees4.0No summary available
Divisional Director at a transportation company with 1,001-5,000 employees4.5Oracle HFM faces integration challenges; it requires a tool that simplifies data submission for consolidation, performance management, and reporting. Its need for improvement in these areas affects our overall experience with the solution.