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Anaplan vs Oracle HFM comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.2
Reviews Sentiment
6.5
Number of Reviews
35
Ranking in other categories
Production Planning (3rd), Predictive Analytics (3rd)
Oracle HFM
Ranking in Business Performance Management
9th
Average Rating
8.0
Reviews Sentiment
6.3
Number of Reviews
17
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of May 2026, in the Business Performance Management category, the mindshare of Anaplan is 6.8%, down from 14.5% compared to the previous year. The mindshare of Oracle HFM is 3.6%, down from 7.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management Mindshare Distribution
ProductMindshare (%)
Anaplan6.8%
Oracle HFM3.6%
Other89.6%
Business Performance Management
 

Featured Reviews

Segun Oladele - PeerSpot reviewer
Associate Manager, Accounting at BIC
Reporting and forecasting have become more automated through intuitive data organization and flexible number calendarization
I do not have any improvements from my own end at this time.There are some specific features or functionality that I would like to see included in Anaplan in the future. From what we have been using, I do not think there is any specific one because we import and export numbers. Importing and exporting with CSV files is already available in Anaplan. I do not have any special requests from Anaplan. I still decided to give Anaplan an eight because I have not seen a specific dashboard on Anaplan. Anaplan could have a dashboard where you can see the flow of your numbers displayed on pictorials rather than just saying this is the number. Simple dashboards should be implemented.
Segun Oladele - PeerSpot reviewer
Associate Manager, Accounting at BIC
Has supported financial consolidation through accurate reporting and global currency conversion
Oracle HFM is excellent for consolidation and reconciliation. It helps me see the general overview of the business across several locations. The drill-through reporting enhances accuracy in financial analysis. Oracle HFM has a schedule that requires reporting, especially one that ties back to my general ledger. I have to report each line item that comprises that number. It helps me fact-check reported numbers with a schedule. For example, with payables, Oracle HFM allows me to have a list of numbers reported per supplier. This provides comfort that the numbers are not fictitious. Additionally, it has a feature that performs fact-checking from P&L to balance sheet. For instance, if depreciation is reported, it must align with what is in the profit or loss account. These features ensure integrity in the reported numbers and allow for quick error detection while serving as a reconciliation tool. The currency conversion feature provides a global view from entity currency to local currency perspective, enabling value checks in different currencies for the company as a whole. In Nigeria, I report in Naira, and I don't need to report in my parent currency. The entity can report in their currency into Oracle HFM, and the parent company converts to their currency. By inputting budget rates, I can convert to any reporting currency, particularly the parent company currency. This feature saves time, increases speed, and allows the parent company to value its subsidiaries quickly. Regarding data integration capabilities for ensuring data consistency and accuracy, it deserves a high rating. For example, with inventory, if there is an impairment, the reported amount in P&L should match the balance sheet's inventory impairment. This level of checking provides confidence in the accuracy of reported figures.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"It has supported a global process change to sales forecasting and created a single method for this."
"The features that I have found most valuable are that it is web-based and easy to use."
"The best thing is that it's very intuitive and user-friendly. You don't need coding skills to manipulate the platform."
"Anaplan, being a cloud-based platform, allows customers to adapt easily; it is easier to enter data, load data, and develop reports compared to Hyperion."
"Anaplan has helped to adapt to market changes, and its scenario planning feature is used for forecasting, with integration capabilities that streamline data consolidation across JD Edwards, Power BI, and HFM through a wonderful and simple interface."
"Technical support has been good."
"During our training in Anaplan, there was one quote saying, "almost everything can be built in Anaplan"."
"Because of that flexibility and ability to build models in the way you want to build it, it means you can tailor it to the company's requirements."
"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."
"Decreased time spent on the preparation of main financial statements and cross checking data."
"Stability-wise, I rate the solution a ten out of ten."
"The tool is stable."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"It is a very user-friendly software."
 

Cons

"I would like to see more flexible graphs; more varieties of graphs, more customization (like choosing colors, gradients, etc.) and more conditional formatting options."
"Anaplan could enhance its user interface by including a more user-friendly API."
"When there is a lot of data, it sometimes takes long to load."
"Anaplan lacks a native ETL tool, making it challenging to integrate numerous flat files."
"The integration technique should be a little bit easier."
"Anaplan's workflow component is probably the biggest area for improvement. I'd also like to see Anaplan add an ad hoc reporting tool that allows users to query things."
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us."
"One area of improvement is conditional formatting. It's not very practical, and you need to specify additional formatting."
"Format of tables Links between pages could be more efficient"
"Integration is an area where it lacks and can be improved."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"If there could be data integration between HFM and the accounting software that would be ideal."
"In my first experience with Oracle HFM, navigating to input numbers was cumbersome."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"In my first experience with Oracle HFM, navigating to input numbers was cumbersome."
"The tool almost feels a little disconnected from some of the other tools, so you have to piece together multiple tools into one solution."
 

Pricing and Cost Advice

"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
"The price of the solution is expensive."
"This is an expensive product and if the price were reduced then it would attract more customers."
"The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
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Top Industries

By visitors reading reviews
Financial Services Firm
12%
Manufacturing Company
9%
Computer Software Company
9%
Insurance Company
6%
Manufacturing Company
13%
Financial Services Firm
10%
Computer Software Company
5%
Retailer
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business10
Midsize Enterprise5
Large Enterprise17
By reviewers
Company SizeCount
Small Business3
Midsize Enterprise2
Large Enterprise11
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
What is your experience regarding pricing and costs for Oracle HFM?
It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a ...
What needs improvement with Oracle HFM?
Oracle HFM could be improved or enhanced in handling metadata or the dimensionality. I currently handle updates in the dimension hierarchies and properties manually. There is a way for it to be cen...
What is your primary use case for Oracle HFM?
The usual use cases for Oracle HFM that I support are for financial institutions, crewing for ships, and an Australian airlines company. They use the application mainly for management reporting pur...
 

Comparisons

 

Also Known As

No data available
HFM
 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
B&B Hotels, Goldwind, Drake & Scull
Find out what your peers are saying about Anaplan vs. Oracle HFM and other solutions. Updated: April 2026.
893,221 professionals have used our research since 2012.