Board vs Oracle HFM comparison

Board International and Oracle are both solutions in the Business Performance Management category. Board International is ranked #10 with an average rating of 8.0, while Oracle is ranked #7 with an average rating of 8.3. Board International holds a 6.9% mindshare in BPM, compared to Oracle’s 8.2% mindshare. Additionally, 94% of Board International users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

Board

Read 37 Board reviews

1,117 Views
773 Comparison Views

94% willing to recommend

Oracle HFM

Read 15 Oracle HFM reviews

1,604 Views
1,139 Comparison Views

100% willing to recommend

Board

Oracle HFM

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Executive SummaryUpdated on Dec 19, 2024

Board and Oracle HFM are financial software solutions, each having its strengths. Board excels in pricing and support, while Oracle HFM justifies its cost with robust features.

Features: Board offers integration and customizable dashboards, flexibility for varied business needs, and allows multidimensional analysis and data normalization from different sources. Oracle HFM provides extensive financial management and compliance capabilities, supports multi-currency translations, and handles complex ownership calculations.

Room for Improvement: Board could improve in handling complex consolidations, standardizing currency exchanges, and enhancing user interface customization. Oracle HFM would benefit from a more straightforward deployment process, streamlined integration with non-Oracle systems, and additional flexibility in configuration settings.

Ease of Deployment and Customer Service: Board provides a quicker deployment process with excellent support, making it ideal for faster implementations. Oracle HFM requires more time for setup due to its complex functionalities but offers strong customer service for guidance through the process.

Pricing and ROI: Board is more cost-effective, offering enhanced ROI through affordability and efficient performance. Oracle HFM, although initially more expensive, offers long-term value for organizations that need advanced financial management capabilities.

To learn more, read our detailed Board vs. Oracle HFM Report (Updated: April 2025).

Buyer's Guide

Board vs. Oracle HFM

April 2025

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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

Board

Ranking in Business Performance Management

10th

Average Rating

8.6

Reviews Sentiment

7.1

Number of Reviews

Ranking in other categories

BI (Business Intelligence) Tools (22nd), Reporting (19th)

Oracle HFM

Ranking in Business Performance Management

7th

Average Rating

8.2

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of May 2025, in the Business Performance Management category, the mindshare of Board is 6.9%, up from 5.6% compared to the previous year. The mindshare of Oracle HFM is 8.2%, down from 9.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Wiboon Thabsuwan

Senior Consultant at IMD Company Limited

Easy to use and requires less time to learn or understand its features

I think the product is good in terms of ease of use. The interface looks really nice and very easy to use. Every command appears in the icon. It looks like you don't have to understand everything about the command. You do not necessarily have to know more, or I would say that there is less time for our study about the products. Functionality-wise, it is quite easy to use and requires less time to understand or learn about the product. I am a software vendor, so I do not use the tool myself. I use it for my clients. My clients mostly use it for budgeting and timing purposes. I would say that's really less maintenance at all because they can do everything by themselves. It is good in terms of ease of use.

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AhmedHaridy

Managing Director at Emkan

Offers flexibility and ease of configuration

The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

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Quotes from Members

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

Pros

"I liked the way that I felt as a user and administrator of it. There were a lot of clicks, drops, drags, etc. versus writing code."

"My favourite feature of BOARD is the ability to write back to the OLAP DB, as well as the Rdb, and secure user data allowing databases to be flushed and rebuilt daily."

"The most valuable features are the reporting and the charts. The reporting functionality is handy for aggregation, when it comes to planning. That ability is fascinating and our users are very happy with it. The charts and the reporting allow our users to see all the data and to see how things are going this year or in the COVID situation. They're seeing everything. Instead of having to check data line by line, they're seeing it in a graph and they're seeing it in charts."

"Where it used to take me three days at the beginning of the year to create the new financial statement, now it is a matter of minutes because all the data is in the system."

"All the reports are prepared automatically."

"With the combination of 24/7 global support and their community, there was great customer service, tech support, and community support."

"The ability to create a data model and have it in testing within a week is fantastic."

"It is very easy to use. It has got what they call a toolkit, which is a no-code development environment. You can develop a whole solution with it because it is a complete platform. There is a lot of online material that can be used as a reference. You can help yourself while developing a solution. There are some prebuilt applications in the platform environment. You can very easily customize and integrate these applications. It also has flexible scaling of machine resources, which is really great."

More Board pros

"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."

"It is a very user-friendly software."

"The tool is stable."

"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."

"Stability-wise, I rate the solution a ten out of ten."

"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."

"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."

"The most valuable features are around consolidations, eliminations, conversions."

Cons

"We are looking for ways to distinguish zeros versus nulls in BOARD."

"The one thing that I think we would like to see in terms of improvement of the application is the ability to print. It's fantastic to have all of these graphic visualization of data, but we're not able to very easily just print... From my perspective, if you can have a little "print" button and then you just click it and it would produce what's on the screen, that would be very helpful."

"If we could upload other data, e.g., pivot tables which can be done in BOARD already, that we have pre-existing and have that data distribute to more complex spreadsheets, I would like that going forward."

"It needs more export to Excel functionality. Right now, we're having to build within the cloud-based platform, as well as build within the Excel add-in, because the export to Excel is somewhat ugly."

"One of the things that I would like to see is the ability to have a rule directly referenced on the cubes."

"I would like an eLearning platform for BOARD."

"I would like to see a better Web client, where the controls work the same way as in the Windows client. I do think that the focus is now on the Web, so it should be improved upon."

"I would like to see better relationships with the partners."

More Board cons

"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."

"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."

"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."

"Integration is an area where it lacks and can be improved."

"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."

"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."

"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."

"If there could be data integration between HFM and the accounting software that would be ideal."

Pricing and Cost Advice

"The tool's price is a bit high compared to other solutions."

"Find a partner who will take responsibility for the implementation, and be available for support."

"The solution is quite expensive, if it is made cheaper then we can have more clients. I rate it four out of ten."

"In terms of the pricing, it was reasonable. BOARD is not the lowest in the market, but it was reasonable for us."

"It is not the cheapest product on earth, but you get so much. It provides good value for money."

"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%

Computer Software Company

12%

Manufacturing Company

Insurance Company

Financial Services Firm

12%

Manufacturing Company

11%

Computer Software Company

11%

Retailer

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

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...

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What do you like most about Board?

All the reports are prepared automatically.

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What needs improvement with Board?

Board's integration could be a bit more robust, but what we have works. If the design isn't right, the flexibility of Board can negatively impact performance.

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What do you like most about Oracle HFM?

The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.

See all answers

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 ...

See all answers

What needs improvement with Oracle HFM?

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.

See all answers

Comparisons

Anaplan vs Board

Compared 30% of the time

Pigment vs Board

Compared 14% of the time

Microsoft Power BI vs Board

Compared 10% of the time

SAP Analytics Cloud vs Board

Compared 9% of the time

Oracle Hyperion vs Board

Compared 8% of the time

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Oracle Hyperion vs Oracle HFM

Compared 28% of the time

CCH Tagetik vs Oracle HFM

Compared 23% of the time

Microsoft Power BI vs Oracle HFM

Compared 11% of the time

OneStream XF vs Oracle HFM

Compared 10% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 8% of the time

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Product Reports

Buyer's Guide

Board

May 2025

Download Board product report

Buyer's Guide

Oracle HFM

May 2025

Download Oracle HFM product report

Also Known As

No data available

HFM

Overview

BOARD International - headquartered in Switzerland - is a leading global provider of software for improving business results through better decision making. By unifying Business Intelligence and Corporate Performance Management into a single product, BOARD enables companies to achieve a shared vision of their performance across the entire organization, and thus a single version of the truth.

BOARD provides seamless solutions for • Reporting & Analysis • Budgeting, Planning & Forecasting • Profitability Modelling & Optimization • Simulation & What-if-Analysis • Scorecarding & Strategy Management • Financial Consolidation. Based on visual modelling, BOARD has enabled global companies to deploy BI and CPM applications without a single line of code in a fraction of the time and cost associated with traditional solutions.

Board International

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.

Oracle

Sample Customers

Coca-Cola, Puma, Desigual, Ricoh, KPMG, H&M, Groupe SEB

B&B Hotels, Goldwind, Drake & Scull

Buyer's Guide

Board vs. Oracle HFM

April 2025

Free Report: Board vs. Oracle HFM

Find out what your peers are saying about Board vs. Oracle HFM and other solutions. Updated: April 2025.

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