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Oracle HFM vs SAP BusinessObjects EPM [EOL] comparison

 

Comparison Buyer's Guide

Executive Summary

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

Oracle HFM
Average Rating
8.0
Reviews Sentiment
6.3
Number of Reviews
17
Ranking in other categories
Business Performance Management (9th)
SAP BusinessObjects EPM [EOL]
Average Rating
8.4
Number of Reviews
3
Ranking in other categories
No ranking in other categories
 

Featured Reviews

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.
it_user746664 - PeerSpot reviewer
usiness Intelligence and Data ?arehouse Section Head & Pre-sales
It's very user-friendly and very rich in graphical analytics
* I noticed many improvement in SAP BusinessObject Functionality. Comparing it to the older releases of BO and always using one data source for analytics. One database or one data source only, but other releases have improved, adding new features for building the analytics. It builds on multiple data sources, not only one. * I found that Business Objects enriches their solution by adding more graphs and more report styles. The look and the feel has many improved features. * There are some functions added to the solutions to add more functionality to the product to enable the customer to do forecasting. For example, based on the circuit data, new functions for forecasting are included. So, this is a very powerful feature.

Quotes from Members

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

Pros

"There are measurable benefits from using Oracle HFM as it reduces manpower and eliminates work duplication."
"Decreased time spent on the preparation of main financial statements and cross checking data."
"Oracle HFM is the most scalable solution in the market."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The equity pickup module not only looks at who owns who and at what percentage, it also looks at the relationships and determines the correct order of execution, including any mid level consolidations or currency translations needed."
"HFM is a very successful consolidation tool in the market since it provides an excellent and easy to use interface and the technology behind is very powerful which helps the business to perform the consolidation activities end to end."
"The data consolidation engine is outstanding in terms of speed and functionality."
"Oracle HFM's drill-through reporting has enhanced my customers' financial analysis significantly, allowing users to drill down to the base level in each of the dimensions and even further using Smart View for very granular level of general ledger cost centers, making the whole process more effective for their targets and deadlines."
"The key return has been the ability to connect from anywhere to a cloud-based platform, which has minimized the need to always be office-bound instead of spending time with our clients."
"It's very user-friendly, easy for development, and faster learning, so when I implement solutions using BusinessObjects, I found the user adapts with the solution very fast rather than other tools."
"Well I would like to think, and I believe it is the case, that every client that I’ve assisted with implementing BPC, has better control and more efficient/faster turnaround time with planning and budgeting."
 

Cons

"In my first experience with Oracle HFM, navigating to input numbers was cumbersome."
"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."
"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."
"The module is not very appealing to technical users (not a lot of code, simple screen, etc.) but the process is a huge lifesaver for the accountants in the organization."
"Format of tables Links between pages could be more efficient"
"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 initial building of HFM is not a cake walk."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The key one for us is to improve the ability to run BusinessObjects on earlier versions of Windows that are still being supported by Microsoft."
"Add more functionality compared to Hyperion Essbase."
"There is actually quite a few issues with Excel. Normal Microsoft issues popping up where BPC and Excel are maybe not compatible, and there are cases where the size and speed causes Excel to crash."
 

Pricing and Cost Advice

"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
Manufacturing Company
13%
Financial Services Firm
10%
Construction Company
10%
Retailer
5%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business3
Midsize Enterprise2
Large Enterprise11
No data available
 

Questions from the Community

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...
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Comparisons

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Also Known As

HFM
BusinessObjects Enterprise Performance Management (EPM)
 

Overview

 

Sample Customers

B&B Hotels, Goldwind, Drake & Scull
Ego Pharmaceuticals Pty. Ltd, Kennametal Inc., University of Kentucky, Lenovo, Molson Coors Brewing Company, KEEN Footwear, Florida Crystals Corporation
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