Oracle HFM Reviews

Name: Oracle HFM
Brand: Oracle
Rating: 4 (14 reviews)

4.0 out of 5

14 reviews
100% willing to recommend

562 followers

What is Oracle HFM?UNIXBusinessApplication
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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 #7 ranked solution in top Business Performance Management solutions. PeerSpot users give Oracle HFM an average rating of 8.0 out of 10. Oracle HFM is most commonly compared to Microsoft Power BI: Oracle HFM vs Microsoft Power BI. Oracle HFM is popular among the large enterprise segment, accounting for 66% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a computer software company, accounting for 13% of all views.

Helped 769,334 peers since 2012

Featured reviews

AhmedHaridy

Managing Director at Emkan

Oct 4, 2023

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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Mahdi Mohaddes

Junior Financial Analyst at Coveris Inc.

Jun 12, 2023

We use the solution in our organization for financial data I can't discuss the strong points of the solution right now because I'm not really familiar with the product. But maybe in a month, I can tell you. However, I can say that it's user-friendly, and the dashboard is good, so it's easy to…

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Michelle Gerberman

Hyperion Suite Manager at a construction company with 10,001+ employees

Jan 27, 2022

Oracle HFM (Hyperion Financial Management) is really good with currency exchange. It has a built-in feature for currency exchange. It also has an elimination feature. These are the features I found most valuable in this solution There are areas that could be improved in Oracle HFM. One is for…

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Oracle HFM market share

As of April 2024, the market share of Oracle HFM in the Business Performance Management category stands at 7.7%, marking a decrease of 2.2% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Business Performance Management

Key learnings from peers

Valuable Features

"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The tool is stable."
"Stability-wise, I rate the solution a ten out of ten."

Room for Improvement

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