Adaptive Insights vs Oracle HFM comparison

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742 views|510 comparisons
100% willing to recommend
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2,148 views|1,498 comparisons
100% willing to recommend
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Executive Summary

We performed a comparison between Adaptive Insights and Oracle HFM based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Adaptive Insights vs. Oracle HFM Report (Updated: May 2024).
772,017 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The biggest feature is the source of truth for all of our budget and forecast versions.""Automated reporting.""The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily.""Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed.""Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools.""It helps develop a more unified work format throughout the company.""It's very stable.""Forecasting changes that instantly flow through all financial statements."

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"The tool is stable.""It is a very user-friendly software.""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.""You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM.""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."

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Cons
"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that.""The product's configuration process could be faster.""Being able to drill down when using OfficeConnect needs work.""Their customer support team is slow to respond and not extremely confident.""We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time.""Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image.""The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up.""Discovery (the data visualization module): Needs to catch up with BI leaders, such as MS and Tableau. E.g., sorting by amounts in column charts and page slicers to control all visuals."

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"Integration is an area where it lacks and can be improved.""If there could be data integration between HFM and the accounting software that would be ideal.""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.""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.""The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."

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Pricing and Cost Advice
  • "Everything is negotiable, but this solution is low cost compared to others."
  • "Licensing seems to be worth the cost considering the efficiency Adaptive brings."
  • "Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
  • "Ensure that you have the proper pricing plan in place."
  • "Adaptive Insights' pricing is reasonable."
  • "Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."
  • "Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."
  • "It's affordable."
  • More Adaptive Insights 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."
  • More Oracle HFM Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:Here are some of the pros and cons of OneStream XF and Adaptive Insights for FP&A in the professional services industry OneStream XF Pros: Unified platform for FP&A, budgeting, forecasting,… more »
    Top Answer: It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.
    Top Answer:12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that… more »
    Top Answer:The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
    Top Answer:In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions. Also, the transition from on-premises to the cloud can be… more »
    Ranking
    Views
    742
    Comparisons
    510
    Reviews
    5
    Average Words per Review
    656
    Rating
    8.2
    Views
    2,148
    Comparisons
    1,498
    Reviews
    4
    Average Words per Review
    431
    Rating
    8.0
    Comparisons
    Also Known As
    Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning
    HFM
    Learn More
    Overview

    Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes. 

    With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

    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.
    Sample Customers
    1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday
    B&B Hotels, Goldwind, Drake & Scull
    Top Industries
    REVIEWERS
    Non Profit22%
    Mining And Metals Company11%
    Non Tech Company11%
    Financial Services Firm11%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm9%
    Insurance Company6%
    Legal Firm6%
    REVIEWERS
    Construction Company22%
    Manufacturing Company22%
    Financial Services Firm11%
    Non Tech Company11%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company11%
    Financial Services Firm10%
    Healthcare Company5%
    Company Size
    REVIEWERS
    Small Business24%
    Midsize Enterprise29%
    Large Enterprise48%
    VISITORS READING REVIEWS
    Small Business25%
    Midsize Enterprise17%
    Large Enterprise58%
    REVIEWERS
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business22%
    Midsize Enterprise12%
    Large Enterprise66%
    Buyer's Guide
    Adaptive Insights vs. Oracle HFM
    May 2024
    Find out what your peers are saying about Adaptive Insights vs. Oracle HFM and other solutions. Updated: May 2024.
    772,017 professionals have used our research since 2012.

    Adaptive Insights is ranked 10th in Business Performance Management with 18 reviews while Oracle HFM is ranked 7th in Business Performance Management with 14 reviews. Adaptive Insights is rated 8.4, while Oracle HFM is rated 8.0. The top reviewer of Adaptive Insights writes "Facilitates leveraging the query reporting engine and modeling engine into Excel spreadsheets but there is room for improvement in terms of performance ". On the other hand, the top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". Adaptive Insights is most compared with Microsoft Power BI, Tableau, Anaplan, SAP Business Planning and Consolidation and OneStream XF, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, CCH Tagetik and Workiva Wdesk. See our Adaptive Insights vs. Oracle HFM report.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.