Adaptive Insights vs Oracle HFM comparison

Adaptive Insights

Read 18 Adaptive Insights reviews

698 Views
476 Comparison Views

100% willing to recommend

Oracle HFM

Read 14 Oracle HFM reviews

2,070 Views
1,456 Comparison Views

100% willing to recommend

Adaptive Insights

Oracle HFM

Comparison Buyer's Guide

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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: July 2024).

Buyer's Guide

Adaptive Insights vs. Oracle HFM

July 2024

Download the complete report

Helped 793,295 peers since 2012

Categories and Ranking

Adaptive Insights

Ranking in Business Performance Management

10th

Average Rating

8.4

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (2nd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (5th)

Oracle HFM

Ranking in Business Performance Management

7th

Average Rating

8.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of July 2024, in the Business Performance Management category, the mindshare of Adaptive Insights is 1.4%, down from 2.5% compared to the previous year. The mindshare of Oracle HFM is 12.9%, up from 7.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Unique Categories:

Financial Performance and Strategy Management

8.3%

Reporting

0.2%

No other categories found

Featured Reviews

Gregory Maxwell

Workday Financials & Adaptive Insights Project Manager at a media company with 1,001-5,000 employees

Sep 28, 2023

Easy to deploy product with a knowledgeable technical support team

Adaptive Insights allows us to create templates across different areas of the business. It helps develop a more unified work format throughout the company. All the team members can follow similar templates with the right details The product's most valuable feature is the ability to collect data…

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AhmedHaridy

Managing Director at Emkan

Oct 4, 2023

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

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

"It helps develop a more unified work format throughout the company."

"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."

"The integration with our payroll system to complete staff modeling during our budget and forecast processes."

"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."

"Automated reporting."

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."

"Forecasting changes that instantly flow through all financial statements."

More Adaptive Insights pros

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

"It is a very user-friendly software."

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

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

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

"The tool is stable."

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

Cons

"Users continue to become more advanced and are looking for more advanced solutions."

"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."

"Better user interface (UI)."

"Their customer support team is slow to respond and not extremely confident."

"The product's configuration process could be faster."

"Adaptive Insights could improve the data designer interface to make integrations easier 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."

"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."

More Adaptive Insights cons

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

"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."

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

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

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

"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."

Pricing and Cost Advice

"Ensure that you have the proper pricing plan in place."

"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."

"Everything is negotiable, but this solution is low cost compared to others."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"It's affordable."

"Adaptive Insights' pricing is reasonable."

"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."

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"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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793,295 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

16%

Financial Services Firm

10%

Legal Firm

Real Estate/Law Firm

Computer Software Company

12%

Financial Services Firm

11%

Manufacturing Company

11%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

Which product is better for FP&A: OneStream XF or Adaptive Insights?

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, forecas...

See all answers

What do you like most about Adaptive Insights?

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.

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What is your experience regarding pricing and costs for Adaptive Insights?

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 ...

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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 is a fairly expensive solution.

See all answers

What needs improvement with Oracle HFM?

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 com...

See all answers

Comparisons

Tableau vs Adaptive Insights

Compared 15% of the time

Microsoft Power BI vs Adaptive Insights

Compared 15% of the time

Anaplan vs Adaptive Insights

Compared 13% of the time

Planful vs Adaptive Insights

Compared 10% of the time

OneStream XF vs Adaptive Insights

Compared 8% of the time

More Adaptive Insights Competitors

Oracle Hyperion vs Oracle HFM

Compared 22% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 19% of the time

CCH Tagetik vs Oracle HFM

Compared 13% of the time

OneStream XF vs Oracle HFM

Compared 13% of the time

Workiva Wdesk vs Oracle HFM

Compared 2% of the time

More Oracle HFM Competitors

Product Reports

Buyer's Guide

Adaptive Insights

July 2024

Download Adaptive Insights product report

Buyer's Guide

Oracle HFM

July 2024

Download Oracle HFM product report

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

HFM

Learn More

Workday

Oracle

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

Buyer's Guide

Adaptive Insights vs. Oracle HFM

July 2024

Free Report: Adaptive Insights vs. Oracle HFM

Find out what your peers are saying about Adaptive Insights vs. Oracle HFM and other solutions. Updated: July 2024.

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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.