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Board vs Oracle HFM comparison

Why PeerSpot?
 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

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
7th
Average Rating
8.6
Reviews Sentiment
7.1
Number of Reviews
37
Ranking in other categories
BI (Business Intelligence) Tools (21st), Reporting (17th)
Oracle HFM
Ranking in Business Performance Management
6th
Average Rating
8.0
Reviews Sentiment
6.3
Number of Reviews
17
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2026, in the Business Performance Management category, the mindshare of Board is 4.6%, down from 5.0% compared to the previous year. The mindshare of Oracle HFM is 3.7%, down from 5.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management Mindshare Distribution
ProductMindshare (%)
Oracle HFM3.7%
Board4.6%
Other91.7%
Business Performance Management
 

Featured Reviews

reviewer2645016 - PeerSpot reviewer
Manager, Software Delivery at a financial services firm with 10,001+ employees
Offers flexibility in design and saves time in budgeting and forecasting processes
I find Board to be simple and easy to use. It offers significant flexibility in designing solutions. The system overall is very useful, with many capabilities that provide flexibility. Our budgeting and forecasting processes support around three hundred twenty users who would otherwise rely on Excel, making Board invaluable for saving time.
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.

Quotes from Members

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

Pros

"The drill down is good for people who have that high level view, because they can do some analysis based on it."
"All the data is in one system, making it a one-stop system and solution for end-to-end planning."
"The ability to do write back and visualization, with minimal IT development orientation."
"This product has saved us countless hours in developing our budget each year."
"I think it's flexible. I chose this solution because, even though it wasn't out-of-the-box, you can customize it, and the long-term growth potential of the software is where I see the value."
"It's got that combination of everything."
"Other than that, I can't think of another software solution that we've managed at the city that went as well as BOARD has."
"BOARD was the only company that came onsite to do a demo, and their demonstration blew us away."
"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 most valuable features are around consolidations, eliminations, conversions."
"There are measurable benefits from using Oracle HFM as it reduces manpower and eliminates work duplication."
"The versatile data is probably the most valuable feature, since you can access it through the web interface or through Microsoft Office based solutions like Excel, Excel Smart View, PowerPoint and Word."
"Oracle HFM is excellent for consolidation and reconciliation; it helps me see the general overview of the business across several locations."
"It is a very user-friendly software."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"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."
 

Cons

"More visualization could be brought in more customization of data in regards to specific user requirements."
"It would be huge in the future if BOARD offered a lot more graphs and presentations, and it was a lot easier to use."
"​My analysts have used the technical support. Sometimes they have felt like they did not receive the answer that they needed, or you have to go and upgrade in order to address a problem. ​"
"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."
"Initial setup was complex because my company has its own fiscal calendar that was difficult to set up."
"What could be better is the manual."
"We are looking at ways to improve how we deal with security in BOARD and other similar things. ​"
"I would like an eLearning platform for BOARD."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"If there could be data integration between HFM and the accounting software that would be ideal."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"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"
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"The tool almost feels a little disconnected from some of the other tools, so you have to piece together multiple tools into one solution."
"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."
 

Pricing and Cost Advice

"​In terms of the pricing, it was reasonable. BOARD is not the lowest in the market, but it was reasonable for us."
"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."
"It is not the cheapest product on earth, but you get so much. It provides good value for money."
"The tool's price is a bit high compared to other solutions."
"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
13%
Manufacturing Company
11%
Construction Company
8%
Outsourcing Company
8%
Manufacturing Company
15%
Construction Company
10%
Outsourcing Company
9%
Financial Services Firm
9%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business13
Midsize Enterprise12
Large Enterprise8
By reviewers
Company SizeCount
Small Business3
Midsize Enterprise2
Large Enterprise11
 

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...
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.
What is your primary use case for Board?
Our organization primarily uses Board ( /products/board-reviews ) for budgeting and forecasting.
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...
What advice do you have for others considering Oracle HFM?
I am not familiar with Oracle HFM's advanced rules engine if it is similar to the HFM rules that I encounter and have experience with. Technology now is geared towards cloud solutions, not on-premi...
 

Comparisons

 

Also Known As

No data available
HFM
 

Overview

 

Sample Customers

Coca-Cola, Puma, Desigual, Ricoh, KPMG, H&M, Groupe SEB
B&B Hotels, Goldwind, Drake & Scull
Find out what your peers are saying about Board vs. Oracle HFM and other solutions. Updated: November 2026.
921,028 professionals have used our research since 2012.