CCH Tagetik vs Oracle HFM comparison

Wolters Kluwer and Oracle are both solutions in the Business Performance Management category. Wolters Kluwer is ranked #11 with an average rating of 7.5, while Oracle is ranked #7 with an average rating of 8.3. Wolters Kluwer holds a 7.8% mindshare in BPM, compared to Oracle’s 8.2% mindshare. Additionally, 87% of Wolters Kluwer users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

CCH Tagetik

Read 7 CCH Tagetik reviews

1,059 Views
806 Comparison Views

87% willing to recommend

Oracle HFM

Read 15 Oracle HFM reviews

1,604 Views
1,139 Comparison Views

100% willing to recommend

CCH Tagetik

Oracle HFM

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Oracle HFM and CCH Tagetik compete in the enterprise performance management space. CCH Tagetik seems to have the upper hand due to its flexibility and advanced integration features.

Features: Oracle HFM provides robust analytical tools, effective financial consolidation, and a versatile data model that supports global operations. CCH Tagetik features a user-friendly interface, form creation capabilities, and strong workflow management that simplifies complex processes, making it adaptable for various business needs.

Room for Improvement: Oracle HFM could improve its user interface for better accessibility and streamline its deployment. In addition, integration with other platforms can be enhanced. CCH Tagetik may benefit from a more guided workflow design, better handling of overly detailed tasks, and improved guidance for users unfamiliar with its detailed processes.

Ease of Deployment and Customer Service: Oracle HFM's on-premise deployment requires complex setups, but it benefits from extensive support resources. CCH Tagetik, with its cloud-based solution, offers quicker implementation and scalability, while its personalized customer service ensures easy access to support, resulting in effective problem solving.

Pricing and ROI: Oracle HFM involves higher initial costs due to its infrastructure needs, offering a potentially substantial ROI for detailed financial analysis. CCH Tagetik offers a cost-effective entry with its cloud services, flexible pricing, and faster ROI by minimizing upfront costs while maintaining essential financial functionalities.

To learn more, read our detailed CCH Tagetik vs. Oracle HFM Report (Updated: April 2025).

Buyer's Guide

CCH Tagetik vs. Oracle HFM

April 2025

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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

CCH Tagetik

Ranking in Business Performance Management

11th

Average Rating

7.8

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Financial Close Software (4th)

Oracle HFM

Ranking in Business Performance Management

7th

Average Rating

8.2

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of May 2025, in the Business Performance Management category, the mindshare of CCH Tagetik is 7.8%, up from 5.2% compared to the previous year. The mindshare of Oracle HFM is 8.2%, down from 9.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Julia Lupidii

Senior EPM Consultant at Solution BI France

User-friendly performance management with intuitive approach

I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.

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AhmedHaridy

Managing Director at Emkan

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

"Has an APM, which deals with the details of data and has calculation functions included."

"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage."

"The most valuable feature of CCH Tagetik is form creation."

"The ability for integration and automatic loading from the Oracle system into CCH Tagetik is very valuable."

"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."

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

"The tool is stable."

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

"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."

"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."

"It is a very user-friendly software."

Cons

"The tool's major drawback is the ETL process, which is not up to par with other solutions."

"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."

"There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel."

"We faced difficulties while uploading data."

"There is room for improvement, especially on the settings side of the solution."

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

"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."

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

"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."

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

"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

"The solution's pricing is affordable."

"The solution is quite expensive."

"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

12%

Financial Services Firm

11%

Computer Software Company

Retailer

Financial Services Firm

12%

Manufacturing Company

11%

Computer Software Company

10%

Retailer

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about CCH Tagetik?

I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Reg...

See all answers

What is your experience regarding pricing and costs for CCH Tagetik?

I am not informed about pricing, but CCH Tagetik was chosen over HFM due to more comprehensive functionalities related to IFRS 17. For larger companies, pricing might be less important compared to ...

See all answers

What needs improvement with CCH Tagetik?

There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel. It would also be helpful if the syste...

See all answers

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 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 ...

See all answers

What needs improvement with Oracle HFM?

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.

See all answers

Comparisons

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Compared 15% of the time

SAP Business Planning and Consolidation vs CCH Tagetik

Compared 9% of the time

Workiva Wdesk vs CCH Tagetik

Compared 9% of the time

Oracle Hyperion vs CCH Tagetik

Compared 8% of the time

Oracle Planning and Budgeting Cloud vs CCH Tagetik

Compared 7% of the time

More CCH Tagetik Competitors

Oracle Hyperion vs Oracle HFM

Compared 28% of the time

Microsoft Power BI vs Oracle HFM

Compared 11% of the time

OneStream XF vs Oracle HFM

Compared 10% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 8% of the time

IBM Cognos vs Oracle HFM

Compared 6% of the time

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Product Reports

Buyer's Guide

Business Performance Management

May 2025

Download CCH Tagetik product report

Buyer's Guide

Oracle HFM

May 2025

Download Oracle HFM product report

Also Known As

Tagetik

HFM

Overview

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

Wolters Kluwer

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.

Oracle

Sample Customers

Daimler, Randstad, Rabobank, Metro Group

B&B Hotels, Goldwind, Drake & Scull

Buyer's Guide

CCH Tagetik vs. Oracle HFM

April 2025

Free Report: CCH Tagetik vs. Oracle HFM

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