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ConnectWise PSA vs Oracle HFM comparison

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

ConnectWise PSA
Average Rating
8.2
Reviews Sentiment
7.2
Number of Reviews
20
Ranking in other categories
Help Desk Software (20th), Business Management Software (1st), Professional Services Automation (PSA) (1st)
Oracle HFM
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
15
Ranking in other categories
Business Performance Management (5th)
 

Mindshare comparison

ConnectWise PSA and Oracle HFM aren’t in the same category and serve different purposes. ConnectWise PSA is designed for Professional Services Automation (PSA) and holds a mindshare of 18.0%, down 31.3% compared to last year.
Oracle HFM, on the other hand, focuses on Business Performance Management, holds 7.6% mindshare, down 9.4% since last year.
Professional Services Automation (PSA)
Business Performance Management
 

Featured Reviews

JonMcWilliams - PeerSpot reviewer
Very useful for ticketing and billing purposes
In this case, we have the ability to fire on tasks. An email can be sent, and it is being received into the Kaseya tool or Autotask. Autotask then can parse the email appropriately and route it based on the rules that we set up. In that sense, it's very dynamic, and I can immediately identify which client is making a support request. It can route it to the appropriate queue and then send out the appropriate notifications. As work is done on the ticket, you can also notify the person requesting support or other pre-designated contacts so that they're kept in the loop. ConnectWise PSA is making its updates, and its integration with Office 365 has been really good. I like the fact that the solution integrates with IT Glue. ConnectWise PSA is making improvements, and it's a little bit more dynamic. Overall, I rate the solution an eight out of ten.
AhmedHaridy - PeerSpot reviewer
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.

Quotes from Members

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

Pros

"It handles ticketing pretty well, and it's not something I have many critiques for."
"I like the search function up top where if you know what you're searching for, you can find it pretty quickly. Because you've got the option to change what the search parameters are, whether you're searching for a project, quote, ticket, or an invoice, you can kind of pick and choose what you're looking for."
"We're using the solution for ticketing and billing, and those features are useful."
"Contains every feature that a VAR or MSP would want."
"The initial setup isn't too difficult."
"The most valuable feature is the management of projects from start to finish."
"It's a nice ticketing system."
"The search function is really good. To have a single place where we have the account information stored is probably most valuable."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"It is a very user-friendly software."
"The tool is stable."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable features are around consolidations, eliminations, conversions."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"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."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
 

Cons

"It needs to be easier to share tickets between users who need to work together."
"All other ticket systems can search previous tickets, whether they were homegrown in Oracle or something else. I'm talking about searching the actual contents of the discussions in the ticket. In ConnectWise, you can only search the summaries. It's ridiculous."
"The speed could be better, and the reporting could be a lot better."
"It would be nice if ConnectWise gave us more flexibility when using customized fields in the interface. You can set up a user-defined field, but those don't port over to tables. It's really inconvenient."
"ConnectWise Manage can improve third-party integrations and the UI. The UI is good but it could improve in the graphics."
"The technical support of ConnectWise PSA is not very good."
"Has a very outdated 90s interface and not all features are accessible via the mobile app."
"If you've got 40 tickets that come in, that get generated, that don't get properly tagged with the company, you can't just check them all and reassign them to another company. You have to individually reassign each one of those tickets to a new company."
"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."
"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."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"If there could be data integration between HFM and the accounting software that would be ideal."
"Integration is an area where it lacks and can be improved."
"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."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
 

Pricing and Cost Advice

"There are some different add-ons and benefits that are optional and come at an additional cost."
"We're paying $940 a month for 14 users."
"The cost can be the main barrier. It's not a solution for a three person company. It just isn't going to be cost effective. Because ConnectWise Manage does have everything there, the licensing is a little bit restrictive as far as how they want to granularly assign licenses rather than having more of an all-inclusive package."
"The pricing of ConnectWise Manage is reasonable."
"I have one monthly license for all of the ConnectWise products I use, and it's $85 per user."
"The pricing is not based on my clients so much as it is on how many people I have accessing the system, and I think it's pretty good."
"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
Computer Software Company
36%
Performing Arts
8%
Comms Service Provider
6%
Financial Services Firm
5%
Manufacturing Company
13%
Financial Services Firm
11%
Computer Software Company
8%
Retailer
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What is your experience regarding pricing and costs for ConnectWise Manage?
In our case, the solution is priced out by the user we have in the system. The pricing is not based on my clients so much as it is on how many people I have accessing the system, and I think it's p...
What needs improvement with ConnectWise Manage?
The technical support of ConnectWise PSA is not very good.
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.
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 ...
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.
 

Also Known As

ConnectWise Manage
HFM
 

Overview

 

Sample Customers

IT Connexx, High Standards Technology Inc, Solvere One, MyIT, ConnectWise, Simpatico Systems, Fred IT Group, ECS, OneStop, K2 Technologies, Clark Integrated Technologies, Jmark, Geek on Wheels
B&B Hotels, Goldwind, Drake & Scull