Domo vs Oracle HFM comparison

Domo and Oracle are both solutions in the Business Performance Management category. Domo is ranked #13 with an average rating of 7.3, while Oracle is ranked #5 with an average rating of 8.5. Domo holds a 1.6% mindshare in BPM, compared to Oracle’s 7.6% mindshare. Additionally, 82% of Domo users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

Domo

Read 38 Domo reviews

5,319 Views
213 Comparison Views

82% willing to recommend

Oracle HFM

Read 15 Oracle HFM reviews

1,687 Views
1,434 Comparison Views

100% willing to recommend

Domo

Oracle HFM

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Domo and Oracle HFM compete in business intelligence and financial consolidation. Domo excels in ease of use and data connectivity, while Oracle HFM is stronger in complex financial consolidations and detailed financial management for large enterprises.

Features: Domo provides extensive data connectivity, real-time updates, and ease of use. It supports quick dashboard creation and integrates third-party tools for flexibility. Oracle HFM offers meticulous financial consolidation capabilities, efficiently handling multi-currency translations, ownership calculations, and inter-company eliminations.

Room for Improvement: Domo needs better data management, visualization options, and improved integration with on-premise systems. Users suggest enhancing data combination processes and visualization creation tools. Oracle HFM could improve its dashboard functionality and seamless integration with other systems, including modernization of its technical architecture.

Ease of Deployment and Customer Service: Domo supports flexible cloud and on-premise deployments, suitable for diverse IT infrastructures. Its customer service is responsive but can improve on data refresh issues. Oracle HFM offers stable deployments for large enterprises, yet users face challenges with support and slow issue resolution.

Pricing and ROI: Domo's pricing is perceived as high, but users find it justified by its deployment ease and BI capabilities, leading to significant ROI. Oracle HFM's user-based licensing is expensive but promises substantial ROI due to its advanced financial management features.

To learn more, read our detailed Domo vs. Oracle HFM Report (Updated: July 2025).

Buyer's Guide

Domo vs. Oracle HFM

July 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

Domo

Ranking in Business Performance Management

13th

Average Rating

7.8

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

Data Integration (40th), BI (Business Intelligence) Tools (13th), Reporting (10th), Data Visualization (10th)

Oracle HFM

Ranking in Business Performance Management

5th

Average Rating

8.2

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of August 2025, in the Business Performance Management category, the mindshare of Domo is 1.6%, up from 1.4% compared to the previous year. The mindshare of Oracle HFM is 7.6%, down from 9.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Sumit Chakraborty

Vice President at Indium Software - Independent Software Testing Company

Fast installation, reliable, with proven results for small to mid-size companies

The scalability is excellent. We have input close to fifty billion rows in Domo, and this is where we saw the cards winded in pretty slowly. So we had a performance issue there, but say maximum up to twenty-five to thirty billion, this product is flawless. But when we talk about big data analytics with too many self-service components, this is where we see some performance depreciation. We have more than two hundred using the solution.

Read full review

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.

Read full review

Quotes from Members

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

Pros

"The fact that you can add any data source is valuable. The entire data handling suite they have, all the apps, etc., is pretty amazing. One of the key things, not being a techie or a data-warehouse guy, is that you can connect data sources, and do all kinds of pretty amazing things."

"I mostly see it as an ETL which has many system connectors. It does a good job of ETL."

"The solution is highly stable."

"Using the "cards" which function as preconfigured reports or views. I use many of them simultaneously on an organized page, with filters that allow me to see high-level information as well as subsets across the dataset, in a few clicks. Many Excel-challenged users love to use this product for its simplicity."

"The ease of use, overall, is one of the valuable features, as is the ease of setup. Other than making sure IT was aware of, and agreed with our proceeding, we did not need IT for any of the setup. The ease of setup is more valuable than you might think. The ease of configuring the security policies, setting up groups, and setting up personalized data permissions so that only certain people can see certain data — that stuff is amazing... Domo really is extraordinarily full-featured, but it's really easy to use."

"We find the ease of using the solution valuable."

"Domo's real-time insights and customizable alerts are one of their better features."

"What makes me really fond of Domo is the ETL because it enables us to maximize a single platform for pulling reports and automating things. We can send the raw data from a third-party platform and do the rest of the ETL in Domo, including transforming data, adding columns, etc."

More Domo pros

"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."

"The tool is stable."

"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."

"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."

Cons

"It is very difficult too, if we do have specific requests or errors that we can't get figure out - especially when it comes to the development platform, developing custom connectors or doing any kind of API work, custom cards - in that there's a lag in the response time."

"The forecasting feature, the regression features, and the Python libraries could all be improved. They're all in beta."

"I would also like to see improvements to their drag and drop Magic ETL tool. You can drag and drop your ETL tool, but it doesn't really work for a large amount of data. It struggles with that. In a real-world application, where you're working with 30 million rows or 100 million rows, it takes a bit longer to process the data. If you do it in the Redshift ETL tool, using your own code, it's much faster."

"I would like to publish a dashboard for the employees so that they can also see the performance of our organization. But that is not a feature in Domo, although it's something that Zoho provided."

"It is expensive."

"The ETL way of storing is not up to mark. You have to rely on the naming convention that you're using in Domo because there are no folder systems where you can collate all your workflows and put them into separate folders. A folder system should be there so you can easily identify how you are working. Once you want to make some changes to your ETL, then you can see the whole lineage, identifying what is there and not there."

"I would like to see better data intake."

"One of the biggest problems is that end users require a license to run their own reports and dashboards, which are fairly expensive."

More Domo cons

"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."

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

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

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

"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."

"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."

Pricing and Cost Advice

"They've built an "app economy." Some of them are really expensive, so they're not for startups and smaller companies. They're more like enterprise tools. We couldn't afford some of them, because they were so crazy expensive. But if I was working for a bank, insurance company, or some bigger corporation then, for sure, you could justify those prices... It was silly expensive back then and it probably still is, or even more expensive."

"The solution is expensive compared to one of its competitors."

"I'm not sure about pricing, but I believe Domo is quite costly. Prior to joining this organization, I had a Domo license with my former employer and I think that license was around $500 to $600 annually. That was for a single license. I think it varies, depending on the organization that is acquiring Domo."

"No matter if you're a developer or an end-user, the licensing cost is around $12 per user per month."

"Domo has more than one licensing model. You can choose between the yearly subscription and the per-user licensing model. The tool is flexible in terms of licensing. As for the cost, Domo is an end-to-end BI tool so its pricing is a little higher than other players in the market, for example, non end-to-end BI tools such as OBIEE and Tableau specific only for business intelligence and presenting data to the end users, unlike Domo which handles everything. You want to get Domo as an integration tool, an ETL tool, etc. As the tool is end-to-end, its cost is always going to be a little higher than other BI tools, but it's worth paying because you won't have to spend extra for other activities. After all, Domo can do those activities."

"We are making money from Domo, and all our clients are happy with the information that they receive from it."

"The pricing differs from customer to customer, depending on the package."

"Domo is slightly costly but it's much cheaper than some."

More Domo 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."

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Top Industries

By visitors reading reviews

University

12%

Computer Software Company

11%

Financial Services Firm

Manufacturing Company

13%

Financial Services Firm

11%

Computer Software Company

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Domo?

All our client SLAs and daily and weekly dashboards are tracked on Domo.

See all answers

What is your experience regarding pricing and costs for Domo?

Domo is expensive compared to other solutions.

See all answers

What needs improvement with Domo?

Domo is the premium option of all the choices. It has fancy features including a built-in chat program with the Buzz feature that no one uses. When I arrived about a year ago, we had 12 different w...

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

Tableau Enterprise vs Domo

Compared 35% of the time

Microsoft Power BI vs Domo

Compared 34% of the time

Palantir Foundry vs Domo

Compared 5% of the time

Databricks vs Domo

Compared 3% of the time

QlikView vs Domo

Compared 2% of the time

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Oracle Hyperion vs Oracle HFM

Compared 27% of the time

CCH Tagetik vs Oracle HFM

Compared 23% of the time

Microsoft Power BI vs Oracle HFM

Compared 10% of the time

OneStream XF vs Oracle HFM

Compared 10% of the time

IBM Cognos vs Oracle HFM

Compared 6% of the time

More Oracle HFM Competitors

Product Reports

Buyer's Guide

Domo

August 2025

Download Domo product report

Buyer's Guide

Oracle HFM

August 2025

Download Oracle HFM product report

Also Known As

corda

HFM

Overview

Domo is a cloud-based, mobile-first BI platform that helps companies drive more value from their data by helping organizations better integrate, interpret and use data to drive timely decision making and action across the business. The Domo platform enhances existing data warehouse and BI tools and allows users to build custom apps, automate data pipelines, and make data science accessible for anyone through automated insights that can be shared with internal or external stakeholders.

Find more information on The Business Cloud Here.

Domo

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

Capco, SABMiller, Stance, eBay, Sage North America, Goodwill Industries of Central Indiana, Telus, The Cliffs, OGIO International Inc., and many more!

B&B Hotels, Goldwind, Drake & Scull

Buyer's Guide

Domo vs. Oracle HFM

July 2025

Free Report: Domo vs. Oracle HFM

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