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.
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.
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