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Oracle HFM vs Oracle Planning and Budgeting Cloud comparison

 

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

Oracle HFM
Ranking in Business Performance Management
5th
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
15
Ranking in other categories
No ranking in other categories
Oracle Planning and Budgeti...
Ranking in Business Performance Management
3rd
Average Rating
8.4
Reviews Sentiment
6.7
Number of Reviews
22
Ranking in other categories
Financial Performance and Strategy Management (2nd)
 

Mindshare comparison

As of July 2025, in the Business Performance Management category, the mindshare of Oracle HFM is 8.0%, down from 9.2% compared to the previous year. The mindshare of Oracle Planning and Budgeting Cloud is 5.6%, down from 7.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

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.
Ashutosh Abhishek - PeerSpot reviewer
Real-time reporting streamlines decision-making but technical support could improve
Integrating narrative reporting helps the whole organization, allowing each person in the department to understand the flow. I was fortunate to get initiated in Oracle Planning and Budgeting Cloud first, as that was the first project where I was placed during campus placement from college. It is the best solution currently in the market, though it is mostly designed for bigger organizations. On a scale of 1-10, I rate Oracle Planning and Budgeting Cloud a 10.

Quotes from Members

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

Pros

"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."
"Stability-wise, I rate the solution a ten out of ten."
"It is a very user-friendly software."
"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."
"The product has a direct plugin to Microsoft Excel."
"The solution automates the planning processes and does it in real-time."
"Beneficial analysis and easy to do management adjustments."
"The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides."
"They provide tools certified to work on-site, in the cloud, or in a hybrid scenario, and this flexibility is valuable for various business sizes."
"I value Oracle's flexibility and customization levels."
"We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
 

Cons

"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."
"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."
"Integration is an area where it lacks and can be improved."
"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."
"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."
"Oracle made a mistake by forcing HFM users to transition to FCCS before the solution was mature enough."
"For HR, the workforce planning out of the box is complicated. For most users, it's not easy, and it requires a learning curve. It's not very user-friendly. It can be improved."
"The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations."
"Oracle Planning and Budgeting Cloud could improve by creating a more visual and user-friendly interface similar to the old ABC analytics."
"There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"Oracle initially forced HFM users to migrate to FCCS, which was difficult because moving applications wasn't easy."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
 

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."
"The price of Oracle Planning and Budgeting Cloud is expensive. However, it solves a lot of issues at the company. Having a better price could make us think about using more cloud products for Oracle and increase usage."
"There is an annual subscription for this solution and it is priced high."
"It is expensive."
"The solution is free."
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Top Industries

By visitors reading reviews
Manufacturing Company
13%
Financial Services Firm
12%
Computer Software Company
8%
Retailer
5%
Financial Services Firm
11%
Computer Software Company
10%
Manufacturing Company
10%
Energy/Utilities Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

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.
What is your experience regarding pricing and costs for Oracle Planning and Budgeting Cloud?
While cloud pricing may initially appear more expensive due to the absence of infrastructure expenses, it is fair. There's no need for physical servers or infrastructure management. The licensing i...
What needs improvement with Oracle Planning and Budgeting Cloud?
The business rules behind the forms need improvement, and the total processing time should be enhanced with the help of proper commands, specifically regarding the execution time of existing rules.
What is your primary use case for Oracle Planning and Budgeting Cloud?
Oracle Planning and Budgeting Cloud streamlines the planning and budgeting forecasting of business functions.
 

Also Known As

HFM
Oracle PBCS, Oracle Enterprise Business Planning
 

Overview

 

Sample Customers

B&B Hotels, Goldwind, Drake & Scull
Australian Finance Group Ltd., Daelim Industrial Co. Ltd., TBS Group, Delaware Life Insurance, Shelf Drilling Ltd., Abu Dhabi Department of Finance, Fugro Norway AS, Drake & Scull International PJSC (DSI), Racepoint Global, Edgewater Technology Inc., King Abdulaziz City for Science and Technology, Communications Test Design Inc.
Find out what your peers are saying about Oracle HFM vs. Oracle Planning and Budgeting Cloud and other solutions. Updated: July 2025.
861,481 professionals have used our research since 2012.