Prophix and Oracle Hyperion are financial planning and analysis tools. Prophix is often chosen for its affordability and user-friendly design, particularly appealing to midsize businesses, while Oracle Hyperion is selected for its robust features catering to larger enterprises.
Features: Prophix offers budgeting, planning, and forecasting features with a focus on flexibility and ease of data management. It's ideal for creating statistical accounts to calculate metrics and supports user-specific security settings. Oracle Hyperion excels in comprehensive financial analytics, extensive financial close capabilities, and the ability to handle complex data aggregation for large enterprises.
Room for Improvement: Prophix could enhance its advanced analytics capabilities and expand its features for larger enterprises. It also can improve its integration options. Oracle Hyperion may benefit from simplifying its setup and configuration process to appeal to smaller businesses. The user interface could be streamlined to improve user-friendliness, and more straightforward integration with other platforms might enhance its appeal.
Ease of Deployment and Customer Service: Prophix provides both cloud and on-premise deployment with faster setup and responsive support. Oracle Hyperion, while offering detailed support, often requires longer deployment times due to its complex configuration which may require specialized assistance.
Pricing and ROI: Prophix generally presents a lower initial cost, appealing to growing firms with promises of high ROI through scalability. Oracle Hyperion requires higher initial investment but is justified by substantial ROI through its extensive features suitable for long-term strategic financial management.
Support is generally fast for Sev1 or Sev2 tickets but slower for lower-severity tickets.
I rate Oracle's technical support as very good, giving it a score of 8 to 9 out of 10.
The response time is not that good.
I rate the scalability of Oracle Hyperion as an 8 out of 10 because it remains a top choice in the market.
Cloud configurations have not exhibited issues like crashing or slowing down for significant data volumes.
We sometimes encounter bugs and need to connect with Oracle Support.
For example, a company with fifty users versus five hundred users should see better pricing.
It is user-friendly and offers several advantages in financial reporting and consolidation.
The pricing model could be more flexible as it's more expensive than its competitors.
The pricing model is on the higher side compared to its competitors.
It enables me to input data directly based on my security and business lines, with an inbuilt calculation engine for data aggregation and reporting.
Anaplan has built-in UX pages for report preparation, unlike Oracle Hyperion, which often relies on third-party tools such as Hyperion Financial Reporting and Power BI for reporting.
The feature that allows automation of the budgeting and forecasting process is extremely valuable, especially when compared to Excel.
Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.
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