We performed a comparison between Oracle Hyperion and SAP Business Planning and Consolidation based on real PeerSpot user reviews.
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Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews while SAP Business Planning and Consolidation is ranked 5th in Financial Performance and Strategy Management. Oracle Hyperion is rated 8.0, while SAP Business Planning and Consolidation is rated 7.0. The top reviewer of Oracle Hyperion writes "A world-class solution that provides a lot of functionality out of the box and also allows you to customize it to meet your needs". On the other hand, the top reviewer of SAP Business Planning and Consolidation writes "It's a robust solution with no issues. In my view, it is necessary to introduce another way to create reports apart from MS Excel". Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, Oracle HFM and Infor dEPM, whereas SAP Business Planning and Consolidation is most compared with CCH Tagetik, Longview Analytics, LucaNet, Oracle Enterprise Performance Management Cloud and Workiva Wdesk.
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I have hands-on experience using both products. However, I wish there were cloud-based tools available during that time. I am currently working with a client where we completed an assessment of four major players in the CPM space. Your company may want to consider a similar approach prior to making this capital expenditure. The results may surprise you. If you are a growing company, you may want to consider products that have the flexibility to change as your company's needs will change.
Hi
It depends on a few factors:
1. Is their backend ERP SAP? If so then SAP BPC has a “chance”. If not, go Hyperion as it is the market leader and accountants are more familiar with the tool.
2. If they do have SAP, then
a. What version of SAP? If they are on or are intending to go S/4 HANA then I would go BPC as it is integrated and is much improved on previous versions.
b. If they are not intending on going to S/4 now but intend on staying on SAP, then in most likelihood they will be going S/4 in the next 2 years. If they can wait… then I would wait to avoid the costs of a “double” implementation.
I like Hyperion because of the pre-set modules. CFOs seem to like it.
I would agree with Tanbir. It really depends on the need of the client.
A choice between two vendors rarely comes down to the tool (software) itself. This is usually because they both have strong selling points that got you to thus point.
I have not used thesee two personally but offer you thus advise.
1. If you have the time request a demo based in what you leadership team would need to see. Never accept the canned demo which shows the app in the best possible light. Use your data if possible.
2. An application is only as good as its usefulness to its users. I have bought great software and no one really used it. So again whatever the choice ensure that you get the buy-in from your user community.
3. Let the vendor explain how they can fill the gap between your expectations and the app capabilities (always is something ).
4. Ensure that you will be able to access the needed support post implementation. This will allow for the continued success of the app use.
Lastly trust your gut and spend time doing the research and asking the questions.
Noone else does it like you and your team is depending on you to paint a way forward.
Remember it's just a tool. Right now you got it down to 2. So review the above and take your shot.
Good luck, let me know how it works out.
Regards,
Andrew
Depends. In terms of functionality, they both do similar things. I'm sure a lot of users can give you a long list of pros and cons of both, but the choice often comes down to what works well in your environment. The best way to find out is by getting your hands on it and try a proof of concept. I would start by defining exactly what you will be using it for, you may find that lighter weight cloud CPM solutions may be a better fit and with a faster deployement.