In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions. Also, the transition from on-premises to the cloud can be complex. Also, the transition from on-premises to the cloud can be complex. In the next Oracle HFM release, I hope for a more user-friendly cloud-based group portal, better integration with other solutions, especially for hybrid models, and solutions for integration issues, similar to those seen with Oracle Payroll and HPE.
Senior Consultant at Velocity Technology Solutions
Real User
Top 10
2023-02-01T12:08:14Z
Feb 1, 2023
There is a process called data integration, like in Hyperion or HFM, where we load the data manually. For example, if a company is using software called JD Edwards or SAP, accounting-based software, they're doing the accounting in JD Edwards or SAP, and they're extracting the data from there, preparing an Excel-based file for the financial statement, and uploading it into HFM. This is the current process. However, if there could be data integration between HFM and the accounting software, then whatever the entry is in the ERP software or the accounting software for SAP or JD Edwards, that data is automatically migrated to Hyperion. It would be better for the organization as that would provide real-time data updates. The moment I make an entry into the accounting software, it could be fetched into the HFM at the end of the month, and that way, we don't need to pull up all the work again and again. It would save us so much time.
Hyperion Administrator at a mining and metals company with 10,001+ employees
Real User
2022-01-28T21:19:27Z
Jan 28, 2022
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. I think that's one problem with the version we're using. The tool almost feels a little disconnected from some of the other tools, so you have to piece together multiple tools into one solution. The finance team wants to have one tool for all of their solutions, so they are looking to move away from HFM into a more unified tool.
BI Analytics and Systems at a manufacturing company with 1,001-5,000 employees
Real User
2022-01-28T18:54:06Z
Jan 28, 2022
It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM. I think that's being improved with the coming versions. It's designed that way so that the consolidated data is not corrupted. That aspect is the only one that is not user friendly.
Hyperion Suite Manager at a construction company with 10,001+ employees
Real User
2022-01-27T15:42:27Z
Jan 27, 2022
There are areas that could be improved in Oracle HFM. One is for them to have a dashboard or a feature that lets you know who's promoted and who's ready for reporting. Another area for improvement would be the intercompany reports. We have to run them one at a time, and a lot of people would like to see them in a batch, so you don't have to sit there and run several different intercompany reports. It would be good to improve the intercompany reporting in Oracle HFM.
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.
In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions. Also, the transition from on-premises to the cloud can be complex. Also, the transition from on-premises to the cloud can be complex. In the next Oracle HFM release, I hope for a more user-friendly cloud-based group portal, better integration with other solutions, especially for hybrid models, and solutions for integration issues, similar to those seen with Oracle Payroll and HPE.
I searched for the instructions to know how it works. Integration is an area where it lacks and can be improved.
There is a process called data integration, like in Hyperion or HFM, where we load the data manually. For example, if a company is using software called JD Edwards or SAP, accounting-based software, they're doing the accounting in JD Edwards or SAP, and they're extracting the data from there, preparing an Excel-based file for the financial statement, and uploading it into HFM. This is the current process. However, if there could be data integration between HFM and the accounting software, then whatever the entry is in the ERP software or the accounting software for SAP or JD Edwards, that data is automatically migrated to Hyperion. It would be better for the organization as that would provide real-time data updates. The moment I make an entry into the accounting software, it could be fetched into the HFM at the end of the month, and that way, we don't need to pull up all the work again and again. It would save us so much time.
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. I think that's one problem with the version we're using. The tool almost feels a little disconnected from some of the other tools, so you have to piece together multiple tools into one solution. The finance team wants to have one tool for all of their solutions, so they are looking to move away from HFM into a more unified tool.
It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM. I think that's being improved with the coming versions. It's designed that way so that the consolidated data is not corrupted. That aspect is the only one that is not user friendly.
There are areas that could be improved in Oracle HFM. One is for them to have a dashboard or a feature that lets you know who's promoted and who's ready for reporting. Another area for improvement would be the intercompany reports. We have to run them one at a time, and a lot of people would like to see them in a batch, so you don't have to sit there and run several different intercompany reports. It would be good to improve the intercompany reporting in Oracle HFM.