We performed a comparison between Oracle HFM and Oracle Planning and Budgeting Cloud based on real PeerSpot user reviews.
Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."The most valuable features are around consolidations, eliminations, conversions."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"Stability-wise, I rate the solution a ten out of ten."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"It is a very user-friendly software."
"The tool is stable."
"The product has a direct plugin to Microsoft Excel."
"The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud."
"Beneficial analysis and easy to do management adjustments."
"The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting."
"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 most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides."
"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."
"The workforce, the cube database, is the most valuable feature where you do planning for your headcounts."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"Integration is an area where it lacks and can be improved."
"If there could be data integration between HFM and the accounting software that would be ideal."
"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 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."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution."
"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."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"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."
"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."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"The tool's interface is outdated. However, OneStream is easier to navigate."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
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Oracle HFM is ranked 7th in Business Performance Management with 14 reviews while Oracle Planning and Budgeting Cloud is ranked 3rd in Business Performance Management with 16 reviews. Oracle HFM is rated 8.0, while Oracle Planning and Budgeting Cloud is rated 8.2. The top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". On the other hand, the top reviewer of Oracle Planning and Budgeting Cloud writes "Eliminates the need for users to sift through irrelevant options". Oracle HFM is most compared with Oracle Hyperion, OneStream XF, CCH Tagetik, Microsoft Power BI and Anaplan, whereas Oracle Planning and Budgeting Cloud is most compared with Anaplan, Oracle Hyperion, IBM Planning Analytics, IBM Cognos and CCH Tagetik. See our Oracle HFM vs. Oracle Planning and Budgeting Cloud report.
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