We performed a comparison between Oracle Hyperion and Workiva Wdesk 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."Since it is an enterprise-capable solution, people are not worried about security, giving data, the ability to manage complex consolidation, and its ability to modify reporting."
"The tool is very scalable and powerful. It helps us with financial reporting and performance reporting. It is a very good tool for consolidation and budgeting. We are dependent on it for reporting."
"The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now."
"Oracle Hyperion is an engine allowing you to build whatever you want on it."
"The roll-up potential of the product is very good, meaning we have detailed information and we want it to be summarized, based on geography, based on different product lines, or based on different charts of accounts in the general ledger. It rolls up the information in a very concise way. This makes it easy to understand the overall performance, for it's forecasting aspects, or quarterly reporting, year to year, or month to month reporting."
"We can integrate with any system and pull data from SAP or SQL Server. We can also design our own role files to establish how we pull the file data and store it in our database."
"Functionality-wise, it is what they say it is. It is the best in class, but it all ties back to your users. If your users are completely enamored with Excel spreadsheets, then breaking those habits is hard."
"Smart View is a really useful tool because we can have a good API with HFM."
"It makes the compliance process more efficient and more effective."
"The collaboration within the platform is valuable."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
"Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model."
"It is challenging to do reporting on Oracle Hyperion if you're not an expert."
"There's something known as a data block that Hyperion generates for each and every transaction. Sometimes it does not generate and we need to identify those issues and fix them manually."
"What I like is to have everything on one platform and not in different modules like Oracle Hyperion."
"The interface could be better. It could be more user-friendly, it is not very intuitive."
"The analytics could be improved."
"The reporting feature in Oracle Hyperion isn't the best. It needs improvement."
"The Oracle technical support in our area is terrible."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"The speed must be improved."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"The most critical issue is the need to shift between uppercase and lowercase."
Oracle Hyperion is ranked 2nd in Business Performance Management with 51 reviews while Workiva Wdesk is ranked 12th in Business Performance Management with 6 reviews. Oracle Hyperion is rated 8.0, while Workiva Wdesk 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 Workiva Wdesk writes "A user-friendly tool useful for data consolidation and automating the reporting schedules". Oracle Hyperion is most compared with Tableau, IBM Cognos, Anaplan, Oracle HFM and OneStream XF, whereas Workiva Wdesk is most compared with AuditBoard, OneTrust GRC, RSA Archer, LucaNet and ACL Analytics. See our Oracle Hyperion vs. Workiva Wdesk report.
See our list of best Business Performance Management vendors.
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