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CPM Software VS Oracle Hyperion Planning

Compare CPM Software VS Oracle Hyperion Planning and see what are their differences

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CPM Software logo CPM Software

OYB is a corporate performance management software that is customised to suit the needs of each individual business.

Oracle Hyperion Planning logo Oracle Hyperion Planning

Oracle Hyperion Planning is an Excel and web-based planning and management solution that integrates planning, forecasting and budgeting into one unified solution.
  • CPM Software Landing page
    Landing page //
    2023-10-16
  • Oracle Hyperion Planning Landing page
    Landing page //
    2023-10-21

CPM Software features and specs

  • Enhanced Financial Reporting
    CPM software provides comprehensive and customizable financial reporting capabilities, which improve accuracy and clarity in financial statements and reports.
  • Improved Decision-Making
    With real-time data and analytics, CPM software aids in better decision-making by providing actionable insights and performance metrics.
  • Increased Efficiency
    Automation of routine tasks such as data consolidation, reporting, and budgeting reduces manual workload, leading to increased operational efficiency.
  • Scalability
    CPM software can grow with the business, accommodating increased data and organizational complexity as the company expands.
  • Enhanced Collaboration
    Features that facilitate communication and collaboration across departments improve teamwork and ensure alignment on business objectives.

Possible disadvantages of CPM Software

  • Implementation Costs
    The initial setup and implementation of CPM software can be expensive, requiring a significant upfront investment.
  • Complexity
    Due to its comprehensive features, CPM software can be complex to use, necessitating sufficient training and support for users.
  • Integration Challenges
    Integrating CPM software with existing systems and data sources may be technically challenging and time-consuming.
  • Maintenance Requirements
    Ongoing maintenance and updates are required to keep the CPM software running smoothly and up to date with the latest features.
  • Dependency on Software Vendor
    Organizations may become dependent on the software vendor for support and updates, which could be a risk if the vendor's service deteriorates.

Oracle Hyperion Planning features and specs

  • Comprehensive Planning
    Oracle Hyperion Planning offers a wide range of functionalities for detailed financial planning and budgeting, which can accommodate complex organizational needs.
  • Scalability
    The system is designed to grow with your organization, offering scalable performance that can handle increasing amounts of data and users.
  • Integration
    Seamlessly integrates with other Oracle products and a variety of third-party applications, making it easier to consolidate data and maintain consistency.
  • Advanced Analytical Capabilities
    Provides robust analytics and forecasting features, including what-if analysis, which can help organizations make more informed financial decisions.
  • User-Friendly Interface
    While complex, the platform offers a user-friendly web-based interface that allows for role-based access and easier navigation for end-users.
  • Security
    Offers strong security features, including role-based access control and data encryption, ensuring data integrity and compliance with regulatory requirements.

Possible disadvantages of Oracle Hyperion Planning

  • Cost
    The software and associated implementation costs can be very high, making it less accessible for smaller organizations.
  • Complexity
    The platform can be complex to configure and use, often requiring specialized training or support from experienced consultants.
  • Implementation Time
    Due to its complexity and the need for customization, the implementation process can be time-consuming and resource-intensive.
  • Ongoing Maintenance
    Requires continuous maintenance and updates, which can add to the overall cost and require dedicated IT resources.
  • Steep Learning Curve
    End users may face a steep learning curve due to the extensive features and functionalities, which can impact initial productivity.
  • Performance Issues
    Some users report performance issues, particularly when handling very large datasets or complex calculation processes.

Analysis of Oracle Hyperion Planning

Overall verdict

  • Oracle Hyperion Planning is a strong choice for organizations seeking a comprehensive and integrated solution for financial planning and analysis. However, the implementation and maintenance may require significant investments and expertise, making it more suitable for larger enterprises with the necessary resources.

Why this product is good

  • Oracle Hyperion Planning is considered a robust enterprise performance management (EPM) solution due to its comprehensive suite of features that support financial planning, budgeting, and forecasting. It integrates well with other Oracle applications and provides powerful reporting and analytics capabilities. The solution is also scalable, supporting the needs of large enterprises, and offers flexibility with both cloud and on-premises deployment options. Additionally, its integration with Oracle Cloud Infrastructure enhances its performance and reliability.

Recommended for

  • Large enterprises looking for an integrated EPM solution
  • Organizations already invested in Oracle's suite of applications
  • Companies requiring detailed and comprehensive financial planning and analysis tools
  • Businesses that need flexible deployment options, including cloud and on-premises

CPM Software videos

+ Add

Onestream software reviews 2020 | Best CPM software

Oracle Hyperion Planning videos

+ Add

Automating the Forecast with Oracle Hyperion Planning

Category Popularity

0-100% (relative to CPM Software and Oracle Hyperion Planning)

CPM Software

Oracle Hyperion Planning

Software Development
26 26%
Software Development
74% 74
Data Dashboard
14 14%
Data Dashboard
86% 86
Financial Performance Management
17 17%
Financial Performance Management
83% 83
Development
0 0%
Development
100% 100

User comments

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What are some alternatives?

When comparing CPM Software and Oracle Hyperion Planning, you can also consider the following products

OneStreamXF - OneStream XF Corporate Performance Management Platform quickly and easily aligns to your business changes by leveraging core financial consolidation, planning, data quality and financial reporting capabilities.

Anaplan - Planning & performance management platform

TCM - TCM provides a powerful database and tools for the most complex budgeting and forecasting, financial consolidation and management reporting and analysis.

Prophix Software - Prophix develops Corporate Performance Management (CPM) software that automates important financial and operational processes.

Tagetik - Tagetik offers a unified Corporate Performance Management software solution for budgeting, planning, consolidation, monthly close, and more.

Adaptive Insights - Cloud-based corporate budgeting, forecasting, and reporting

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