FinnOne Neo is an automated, workflow-based and technologically advanced lending solution that provides loan lifecycle management capabilities, available on-premise or from the cloud. It enables customers to digitize and automate their processes, launch tailored products, and offer services across multiple channels. FinnOne Neo helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to loan servicing and…
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Oracle Hyperion (legacy)
Score 7.5 out of 10
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Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
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Pricing
FinnOne Neo
Oracle Hyperion (legacy)
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
FinnOne Neo
Oracle Hyperion (legacy)
Free Trial
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No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
FinnOne Neo
Oracle Hyperion (legacy)
Features
FinnOne Neo
Oracle Hyperion (legacy)
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
FinnOne Neo
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Ratings
Oracle Hyperion (legacy)
10.0
Ratings
7% above category average
Long-term financial planning
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10.00 Ratings
Financial budgeting
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10.00 Ratings
Forecasting
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10.00 Ratings
Scenario modeling
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10.00 Ratings
Management reporting
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10.00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
FinnOne Neo Cloud is well suited for medium and small banks where budget is also medium and deployment is on cloud and not hybrid or on-premise which gets me to information security issues and takes loads of time in deployment. It's very well suited to be used in use cases like lending process automation in a bank or NBFC.
Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement. Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
HFM is very powerful for financial consolidations .
Hyperion Planning is used to project accurate planning and thus provide the benefit to organization to do allocations and driver based planning so that it can justify the numbers based on headcount, number of stops & Revenue and thus provide valuable projections and thus help reduce the expenses.
Essbase is powerful engine helps provide analytical adhoc reporting for financial users . Performance of reporting and ease of use helps excellent customers experience when doing adhoc analysis.
Oracle Hyperion requires a lot of knowledge and expertise to be successful.
The underlying infrastructure of Oracle Hyperion is complex and can be difficult to implement.
Some of the Oracle Hyperion application servers only run on Windows. Windows can sometimes be unstable.
Oracle Hyperion application server processes are dependent on each other and need to be started in a specific order. Therefore, if certain services die on one server, it could require all services/processes in the entire Hyperion landscape to be restarted in the correct order.
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
FinnOne [Neo Cloud] is at a lower cost. it provides better efficiency and an improved workflow. It saves time and storage with its paperless function. It helps with organizing and managing customer data. Provides superb loan making decisions. It is easy to use and implement in an organization. Overall it makes things work smoothly.
Hyperion is easy to implement and maintain, low cost of ownership is also a great reason to select this product. Oracle's investment to keep the product innovations and improvements over the years is well appreciated by the users. The ease of managing integration with different business systems is also considered while selecting this product.
Our budget department has been reduced because of our licensing fee for FinnOne.
Our ROI has increased dramatically because it had opened doors to more opportunities out there that could not have been done previously without a cloud-based platform.
We had to get the planning application designed correctly before we got a good ROI, but once we did it became well liked and highly utilized.
It has had a very positive overall impact on increasing finance literacy across campus, allowing units a better insight into their revenues and expenses and the overall planning process.
It has been an essential tool during a time where the campus needed to reduce it's budget by over 100 million dollars annually. Without this product, we would not have a way to identify, track and report on our progress reducing the budget.
