Oracle Hyperion (legacy) vs. Pigment

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.

Incentivized

Planning, financials, and even sales tracking are greatly helpful for project planning. This makes product planning easy; you can simply see what the industry is demanding and what should be produced more in coming quarters. If you have really huge data, then this sometimes crashes.

Incentivized

• 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.

Incentivized

• Helping organizations assess the impacts of various business decisions effectively​
• Seamlessly integrates with multiple data sources
• Collaboration with other teams and teammates

• 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.

Incentivized

• Its not that stable, need some improvements in stability of the product. Gets crashed sometimes
• There is learning curv for script as pigment have its own logic things

Incentivized

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.

Overall most of Pigment is self-service and meant to be used by the business users. It usually doesn't require reaching out to a technical or IT resource to make changes to reports or the models we have setup.

Incentivized

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.

Incentivized

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.

Incentivized

Pigment has a lot of the same self-service capabilities but offers a more robust infrastructure to plan and report on more than just the financial data. It allows for more extended planning and the reporting and dashboard capabilities are very strong.

Incentivized

• 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.

Incentivized

• Reduced the time our finance team spends on data preparation and consolidation
• Planning capabilities have improved our decision making processes
• Improved collaboration of our sales, hr and finance teams