For years, Oracle's Hyperion Enterprise Performance Management (EPM) software has been helping organizations improve their budgeting, planning, consolidation, reporting, and analytics processes. However, the platform and design of these applications have made them costly to implement, maintain, and upgrade, especially for large enterprises with extensive deployments.
In recent years, Oracle has moved focus from their on-premise Hyperion software to their Cloud EPM applications. While this shift alleviates the need to set up and maintain infrastructure to support the applications, some feel the architecture of Oracle's Cloud EPM applications may lack some of the capabilities of their on-premise ancestors.
OneStream XF SmartCPM platform is a viable replacement to Oracle Hyperion and other legacy applications for companies considering alternatives before committing to the cloud. OneStream provides a solution that can be deployed either on premise or in the cloud. It simplifies and aligns financial consolidation, planning, reporting, and data quality processes across the enterprise and eliminates the risk and complexity of data integration, validation, and reconciliation between multiple products, applications, or modules.
In addition, you may want to look at solutions such as Anaplan , Adaptive Insights , Board, Tagetik , or many other new exciting products that have entered the market.
Want to learn about replacements for your Oracle Hyperion Suite? We can help you navigate viable Hyperion software replacements for your organization. Please complete the form below and a MindStream representative will contact you to arrange a free whiteboarding session.
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