OneStream vs Oracle Hyperion Financial Management
Oracle Hyperion Financial Management (HFM) has been an industry leader for almost two decades, but its future is now uncertain. In recent years, Oracle has been shifting its R&D investment from its on-premise Hyperion applications including HFM to Oracle Cloud EPM applications. While this shift to cloud-based applications alleviates the need to set up and maintain infrastructure to support the applications, not much else has changed. The architecture of Oracle's Cloud EPM applications is still fragmented and some of the applications lack the capabilities of their on-premise ancestors.
OneStream is a next-generation solution founded by proven finance industry leaders who deliver quality and guarantee 100% customer success. New releases, easy upgrades, and a "no extra fees" approach to product enhancements give customers a real path to success.
Benefits of OneStream Software for your financial consolidations and reporting include:
- Single Application: OneStream offers customers a single platform. You no longer need to move data and keep it in sync.
- Licensing Model: OneStream users have access to downloadable solutions (apps) that allow customers to easily extend the value of the platform to meet the changing needs of finance (e.g., Account Reconciliations, Close Manager, Workforce Planning, Capital Planning, etc.)
- Founders of OneStream are creators of Oracle's HFM and FDM.
- Cloud or On-premise. It's the same software that runs the same way. Customers choose how they would like to deploy, and it can be moved from one to the other.
As a OneStream Gold Partner, MindStream Analytics has developed a positive approach and methodology to help you migrate/upgrade from HFM efficiently using best practices for financial consolidation and reporting. To learn more about the benefits of OneStream vs. HFM, complete the form below and a MindStream representative will contact you.
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Want to know more about partnering with MindStream Analytics for your OneStream project? Complete the form below and a MindStream representative will contact you.