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Is It Time to Move from Oracle Hyperion to the Cloud?

December 11, 2016

Is It Time to Move from Oracle Hyperion to the Cloud?

Accounting and Finance has begun its move away from on-premises software to cloud-based Enterprise Performance Management (EPM) solutions, following Sales (Salesforce) and HR (Workday). Gartner, a leading technology analyst firm, in its “Magic Quadrant for Corporate Performance Management Suites 2014,” discussed this shift:

There has been increased traction for [Cloud] SaaS-based [EPM] applications within midmarket organizations and, more recently, for larger, Tier 1 organizations. Gartner expects this trend to continue, and has elevated the importance of [EPM] cloud capabilities for [EPM] suite vendors.

Additionally, in a 2013 Gartner survey of CFOs, 83% of respondents said that they expect half of their transactions to take place in the cloud over the next four years.

Paul Hamerman, Vice President, Principal Analyst for Forrester Research, is seeing the same thing: “We expect [Cloud] SaaS to become the primary FPM [EPM] deployment model within three to five years.”

While Oracle Hyperion remains a market leader in EPM software, that role comes with a hefty price tag and poses some hidden risks that have companies that use it re-evaluating their planning, budgeting, and consolidation needs. Whether used individually or together as an EPM suite, Hyperion Financial Management (HFM) and Hyperion Planning burden finance departments with a high cost of ownership, from server costs and consultants to dealing with the complex integration between products and the different interfaces.

As Oracle Hyperion users start to evaluate the cloud, they need to be aware of how benefits of the cloud-based EPM solution compare to on-premises software. We’ve compiled this information to a) help you better understand the full costs and potential risks associated with Oracle Hyperion and b) offer guidance as you evaluate cloud-based options.

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