If you’re considering CPM software for your business, you’ve got a lot of options.
One of the most frequent questions we hear from clients is the difference between Adaptive Insights and Hyperion from Oracle. From the desks of our cloud computing experts, here are just 5 things to keep in mind when comparing Adaptive Insights and Oracle Hyperion CPM solutions:
1. The Cloud
Adaptive Insights was “built from the cloud up,” and was designed to operate entirely as software-as-a-service (SaaS). That’s in direct contrast to Hyperion, which is an on-premise software solution, meaning that implementation and maintenance are more costly and time-intensive, requiring IT support and on-site expertise.
> > Fun Fact: Oracle Hyperion was designed before the first web browser.
A lot of our clients are surprised to learn that, according to 3rd party researcher Gartner, Oracle Hyperion customers spend the most time of all CPM users on outside consulting. Because Hyperion is an on-premise solution, CPM software deployment, updates and routine maintenance require significant IT resources and technical expertise. Adaptive Insights, by comparison, is far more cost-efficient — deployed virtually “out-of-the-box” and requiring no on-site development.
Oracle Hyperion was designed decades ago, and is the product of multiple “add-on” products and acquisitions, meaning it’s not a truly unified CPM solution. Adaptive Insights, by contrast, was developed by finance, for finance as an all-in-one solution for budgeting, planning, consolidations, and more. Every piece of the Adaptive Suite was built with intention and designed to work alongside each other. This translates to a more unified, collaborative and streamlined solution for your business.
According to Forrester, Oracle Hyperion features “higher levels of complexity” than other CPM software, and users are often frustrated by the technical know-how required. When we deploy Adaptive Insights, on the other hand, clients always remark on how user-friendly and intuitive the software is. Unlike Hyperion, Adaptive features customizable end user dashboards, drag-and-drop functionality and a familiar “Excel-like” interface so your team can spend more time diving into the numbers, not drowning in them.
5. Customer Satisfaction
If you’re looking for a proven CPM solution with thousands of satisfied customers, Oracle Hyperion may not be the right fit. That’s because Hyperion regularly ranks near the bottom in CPM software customer satisfaction surveys. According to Gartner, “Oracle’s satisfaction scores tend to be the lowest among all EPM products.” The difference between Hyperion and Adaptive Insights is significant. Ranked by the same source, Adaptive is #1 for customer satisfaction among all CPM solutions.
There are a lot of things to think about when considering CPM software for your business. Want help deciding which solution is right for you? See how Adaptive Insights stacks up to the competition.