oracle-hyperion-enterprise-performance-management-vs-workday-adaptive-planning

Hyperion EPM and Workday Adaptive Planning are both Corporate Performance Management products. Hyperion is a legacy CPM product from Oracle, while Adaptive Planning is a newer offering that Workday has acquired and integrated with its HCM offering. 

Hyperion EPM is a longstanding on-premise performance management system designed for large enterprises. Oracle has also released newer EPM Cloud products, but continues to support Hyperion. Workday acquired Adaptive Insights, now rebranded to Adaptive Planning, to complement its staple HCM product. Adaptive Planning is a cloud-based platform that is most commonly used by midsized companies. 

Features

Both Hyperion EPM and Workday Adaptive Planning have strong advantages for specific user bases. 

Hyperion is an excellent option for enterprises that already live primarily in the Oracle ecosystem. It integrates smoothly with other Oracle products, such as HR management and ERP tools. Reviewers also highlight Hyperion’s use of the Essbase data management system and its powerful analytics engine for financial modeling at scale. 

Workday stands out as the preferred option among midsize and large companies. In particular, its well positioned for companies that are scaling out of their Excel-based financial planning and reporting. For example, the Office Connect feature provides users with a familiar functionality to the Excel interface they’re used to, reducing the learning curve associated with adopting a new CPM platform. 

Limitations 

Hyperion and Workday Adaptive Insights also have some limitations worth keeping in mind. 

Hyperion’s excellence within the Oracle ecosystem trades off with its weak integrations with non-Oracle products. Reviewers also report the platform’s data visualization capabilities lagging behind the market norm. The on-premise software also entails more maintenance and higher upkeep costs compared to cloud-based alternatives. 

In contrast, Workday users have run into some scalability issues with the platform. For instance, features like multi-organization rollups in instances like corporate consolidations have not met users’ needs. Reviewers have also reported various performance slowdowns and sluggishness with the cloud-based platform. 

Pricing

Hyperion EPM is priced per user, with a base license cost and an add-on cost for support and upgrade. Per-user pricing also varies by the specific modules and capabilities purchased. 

Workday Adaptive Planning offers two packages, each priced by quote from the vendor. The Standard package includes all the core features and capabilities, while the Enterprise package adds on unlimited storage, additional automation, and sandboxing. Workday also offers 3 license types, a Full Seat, or admins, which cost the most, Contributors, which are standard users, and Viewers, which can access data but not make changes.