Recent market reports have suggested that Oracle is placing heavy pressure on customers with on-premise versions of its Hyperion Financial Management and Hyperion Planning performance management (EPM) applications, now nearing their end-of-life, to migrate to its cloud-based alternatives.

However, our advice to such customers would be “look before you leap”, as Oracle’s cloud-based options retain many problems associated with its established on-premise applications, which first became available in the early noughties.

Before we address the detail, however, a word of proper disclosure: two of our three directors at Opal Wave previously worked for Hyperion for lengthy periods.

Sales and marketing director Simon Bell spent nearly a decade there, launching budgeting and forecasting application Hyperion Planning into the UK market successfully during that time, while commercial director Ivor Herman did likewise at Hyperion Financial Management.

Both enjoyed their time with that employer and are justly proud of the company’s work to which they contributed so significantly during that period. Apart from the fact that it is one of many organisations who now compete with us, therefore, we have no anti-Hyperion agenda whatever.

Indeed, we’re the first to acknowledge that many organisations have improved their financial consolidation, budgeting, forecasting, reporting, planning and analysis processes in recent years by using Hyperion applications.

However, time marches on and the fact is that by today’s standards Hyperion’s on-premise solutions now rely on diffuse architecture, which makes them expensive to install, operate and update. Other issues include that: many applications are often needed to meet the requirements of businesses with departments or trading companies, for example, that need to report or plan individually; an extra module is necessary to support centrally managed metadata throughout the Hyperion range; and implementing upgrades can be both expensive and inconvenient for customers.

The fragmented architecture issue remains with Oracle’s cloud-based alternatives, some of which are also still developing and have restricted functionality, compared to their on-premise predecessors.

It’s therefore not just sales talk when we suggest that obtaining the SAP Business Planning and Consolidation (SAP BPC) system from us is a far better option, as it’s demonstrably the world’s most advanced solution of this sort and suffers from none of the defects mentioned. These advantages apply whether you’re seeking our on-premise SAP BPC solution or our software-as-a-service cloud-based version, the first of this kind globally when we launched it last year.

Our solution, the BPC Cloud, which renders costly-to-acquire-and-maintain hardware unnecessary, contains a suite of financial consolidation, budgeting and forecasting templates. It includes EU General Data Protection Regulation-compliant detailed headcount planning, generates all essential reports “out of the box” and its ultra-rapid Go Live in a Day™ templates comply with the latest International Financial Reporting Standards including support for IFRS 16 lease accounting standard.