Analytics Software

Hello,

I was wondering what the consensus is between using Oracle Financials vs. Hyperion Planning for variance analysis purposes.

My contention is that HP is a best-in-breed budgeting/planning tool and should be used to house our departmental budgets/forecasts and that actuals should be fed from Oracle Financials (G/L) to Hyperion Planning for variance anlaysis purposes. Some of my piers disagree. They feel the budgeting/forecating data should be pushed to Oracle Financials for variance analysis purpose. They claim it will be easier to provide drill-back capability into the ledger to find the answer to their variances.

I really couldn't disagree more - to me the analytical capability of HP trumps any drill-back capability provided by Oracle Financials. In addition, if we use an ETL tool like FDM to feed actuals from Oracle into HP, can't I drill back to the transactional data (actuals) via FDM? In addition, since we budget at a summary account level, how can you push summary planning data in HP to detailed transactional accounts in the G/L - pushing "one to many" doesn't make sense to me.

Anyway, just looking for some expert opinions on the subject. Much appreciated - Thanks