The panelists had a great mix of experience. It included Laura Juarez, Corporate Controller at Cole Parmer, Tim McKeil, Director of Financial Systems at EarthLink, and Paul Peterson, CFO at Philadelphia Mixing Solutions.
All of them had migrated from Oracle Hyperion for enterprise performance management (EPM) to Host Analytics. Between them, they used the full range of Oracle Hyperion’s EPM software offerings: Planning, Financial Management (HMF), and Enterprise.
While the panelists had different reasons that sent them in search of alternatives, they had something in common once they started searching: they all ran very good – and thorough – evaluation processes.
- They were very clear on their requirements.
- They involved IT and/or the auditors.
- They included a range of solutions.
(Lucky for us, they included cloud vendors.)
But one thing they said early in our discussion struck me because it was hard to believe. They were all happy with Oracle Hyperion and were predisposed to stay, which of course led me to ask one question – why? Why would a happy customer switch software vendors?
Their answer was interesting, but made perfect sense.
During their evaluation, they discovered that the functionality of the cloud solutions they evaluated was more robust than they thought. And Host Analytics could specifically meet the key EPM requirements they had defined. Once they verified this, the cloud benefits became more important and appealing, adding value in ways Oracle could not. In the end, moving to the cloud became a no-brainer.
If you’re interested hearing more from the panelists, check out the recording below. In it, they also cover how they set their requirements, best practices on running an evaluation, and recommendations on implementations.
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