Why HFM Users Should Be Thinking Ahead: The Risks of Staying Static

Oracle Hyperion Financial Management (HFM) has served as the backbone of financial consolidation and reporting for thousands of organizations for decades.

Today, the ground is shifting.

With Oracle sunsetting older versions of HFM and shifting its focus toward the Cloud EPM suite, many finance leaders are left asking the same question:

Do we upgrade, move to the cloud, or look for a more modern platform altogether?

The Current State of HFM

Here’s where things stand:

Versions prior to 11.2 are already in Sustaining Support, meaning there are no more patches, security updates, or new database certifications.

HFM 11.2—the final on-prem release—is in “Continuous Innovation” mode. It’s technically supported, but no longer evolving with new functionality.

That makes now the time for finance leaders to take stock of what comes next.

What Staying Static Really Means

Remaining on an older HFM version may feel like the safe move, but in reality, it comes with growing risks:

• Security Exposure: Without new patches or certifications, your environment becomes more vulnerable.

• Rising IT Costs: Maintaining aging infrastructure demands more time, more resources, and more workarounds.

• Skills & Support Gaps: As Oracle’s focus moves to its cloud suite, the ecosystem of HFM specialists is shrinking.
  
  
• Limited Innovation: Even on 11.2, finance teams aren’t gaining new capabilities—just sustaining what they already have.

Exploring the Options

1. Upgrade to HFM 11.2
   • Offers a few more years of vendor support, but no real innovation.
   • A temporary bridge at best.
     
     
2. Move to Oracle Cloud EPM
   • Delivers a modern interface and managed infrastructure 
   • Still split across multiple modules (FCCS, PBCS, ARCS, TRCS), which means ongoing integration and reconciliation effort.
     
     
3. Migrate to a Unified Platform like OneStream
   • Built by the original architects of HFM, OneStream  consolidates financial close, planning, reporting, and analytics into a single unified solution.
   • Simplifies processes, improves performance, and reduces total cost of ownership.
     
     

How Nova Advisory Helps Finance Teams Decide

At Nova Advisory, we help organizations take a practical, data-driven approach to this decision. Our team combines deep OneStream expertise with a proven finance-transformation methodology that looks beyond technology—addressing people, process, and long-term scalability.

Whether you’re evaluating your upgrade path, exploring Oracle Cloud EPM, or considering a shift to OneStream, our team helps you:

• Assess your current Hyperion footprint.

• Identify risks and cost implications.

• Develop a clear migration roadmap aligned to business priorities.

The result: a confident path forward that modernizes finance without disrupting operations.

If your team is still running Hyperion, now is the time to evaluate what’s next. 

 Check out Episode 19 of Nova's CPM Customer Success Podcast.

OneStream vs. Oracle Hyperion/Fusion Cloud EPM with Dave Collins - Episode 19

Dave Collins, an expert in Corporate Performance Management (CPM), delves into a detailed comparison between Oracle Hyperion (aka Oracle Fusion Cloud EPM) and OneStream Software, highlighting the differences between Oracle’s point solution approach vs. OneStream’s unified platform.