In a previous blog post, the history of Hyperion Profitability and Cost Management (HPCM) was discussed along with which modules made it to the Cloud. If you are after a more clear-cut comparison between Cloud and on-premise, the below table should fit the bill. Tables generally cannot provide all the needed context, yet they are, at times, the best starting point to understand the benefits and capabilities of one solution compared to another. The below PCMCS vs. HPCM table is not exhaustive, and if you have questions on any of the items covered, email us and we will provide further details.
Choosing between on-premise and Cloud depends on which factors are the most significant barring the overall licensing cost.
Allocations and data assignments cannot have “If” statements attached to them in the on-premise version of the software – a feature fundamental to supporting Tax transfer pricing capabilities.
The cross-dimension mapping is a functionality that is not available in HPCM. This mapping ensures the assignment of data sets to the same ID/name across multiple dimensions by using the “Same as Source but Different Dimension” option within PCMCS to support intercompany activities. This feature alone, or the lack of it, may significantly impact the design of an application and the overall complexity of allocation flows.
Features available in the Cloud but not yet released in on-premise solutions could tip the scale to favor the Cloud option when all other aspects surrounding a Cloud implementation no longer appear to be as pressing. Out-of-the-box content such as overnight backups, full application, and data restores that are at the business users’ fingertips – not to mention the reporting and dashboarding included in the Cloud version – are all differentiators of a product that enables business users to control their allocation process and methodology from its inception.
While there may be exceptions to the trend where on-premise solutions can have advantages (modules not available in the Cloud, for example) and, therefore, represent the best option at a given moment in time, the reality is that the future is being developed in the Cloud and for the Cloud, and at some point the shift will most likely no longer be an option, but a necessity.
If you need help making a decision with an existing implementation or you would like more details about HPCM vs. PCMCS to make a better informed decision, email us at email@example.com. Our PCM Center of Excellence team is ready to share leading practices and industry-specific solutions that accelerate the ROI and expand the capabilities of your chosen software.