We performed a comparison between IBM Cognos and Oracle HFM based on real PeerSpot user reviews.
Find out what your peers are saying about Microsoft, Tableau, SAP and others in BI (Business Intelligence) Tools."For planning, forecasting, in-boxing, modeling in general and for predicting numbers and doing work analysis, they are excellent."
"Report Studio: This is the most powerful and sophisticated tool for professional reporting."
"Integration with Office can enable the 'download' mode of storytelling."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable features of IBM Cognos are governance and enterprise reporting."
"When it comes to decision-making, the product is very useful and used in many departments since a lot of people prefer the reports to be generated by IBM Cognos."
"It is a stable product."
"The three IBM Cognos features I find the most valuable are Dynamic Cubes, PowerPlay, and Watson."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"It is a very user-friendly software."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable features are around consolidations, eliminations, conversions."
"The tool is stable."
"I would like them to reinclude PowerPlay. One thing that I am missing in the current Cognos is what was formally named PowerPlay. They have basically removed PowerPlay from it, which is something that I fail to understand because it was the most wonderful tool for business intelligence that I've ever used. As far as I know, they don't provide this functionality anymore, so this is one thing that I dislike about Cognos."
"The performance is a bottleneck and something that can be improved."
"This product could use improvement in terms of usability for those with less technical know how."
"There are some problems with how Cognos handles huge data sets and when connecting with multiple sources and searching the data."
"I would like to see is more easy building, movement in the reports, and dashboard functionality within reporting. Overall more simple elements within reports. If the elements are simple then you don't have to render a full page, but you can move separate parts in the page."
"Cognos is quite slow - it's missing the performance of the PowerPlay cubes."
"Chart quality: many other competitors have charts and graphics that look much better and that provide dynamic effects. Cognos doesn't."
"The charts and graphics are weak."
"Integration is an area where it lacks and can be improved."
"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"If there could be data integration between HFM and the accounting software that would be ideal."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."
IBM Cognos is ranked 7th in BI (Business Intelligence) Tools with 132 reviews while Oracle HFM is ranked 7th in Business Performance Management with 14 reviews. IBM Cognos is rated 8.0, while Oracle HFM is rated 8.0. The top reviewer of IBM Cognos writes "Improved the quality of our KPIs, while reducing calls to the IT department". On the other hand, the top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". IBM Cognos is most compared with Microsoft Power BI, Oracle OBIEE, Tableau, Oracle Hyperion and SAP BusinessObjects Business Intelligence Platform, whereas Oracle HFM is most compared with Oracle Hyperion, Oracle Planning and Budgeting Cloud, OneStream XF, CCH Tagetik and Anaplan.
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