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."One of the strong suits of Cognos is its robust corporate reporting capability."
"The most valuable features of IBM Cognos are governance and enterprise reporting."
"The most valuable feature of IBM Cognos is security. The solution has updated features that other competitors' solutions come out with long after IBM Cognos has had them."
"We are able to generate quality reports easily which allows us to decrease response time."
"A drag-and-drop interface for selecting creating ad hoc reports makes this product very easy to use."
"The three IBM Cognos features I find the most valuable are Dynamic Cubes, PowerPlay, and Watson."
"We use the account statement report. When you use an account in HSBC, you receive various types of accounts, such as the stock market, fixed accounts, credit cards, and business accounts. We can create one consolidated report called CCS support, which includes all these accounts. In that statement, we are consolidating all those accounts."
"Using custom controls, it is possible to extend the application with even more functionality and make the application intuitive and attractive."
"The most valuable features are around consolidations, eliminations, conversions."
"It is a very user-friendly software."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"The tool is stable."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"We would like to see development of the product's UI function, to make it more of a UI tool that can be configured as required."
"The visualization aspect needs to be improved and I believe, this is being resolved in upcoming versions."
"IBM Cognos's error messages seem to be a bit ambiguous. An error will be encountered and a message will be sent out very ambiguous and after investigating the error message it could be any number of issues. There was never a direct answer to the question or a direct answer to the error messages. Sometimes it would be a generic error message for 21 different solutions. It wasn't very specific, which required a lot of digging around and trial and error trying to fix the problem. The messaging in their error messaging is something needing improvement."
"I think the GIS pieces maybe not as good as we would like."
"In terms of what could be improved, I would say, monitoring, monitoring, monitoring. Some improvements in monitoring would be helpful. I'd like to see more monitoring of specific reports and fields. The way the auditing is now is very limited, so I'd like to see more of that - of the monitoring."
"The charts and graphics are weak."
"One thing that we really want is the ability to have data portrayed on an image. Cognos is not able to do it at the moment, and that's becoming a requirement from the business side: having an image and then plotting your dataset on top of the image as a map."
"The solution seems to slow down the servers."
"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."
"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."
"If there could be data integration between HFM and the accounting software that would be ideal."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"Integration is an area where it lacks and can be improved."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
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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