We performed a comparison between IBM Cognos and Oracle Planning and Budgeting Cloud based on real PeerSpot user reviews.
Find out what your peers are saying about Microsoft, Tableau, SAP and others in BI (Business Intelligence) Tools."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."
"The comprehensiveness or broadness of the software functions or business intelligence functions that it provides is valuable. It is also quite easy to use and user-friendly."
"Self-service is possible through the use of dashboards, which are also very intuitive. Stories can be used to pin snapshots, tell the story for meetings, etc."
"The initial setup is very straightforward."
"Previously, we were doing static reporting. Management would request a report, and it would take staff a week or more to provide it. With Cognos, we have dynamic reporting, and it has reduced both reporting and decision making times significantly. With the solution's dashboard, the company's management team has updated records at their fingertips. This means that they can directly access the data they need to make decisions."
"The correlation analysis is excellent. It's one of the best that I have used to date."
"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."
"The main difference that I like about Cognos compared to other solutions is its data splitting functionality. We have all our company data inside the Cognos environment and so we prefer to split the information Cognos itself. It's more efficient this way."
"The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides."
"Beneficial analysis and easy to do management adjustments."
"The workforce, the cube database, is the most valuable feature where you do planning for your headcounts."
"It gives you an end-to-end solution from integrating data from the source system to reporting. So it's a highly recommended tool."
"We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."
"Once you do the budget in Oracle ERP, you can upload it, but it's easier to create and manage budgets in the Oracle budgeting tool itself. For example, if you have a shortfall in the budget, it's easier to manage that and the forms, too, especially if you also have Oracle Forms Management. You can get the forms from somewhere and then transform those forms into budget heads."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
"The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud."
"There are a lot of limitations with the out-of-the-box tool."
"I don't like that when we use Colab packages, we get less functionality. For example, you can make groups of data with Excel or with the data sets from the packages, but when you use the Colab packages directly, you can only group the data when you analyze it with Analysis Studio. I think Cognos needs to improve more on this functionality."
"The charts and graphics are weak."
"I would like for the platform to become more standard. If we make a development on our report and our dashboard, it will not be used in another solution. That means there is no portability for the developers."
"I would like to have predictive and forecasting capabilities in Cognos. It's one thing to do reporting, and another thing to easily predict or forecast certain data points, which is very important for all the clients."
"We need more predictive analytical functions, not only diagnostic or decryptic analytics."
"Most of our company's customers want to be able to deploy IBM Cognos on a web application and use it as a desktop application, which is not possible currently."
"The high cost of a license makes it hard to scale up on a budget."
"There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution."
"The tool's interface is outdated. However, OneStream is easier to navigate."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
"There are some issues with block creation in the memory. Sometimes, when we run a calculation and a new intersection is hit during the calculation, the memory block doesn't get created, which doesn't give the correct result."
"For HR, the workforce planning out of the box is complicated. For most users, it's not easy, and it requires a learning curve. It's not very user-friendly. It can be improved."
"The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations."
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IBM Cognos is ranked 7th in BI (Business Intelligence) Tools with 132 reviews while Oracle Planning and Budgeting Cloud is ranked 3rd in Business Performance Management with 17 reviews. IBM Cognos is rated 8.0, while Oracle Planning and Budgeting Cloud is rated 8.2. 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 Planning and Budgeting Cloud writes " Budgeting scenarios and versions helps us migrate data, visualize data, and do variant reporting". IBM Cognos is most compared with Microsoft Power BI, Oracle OBIEE, Tableau, Oracle Hyperion and SAP BusinessObjects Business Intelligence Platform, whereas Oracle Planning and Budgeting Cloud is most compared with Oracle HFM, Anaplan, Oracle Hyperion, IBM Planning Analytics and CCH Tagetik.
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