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, Oracle and others in BI (Business Intelligence) Tools."The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report."
"Comparing IBM Cognos to other applications, once a person is trained on it or they have developed a skill set to operate the application, it is best in its category."
"It's enabled us to report directly from our main application systems. We're removing islands of data and we're removing inefficiencies, where people or small divisions had their own store of information."
"For planning, forecasting, in-boxing, modeling in general and for predicting numbers and doing work analysis, they are excellent."
"Mapbox integration for geospatial analytics down to longitude/latitude layers."
"The basic platform comes with several meta-modelling tools."
"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 most valuable feature is developing reports from different data sources, making it a reliable data source."
"It is a very user-friendly software."
"The tool is stable."
"The most valuable features are around consolidations, eliminations, conversions."
"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."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"One key area for improvement is the need to improve the self-service nature and functionality of the product in terms of visual analytics."
"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 performance is a bottleneck and something that can be improved."
"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."
"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."
"There are a lot of limitations with the out-of-the-box tool."
"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."
"Tableau and Power BI are faster than Cognos."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"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."
"Integration is an area where it lacks and can be improved."
"If there could be data integration between HFM and the accounting software that would be ideal."
"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, SAP BusinessObjects Business Intelligence Platform and Oracle Hyperion, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, CCH Tagetik and Adaptive Insights.
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