We performed a comparison between IBM Cognos and Oracle HFM based on real PeerSpot user reviews.
Find out what your peers are saying about Oracle, SAP, IBM and others in Legacy BI Tools."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."
"Stability-wise, I rate the solution a ten out of ten."
"In terms of stability, I think that Cognos is more stable than Tableau and Power Bi because of its framework manager concept that allows us to import metadata and store it in the framework manager."
"The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report."
"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."
"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."
"The correlation analysis is excellent. It's one of the best that I have used to date."
"We are able to generate quality reports easily which allows us to decrease response time."
"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."
"The tool is stable."
"It is a very user-friendly software."
"Stability-wise, I rate the solution a ten out of ten."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The most valuable features are around consolidations, eliminations, conversions."
"There are some problems with how Cognos handles huge data sets and when connecting with multiple sources and searching the data."
"There are some small features that are missing. It would be nice if the graphics were better. You can use external sources for charts, but it's quite complex to use and not easy to implement. If you want a new chart, you can download it from multiple tools and implement it into IBM Cognos."
"The charts and graphics are weak."
"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."
"Tableau and Power BI are faster than Cognos."
"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."
"It could have more options for themes."
"Cognos charts are not as fast as those of the other tools, even with DQM (dynamic query mode)."
"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."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"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."
"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."
"Integration is an area where it lacks and can be improved."
IBM Cognos is ranked 3rd in Legacy BI Tools with 129 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, Tableau, Oracle OBIEE, 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 IBM Planning Analytics.
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