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."Stability-wise, I rate the solution a ten out of ten."
"The dashboarding offered by this solution is very valuable to us."
"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."
"Dashboarding, reporting, and ad hoc reporting are the valuable features of IBM Cognos."
"We use IBM Cognos for enterprise analytics and reporting."
"Mapbox integration for geospatial analytics down to longitude/latitude layers."
"The basic platform comes with several meta-modelling tools."
"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."
"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."
"It is a very user-friendly software."
"Stability-wise, I rate the solution a ten out of ten."
"The tool is stable."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"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."
"The solution's support could be better."
"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."
"The data uploads that we do, such as Excel files, have a lot of restrictions. If we can make it a bit more user-friendly, allowing us to have more flexibility it would be a great help."
"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 solution seems to slow down the servers."
"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."
"It could have more options for themes."
"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."
"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."
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 IBM Planning Analytics.
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