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 most valuable features of IBM Cognos are governance and enterprise reporting."
"The most valuable features are Report Development (Functionality) and Information Distribution (Flexibility)."
"The most valuable feature is developing reports from different data sources, making it a reliable data source."
"The solution's initial setup process is easy."
"IBM Cognos offers tools so that you can design and develop your own test queries and reporting solutions."
"A drag-and-drop interface for selecting creating ad hoc reports makes this product very easy to use."
"The Report Studio that is aimed at professional report writers."
"Mapbox integration for geospatial analytics down to longitude/latitude layers."
"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."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The tool is stable."
"The most valuable features are around consolidations, eliminations, conversions."
"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."
"It would be good if the solution had conditional formatting."
"This product could use improvement in terms of usability for those with less technical know how."
"I think the GIS pieces maybe not as good as we would like."
"I would like to see is more easy building, movement in the reports, and dashboard functionality within reporting. Overall more simple elements within reports. If the elements are simple then you don't have to render a full page, but you can move separate parts in the page."
"Chart quality: many other competitors have charts and graphics that look much better and that provide dynamic effects. Cognos doesn't."
"The AI-based features could be further enhanced by the solution."
"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."
"They were lacking in the initial phases of development in the area of big data, and they still need to improve that aspect of the product."
"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."
"If there could be data integration between HFM and the accounting software that would be ideal."
"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."
"Integration is an area where it lacks and can be improved."
"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 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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