We performed a comparison between IBM Planning Analytics and Oracle HFM based on real PeerSpot user reviews.
Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."The flexibility of IBM Planning Analytics is a great feature of this solution. The design flexibility with data rules and defining calculations The ability to combine online and offline calculations are a benefit. Additionally, the forecasting features and predictive analytics is very good."
"Navigating through the data to make analysis is really quick."
"All the different platforms are well integrated."
"The product's stability is good."
"Planning Analytics' best features include automatic updates and slicing."
"The tool is flexible."
"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"It's a very stable, robust product."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"It is a very user-friendly software."
"The tool is stable."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable features are around consolidations, eliminations, conversions."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"The dashboard is very poor and needs a lot of improvement."
"It would have been better if the solution was not just a tool kit."
"Planning Analytics could be improved by adding automation features."
"It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality."
"The new frontend Planning Analytics Workspace is not very good, it could be improved. I like the Planning Analytics functionality but it would be helpful if it could be more customizable. You can create a prediction and receive information but you cannot do feature engineering regarding the predictive models. If this was added it would be helpful."
"The tool's transport layer could be improved when promoting development between environments."
"It's wonky, and not super user-friendly with Excel."
"Extracting data is a little slow."
"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."
"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."
"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."
"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."
IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while Oracle HFM is ranked 7th in Business Performance Management with 14 reviews. IBM Planning Analytics is rated 8.6, while Oracle HFM is rated 8.0. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". On the other hand, the top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan and Jedox, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, CCH Tagetik and Workiva Wdesk. See our IBM Planning Analytics vs. Oracle HFM report.
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