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IBM Planning Analytics vs Oracle Essbase comparison

 

Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

IBM Planning Analytics
Average Rating
8.4
Reviews Sentiment
6.8
Number of Reviews
24
Ranking in other categories
Business Performance Management (3rd)
Oracle Essbase
Average Rating
8.4
Reviews Sentiment
5.5
Number of Reviews
14
Ranking in other categories
Database Development and Management (10th)
 

Mindshare comparison

IBM Planning Analytics and Oracle Essbase aren’t in the same category and serve different purposes. IBM Planning Analytics is designed for Business Performance Management and holds a mindshare of 9.2%, up 8.8% compared to last year.
Oracle Essbase, on the other hand, focuses on Database Development and Management, holds 1.2% mindshare, up 0.7% since last year.
Business Performance Management
Database Development and Management
 

Featured Reviews

Gnanavel-Chakkarapani - PeerSpot reviewer
Can easily create dashboards and helps businesses improve forecasting accuracy
The product has improved our company's forecasting accuracy since it serves as a very useful tool for our sales and controller teams as they easily get to enter the inputs using views in TM1, which gets loaded into our main database. If there are sales team members in different parts of the world, like in Hong Kong and Singapore, they may prefer to use IBM Planning Analytics, which is easy to use when compared to the Excel tool. Speaking about planning analytics and data analysis, I would say that our company used to use IBM Cognos Analytics for reporting, where we used to use Cognos Dynamic Cubes so that users can easily use its drag and drop features while getting to see the data for which the users had to wait for two to three minutes prior to its use. In our company, tons of data are loaded into the memory, and users can use Cognos Dynamic Cubes to analyze data and understand it. The AI capabilities of IBM have benefited our planning strategy as they are very useful for business. The tool allows the easy creation of dashboard reports using AI capabilities. No technical knowledge is required for business use cases. It is possible to integrate the product in scenarios where some new integrations are available. I remember that my company used Azure Data Factory to connect Azure, Oracle, and IBM WebSphere Application Server. When it comes to IBM Planning Analytics, it is complex to integrate it with LDAP and or any other authentication tool offered by Microsoft. In our company, some users like to integrate IBM Planning Analytics with the common LDAP or Microsoft AD, which we currently use for all our applications. The authentication part is difficult to configure with IBM Planning Analytics. The maintenance of the product is easy. My company has scheduled maintenance on the product every week, especially during forecast times, so that memories automatically lapse and users can freely access their servers. The use of the tool has had an impact on collaboration within our company's planning team since everyone knows how to easily access the data and publish the results. I recommend the product to those who plan to use it. I rate the tool a nine out of ten.
RANOJOY PAUL - PeerSpot reviewer
Stores multidimensional data, good customer support and interface is very easy
It is very fast compared to other normal databases, like SQL and MySQL. It doesn't store data in tables in the back end. To load data into Essbase, we need to prepare it in a table format. When we find the data in the table, we need to verify it. This way, you can rate the data. But Essbase stores multidimensional data. We have dimensions, which means the data belongs to some company or some time period. For example, if you work for three years, your salary should be something. In this way, we prepare top-level members called dimensions. The dimension defines your position, the year, and the section you were working in the company. We get an intersection of all these dimensions for certain data, and fetching that data is very fast in Essbase compared to normal SQL. If you store this data in a normal SQL table, you need to prepare a row with your company name, employee name, employee ID, joining date, and everything, and then you need to push it into a SQL table. You can search it using your query, but here, that thing is different. Here, you can collect data using forms, reports, and we use a Microsoft tool, which is an add-in called Smart View. Using that, you would just take that data. Here, you need to just create an integration of all these dimensions, and then only you can find the data.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The product's stability is good."
"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"Planning Analytics' best features include automatic updates and slicing."
"The ease of use is valuable. The fact that it's plugged into Excel spreadsheets is also valuable. It provides additional functionality where you can slice and dice the information in a way that you can't do with spreadsheets"
"All the different platforms are well integrated."
"The most valuable feature is that it is able to slice and dice the data."
"A lot of the platform is in-memory, so Planning Analytics can run calculations quite fast. It also offers several user interfaces. And in the newest version of Planning Analytics, there is a new one called the Planning Analytics Workspace. Maybe it could be useful for the business side."
"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."
"Unlike relational, where you're linking together multiple tables, with Essbase, you basically define what the dimensions are beforehand, and you define the hierarchy, and then load the data. This allows you to do a pretty sophisticated analysis so that you can drill into it and slice and dice the data."
"I have found the most valuable aspect is the user-friendly environment and current features."
"The solution can handle a large volume of data."
"Oracle Essbase is a web integration system that integrates with other data systems."
"It's a very powerful analytical engine with Essbase as the back end. We can analyze, transform, or utilize a big chunk of data for our calculations."
"It helps us fetch specific data sets per users' requirements."
"It is highly efficient and easily scalable, particularly for handling large databases."
"It is very fast compared to other normal databases, like SQL and MySQL."
 

Cons

"Extracting data is a little slow."
"If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks."
"Adding predefined templates could be beneficial."
"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."
"It is a bit expensive, but it does the job."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
"They should improve the solution's performance."
"The main concern is that Oracle is ending on-premises server support, so it would be better if there was a cloud platform available for Oracle Essbase."
"The reporting tool of Essbase needs improvement."
"The initial setup is pretty complex."
"I would like to see an integration with application performance management and a version control management tool."
"Essbase has a programming language, and it has a couple of functions to do forecasting, however, their feature set for that is not that good."
"The initial setup could be simplified."
"The solution could enhance business analytics. I delved into the data using Oracle Essbase to create a new support tool."
 

Pricing and Cost Advice

"I would rate the tool's pricing a nine out of ten since it's expensive."
"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
"Our licensing cost is approximately $50,000.00 per year."
"IBM Planning Analytics is priced well, and licensing costs are yearly."
"It is a bit expensive, but you get what you are paying for."
"IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
"I believe the licensing is on a monthly base."
"The solution is expensive."
"It is a costly solution."
"Essbase is competitively priced."
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Top Industries

By visitors reading reviews
Educational Organization
49%
Financial Services Firm
9%
Computer Software Company
6%
Manufacturing Company
5%
Financial Services Firm
23%
Computer Software Company
11%
Manufacturing Company
9%
Insurance Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about IBM Planning Analytics?
The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.
What is your experience regarding pricing and costs for IBM Planning Analytics?
The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.
What needs improvement with IBM Planning Analytics?
The workspace API should be improved and documented so we know better which objects and tier-one objects are used.
What is your experience regarding pricing and costs for Oracle Essbase?
It's not that expensive, but also not cheap. I'm not sure because it's a private license.
What needs improvement with Oracle Essbase?
If I got the opportunity to work with Hyperion, which is the best product, I would definitely go with that. The main concern is that Oracle is ending on-premises server support, so it would be bett...
What is your primary use case for Oracle Essbase?
We provide complete ownership of this application to Walmart projects. In the UK system, we support and develop for the Asda account, known as Eltham. We provide installation and support to over 50...
 

Also Known As

Cognos TM1, IBM Cognos TM1
Essbase
 

Overview

 

Sample Customers

ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
CHU de Rennes, Bellco Credit Union, Akindo Sushiro Co. Ltd, Deutsche Telekom AG, Samarco MineraÊo S.A., PCCW Ltd., QDQ media S.A.U., Boiron Italia, Specialized Bicycle Components Inc., Akindo Sushiro Co. Ltd., Air Canada, Daelim Industrial Co. Ltd.
Find out what your peers are saying about Anaplan, Oracle, IBM and others in Business Performance Management. Updated: February 2025.
838,713 professionals have used our research since 2012.