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IBM Planning Analytics vs Oracle Hyperion comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

Review summaries and opinions

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

ROI

No sentiment score available
Sentiment score
6.3
Opinions on Oracle Hyperion's ROI are mixed, with varying experiences in task efficiency, data accuracy, and financial benefits.
 

Customer Service

Sentiment score
5.9
IBM Planning Analytics support is generally effective but can be slow, requiring escalation for complex issues and delays occasionally.
No sentiment score available
 

Scalability Issues

Sentiment score
7.8
IBM Planning Analytics is adaptable, scalable, efficiently supports growth, and handles large user numbers, depending on sufficient RAM.
Sentiment score
7.1
Oracle Hyperion is scalable for large enterprises but may face challenges with user expansion and complexity without cloud integration.
 

Stability Issues

Sentiment score
7.7
IBM Planning Analytics is praised for stability and performance, though configuration issues and vendor support delays are noted.
No sentiment score available
 

Room For Improvement

IBM Planning Analytics needs integration, usability enhancements, AI features, improved templates, and simplified pricing for better competitiveness.
 

Setup Cost

IBM Planning Analytics costs include licensing and setup fees, with benefits varying by user type and company size.
Oracle Hyperion is seen as costly, with significant initial and ongoing expenses, though some find it competitively priced.
 

Valuable Features

IBM Planning Analytics provides flexible modeling, real-time calculations, Excel integration, and advanced features for efficient budgeting and forecasting.
 

Categories and Ranking

IBM Planning Analytics
Ranking in Business Performance Management
4th
Average Rating
8.6
Reviews Sentiment
6.8
Number of Reviews
23
Ranking in other categories
No ranking in other categories
Oracle Hyperion
Ranking in Business Performance Management
2nd
Average Rating
7.8
Reviews Sentiment
6.4
Number of Reviews
54
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of December 2024, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 9.5%, up from 8.4% compared to the previous year. The mindshare of Oracle Hyperion is 12.5%, down from 12.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance 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.
Mahdi Mohaddes - PeerSpot reviewer
Good tool for data visualization but interface is not very intuitive
I am the one that builds the reports. So, it's the baseline for making any predictions for budgets and something like that. We are an international organization, so it helps us to have consolidated reports and a clearer overview. It certainly supports streamlining across our global operations. The integration of Hyperion into our existing system improved operational efficiency.
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Top Industries

By visitors reading reviews
Educational Organization
48%
Financial Services Firm
9%
Computer Software Company
7%
Manufacturing Company
6%
Manufacturing Company
12%
Computer Software Company
11%
Financial Services Firm
10%
University
5%
 

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 do you like most about Oracle Hyperion?
We can collect data from various sources, which is very useful for budgeting and planning.
What needs improvement with Oracle Hyperion?
The most important aspect for improvement is the time efficiency when handling large databases. When the database consists of several million records, the software can be slow. However, the perform...
What is your primary use case for Oracle Hyperion?
We use Oracle Hyperion for ad hoc querying and connection with multidimensional databases. It is very easy to use for combining dimensions of the database such as time, geography, and product dimen...
 

Also Known As

Cognos TM1, IBM Cognos TM1
Hyperion
 

Learn More

 

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
ITNL, Aditya Birla Nuvo Ltd., Zaklady Farmaceutyczne Polpharma S.A., Daelim Industrial Co. Ltd., Barco N.V., SITA, McGregor Fashion Group B.V., PCCW Ltd.
Find out what your peers are saying about IBM Planning Analytics vs. Oracle Hyperion and other solutions. Updated: December 2024.
824,053 professionals have used our research since 2012.