Microsoft Power BI vs Oracle HFM comparison

The compared Microsoft and Oracle solutions aren't in the same category. Microsoft is ranked #1 in BIT , with an average rating of 7.9, and holds a 23.0% mindshare in the category. Oracle is ranked #6 in BPM , with an average rating of 8.2, and holds a 9.6% mindshare. Additionally, 93% of Microsoft users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

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Executive Summary

We performed a comparison between Microsoft Power BI and Oracle HFM based on real PeerSpot user reviews.

Find out what your peers are saying about Microsoft, Salesforce, Amazon Web Services (AWS) and others in BI (Business Intelligence) Tools.

To learn more, read our detailed BI (Business Intelligence) Tools Report (Updated: November 2024).

Buyer's Guide

BI (Business Intelligence) Tools

November 2024

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Categories and Ranking

IBM Cognos

Mindshare comparison

BI (Business Intelligence) Tools

Business Performance Management

Featured Reviews

Carlos Larrad Salgado

Deputy Director Operations Management Control at Mapfre

Improved the quality of our KPIs, while reducing calls to the IT department

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. The user experience is also very important. Cognos is not very easy to understand sometimes, especially when they change the layout but keep the functionality the same. The help is not very graphic and they have no examples. Cognos has to make a big effort to help with understanding the functionality by improving the documentation. There is a lot of documentation, but the examples are hard to find and they should make their help section easier to understand for non-technical users.

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Amol Rane

Solutions Architect M365 at Sogeti UK

Supports AI initiatives in terms of predictive analytics

The only issue is with permissions. Sometimes, despite granting granular permissions, dashboards are visible to people who shouldn't have access. It's difficult to understand why the permissions slip out. Sometimes dashboards are visible to stakeholders even though they should not have permission. It's a bit difficult to understand why the permissions slip out. The dashboards lack a user-friendly appearance, and the permissions should be easier to understand. At this point, we have to go through a lot of details. It takes a lot of time to understand the permissions, so if there were better options available within the Power BI setup, it would be quite beneficial, especially for admins. So, there should be a more user-friendly dashboard appearance and easier-to-understand permissions.

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AhmedHaridy

Managing Director at Emkan

Offers flexibility and ease of configuration

The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

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Quotes from Members

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

Pros

"The dashboarding offered by this solution is very valuable to us."

"In terms of stability, I think that Cognos is more stable than Tableau and Power Bi because of its framework manager concept that allows us to import metadata and store it in the framework manager."

"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."

"The main difference that I like about Cognos compared to other solutions is its data splitting functionality. We have all our company data inside the Cognos environment and so we prefer to split the information Cognos itself. It's more efficient this way."

"The most valuable feature of IBM Cognos is security. The solution has updated features that other competitors' solutions come out with long after IBM Cognos has had them."

"Even while a user is using a cube for reporting, there will not be a situation as ' Cube file locked; unable to build or deploy'."

"The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report."

"Previously, we were doing static reporting. Management would request a report, and it would take staff a week or more to provide it. With Cognos, we have dynamic reporting, and it has reduced both reporting and decision making times significantly. With the solution's dashboard, the company's management team has updated records at their fingertips. This means that they can directly access the data they need to make decisions."

More IBM Cognos pros

"Its visualization capabilities are pretty good. It is very easy to use. You can easily make your dashboard."

"With the out-of-the-box Data Platform and Business Intelligence ecosystem, you get the entire platform with a single license."

"The product is scalable."

"The most valuable feature is shareability, where we can publish work to the cloud and share it with team members."

"The dashboards of Microsoft BI are easy to use."

"The most valuable feature of Microsoft BI is its visualization and its ease of use."

"The product is user-friendly."

"Microsoft Power BI is an easy tool for data analysis."

More Microsoft Power BI pros

"Stability-wise, I rate the solution a ten out of ten."

"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."

"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."

"It is a very user-friendly software."

"The tool is stable."

"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."

Cons

"Extending features on dashboards so it becomes a real dashboard building application, not only a data exploration tool."

"I would like them to reinclude PowerPlay. One thing that I am missing in the current Cognos is what was formally named PowerPlay. They have basically removed PowerPlay from it, which is something that I fail to understand because it was the most wonderful tool for business intelligence that I've ever used. As far as I know, they don't provide this functionality anymore, so this is one thing that I dislike about Cognos."

"Extending dynamic cubes aggregate awareness with calculated measures."

"The high cost of a license makes it hard to scale up on a budget."

"The solution's support could be better."

"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."

"The charts and graphics are weak."

"One key area for improvement is the need to improve the self-service nature and functionality of the product in terms of visual analytics."

More IBM Cognos cons

"Microsoft BI lacks some of the scheme features. It would be beneficial if there were a way to show how we move values in a different way."

"Its setup and support should be improved. We would like to see more material for developers that provides clear explanations about how we can do data mining by using Microsoft BI. It would also be good if we can connect a feature to other customized machine learning solutions."

"here are some limitations with the data models needed to build the report."

"Spatial data support should be enhanced."

"The admin view could be improved by making it more simplified to manage a users' activity and other things."

"The Microsoft BI interface should be simpler and more user-friendly. I find it very difficult to move between their data sources and their analytics section."

"Power BI could have better metadata management. It's easy to use for a single person. However, it lacks an enterprise-grade metadata management system, which can be a problem if you're doing an enterprise deployment with multiple users."

"The way you navigate the product, compared to other products in this industry, that could be improved a bit."

More Microsoft Power BI cons

"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."

"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."

"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."

"Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."

"If there could be data integration between HFM and the accounting software that would be ideal."

Pricing and Cost Advice

"There is some additional licensing that we needed to purchase because we were touching data outside of our core data platform. The cost was approximately $25,000 for the additional licenses, which were approximate 45 licenses. For the application itself, updates, and the core platform it was approximately $50,000. Giving a total cost of $75,000 annually for our usage of IBM Cognos."

"The solution is affordable."

"The pricing and licensing policies are comparatively cheaper than other products in the market ."

"Pricing should be improved."

"It is my understanding that the cost is very low. It's not very expensive."

"There is need to assess the purchase license accordingly so as to avoid audit penalties."

"The cost of IBM Cognos it's more or less the same as most of the other solutions on the market. They're very competitive with the rest of the market and it is not the most expensive product."

"It is averagely priced."

More IBM Cognos pricing and cost advice

"Power BI premium is really expensive for our market. A lot of small and medium companies would like to purchase it, but they can't afford it."

"Power BI comes with enterprise Microsoft licensing. So for the user, you don't have to pay, but you do have to pay a one-time cost."

"Licensing is on a monthly basis, but I am not sure."

"The solution's costs are quite reasonable given the range of features provided."

"It would be better if the price was cheaper."

"The premium capacity is very costly in respect of the market in Egypt, amounting to $5,000 monthly."

"Power BI is cheaper for smaller groups when comparing to competitors. It requires a monthly per-user subscription."

"Pricing, that's where Microsoft beats Tableau. It is priced much cheaper."

More Microsoft Power BI pricing and cost advice

"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."

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Comparison Review

it_user79932

Senior Manager - BI Head at NVidia

Feb 4, 2015

Comparison of SAP BO, Tableau, QlikView, Cognos, Microsoft, OBIEE and Pentaho

1. SAP BO/BI Enterprise scalability Security Ease of use Semantic layer 2. Tableau Visualization Data discovery Turnaround time 3. IBM Cognos Enterprise scalability Security In-memory feature 4. MS BI - Flexibility 5. Pentaho - Open source but still enterprise grade 6. QlikView Data…

Read full review

Top Industries

By visitors reading reviews

Educational Organization

56%

Financial Services Firm

Computer Software Company

Government

Educational Organization

41%

Financial Services Firm

Computer Software Company

Manufacturing Company

12%

Financial Services Firm

12%

Computer Software Company

11%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

Seeking lightweight open source BI software

It depends on the Data architecture and the complexity of your requirement. Some great tools in the market are Qlik ...

See all answers

What do you like most about IBM Cognos?

The solution's most valuable feature is its ease of use, which makes it easily compatible with other tools.

See all answers

What needs improvement with IBM Cognos?

I need improvements, particularly with the Framework Manager, which has an outdated user interface from older version...

See all answers

Seeking lightweight open source BI software

There are many...It would rather depend what System BI architecture or Enterprise legacy you have at your end...I wou...

See all answers

Is Power BI a complete platform or only a visualization tool?

Power BI is an advanced visualization tool oriented to big data with a very complete set of widgets to visualize info...

See all answers

How does Oracle OBIEE compare with Microsoft BI?

Oracle OBIEE is great in allowing design and creativity per the individual needs of the organization. Dashboards are ...

See all answers

What do you like most about Oracle HFM?

The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.

See all answers

What is your experience regarding pricing and costs for Oracle HFM?

It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regu...

See all answers

What needs improvement with Oracle HFM?

Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better i...

See all answers

Comparisons

Tableau vs IBM Cognos

Compared 10% of the time

Oracle Hyperion vs IBM Cognos

Compared 10% of the time

Amazon QuickSight vs IBM Cognos

Compared 8% of the time

SAP BusinessObjects Business Intelligence Platform vs IBM Cognos

Compared 7% of the time

SAP Analytics Cloud vs IBM Cognos

Compared 5% of the time

More IBM Cognos Competitors

Tableau vs Microsoft Power BI

Compared 17% of the time

Domo vs Microsoft Power BI

Compared 10% of the time

Amazon QuickSight vs Microsoft Power BI

Compared 8% of the time

KNIME vs Microsoft Power BI

Compared 6% of the time

MicroStrategy vs Microsoft Power BI

Compared 2% of the time

More Microsoft Power BI Competitors

Oracle Hyperion vs Oracle HFM

Compared 26% of the time

CCH Tagetik vs Oracle HFM

Compared 16% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 13% of the time

OneStream XF vs Oracle HFM

Compared 11% of the time

Anaplan vs Oracle HFM

Compared 5% of the time

More Oracle HFM Competitors

Product Reports

Buyer's Guide

IBM Cognos

November 2024

Download IBM Cognos product report

Buyer's Guide

Microsoft Power BI

November 2024

Download Microsoft Power BI product report

Buyer's Guide

Oracle HFM

November 2024

Download Oracle HFM product report

Also Known As

Cognos, Cognos Analytics, IBM Cognos Analytics

SSRS, SSAS, MSBI, MS Reporting Services, Microsoft BI Tools, Microsoft Big Data, Power BI Pro, MS BI

HFM

Learn More

IBM

Microsoft

Oracle

Overview

IBM Cognos Business Intelligence provides a wide range of tools to help you analyze your organization's data. IBM Cognos BI allows businesses to monitor events and metrics, create and view business reports, and analyze data to help them make effective business decisions.

IBM Cognos applies techniques to describe, summarize, and compare data, and draw conclusions. This allows users to see trends and discover anomalies or variances that may not be evident by simply reading data. Data sources that contain information from different areas of a business can be stored in separate packages. Users can see only information that they have been granted access to, based on their group or role.

IBM Cognos BI consolidates the following business intelligence functions into a single web-based solution:

IBM Cognos Insight: Create personal and managed workspaces for data analysis. Using these interactive workspaces, you can share insight results with managers. Cognos Insight supports write-back, and you can also use these workspaces to capture and integrate management goals, commitments, and forecasts.
IBM Cognos Workspace: With IBM Cognos Workspace, you can create rich, interactive workspaces using IBM Cognos content as well as data from external sources. You can view and open your favorite workspaces and reports, edit content in your workspaces, and share your workspaces via email.
IBM Cognos Analytics: IBM Cognos Analytics utilizes built-in AI and intuitive searches which helps users to quickly create the visualizations and a wide range of reports. Cognos Analytics provides cognitive and managed self-service, enabling you to gain insights from controlled and trusted data.
IBM Cognos Report Studio and IBM Cognos Query Studio: Easily create structured and query reports. IBM Cognos allows users to create application and report templates. In addition, report authors can reuse report objects to apply filters, fields, and styles to reports. Users can set the language of the user interface and report content according to the user's native language.
IBM Cognos Event Studio: Receive notifications of events that occur within your organization in real time. Event Studio enables the creation of agents that detect the occurrence of business events, failures, or anomalies, based on the change of specific events or data conditions. Notification can be sent via email, publication in the portal, or by triggering reports.
IBM Cognos Connection: This is the Web portal for IBM Cognos BI and is the central area for accessing all the IBM Cognos functions. In the web portal, users can schedule and distribute reports, create tasks, administer the server and the access permissions, and more.

Reviews from Real Users

IBM Cognos stands out among its competitors for a number of reasons. Two major ones are its powerful analysis tool and its reporting capabilities.

Prasad B., a senior software engineer at a financial services firm, notes, “The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report. We can receive automated reports as well. They are easy to schedule on a weekly or monthly basis. It is very fast. I mean in means of report output, it's very fast compared to the actual clients involved.”

Microsoft Power BI is a powerful tool for data analysis and visualization. This tool stands out for its ability to merge and analyze data from various sources. Widely adopted across different industries and departments, Power BI is instrumental in creating visually appealing dashboards and generating insightful business intelligence reports. Its intuitive interface, robust visualization capabilities, and seamless integration with other Microsoft applications empower users to easily create interactive reports and gain valuable insights.

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

Sample Customers

More than 23,000 leading organizations across multiple industries use Cognos. Some examples of Cognos customers include BMW Financial Services, Quinte Health Care, Troy Corporation, Michigan State University, and GKN Land System.

Accenture Adidas Aetna AIG Airbus Alibaba Allstate Amazon American Express Aon AT&T Audi Bank of America BASF Bayer Berkshire Hathaway Boeing Coca-Cola Comcast Cisco Coca-Cola Dell Disney Emirates Equinix FedEx Ford GE Google H&M Home Depot Honda IBM Intel JPMorgan Chase Kellogg's Kroger L'Oréal McDonald's Merck MetLife Microsoft Nike Oracle P&G PepsiCo Procter & Gamble Prudential Financial SAP Siemens Snapchat Spotify Starbucks Target Toyota T-Mobile Unilever Visa Walmart WeWork World Bank Xerox

B&B Hotels, Goldwind, Drake & Scull

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November 2024

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