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: October 2024).

Buyer's Guide

BI (Business Intelligence) Tools

October 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

Jul 27, 2022

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

Jul 17, 2024

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

Oct 4, 2023

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

"A drag-and-drop interface for selecting creating ad hoc reports makes this product very easy to use."

"Cognos is the best application with dashboards,batch reporting, jobs, events and ad-hoc reporting for business users."

"Security administration tools are powerful and flexible."

"Comparing IBM Cognos to other applications, once a person is trained on it or they have developed a skill set to operate the application, it is best in its category."

"IBM Cognos offers tools so that you can design and develop your own test queries and reporting solutions."

"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."

"Using custom controls, it is possible to extend the application with even more functionality and make the application intuitive and attractive."

"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'."

More IBM Cognos pros

"It is a good platform for data analysis, organization, and all of the other interim performances that are necessary."

"It is a little easier at buildings charts and graphs than Tableau."

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

"It's a great tool for visualization data, and it's free for engineers."

"Its visualizations and dashboards are most valuable. Power BI is great in terms of visualizations and dashboards. The reports that we previously had were not very nice in terms of visualization. It also provides the ability to play with the data."

"There is a lot of help and documentation on the Internet, so no special training is needed to use the source code."

"The solution is easy to use."

"The flexibility of the program is valuable. We are able to add other information to the reporting information and expand upon it."

More Microsoft Power BI pros

"It is a very user-friendly software."

"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."

"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 tool is stable."

"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."

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

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

Cons

"Extending dynamic cubes aggregate awareness with calculated measures."

"There are many problems with the product's stability part, making it an area where improvements are required."

"One thing that we really want is the ability to have data portrayed on an image. Cognos is not able to do it at the moment, and that's becoming a requirement from the business side: having an image and then plotting your dataset on top of the image as a map."

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

"The visualization aspect needs to be improved and I believe, this is being resolved in upcoming versions."

"Compared to Tableau and PowerBI, the IBM interface is easier to use. However, the drag-and-drop functionality isn't as straightforward. Formatting is also more challenging in the cloud than in other applications, like Power BI. Also, if you encounter an issue, it takes more time to resolve it on the formatting side."

"We need more predictive analytical functions, not only diagnostic or decryptic analytics."

"It would be nice to offer free online training on the tool for end-users."

More IBM Cognos cons

"You need to purchase upgraded support separately."

"When it comes to improvement, I would say there could be more tutorials for students in universities who are just learning it. And it wouldn't have to be just for students in universities. It might also be for the people who use it in the real world."

"Real-time refreshing for SAP BW would be nice. We know its on the radar for the development team at MS. "

"I find the solution to be 70 percent stable."

"Areas for improvement would be the construction of reports and the dashboard budget."

"Needs single sign-on."

"Technical support could be a bit better."

"The report server feature is quite limited."

More Microsoft Power BI cons

"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."

"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."

"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."

"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."

Pricing and Cost Advice

"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."

"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."

"IBM Cognos is priced reasonable. However, it is more expensive than Power BI and Tableau."

"My company uses IBM Cognos with another IBM product, so I think only one license is used."

"The solution is affordable."

"Cognos is super expensive compared to Tableau ($70/month) and Power BI ($20/month) — I think Cognos is roughly $200 a month."

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

"There is a standard license required to use this solution. There are some additional tools but I am not sure if they are an extra cost."

More IBM Cognos pricing and cost advice

"I would advise that Microsoft BI products are rightly priced and the licensing is easy to follow and to fulfill."

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

"In general, Microsoft BI's price is lower compared to Alteryx."

"The pricing is good. It's pretty competitive because I have worked on a few other tools as well, and Power BI is on the cheaper side."

"Once the trial period for the BI service is over, the cost is approximately $10 USD per user, per month, so it's quite reasonable."

"The price of the license can be better."

"The price of Microsoft BI is reasonable. Other solutions such as SAP Cloud are more expensive."

"The pricing for the solution is relatively higher compared to other alternatives."

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

57%

Financial Services Firm

Computer Software Company

Government

Educational Organization

41%

Financial Services Firm

Computer Software Company

Manufacturing Company

12%

Computer Software Company

12%

Financial Services Firm

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 ...

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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.

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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...

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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

Oracle Hyperion vs IBM Cognos

Compared 10% of the time

Tableau 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 6% of the time

SAP Analytics Cloud vs IBM Cognos

Compared 6% 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 25% of the time

CCH Tagetik vs Oracle HFM

Compared 16% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 14% 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

October 2024

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Buyer's Guide

Microsoft Power BI

October 2024

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Buyer's Guide

Oracle HFM

October 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

Buyer's Guide

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October 2024

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