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."It's a very stable, robust product."
"Navigating through the data to make analysis is really quick."
"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."
"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."
"Planning Analytics' best features include automatic updates and slicing."
"The most valuable feature is that it is able to slice and dice the data."
"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"Stability-wise, I rate the solution a ten out of ten."
"It is a very user-friendly software."
"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 most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The tool is stable."
"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 dashboard is very poor and needs a lot of improvement."
"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's wonky, and not super user-friendly with Excel."
"It is a bit expensive, but it does the job."
"Planning Analytics could be improved by adding automation features."
"Extracting data is a little slow."
"Adding predefined templates could be beneficial."
"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."
"Integration is an area where it lacks and can be improved."
"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."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"If there could be data integration between HFM and the accounting software that would be ideal."
IBM Planning Analytics is ranked 5th in Business Performance Management with 22 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 Adaptive Insights. See our IBM Planning Analytics vs. Oracle HFM report.
See our list of best Business Performance Management vendors.
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