Oracle Essbase vs Workday Prism Analytics comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Oracle Essbase
Average Rating
8.4
Number of Reviews
13
Ranking in other categories
Database Development and Management (10th)
Workday Prism Analytics
Average Rating
7.0
Number of Reviews
1
Ranking in other categories
BI (Business Intelligence) Tools (24th)
 

Featured Reviews

RG
Jun 10, 2022
Everybody uses it for financial purposes, but it can also be used for other analytic purposes, such as mathematical models, statistical models, and so on.
Because Oracle products are development frameworks, your final results is as good as the people who implemented them. Make sure that your implementation team is the best it can be, at least for the first implementation. If something is implemented incorrectly at the start, it'll cost you a lot more to fix than to build a new system from scratch. Sometimes it can be so badly designed that it is impossible to fix. I've been working on implementation for 20 years and I have seen bad implementations everywhere. In fact, I have seen the same tools implemented in the same team by two different people, with one being a success and the other a failure. In the same company, one department says that the tool does not work for them and another says that the tool is the best. The only difference was the implementer. Make sure you get a good team to implement it. The tool has its flaws, but most of time (99%) it is the implementer's fault that you have a bad or slow model.
Gareth Jackson - PeerSpot reviewer
May 19, 2023
A stable data analytics solution that needs some improvement with scalability and data visualization
We use it as an HR system and as a recruitment system. But we don't use it for anything else. We don't use it for our workforce planning. Just the For HR, and recruitment. I primarily use the solution for data analytics. So I could have managed to get used to the business processes and extract data…

Quotes from Members

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

Pros

"It helps us fetch specific data sets per users' requirements."
"The solution is stable and reliable."
"Essbase is extremely stable and low-maintenance."
"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 is highly efficient and easily scalable, particularly for handling large databases."
"I have found the most valuable aspect is the user-friendly environment and current features."
"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."
"The solution is scalable."
"Feature-wise, I feel that the solution's stability is good."
 

Cons

"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."
"They should improve the solution's performance."
"I would like to see an integration with application performance management and a version control management tool."
"There is room for improvement in terms of cost-effectiveness."
"The reporting tool of Essbase needs improvement."
"The solution could enhance business analytics. I delved into the data using Oracle Essbase to create a new support tool."
"The initial setup could be simplified."
"It's an expensive product to use."
"It is not a very scalable product."
 

Pricing and Cost Advice

"I believe the licensing is on a monthly base."
"It is a costly solution."
"Essbase is competitively priced."
"The solution is expensive."
"I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules."
report
Use our free recommendation engine to learn which Database Development and Management solutions are best for your needs.
787,061 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Financial Services Firm
23%
Computer Software Company
9%
Manufacturing Company
9%
Retailer
7%
Financial Services Firm
10%
Healthcare Company
8%
Computer Software Company
8%
Insurance Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for Oracle Essbase?
The pricing is not cheap. The clients usually have partnerships with Oracle. They have some categories of partnership, and that determines the licensing price. But if it's for a few users and the d...
What needs improvement with Oracle Essbase?
The reporting tool needs improvement. The built-in reporting tool, Reporting Studio, is not up to par compared to Essbase. We use third-party products for reporting. The reporting tool should be up...
What is your primary use case for Oracle Essbase?
From day one, I was allocated to a project where this technology, Essbase and Hyperion Planning, is used. This is an enterprise performance management tool. You can do analysis and forecasting with...
What do you like most about Workday Prism Analytics?
Feature-wise, I feel that the solution's stability is good.
What is your experience regarding pricing and costs for Workday Prism Analytics?
I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules.
What needs improvement with Workday Prism Analytics?
I think you need to get some data visualizations or some sort of schema that you can print to see the relationships or the different business objects and IDs. I tried to be able to use the useful d...
 

Also Known As

Essbase
Prism Analytics
 

Learn More

 

Overview

 

Sample Customers

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.
Denny's
Find out what your peers are saying about Oracle, Quest Software, SolarWinds and others in Database Development and Management. Updated: May 2024.
787,061 professionals have used our research since 2012.