We performed a comparison between Domo, Oracle HFM, and Oracle Planning and Budgeting Cloud based on real PeerSpot user reviews.
Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management."The solution is highly stable."
"The ease of use, overall, is one of the valuable features, as is the ease of setup. Other than making sure IT was aware of, and agreed with our proceeding, we did not need IT for any of the setup. The ease of setup is more valuable than you might think. The ease of configuring the security policies, setting up groups, and setting up personalized data permissions so that only certain people can see certain data — that stuff is amazing... Domo really is extraordinarily full-featured, but it's really easy to use."
"The best feature of Domo is that it's completely on the cloud. I also like that you can handle data end-to-end without having to depend on multiple tools. Another specific feature I like the most about Domo is Magic ETL because, through it, you can do all your expression, transformation, and loading activities very smoothly. The tool also follows the lineage concept, so you can understand what kind of transformations took place on a particular data set. You can find end-to-end data from the source until it has become the final output or the final data set. Whatever happened to a particular data set, you can understand it through the Domo lineage, and that isn't possible in most of the tools available in the market, but in Domo, that's available. The tool is also solid and because it's on the cloud, it uses multiple data engineering in the backend and multiple algorithms in the back, behind the scenes, resulting in a great performance. For example, if an end user such as the CEO or COO opens a report or the dashboard and it takes more than ten seconds, the end user won't be interested in looking at that report or dashboard, but Domo enables better performance and there's usually no performance issues from that tool."
"We find the ease of using the solution valuable."
"Domo has a lot of connections using APIs where you can use data from different databases, such as NoSQLs, SQL databases, and other connections. These connections exist to obtain data and transform whatever that you want."
"One feature which I have found to be very interesting is the Beast manager, where you can create calculated fields. They are shared in one common repository so someone else can use the same calculated fields; they don't have to rewrite or reinvent the APIs."
"We have found securing data valuable because it allows us to provide information without identifying individuals."
"The best thing is that the data storage is pretty much free. I can store as much data as I want, from different sources."
"It is a very user-friendly software."
"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."
"The tool is stable."
"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."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides."
"We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."
"The product has a direct plugin to Microsoft Excel."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
"The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting."
"Beneficial analysis and easy to do management adjustments."
"The workforce, the cube database, is the most valuable feature where you do planning for your headcounts."
"The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud."
"If Domo had a Copilot feature, you could interact with the graphs and talk to the graphs and tables."
"If your ETL runs more than 24 hours, it always fails because we are logging a lot of historical data, and there is a restriction on the amount of data (in rows) that you can run. The technical support has not found a solution for this yet."
"I would like to be able to drill down more when there is a particular area where there is a problem. I don't clearly see that in Domo at the moment."
"When you're exporting a graph out of Domo — suppose it is in the form of a donut chart or it is in form of a stack — the data comes out in tabular format, not as a graph. When exporting the data, I would like them to create a tab for graphs and another tab with the data in tabular format."
"It's quite slow. We are using about 2,000,000 rows of data. Creating certain reports takes almost a couple of minutes, which should not be the case."
"They could use more charts. They have had a very limited number of charts we can use. I believe, now, there are somewhere around 30 of them, but they could definitely use some more options."
"It's too early for me to say that something needs improvement, but there are times when there have been some flexibility issues with Domo... Tableau has a window function which can be integrated into a calculated field. That is missing in Domo so you have to make changes to the data set using ETL or SQL."
"I would also like to see improvements to their drag and drop Magic ETL tool. You can drag and drop your ETL tool, but it doesn't really work for a large amount of data. It struggles with that. In a real-world application, where you're working with 30 million rows or 100 million rows, it takes a bit longer to process the data. If you do it in the Redshift ETL tool, using your own code, it's much faster."
"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 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."
"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."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"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."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless."
"The tool's interface is outdated. However, OneStream is easier to navigate."
"Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution."
"For HR, the workforce planning out of the box is complicated. For most users, it's not easy, and it requires a learning curve. It's not very user-friendly. It can be improved."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
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