"The initial setup is quite straightforward."
"IBM Cognos offers tools so that you can design and develop your own test queries and reporting solutions."
"I have worked on the features like dashboards and stories, and I do like them a lot."
"This solution allows you to input a wide range of file formats."
"The comprehensiveness or broadness of the software functions or business intelligence functions that it provides is valuable. It is also quite easy to use and user-friendly."
"The correlation analysis is excellent. It's one of the best that I have used to date."
"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."
"We are able to generate quality reports easily which allows us to decrease response time."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"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."
"There are some problems with how Cognos handles huge data sets and when connecting with multiple sources and searching the data."
"The AI-based features could be further enhanced by the solution."
"The performance is a bottleneck and something that can be improved."
"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."
"IBM Cognos's error messages seem to be a bit ambiguous. An error will be encountered and a message will be sent out very ambiguous and after investigating the error message it could be any number of issues. There was never a direct answer to the question or a direct answer to the error messages. Sometimes it would be a generic error message for 21 different solutions. It wasn't very specific, which required a lot of digging around and trial and error trying to fix the problem. The messaging in their error messaging is something needing improvement."
"The high cost of a license makes it hard to scale up on a budget."
"They should provide improved visual reporting."
"In terms of what could be improved, I would say, monitoring, monitoring, monitoring. Some improvements in monitoring would be helpful. I'd like to see more monitoring of specific reports and fields. The way the auditing is now is very limited, so I'd like to see more of that - of the monitoring."
"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."
Cognos Software is IBM's Business Intelligence and Performance Management solution, offering BI, strategy management, financial performance, and data analytics applications. Cognos caters to all levels in an organization with products designed for individuals, workgroups, departments, mid-size companies, and big enterprises.
IBM Cognos is ranked 3rd in Legacy BI Tools with 19 reviews while Oracle HFM is ranked 8th in Business Performance Management with 3 reviews. IBM Cognos is rated 8.0, while Oracle HFM is rated 8.6. The top reviewer of IBM Cognos writes "Helpful online community, highly reliable, and secure". On the other hand, the top reviewer of Oracle HFM writes "Consolidation tool that allows you to do eliminations and conversions". IBM Cognos is most compared with Microsoft BI, Tableau, Qlik Sense, Microsoft SQL Server Reporting Services and MicroStrategy, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, CCH Tagetik, Anaplan, OneStream XF and IBM Controller.
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