IT Central Station is now PeerSpot: Here's why

IBM Cognos vs Oracle HFM comparison

You must select at least 2 products to compare!
IBM Logo
12,764 views|9,951 comparisons
Oracle Logo
1,616 views|1,176 comparisons
Featured Review
Buyer's Guide
IBM Cognos vs. Oracle OBIEE
July 2022
Find out what your peers are saying about IBM Cognos vs. Oracle OBIEE and other solutions. Updated: July 2022.
610,336 professionals have used our research since 2012.
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
"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."

More IBM Cognos Pros →

"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."

More Oracle HFM Pros →

"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."

More IBM Cognos Cons →

"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."

More Oracle HFM Cons →

Pricing and Cost Advice
  • "Pricing should be improved."
  • "The pricing of this product is meant for medium to large-scale enterprises."
  • "It is my understanding that the cost is very low. It's not very expensive."
  • "Cognos is super expensive compared to Tableau ($70/month) and Power BI ($20/month) — I think Cognos is roughly $200 a month."
  • "It is quite pricy. I think Microsoft BI is cheaper. Tableau might also be cheaper, but it also depends on the usage. If you have very many users, Cognos can be a problem. It could be cheaper than Tableau but not for so many users. If you have a few thousand users, Tableau, which is generally quite expensive, can be cheaper than Cognos."
  • "It's more expensive than similar solutions like Tableau and Power BI."
  • "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."
  • "IBM Cognos price is on the higher side of the spectrum. However, with the features that it brings, such as correlation analysis, it's worth the money. They should look at the pricing more clearly because it's a little on the higher side."
  • More IBM Cognos 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."
  • More Oracle HFM Pricing and Cost Advice →

    Use our free recommendation engine to learn which Legacy BI Tools solutions are best for your needs.
    610,336 professionals have used our research since 2012.
    Questions from the Community
    Top Answer:It depends on the Data architecture and the complexity of your requirement. Some great tools in the market are Qlik Sense, Power BI, OBIEE, Tableau, etc. I have recently started using Cognos… more »
    Top Answer:The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report.
    Top Answer:As we get new requirements, we need to see if they fit into Cognos. As of right now, it fits our needs, however, that can change. We've had issues in the past that the solution is still working to… more »
    Top Answer:The most valuable features are around consolidations, eliminations, conversions.
    Top Answer:Oracle HFM uses the named user licensing model. There's different pricing depending on HFM and Essbase planning.
    Top Answer: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. I think that's one problem with the version we're using. The… more »
    out of 3 in Legacy BI Tools
    Average Words per Review
    Average Words per Review
    Also Known As
    Cognos, Cognos Analytics, IBM Cognos Analytics
    Learn More

    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.

    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.
    Learn more about IBM Cognos
    Learn more about Oracle HFM
    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.
    B&B Hotels, Goldwind, Drake & Scull
    Top Industries
    Financial Services Firm13%
    Computer Software Company11%
    Insurance Company8%
    Healthcare Company8%
    Computer Software Company22%
    Comms Service Provider15%
    Financial Services Firm12%
    Computer Software Company25%
    Comms Service Provider13%
    Financial Services Firm11%
    Manufacturing Company6%
    Company Size
    Small Business25%
    Midsize Enterprise16%
    Large Enterprise59%
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise70%
    Small Business11%
    Midsize Enterprise11%
    Large Enterprise78%
    Small Business15%
    Midsize Enterprise14%
    Large Enterprise71%

    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.

    We monitor all Legacy BI Tools reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.