IBM Cognos vs Oracle HFM vs Oracle OBIEE comparison

Cancel
You must select at least 2 products to compare!
IBM Logo
9,284 views|5,390 comparisons
91% willing to recommend
Oracle Logo
2,161 views|1,505 comparisons
100% willing to recommend
Oracle Logo
12,030 views|6,137 comparisons
87% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between IBM Cognos, Oracle HFM, and Oracle OBIEE based on real PeerSpot user reviews.

Find out what your peers are saying about Microsoft, Tableau, Oracle and others in BI (Business Intelligence) Tools.
To learn more, read our detailed BI (Business Intelligence) Tools Report (Updated: April 2024).
769,065 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"If they want dashboarding, storytelling, and analyzing why KPIs are met or not, then Cognos is a better candidate than Qlik Sense.""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 initial setup is quite straightforward.""The basic platform comes with several meta-modelling tools.""Previously, we were doing static reporting. Management would request a report, and it would take staff a week or more to provide it. With Cognos, we have dynamic reporting, and it has reduced both reporting and decision making times significantly. With the solution's dashboard, the company's management team has updated records at their fingertips. This means that they can directly access the data they need to make decisions.""It is a stable product.""IBM Cognos offers tools so that you can design and develop your own test queries and reporting solutions.""We use IBM Cognos for enterprise analytics and reporting."

More IBM Cognos Pros →

"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.""The most valuable features are around consolidations, eliminations, conversions.""Stability-wise, I rate the solution a ten out of ten.""You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM.""The tool is stable.""Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination.""It is a very user-friendly software."

More Oracle HFM Pros →

"User-friendly look and feel.""It is easy to use...I rate the scalability of the solution a nine out of ten.""The visualization is very good.""Dashboards provide us with various views and perspectives on our data, allowing us to analyze metrics such as revenue, occupancy rates, etc.""The main features of this solution are that it is easy to use, intuitive, and user-friendly. When I retrieve the data from the database it is in a very raw form, then when I use the Oracle Report Builder it has advanced intelligence features to allow me to view and make changes to the data easily.""We have scheduled reports delivered automatically to our business users using enterprise features.""The most valuable feature of Oracle OBIEE is its ability to handle large volumes of data and provide traditional BI functionalities that developers can easily understand.""Provides good data visualization features, and provides a lot of visualization reports from various data sources."

More Oracle OBIEE Pros →

Cons
"They should provide improved visual reporting.""Most of our company's customers want to be able to deploy IBM Cognos on a web application and use it as a desktop application, which is not possible currently.""The high cost of a license makes it hard to scale up on a budget.""This product could use improvement in terms of usability for those with less technical know how.""The AI-based features could be further enhanced by the solution.""There are many problems with the product's stability part, making it an area where improvements are required.""There are some small features that are missing. It would be nice if the graphics were better. You can use external sources for charts, but it's quite complex to use and not easy to implement. If you want a new chart, you can download it from multiple tools and implement it into IBM Cognos.""One thing that we really want is the ability to have data portrayed on an image. Cognos is not able to do it at the moment, and that's becoming a requirement from the business side: having an image and then plotting your dataset on top of the image as a map."

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.""If there could be data integration between HFM and the accounting software that would be ideal.""Integration is an area where it lacks and can be improved.""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.""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 →

"Even though we have a feature to enable the physical query to be seen in the log, in case of any issues, it is challenging to debug and see or identify where is the issue. For example, we designed the OBIEE repository and deployed it into the server, and we are now accessing and creating a report. For some reason, if the report is not working as expected, it is very difficult to identify the issue. We have a feature to see the physical query that is being generated in the central OBIEE server. I feel that this feature should have been available at the repository level so that while designing the repository, we can select the presentation columns and the query it is going to create. This will avoid the additional task of deploying a feature into the server and then testing the report. It will also make the implementation process friendly if, while designing the repository, we can see: How is a feature working? Are any of the presentation columns selected? How is the query being generated? Which query is being generated? Are any joints used? What kind of joints are used? Having this kind of information will make Oracle OBIEE more powerful and developer-friendly.""The pricing model could be improved. Right now, it's quite confusing. Many customers have this feeling that it's a super-expensive option.""In our organization, we feel that data visualization for APIs is an area in which the solution lacks.""The performance and the complex setup are the main reason for switching to Qlik Sense.""The functionality to customize and modify reports has been removed, and it would be beneficial to reinstall it, as it allows greater customization and flexibility in creating reports.""One significant improvement is the need for simplification. The set up could be more intuitive. An enterprise setup with HA and DR are pretty complex and to get a robust solution one has to play around with Real Application Cluster data sources and FAN notifications as well as WebLogic clustering and external load balancers. SSO also is not that simple to set up especially if you want all your Oracle systems to use the same SSO solution, i.e., no cheating with direct LDAP connectivity.""There are times we have slowness when processing the reports with Oracle OBIEE. Improving the performance would be beneficial.""We were not satisfied with the support, because we could not obtain answers or solutions."

More Oracle OBIEE Cons →

Pricing and Cost Advice
  • "There is need to assess the purchase license accordingly so as to avoid audit penalties."
  • "The pricing and licensing policies are comparatively cheaper than other products in the market ."
  • "IBM Cognos offers competitive pricing similar to other BI vendors in the market."
  • "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."
  • 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 →

  • "It is high."
  • "It's expensive."
  • "I think to spread this across an enterprise will be a significant investment."
  • "Be prepared to spend a lot of time and money."
  • "The pricing we negotiated with Oracle. But, I do not have details."
  • "Oracle products are extremely expensive."
  • "This was not an expensive product for us, although the price varies depending on conditions for each company."
  • "The cost of this solution is a little bit high compared with other products like Zoho, so reducing it would make OBIEE more competitive."
  • More Oracle OBIEE Pricing and Cost Advice →

    report
    Use our free recommendation engine to learn which BI (Business Intelligence) Tools solutions are best for your needs.
    769,065 professionals have used our research since 2012.
    Comparison Review
    Anonymous User
    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… more »
    Top Answer:We use the account statement report. When you use an account in HSBC, you receive various types of accounts, such as the… more »
    Top Answer:Compared to Tableau and PowerBI, the IBM interface is easier to use. However, the drag-and-drop functionality isn't as… more »
    Top Answer:The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
    Top Answer:In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for… more »
    Top Answer:Oracle OBIEE is great in allowing design and creativity per the individual needs of the organization. Dashboards are… more »
    Top Answer:Oracle OBIEE is designed to be relatively easy to set up and has a helpful customer support staff at the ready to assist… more »
    Top Answer:The most valuable feature of Oracle OBIEE is its ability to handle large volumes of data and provide traditional BI… more »
    Ranking
    Views
    9,284
    Comparisons
    5,390
    Reviews
    10
    Average Words per Review
    396
    Rating
    8.2
    Views
    2,161
    Comparisons
    1,505
    Reviews
    4
    Average Words per Review
    431
    Rating
    8.0
    Views
    12,030
    Comparisons
    6,137
    Reviews
    25
    Average Words per Review
    481
    Rating
    8.0
    Comparisons
    Also Known As
    Cognos, Cognos Analytics, IBM Cognos Analytics
    HFM
    OBIEE, Oracle Business Intelligence Enterprise Edition, Oracle BI, Oracle BI EE 11g
    Learn More
    Overview

    IBM Cognos Business Intelligence provides a wide range of tools to help you analyze your organization's data. IBM Cognos BI allows businesses to monitor events and metrics, create and view business reports, and analyze data to help them make effective business decisions.

    IBM Cognos applies techniques to describe, summarize, and compare data, and draw conclusions. This allows users to see trends and discover anomalies or variances that may not be evident by simply reading data. Data sources that contain information from different areas of a business can be stored in separate packages. Users can see only information that they have been granted access to, based on their group or role.

    IBM Cognos BI consolidates the following business intelligence functions into a single web-based solution:

    • IBM Cognos Insight: Create personal and managed workspaces for data analysis. Using these interactive workspaces, you can share insight results with managers. Cognos Insight supports write-back, and you can also use these workspaces to capture and integrate management goals, commitments, and forecasts.

    • IBM Cognos Workspace: With IBM Cognos Workspace, you can create rich, interactive workspaces using IBM Cognos content as well as data from external sources. You can view and open your favorite workspaces and reports, edit content in your workspaces, and share your workspaces via email.

    • IBM Cognos Analytics: IBM Cognos Analytics utilizes built-in AI and intuitive searches which helps users to quickly create the visualizations and a wide range of reports. Cognos Analytics provides cognitive and managed self-service, enabling you to gain insights from controlled and trusted data.

    • IBM Cognos Report Studio and IBM Cognos Query Studio: Easily create structured and query reports. IBM Cognos allows users to create application and report templates. In addition, report authors can reuse report objects to apply filters, fields, and styles to reports. Users can set the language of the user interface and report content according to the user's native language.

    • IBM Cognos Event Studio: Receive notifications of events that occur within your organization in real time. Event Studio enables the creation of agents that detect the occurrence of business events, failures, or anomalies, based on the change of specific events or data conditions. Notification can be sent via email, publication in the portal, or by triggering reports.

    • IBM Cognos Connection: This is the Web portal for IBM Cognos BI and is the central area for accessing all the IBM Cognos functions. In the web portal, users can schedule and distribute reports, create tasks, administer the server and the access permissions, and more.

    Reviews from Real Users

    IBM Cognos stands out among its competitors for a number of reasons. Two major ones are its powerful analysis tool and its reporting capabilities.

    Prasad B., a senior software engineer at a financial services firm, notes, “The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report. We can receive automated reports as well. They are easy to schedule on a weekly or monthly basis. It is very fast. I mean in means of report output, it's very fast compared to the actual clients involved.”

    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.

    Oracle OBIEE (Oracle Business Information Enterprise Edition) is a business intelligence (BI) tool developed by Oracle. OBIEE will gather, store and analyze an organization's network data and compile the information to create reports, dashboard graphs, and performance analysis. OBIEE’s unique platform allows clients to discover new awareness and improve the speed of completing important business decisions by providing robust visual tools and intuitive realization coupled with the latest unmatched enterprise analytics available. OBIEE helps IT enterprise organizations to experience an intelligent view of all enterprise data from across all sources and empowers trusted users with increased levels of reliable, dependable access, interaction, and the ability to utilize the data to increase the overall effectiveness and productivity of the organization.

    OBIEE provides unique immediate mobile access, intuitive dashboards, robust reporting, real-time alerts, metadata search, procedure management, direct access to Big Data resources, enlightened in-memory computing, and seamless systems management processes. These features seamlessly combine to make Oracle OBIEE a complete, top-of-the-line broad solution that is cost-effective, minimizes TCO, and provides a competitive, quick ROI for the entire organization.

    Oracle OBIEE Top Features 

    • Complete comprehension: Oracle OBIEE offers a full range of BI strategies, including intuitive smart dashboards, dynamic alerts and detection, efficient workflows, enterprise reporting, MS Office integration, real-time predictive analysis, and more. OBIEE also includes many next-generation options, including mission critical scalability and performance, diverse data access and integration, and a modern, robust, service-oriented architecture.
    • Hot-pluggable: OBIEE will take advantage of existing IT relationships, both Oracle and non-Oracle databases, solutions, and applications. Organizations that partner with OBIEE have access to an entire library of analytic tools that are immediately deployable and provide an improved TCO and a super-fast ROI. Additionally, in an outstanding collaboration with Hyperion, OBIEE incorporates BI tools that integrate well with the current suite to supply the grandest selection of BI tools available on the market today.
    • Extensive: OBIEE is very user-friendly and extremely intuitive, and the 100% Web UI brings robust and dynamic BI from diverse sources to any audience, distributing awareness when and where users require it to manage activities, decisions, and processes. 

    Reviews from Real Users

    Sandeep V., Process System Engineer at a comms service provider, tells us, “This solution is very easy for people who are building ad-hoc things. It's an enterprise solution so it can be deployed for a lot of users. There are some great new features that come with the 12c like data visualization, desktop BI Publisher, automation, and interactive dashboards. The product has good features. “ 

    A user who is a CEO at a consultancy relates, “The most valuable feature is the visualization. The data warehousing, data storage, and data wrangling are all features that are in there, and it's one of the better products out there. A good thing is that for large datasets, it's very stable, especially when you have an Oracle database.”

    A user who is a Principal Business Intelligence Architect at a computer software company suggests, "It is very biased towards Oracle infrastructure. One of the major red flags we have at the moment against Oracle is that it doesn't support deployment on other cloud providers. We're quite heavily vested in AWS as our infrastructure, and Oracle is yet to formally support deploying on those virtual infrastructure instances. That's quite disappointing, and it also cuts them out of over 70% of the market."



    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
    Banca Transilvania, BeckmanCoulter, Hong Kong Housing Society, HealthShare, Ivanhoe Cambridge Unifies, and Home Credit, and Finance Bank.
    Top Industries
    REVIEWERS
    Financial Services Firm14%
    Computer Software Company11%
    Insurance Company8%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Educational Organization58%
    Financial Services Firm7%
    Computer Software Company5%
    Government5%
    REVIEWERS
    Construction Company22%
    Manufacturing Company22%
    Mining And Metals Company11%
    Computer Software Company11%
    VISITORS READING REVIEWS
    Computer Software Company13%
    Manufacturing Company11%
    Financial Services Firm10%
    Healthcare Company5%
    REVIEWERS
    Computer Software Company12%
    Financial Services Firm12%
    Manufacturing Company10%
    Government7%
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Government12%
    Computer Software Company11%
    Manufacturing Company7%
    Company Size
    REVIEWERS
    Small Business23%
    Midsize Enterprise15%
    Large Enterprise61%
    VISITORS READING REVIEWS
    Small Business8%
    Midsize Enterprise61%
    Large Enterprise31%
    REVIEWERS
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business22%
    Midsize Enterprise12%
    Large Enterprise66%
    REVIEWERS
    Small Business22%
    Midsize Enterprise20%
    Large Enterprise58%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise13%
    Large Enterprise71%
    Buyer's Guide
    BI (Business Intelligence) Tools
    April 2024
    Find out what your peers are saying about Microsoft, Tableau, Oracle and others in BI (Business Intelligence) Tools. Updated: April 2024.
    769,065 professionals have used our research since 2012.