IBM Planning Analytics vs Oracle Essbase comparison

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Executive Summary

We performed a comparison between IBM Planning Analytics and Oracle Essbase based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
765,386 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
"The tool is flexible.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""A lot of the platform is in-memory, so Planning Analytics can run calculations quite fast. It also offers several user interfaces. And in the newest version of Planning Analytics, there is a new one called the Planning Analytics Workspace. Maybe it could be useful for the business side.""The most valuable feature is that it is able to slice and dice the data.""It's a very stable, robust product.""All the different platforms are well integrated.""Navigating through the data to make analysis is really quick.""Planning Analytics' best features include automatic updates and slicing."

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"It is highly efficient and easily scalable, particularly for handling large databases.""It helps us fetch specific data sets per users' requirements.""The solution can handle a large volume of data.""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.""I have found the most valuable aspect is the user-friendly environment and current features.""The solution is scalable.""The solution is stable and reliable.""Essbase is extremely stable and low-maintenance."

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Cons
"Planning Analytics could be improved by adding automation features.""It would have been better if the solution was not just a tool kit.""The new frontend Planning Analytics Workspace is not very good, it could be improved. I like the Planning Analytics functionality but it would be helpful if it could be more customizable. You can create a prediction and receive information but you cannot do feature engineering regarding the predictive models. If this was added it would be helpful.""It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality.""The dashboard is very poor and needs a lot of improvement.""It is a bit expensive, but it does the job.""The tool's transport layer could be improved when promoting development between environments.""It's wonky, and not super user-friendly with Excel."

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"I would like to see an integration with application performance management and a version control management tool.""It's an expensive product to use.""The ability to drive external reporting out for development could be improved.""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.""The initial setup could be simplified.""They should improve the solution's performance.""The initial setup is pretty complex.""There is room for improvement in terms of cost-effectiveness."

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Pricing and Cost Advice
  • "Our licensing cost is approximately $50,000.00 per year."
  • "The license of this solution is paid annually. Most of my customers choose a license that includes support."
  • "It is a bit expensive, but you get what you are paying for."
  • "IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
  • "I would rate the tool's pricing a nine out of ten since it's expensive."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
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  • "Essbase is competitively priced."
  • "I believe the licensing is on a monthly base."
  • "It is a costly solution."
  • "The solution is expensive."
  • More Oracle Essbase Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.
    Top Answer:IBM Planning Analytics is priced well, and licensing costs are yearly.
    Top Answer:The tool's transport layer could be improved when promoting development between environments.
    Top Answer:It is a costly solution. This is because we require high-performance servers with substantial CPU and RAM capacities to handle our extensive datasets effectively.
    Top Answer:There is room for improvement in terms of cost-effectiveness.
    Top Answer:We are a telecommunications company operating in Iran, and we manage a vast amount of data related to our network infrastructure. We have hundreds of data points specifically pertaining to our network… more »
    Ranking
    Views
    2,233
    Comparisons
    1,318
    Reviews
    4
    Average Words per Review
    226
    Rating
    9.3
    Views
    192
    Comparisons
    132
    Reviews
    8
    Average Words per Review
    381
    Rating
    8.4
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Essbase
    Learn More
    Overview

    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    Oracle Essbase is an OLAP (Online Analytical Processing) Server that provides an environment for deploying pre-packaged applications or developing custom analytic and enterprise performance management applications.

    Sample Customers
    ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
    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.
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm10%
    Computer Software Company7%
    Manufacturing Company5%
    REVIEWERS
    Financial Services Firm50%
    Retailer25%
    Computer Software Company13%
    Comms Service Provider13%
    VISITORS READING REVIEWS
    Financial Services Firm23%
    Computer Software Company9%
    Manufacturing Company9%
    Retailer7%
    Company Size
    REVIEWERS
    Small Business57%
    Midsize Enterprise17%
    Large Enterprise26%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise43%
    REVIEWERS
    Small Business27%
    Large Enterprise73%
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise10%
    Large Enterprise76%
    Buyer's Guide
    Business Performance Management
    March 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: March 2024.
    765,386 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 20 reviews while Oracle Essbase is ranked 10th in Database Development and Management with 10 reviews. IBM Planning Analytics is rated 8.4, while Oracle Essbase is rated 8.4. The top reviewer of IBM Planning Analytics writes "Beneficial predictive analytics, flexibility, and useful forecasting". On the other hand, the top reviewer of Oracle Essbase writes "It is easy to use and receives patch updates on regular intervals ". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, IBM Cognos and OneStream XF, whereas Oracle Essbase is most compared with Microsoft Power BI, SAP BusinessObjects Business Intelligence Platform, SAP Analytics Cloud, Oracle Analytics Cloud and IBM Cognos.

    We monitor all Business Performance Management 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.