"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."
"All the different platforms are well integrated."
"Navigating through the data to make analysis is really quick."
"The most valuable feature is that it is able to slice and dice the 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."
"It would have been better if the solution was not just a tool kit."
"It's wonky, and not super user-friendly with Excel."
"Extracting data is a little slow."
"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."
"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."
Earn 20 points
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.
IBM Planning Analytics is ranked 5th in Business Performance Management with 4 reviews while Oracle Essbase is ranked 4th in Database Development and Management with 2 reviews. IBM Planning Analytics is rated 6.8, while Oracle Essbase is rated 8.6. The top reviewer of IBM Planning Analytics writes "High-performing, helps clients save time in budget processes ". On the other hand, the top reviewer of Oracle Essbase writes "Everybody uses it for financial purposes, but it can also be used for other analytic purposes, such as mathematical models, statistical models, and so on". IBM Planning Analytics is most compared with Microsoft BI, SAP Analytics Cloud, Jedox, Tableau and Oracle Hyperion, whereas Oracle Essbase is most compared with Microsoft BI, SAP BusinessObjects Business Intelligence Platform, Oracle OBIEE, IBM Cognos and SAS Visual Analytics.
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.