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IBM Planning Analytics vs Oracle Essbase comparison

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Featured Review
Find out what your peers are saying about Anaplan, Domo, Oracle and others in Business Performance Management. Updated: January 2022.
564,997 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:
Pros
"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."

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"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."

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Cons
"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."

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"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."

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Pricing and Cost Advice
  • "Our licensing cost is approximately $50,000.00 per year."
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    Questions from the Community
    Top Answer: 
    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… more »
    Top Answer: 
    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.
    Top Answer: 
    It varies from client to client, but IBM Planning Analytics is used for budgeting processes in every case. In addition, some clients use it for reporting as a data source.
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    Ranking
    Views
    3,406
    Comparisons
    2,418
    Reviews
    4
    Average Words per Review
    347
    Rating
    6.8
    Views
    3,345
    Comparisons
    2,750
    Reviews
    1
    Average Words per Review
    708
    Rating
    9.0
    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.
    Offer
    Learn more about IBM Planning Analytics
    Learn more about Oracle Essbase
    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
    VISITORS READING REVIEWS
    Computer Software Company25%
    Comms Service Provider18%
    Manufacturing Company6%
    Government6%
    VISITORS READING REVIEWS
    Computer Software Company31%
    Comms Service Provider10%
    Financial Services Firm10%
    Manufacturing Company6%
    Company Size
    REVIEWERS
    Small Business50%
    Midsize Enterprise21%
    Large Enterprise29%
    No Data Available
    Find out what your peers are saying about Anaplan, Domo, Oracle and others in Business Performance Management. Updated: January 2022.
    564,997 professionals have used our research since 2012.

    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.