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Oracle Essbase vs Workday Prism Analytics comparison

 

Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Oracle Essbase
Average Rating
8.4
Reviews Sentiment
5.5
Number of Reviews
14
Ranking in other categories
Database Development and Management (11th)
Workday Prism Analytics
Average Rating
8.6
Reviews Sentiment
7.6
Number of Reviews
5
Ranking in other categories
BI (Business Intelligence) Tools (17th)
 

Mindshare comparison

Oracle Essbase and Workday Prism Analytics aren’t in the same category and serve different purposes. Oracle Essbase is designed for Database Development and Management and holds a mindshare of 0.9%, down 1.0% compared to last year.
Workday Prism Analytics, on the other hand, focuses on BI (Business Intelligence) Tools, holds 1.9% mindshare, up 1.2% since last year.
Database Development and Management
BI (Business Intelligence) Tools
 

Featured Reviews

Pratik Phapale - PeerSpot reviewer
Multidimensional cube structure enables complex data storage and Oracle consistently upgrades Essbase
It's definitely growing and has many great features, especially in the cloud. I haven't used the on-premises server as much. Multidimensional data processing: Essbase is a kind of backbone, or back end, for systems like Hyperion Planning and Hyperion Financial Management. It's a multidimensional cube where we can store and process details, generate reports, and do multiple data processing, which isn't possible in Oracle or other alternatives. So, I'm grateful for this experience. Continuous improvement: Recently, I faced a version upgrade from 11.1.2 to 11.4. Now I'm on 11.2.10. Essbase is continuously upgrading its features in different areas, like configuration, properties, and the cloud platform. It's great to have experience with this, as well as working with the fundamental parts of the VM sets.
Sarvesh Kumar Jha - PeerSpot reviewer
Provides great flexibility in terms of data transformation
I really like the flexibility the solution provides in terms of data transformation. Workday introduced Prism Analytics mainly because many clients wanted to merge data from different systems and then work with it to get some insights out of it. For that, they previously used tools like Power BI. Workday Prism Analytics gives you the power to do all the data transformations within Workday itself without taking out crucial data to a third system. I really like the way Workday has enabled Prism Analytics to be that one solution where you can bring everything. It also provides you the flexibility that things like the security model of Workday are still in place. You don't have to redo your security configuration if you do the data transformation outside Workday.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"It's a very powerful analytical engine with Essbase as the back end. We can analyze, transform, or utilize a big chunk of data for our calculations."
"Oracle Essbase is a web integration system that integrates with other data systems."
"It is highly efficient and easily scalable, particularly for handling large databases."
"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."
"Essbase is extremely stable and low-maintenance."
"Essbase is a kind of backbone, or back end, for systems like Hyperion Planning."
"It is very fast compared to other normal databases, like SQL and MySQL."
"The product is easier to use compared to other applications."
"The solution is stable and reliable, with minimal issues affecting its performance."
"The customer service and support are pretty good."
"Feature-wise, I feel that the solution's stability is good."
"I really like the flexibility the solution provides in terms of data transformation."
 

Cons

"They should improve the solution's performance."
"The solution could enhance business analytics. I delved into the data using Oracle Essbase to create a new support tool."
"It's an expensive product to use."
"The initial setup could be simplified."
"There is room for improvement in terms of cost-effectiveness."
"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."
"I would like to see an integration with application performance management and a version control management tool."
"The consolidation engine, which is HFM or FCCS, needs some room for improvement."
"It is not a very scalable product."
"When you create certain objects, a lot of the time, the fields are text. They’re not numeric, date, or any other field type"
"There is not much flexibility in how we can add external data within Workday Prisma Analytics."
"The visualization techniques must be upgraded."
"One area for improvement in the solution is the ability to manually update individual rows or columns of data once it has been uploaded."
 

Pricing and Cost Advice

"The solution is expensive."
"It is a costly solution."
"I believe the licensing is on a monthly base."
"Essbase is competitively priced."
"I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules."
"The solution is very expensive."
"Based on whatever I have heard, Workday Prism Analytics is considered an expensive tool."
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Top Industries

By visitors reading reviews
Financial Services Firm
23%
Computer Software Company
10%
Insurance Company
7%
Healthcare Company
6%
Financial Services Firm
10%
Computer Software Company
9%
Insurance Company
8%
Government
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for Oracle Essbase?
It's not that expensive, but also not cheap. I'm not sure because it's a private license.
What needs improvement with Oracle Essbase?
If I got the opportunity to work with Hyperion, which is the best product, I would definitely go with that. The main concern is that Oracle is ending on-premises server support, so it would be bett...
What is your primary use case for Oracle Essbase?
We provide complete ownership of this application to Walmart projects. In the UK system, we support and develop for the Asda account, known as Eltham. We provide installation and support to over 50...
What is your experience regarding pricing and costs for Workday Prism Analytics?
Based on whatever I have heard, Workday Prism Analytics is considered an expensive tool. In fact, that has been one of the hindrance factors for Workday in making Prism Analytics more sellable.
What needs improvement with Workday Prism Analytics?
I think there are still some gaps in the solution. There is not much flexibility in how we can add external data within Workday Prisma Analytics. For now, Workday has enabled the SFTP server and Am...
What is your primary use case for Workday Prism Analytics?
As a consultant, I use Prism Analytics to implement my client systems. I first have design sessions with them, where we discuss their business gaps and then understand how Workday Prism Analytics c...
 

Also Known As

Essbase
Prism Analytics
 

Overview

 

Sample Customers

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.
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