TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    IBM Planning Analytics

    Score8.5 out of 10
    N/AIBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed to help users move beyond the limits of spreadsheets, automating the planning process to drive faster, more accurate results. Use it to unify data sources into one single repository, enabling users to build…

    $825

    per month 5 users

    Oracle Hyperion (legacy)

    Score7.4 out of 10
    N/AOracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.N/A
    Pricing
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Editions & Modules
    Essentials
    $825
    per month 5 users
    Standard
    $1,650
    per month 10 users
    No answers on this topic
    Offerings
    Pricing Offerings
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Considered Both Products
    IBM
    Chose IBM Planning Analytics
    As it is related to MS Excel, IBM Planning Analytics is a much more robust and complete solution for the CFO or COO in mind. Oracle Hyperion stacks up nicely against IBM Planning Analytics. However, IBM's investment in AI allows Planning Analytics users more options and speed.
    Incentivized
    Chose IBM Planning Analytics
    Prior to making the decision to go with IBM Planning Analytics, we had considered such options as Anaplan, Oracle Hyperion, and SAP Analytics Cloud. Despite the collaborative solutions offered by Anaplan and the good connection with other systems by SAP, the superb set of tool …
    Incentivized
    Chose IBM Planning Analytics
    Why IBM Planning Analytics when compared to Oracle Hyperion: Better excel integration Less data movement and duplication Better cloud offering More aforeable licensing
    Incentivized
    Chose IBM Planning Analytics
    I worked with Hyperion a long time ago. It was not a Oracle product yet. One great feature of this solution that was really great at the time, was the modeling process of ir, with a very robust engine for sparse cubes. the performance was excellent at the time. But today I can …
    Incentivized
    Chose IBM Planning Analytics
    I used Oracle Hyperion Planning System before I switched to IBM Planning Analytics, and I believe that IBM has a stronger offering and capabilities when it comes specifically to financial forecasting and long-term planning. It's easier to use, with added artificial intelligence …
    Incentivized
    Chose IBM Planning Analytics
    We have been users of Oracle Hyperion and Power BI like tools.
    Incentivized
    Chose IBM Planning Analytics
    If compared to Excel, it eliminates version control issues and manual consolidation, which saves time and reduces errors.
    On the other hand, if we compared with Hyperion, IBM Planning Analytics is more agile and user-friendly, especially with the Excel integration (PAx) and the …
    Incentivized
    Chose IBM Planning Analytics
    cost effective solution
    Incentivized
    Chose IBM Planning Analytics
    The IBM Planning Analytics has great technical and business data features, full customer information, and sales Forecast for design best strategy. Analyzes, processes, and provides valuable information and charts about sales, profits, human resources, value growth, and …
    Incentivized
    Chose IBM Planning Analytics
    Oracle does not come close. Day to day reporting in IBM PA is much more efficient and flexible.
    Incentivized
    Chose IBM Planning Analytics
    Very close functionality between IBM and Oracle. We chose IBM as that is the technology stack in our organisation & wanted to be architecturally consistent.
    Incentivized
    Discontinued Products
    No answer on this topic
    Key User Insights
    Would buy again
    99%
    Would buy again
    140 Answers
    No answers on this topic
    Delivers good value for the price
    98%
    Delivers good value for the price
    125 Answers
    No answers on this topic
    Happy with the feature set
    96%
    Happy with the feature set
    137 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    95%
    Lived up to sales and marketing promises
    97 Answers
    No answers on this topic
    Implementation went as expected
    93%
    Implementation went as expected
    116 Answers
    No answers on this topic
    Features
    IBM Planning AnalyticsOracle Hyperion (legacy)
    BI Standard Reporting
    Comparison of BI Standard Reporting features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    6.8
    127 Ratings
    10% below category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Pixel Perfect reports6.8111 Ratings00 Ratings
    Customizable dashboards6.8127 Ratings00 Ratings
    Report Formatting Templates6.7120 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    7.7
    134 Ratings
    0% below category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Drill-down analysis8.2131 Ratings00 Ratings
    Formatting capabilities7.3132 Ratings00 Ratings
    Integration with R or other statistical packages7.9102 Ratings00 Ratings
    Report sharing and collaboration7.4129 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    7.9
    126 Ratings
    0% below category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Publish to Web7.3118 Ratings00 Ratings
    Publish to PDF8.5119 Ratings00 Ratings
    Report Versioning7.8115 Ratings00 Ratings
    Report Delivery Scheduling8.1105 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    7.6
    129 Ratings
    4% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)8.0128 Ratings00 Ratings
    Location Analytics / Geographic Visualization7.7118 Ratings00 Ratings
    Predictive Analytics7.8116 Ratings00 Ratings
    Pattern Recognition and Data Mining6.848 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    8.5
    134 Ratings
    1% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Multi-User Support (named login)8.5132 Ratings00 Ratings
    Role-Based Security Model8.2132 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)8.4133 Ratings00 Ratings
    Report-Level Access Control8.760 Ratings00 Ratings
    Single Sign-On (SSO)8.7125 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    7.5
    113 Ratings
    2% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Responsive Design for Web Access7.5110 Ratings00 Ratings
    Mobile Application7.670 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile6.783 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    8.3
    146 Ratings
    3% above category average
    Oracle Hyperion (legacy)
    10.0
    22 Ratings
    8% above category average
    Long-term financial planning8.0142 Ratings10.017 Ratings
    Financial budgeting8.3144 Ratings10.020 Ratings
    Forecasting8.7142 Ratings10.021 Ratings
    Scenario modeling8.6141 Ratings10.016 Ratings
    Management reporting7.9141 Ratings10.021 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    8.3
    135 Ratings
    7% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Financial data consolidation9.0128 Ratings00 Ratings
    Journal entries and reports9.1117 Ratings00 Ratings
    Multi-currency management8.4122 Ratings00 Ratings
    Intercompany Eliminations8.5117 Ratings00 Ratings
    Minority Ownership7.5110 Ratings00 Ratings
    Local and consolidated reporting7.4126 Ratings00 Ratings
    Detailed Audit Trails8.0128 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    8.2
    136 Ratings
    1% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Financial Statement Reporting7.6131 Ratings00 Ratings
    Management Reporting8.0132 Ratings00 Ratings
    Excel-based Reporting8.6135 Ratings00 Ratings
    Automated board and financial reporting8.2123 Ratings00 Ratings
    XBRL support for regulatory filing8.588 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    8.1
    138 Ratings
    7% above category average
    Oracle Hyperion (legacy)
    8.2
    20 Ratings
    9% below category average
    Personalized dashboards8.2136 Ratings8.018 Ratings
    Color-coded scorecards7.9131 Ratings7.115 Ratings
    KPIs7.7134 Ratings9.917 Ratings
    Cost and profitability analysis8.2132 Ratings9.917 Ratings
    Key Performance Indicator setting8.3131 Ratings8.015 Ratings
    Benchmarking with external data8.3102 Ratings6.013 Ratings
    Integration
    Comparison of Integration features of IBM Planning Analytics and Oracle Hyperion (legacy)
    Feature
    IBM Planning Analytics
    9.0
    136 Ratings
    11% above category average
    Oracle Hyperion (legacy)
    -
    Ratings
    Flat file integration8.9133 Ratings00 Ratings
    Excel data integration9.2133 Ratings00 Ratings
    Direct links to 3rd-party data sources8.8125 Ratings00 Ratings
    Best Alternatives
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Small Businesses
    No answers on this topic
    No answers on this topic
    Medium-sized Companies
    Centage
    Score9.4 out of 10
    No answers on this topic
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score7 out of 10
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Likelihood to Recommend
    8.0
    (147 ratings)
    10.0
    (23 ratings)
    Likelihood to Renew
    9.1
    (5 ratings)
    5.0
    (1 ratings)
    Usability
    8.0
    (70 ratings)
    -
    (0 ratings)
    Support Rating
    7.3
    (93 ratings)
    8.0
    (1 ratings)
    Data Sharing and Collaboration
    9.0
    (3 ratings)
    -
    (0 ratings)
    Data Sources
    9.0
    (3 ratings)
    -
    (0 ratings)
    Ease of integration
    7.3
    (1 ratings)
    -
    (0 ratings)
    Product Scalability
    6.4
    (2 ratings)
    -
    (0 ratings)
    User Testimonials
    IBM Planning AnalyticsOracle Hyperion (legacy)
    Likelihood to Recommend
    IBM
    Overall, I rate IBM Planning Analytics 8/10 because it provides substantial value for complex, repeatable enterprise Finance planning and analysis. I would rate it even higher with a simpler business-user experience, easier model maintenance and troubleshooting, stronger data integration, and more AI-driven capabilities to automatically identify and explain financial variances.
    Incentivized
    Read full review
    Discontinued Products
    Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement. Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
    Incentivized
    Read full review
    Pros
    IBM
    • Certain accounts (Sales (incl. Sales Reductions), SG&A) are loaded centrally based on ERP data, reducing manual input and potential errors
    • While some accounts (mainly resources, PCOS, variances and OOIE) will continue to be filled manually into IBM Planning Analytics. This shift will allow for a more integrated approach to data management
    • The central sales tool for all scenarios (ACT, CF, CFM, and BP), offering both a consolidated overview as well as detailed data for non‑consolidated entities or total entity sales (including internal sales). The system provides all key sales KPIs, including growth rates
    • Web-based workflow to support controllers with the MBR (Monthly Business Report) creation and submission
    Incentivized
    Read full review
    Discontinued Products
    • This product handles budgeting by Employee and/or Position very well. It is highly flexible and allows Hyperion administrators the ability to develop a planning application that fits a variety of different business needs.
    • It is great at calculating benefits using business rules to automate the population of these fringe costs in the overall budget planning process. This greatly reduces user error.
    • It allows you to seed the operating budget based on changes to key drivers, such as percentage increases, flat dollar increases and more detailed changes using business rules.
    • Allows visibility into the plans for each unit across the organization, rolled up into an overall budget for the campus.
    • It handles the creation of budgets with multiple chartfield segments or dimensions, which most other budgeting systems cannot handle well. It can aggregate these very quickly.
    Incentivized
    Read full review
    Cons
    IBM
    • sometimes it is hard to produce pixel perfect reports from the Web UI. I know it is not made for this, but still, it'll be great
    • getting in e.g. an Excel file just by drag and drop, and the AI should "understand" what the data is all around
    Incentivized
    Read full review
    Discontinued Products
    • One pain point for us is the consolidation and translation process. Needing to translate the data over and over again is frustrating and there is no visibility into how many users are running a translation. If multiple users attempt to translate the same data set, say goodbye to your performance but you have no way of knowing! (Unless you want to pull up a task audit which is not a very realistic expectation). It has the been the quickest way for us to bring the system to it's knees. The consolidation process performs in direct correlation to the complexity of the calculation/consolidation rules. So, while the product is extremely flexible, you still have to be careful how you design your rules and calculations to make sure that you do it on the smallest subset of data as possible to avoid large processing times. This makes sense, but requires some significant expertise that most organizations do not have in-house.
    • The Hyperion Financial Reporting product is ridiculously outdated and clunky to use. The interface for designing reports is not intuitive, and not easy to modify once a report is built. I think there must be a strategic decision to move away from it and go to something more like Oracle BI because I just can't understand why in the world they don't update the reporting product. It also requires a significant level of expertise to be able to use. Not a great solution at all if you want multiple end-users to create reports in something other than Excel. Nobody except the HFM admin (which I used to be) in our company even touches this module.
    • Another pain point is the amount of IT support that is required to run this thing, and again, specialized knowledge of Hyperion products and how they work is required for IT to adequately support it. This goes for application servers and the Oracle database that the applications are running on.
    Read full review
    Likelihood to Renew
    IBM
    Since IBM Cognos Express is suitable only for medium data warehouse environment, we are not sure if this tool solves the long term need as the business keeps growing rapidly. So its a 50/50 ratio to renew Express license. But having said that, the components of IBM Cognos Express are also available in other Cognos BI suites like Cognos 10.x version. So we will probably upgrade our environment to IBM Cognos 10.x which comes with more new features.
    Read full review
    Discontinued Products
    We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
    Read full review
    Usability
    IBM
    IBM Planning Analytics is generally good in terms of functionalities. It can be used reduce time for budget planning, resource planning, demand forecasting, etc. The performance of IBM Planning Analytics is acceptable, but user interface can be improved. It would be good to see new features that allow users to customise the dashboard.
    Incentivized
    Read full review
    Discontinued Products
    No answers on this topic
    Support Rating
    IBM
    IBM support has been very quick to respond and handle the very few issues we've had. We've had a third-party who partners with IBM to be our consulting team which has helped greatly reduce the need for us to contact IBM directly. I highly recommend researching and selecting a well-respected partner to help with an implementation as well as ongoing support as needed.
    Incentivized
    Read full review
    Discontinued Products
    The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
    Incentivized
    Read full review
    Alternatives Considered
    IBM
    For strong technical teams and flexibility IBM Planning Analytics is the way to go. For quicker adoption and less technical teams Anaplan is the best option. If consolidation, financials, and moving from legacy tools are main focus than OneStream will be a really good choice. If deeply invested into SAP already than the SAP BPC will be the best fit to maintain the investment.
    Incentivized
    Read full review
    Discontinued Products
    I use Oracle Hyperion Enterprise Performance Mangement because the company I work at requires me to use it in the Financial Planning sector as most of their data is stored in it. I am open minded and ready to use other performance management tools created by Oracle if my work permits.
    Incentivized
    Read full review
    Scalability
    IBM
    it's built for large enterprise rollouts to many users, with on-premises, cloud and hybrid options. The query service is mature and uses caching, and governance and security hold up at scale.
    Incentivized
    Read full review
    Discontinued Products
    No answers on this topic
    Return on Investment
    IBM
    • Automate direct data connections to multiple data sources
    • One secured version of the the truth (for data and formulas)
    • Ability to scale to much more detailed planning with option to create predictive forecasts at detail
    • Business user friendly with powerful Excel integration
    • Very flexible and powerful modeling, can handle custom modeling needs at scale
    • Can make the same data available across finance and ops, but at the level of details and timeline that makes sense for them
    Incentivized
    Read full review
    Discontinued Products
    • Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. From that perspective the ROI is huge.
    • Oracle Hyperion functionality is extensive and allows us to perform most functions for planning, consolidating and reporting on our financial data.
    • One negative with Oracle Hyperion is that it is complicated to implement and maintain. It takes expertise at all levels (infrastructure and management) to realize the benefits from it.
    Incentivized
    Read full review
    ScreenShots

    IBM Planning Analytics Screenshots

    Screenshot of Workflow managementScreenshot of Income statementScreenshot of Margin analysisScreenshot of Metrics managementScreenshot of Income statementScreenshot of Expense analysis