What users are saying about
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
127 Ratings
203 Ratings

IBM Planning Analytics

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
127 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.6 out of 100
203 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.9 out of 100

Likelihood to Recommend

IBM Planning Analytics

Using the IBM Planning Analytics platform in addition to saving time and money, will make your business smarter and show you the future of the trading market. Before you lose money, it warns you to stop producing in a specific geographical area or increase production elsewhere. All this is the middle of the artificial intelligence used in this platform. does not require any background information on programming and the science of data processing and analysis, and all reports are transparent and logical and save the life and costs of the organization.
Ali Kazempour | TrustRadius Reviewer

Oracle Hyperion

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.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

IBM Planning Analytics
7.0
Oracle Hyperion
7.1
Pixel Perfect reports
IBM Planning Analytics
7.0
Oracle Hyperion
7.0
Customizable dashboards
IBM Planning Analytics
7.2
Oracle Hyperion
6.7
Report Formatting Templates
IBM Planning Analytics
6.9
Oracle Hyperion
7.7

Ad-hoc Reporting

IBM Planning Analytics
7.4
Oracle Hyperion
7.4
Drill-down analysis
IBM Planning Analytics
7.8
Oracle Hyperion
8.3
Formatting capabilities
IBM Planning Analytics
7.2
Oracle Hyperion
7.6
Integration with R or other statistical packages
IBM Planning Analytics
7.3
Oracle Hyperion
7.1
Report sharing and collaboration
IBM Planning Analytics
7.4
Oracle Hyperion
6.6

Report Output and Scheduling

IBM Planning Analytics
7.6
Oracle Hyperion
6.5
Publish to Web
IBM Planning Analytics
7.8
Oracle Hyperion
5.8
Publish to PDF
IBM Planning Analytics
7.5
Oracle Hyperion
6.0
Report Versioning
IBM Planning Analytics
7.6
Oracle Hyperion
7.0
Report Delivery Scheduling
IBM Planning Analytics
7.4
Oracle Hyperion
7.2

Data Discovery and Visualization

IBM Planning Analytics
7.2
Oracle Hyperion
7.1
Pre-built visualization formats (heatmaps, scatter plots etc.)
IBM Planning Analytics
7.5
Oracle Hyperion
6.9
Location Analytics / Geographic Visualization
IBM Planning Analytics
7.1
Oracle Hyperion
7.2
Predictive Analytics
IBM Planning Analytics
7.1
Oracle Hyperion
7.1

Access Control and Security

IBM Planning Analytics
8.1
Oracle Hyperion
7.5
Multi-User Support (named login)
IBM Planning Analytics
8.1
Oracle Hyperion
7.4
Role-Based Security Model
IBM Planning Analytics
7.9
Oracle Hyperion
6.5
Multiple Access Permission Levels (Create, Read, Delete)
IBM Planning Analytics
8.0
Oracle Hyperion
7.6
Single Sign-On (SSO)
IBM Planning Analytics
8.2
Oracle Hyperion
8.4

Mobile Capabilities

IBM Planning Analytics
7.3
Oracle Hyperion
5.5
Responsive Design for Web Access
IBM Planning Analytics
6.9
Oracle Hyperion
5.6
Dedicated iOS Application
IBM Planning Analytics
7.5
Oracle Hyperion
5.0
Dedicated Android Application
IBM Planning Analytics
7.6
Oracle Hyperion
5.0
Dashboard / Report / Visualization Interactivity on Mobile
IBM Planning Analytics
7.3
Oracle Hyperion
6.3

Budgeting, Planning, and Forecasting

IBM Planning Analytics
8.1
Oracle Hyperion
8.3
Long-term financial planning
IBM Planning Analytics
8.2
Oracle Hyperion
8.5
Financial budgeting
IBM Planning Analytics
8.3
Oracle Hyperion
8.6
Forecasting
IBM Planning Analytics
8.1
Oracle Hyperion
8.2
Scenario modeling
IBM Planning Analytics
8.0
Oracle Hyperion
7.7
Management reporting
IBM Planning Analytics
7.7
Oracle Hyperion
8.6

Consolidation and Close

IBM Planning Analytics
7.5
Oracle Hyperion
7.9
Financial data consolidation
IBM Planning Analytics
7.5
Oracle Hyperion
8.4
Journal entries and reports
IBM Planning Analytics
7.0
Oracle Hyperion
8.0
Multi-currency management
IBM Planning Analytics
7.8
Oracle Hyperion
8.4
Intercompany Eliminations
IBM Planning Analytics
7.5
Oracle Hyperion
7.6
Minority Ownership
IBM Planning Analytics
7.1
Oracle Hyperion
7.4
Local and consolidated reporting
IBM Planning Analytics
7.7
Oracle Hyperion
7.9
Detailed Audit Trails
IBM Planning Analytics
7.8
Oracle Hyperion
7.7

Financial Reporting and Compliance

IBM Planning Analytics
7.8
Oracle Hyperion
8.2
Financial Statement Reporting
IBM Planning Analytics
7.9
Oracle Hyperion
8.5
Management Reporting
IBM Planning Analytics
8.0
Oracle Hyperion
8.5
Excel-based Reporting
IBM Planning Analytics
8.3
Oracle Hyperion
8.9
Automated board and financial reporting
IBM Planning Analytics
7.5
Oracle Hyperion
7.7
XBRL support for regulatory filing
IBM Planning Analytics
7.3
Oracle Hyperion
7.5

Analytics

IBM Planning Analytics
7.5
Oracle Hyperion
7.4
Personalized dashboards
IBM Planning Analytics
7.7
Oracle Hyperion
7.9
Color-coded scorecards
IBM Planning Analytics
7.3
Oracle Hyperion
7.1
KPIs
IBM Planning Analytics
7.3
Oracle Hyperion
7.2
Cost and profitability analysis
IBM Planning Analytics
7.8
Oracle Hyperion
7.8
Key Performance Indicator setting
IBM Planning Analytics
7.5
Oracle Hyperion
7.2
Benchmarking with external data
IBM Planning Analytics
7.6
Oracle Hyperion
7.5

Integration

IBM Planning Analytics
7.9
Oracle Hyperion
8.1
Flat file integration
IBM Planning Analytics
8.1
Oracle Hyperion
8.3
Excel data integration
IBM Planning Analytics
8.1
Oracle Hyperion
8.7
Direct links to 3rd-party data sources
IBM Planning Analytics
7.6
Oracle Hyperion
7.5

Pros

IBM Planning Analytics

  • Cognos TM1 is great for planning, both workforce and financial, as it allows for complex hierarchies to be built and maintained via automated routines and simple scripts.
  • Cognos TM1 ability to directly connect to an external system and extract data allows you to roll your own ETL processes and keep the bottleneck (that is IT) out of your financial consolidation project.
  • Cognos TM1 has the ability to be both cloud based and fully on-premise which is of great for institutions that are cloud adverse and want an alternative Adaptive Analytics.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

  • 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.
Teal Sexton | TrustRadius Reviewer

Cons

IBM Planning Analytics

  • The ETL tool (Turbo Integrator) is very powerful, but a bit clunky: It has no debugging tool provided and doesn't even offer a simple Find function. As a result, many developers use Notepad++ with a Language template to assist in development.
  • Cube rules are an extremely powerful tool that is hard to match in the industry. The problem here is similar to TI, there is no debugging tool available, though the Rules Editor at least provides a Find/Replace function.
  • The relatively new Performance Modeler (PM) has some nice features and can be a nice tool as a replacement for Turbo Integrator (TI) and Rules. The problem is that once you develop with PM, you cannot go back to TI or the Rules Editor and you cannot "tweek" the PM code to improve performance or allow for exceptions or special circumstances that the PM interface does not handle.
Christopher Redmond | TrustRadius Reviewer

Oracle Hyperion

  • 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.
Matt Downing | TrustRadius Reviewer

Likelihood to Renew

IBM Planning Analytics

IBM Planning Analytics 8.3
Based on 4 answers
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.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

Oracle Hyperion 5.0
Based on 1 answer
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.
Matt Downing | TrustRadius Reviewer

Usability

IBM Planning Analytics

IBM Planning Analytics 7.4
Based on 12 answers
Its overall usability is one of the key reasons why we decided to move away from Cognos BI. It is less complicated to use and end-user can more effectively and efficiently use the tool with training and little interaction with IT.
Christopher Thomas | TrustRadius Reviewer

Oracle Hyperion

No score
No answers yet
No answers on this topic

Support Rating

IBM Planning Analytics

IBM Planning Analytics 7.3
Based on 52 answers
Could be better at listening and/or having more interaction to understand the problems reported. We have a bit too much back and forth getting points across to support and achieving their understanding of the problem when an actual conversation would illuminate the issue quicker and more fully.
Charles Cardin | TrustRadius Reviewer

Oracle Hyperion

Oracle Hyperion 8.0
Based on 1 answer
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.
Anonymous | TrustRadius Reviewer

Alternatives Considered

IBM Planning Analytics

Other tools include Essbase, Outlooksoft, and BPC. When comparing the length of the implementation and the speed of the engine, IBM is the fastest on the market. I have not yet found a calculation or planning approach that cannot be done with IBM PA. In one situation, an allocation that took 24+ hours in another tool was created in Planning Analytics and only took 45 minutes to run.
lee lazarow | TrustRadius Reviewer

Oracle Hyperion

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.
Ricky Bhatia | TrustRadius Reviewer

Return on Investment

IBM Planning Analytics

  • Increased employee efficiency. Employees have more time to analyze the results because little time is spent gathering or compiling data
  • More accurate forecasts and predictions based on the data due to it's efficiency
  • Better planning for future years based on accurate historical data
Anonymous | TrustRadius Reviewer

Oracle Hyperion

  • 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.
Anonymous | TrustRadius Reviewer

Pricing Details

IBM Planning Analytics

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Oracle Hyperion

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

IBM Planning Analytics
8.7
Oracle Hyperion
8.2

Likelihood to Renew

IBM Planning Analytics
8.3
Oracle Hyperion
5.0

Usability

IBM Planning Analytics
7.4
Oracle Hyperion

Support Rating

IBM Planning Analytics
7.3
Oracle Hyperion
8.0

Scalability

IBM Planning Analytics
9.1
Oracle Hyperion

Add comparison