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Jedox vs Oracle Essbase 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

Jedox
Average Rating
8.0
Reviews Sentiment
6.7
Number of Reviews
13
Ranking in other categories
Business Performance Management (4th)
Oracle Essbase
Average Rating
8.4
Reviews Sentiment
5.5
Number of Reviews
14
Ranking in other categories
Database Development and Management (12th)
 

Mindshare comparison

Jedox and Oracle Essbase aren’t in the same category and serve different purposes. Jedox is designed for Business Performance Management and holds a mindshare of 5.7%, up 4.0% compared to last year.
Oracle Essbase, on the other hand, focuses on Database Development and Management, holds 1.0% mindshare, up 0.9% since last year.
Business Performance Management
Database Development and Management
 

Featured Reviews

Riyaz Halani - PeerSpot reviewer
Powerful BI tool for analyzing financial performance and stable performance
I would rate the scalability of Jedox a seven out of ten. There is room for improvement in the scalability. It is a very massive tool. It's not easy to just build everything yourself. So that's where the main improvements lie—making it easy for people to not depend on just technical finance teams. There are almost 50 to 60 users using Jedox in our organization.
RANOJOY PAUL - PeerSpot reviewer
Stores multidimensional data, good customer support and interface is very easy
It is very fast compared to other normal databases, like SQL and MySQL. It doesn't store data in tables in the back end. To load data into Essbase, we need to prepare it in a table format. When we find the data in the table, we need to verify it. This way, you can rate the data. But Essbase stores multidimensional data. We have dimensions, which means the data belongs to some company or some time period. For example, if you work for three years, your salary should be something. In this way, we prepare top-level members called dimensions. The dimension defines your position, the year, and the section you were working in the company. We get an intersection of all these dimensions for certain data, and fetching that data is very fast in Essbase compared to normal SQL. If you store this data in a normal SQL table, you need to prepare a row with your company name, employee name, employee ID, joining date, and everything, and then you need to push it into a SQL table. You can search it using your query, but here, that thing is different. Here, you can collect data using forms, reports, and we use a Microsoft tool, which is an add-in called Smart View. Using that, you would just take that data. Here, you need to just create an integration of all these dimensions, and then only you can find the data.

Quotes from Members

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

Pros

"The solution is quick with analysis and calculation. The tool offers high digitalization which helps us to run the controlling department with less number of people. If the software wasn't there, I would need two to three people extra to run the department."
"The solution is very versatile."
"The ETL itself was pretty useful and it's integrated in the tenant itself. So the Olap service technology was impressive to me. In order to extract that and load it in the tube in the same tenant or the same tool that was something magnificent because I actually missed this in SEB. SEB requires another tool, and you have to integrate all the tools together. But for Jedox, it was in the one tool."
"The customer porting is the most valuable feature."
"The ease of reporting is one of Jedox's most valuable features."
"The main strength of Jedox lies in mastering the navigation, especially the Excel add-in."
"The data entry point is most valuable. The way we can customize our report or do data entry is very good."
"We use the tool for performance management and planning."
"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."
"The solution is stable and reliable."
"The solution can handle a large volume of data."
"It helps us fetch specific data sets per users' requirements."
"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 is highly efficient and easily scalable, particularly for handling large databases."
"Oracle Essbase is a web integration system that integrates with other data systems."
"It is very fast compared to other normal databases, like SQL and MySQL."
 

Cons

"From a development perspective, there's room for improvement in the area called the designer, where you actually build your reports to make it easier to manage the process."
"There is room for improvement in the scalability. It is a very massive tool. It's not easy to just build everything yourself."
"More emphasis is needed on the availability of the learning aspect of the solution. Because unless you take up their course that enables you to be an expert in creating the report, you must seek help."
"The solution should enable a modern look and feel in the front end."
"The solution needs to improve its support. The visualization in Microsoft BI is more modern and comfortable than Jedox's. I would expect something similar with the solution."
"I don't find it particularly user-friendly."
"Online pixel-perfect reporting is an aspect that has room for improvement."
"Visualization is something they need to improve. We have already told them about this, and they should be working on it."
"The solution could enhance business analytics. I delved into the data using Oracle Essbase to create a new support tool."
"The reporting tool of Essbase needs improvement."
"The consolidation engine, which is HFM or FCCS, needs some room for improvement."
"The main concern is that Oracle is ending on-premises server support, so it would be better if there was a cloud platform available for Oracle Essbase."
"It's an expensive product to use."
"The initial setup is pretty complex."
"The initial setup could be simplified."
"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."
 

Pricing and Cost Advice

"We paid a one-time fee, which included product purchase, licensing, and first-time implementation. We are paying for the maintenance regularly."
"If you are using SAP, then you will have to take an SAP Connector license. The license across the tool is paying for the people who are using it as an admin or as a normal user. They can work out those costs in a manner that can help. This can also be a point of improvement where they can work out the costing, and the developers have a specific licensing cost. The normal users, who are going to do probably data entry or just going to view the dashboard, can have a separate license cost."
"The product’s pricing will not be suitable for setting up a small solution."
"Jedox was a bit cheaper compared to Calumo."
"Excellent value for money."
"The solution's pricing is specific to your requirements."
"I believe the licensing is on a monthly base."
"It is a costly solution."
"The solution is expensive."
"Essbase is competitively priced."
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Top Industries

By visitors reading reviews
Computer Software Company
18%
Retailer
13%
Comms Service Provider
8%
Financial Services Firm
7%
Financial Services Firm
23%
Computer Software Company
11%
Insurance Company
7%
Manufacturing Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about Jedox?
The ease of reporting is one of Jedox's most valuable features.
What is your experience regarding pricing and costs for Jedox?
The solution's pricing is specific to your requirements.
What needs improvement with Jedox?
There is not much training for Jedox. There was no training available in the beginning at all. I had to reach out to them so they would give us something. I think they're getting better, though. Th...
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...
 

Also Known As

Jedox EPM
Essbase
 

Overview

 

Sample Customers

BP, Fiat, Carrefour, Continental, Allianz, Bacardi, McDonald’s, Netafim, Swiss Post, Telstra, Suzuki, Vodafone, University of Western Australia, Unilever
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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