Essbase

(16)
3.7 out of 5 stars

Oracle Essbase is the industry-leading multi-dimensional online analytical processing (OLAP) server, providing a rich environment for effectively developing custom analytic and enterprise performance management applications.

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Essbase review by <span>Mariah N.</span>
Mariah N.
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Essbase pros outweigh the cons

Updated On
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What do you like best?

Essbase uses a simple cube based hierarchy structure. This means that manipulating the data utilizes the user-friendly star schema and that integrating new users, new products and new cubes is very easy.

What do you dislike?

Because of the cube system, drilling into order line level detail is virtual impossible without expensive data warehouse storage. Even then, a line level order would not work in essbase reporting. Therefore you would still need an SSRS reporting system to get order level information in a reporting form.

What business problems are you solving with the product? What benefits have you realized?

We have used Essbase successfully to manage our commissions reporting. Since this is not line level detail, the confidentiality associated with commissions has become nonexistent. We can manage our reporting needs for commissions while keeping the actual detailed payments concealed. This allows multiple users to work on commissions and see commissions reporting by region that would not have had the security clearance otherwise.

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Essbase review by <span>Justin P.</span>
Justin P.
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Useful for Excel Plugin

Reviewed On
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What do you like best?

At first, I was unsure what Essbase could be used for in my insurance industry. We have begun to use it for advanced analytics.

What do you dislike?

The excel plugin, while useful, has default settings that make normal use of excel more difficult.

Recommendations to others considering the product

Definitely requires training and help in choosing how to use it. Not for those who struggle with more common computer programs.

What business problems are you solving with the product? What benefits have you realized?

We have used it to pull deeper data for loss trends and history.

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Essbase review by Consultant in Information Technology and Services
Consultant in Information Technology and Services
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Excellent product for Corporate Finance

Reviewed On
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What do you like best?

The simplicity with which the end result can be presented to users for financial analysis using Drill up/down and drill through mechanism to get a real picture of financial data. The ease of importing data along with the ease of defining hierarchies in Essbase cube works like a charm.Business logic using the custom language is pretty logical and easy to learn and adapt.

What do you dislike?

Very rarely, there are times when the cube doesn't behave in the way expected even if all the hierarchy's are properly defined. Automation of the cubes can sometimes be annoying.

Recommendations to others considering the product

It's a nice product. I would definitely recommend it along with other features like the Planning tool.

What business problems are you solving with the product? What benefits have you realized?

We built the essbase cube and on top of it we used HFR for financial reporting. For all kinds of analysis there was the Essbase plugin to slice and dice the data. We managed to give a great deal of insight to our customer on their financial data which they didn't have till we built the solution for them using Essbase.

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Essbase review by <span>Steven R. M.</span>
Steven R. M.
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Good product pain to manage

Reviewed On
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What do you like best?

The business loved the functionality, especially drill down data when this was the back end for Hyperion for budgeting or Demantra for demand planning.

What do you dislike?

Was a much better product before Oracle bought it. Hard to manage and even harder to keep updated. And the licensing model is terrible. We also ran into issues where sales reps said one thing and then got caught in an audit and price went up drastically after implementation.

Recommendations to others considering the product

unless you are willing to use an Oracle Partner for setup and Upgrades this is a difficult product to install and maintain.

What business problems are you solving with the product? What benefits have you realized?

Better budgeting process, and clearer business hierarchy.

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Essbase review by Consultant in Financial Services
Consultant in Financial Services
Review Source
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Verified Current User
What do you like best?

Once you are comfortable using Hyperion Essbase, it is an extremely simple and useful tool to use to obtain needed data. I like that you are able to suppress items such as missing rows or rows with no data present. You can tailor a spreadsheet to easily see only the data you need.

What do you dislike?

Depending on the size of the data set, Essbase often takes a considerable amount of time to run.

Recommendations to others considering the product

It is a great tool for housing a large set of data. Also easy to use once learned and can access particular data in a quick way.

What business problems are you solving with the product? What benefits have you realized?

We are solving a number of issues with Plan data for next year, correctly billing the correct accounting units for services used, etc. The primary benefit is that all of our data is in one centralized location for easy access.

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Essbase review by User in Insurance
User in Insurance
Review Source

Oracle Essbase Review

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What do you like best?

Essbase is great at pulling information from different cubes to use across the organization, and the currency converter can be useful too.

What do you dislike?

Using the Essbase Excel Add-In certainly causes Excel 2016 to become more buggy to the extent that I must turn off the Essbase Add-In from the default settings.

Recommendations to others considering the product

Check off Essbase from default add-ins if using Excel 2016

What business problems are you solving with the product? What benefits have you realized?

As an insurance user, our company uses Essbase to pull Income Statement Information to develop various reports across different lines for our business product.

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