Essbase vs Jedox

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Our analysts compared Essbase vs Jedox based on data from our 400+ point analysis of EPM Software, user reviews and our own crowdsourced data from our free software selection platform.

Essbase Software Tool

Product Basics

Essbase is a cloud-based enterprise performance management (EPM) solution designed for organizations of all sizes. It helps businesses automate and streamline financial consolidation, budgeting, planning, and forecasting processes. Key benefits include improved data accuracy and consistency, faster time to close, and better decision-making. Popular features include multi-dimensional analysis, workflow management, and integration with other enterprise applications. User reviews highlight its scalability, ease of use, and robust reporting capabilities. Pricing starts at a monthly subscription fee per user, with additional fees depending on features and storage requirements.

Pros
  • Scalable
  • Easy to use
  • Robust reporting
  • Fast consolidation
  • Improved data accuracy
Cons
  • Limited customization
  • Steep learning curve for advanced features
  • High cost
  • Limited integration with other applications
  • Not ideal for small businesses
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Jedox is a solution that helps organizations optimize business processes such as budgeting and forecasting through efficient planning, analysis and reporting. Easy to set up and maintain, it has the flexibility to seamlessly integrate with other sources and be tailored to specific needs and industry requirements. Through intuitive user interfaces as well as mobile accessibility, employees of all technical skill levels can work with data on a self-service basis. It provides flexible deployment options, including SaaS, public or private cloud, on-premises and hybrid.

There are four pricing plans which fulfill the varying requirements of different organizations: Essential, Business, Professional and Performance. Suitable for companies of any size, it can help small and midsize businesses make the jump from spreadsheets to a method of more accurately and transparently planning for the future. It also assists global enterprises in centralizing and streamlining their operations for greater efficiency.
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$80/User, Monthly
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$160 Monthly
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Product Assistance

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Product Insights

  • Speed-Of-Thought Processing: Through both retrospective and predictive analysis, business owners can maximize efficiency and profitability by turning data sources throughout the enterprise into usable information. It is configurable to an organization’s ongoing data needs. 
  • Scalable: Data can be partitioned, cached and processed across platforms, with integrated help from Oracle’s other processing platforms and additional optimization features. 
  • Large User Base Support: Thousands of users can access query results simultaneously without a loss in speed with its load balancing tools. These are essential for companies that are reliant on their employees being able to use and manipulate data. 
  • Easily Usable: Results can be exported to common third-party interfaces, making the data digestible to most audiences. 
  • Oracle Integration Perks: Benefit from the processing advantages of Oracle’s other products, and the company’s efforts in security, data storage, deployment and maintenance that smaller providers will have difficulty matching. 
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  • EPM and BI Together: Jedox simplifies operations by combining the insights of business intelligence with the strategy of enterprise performance management into one unified platform for integrated planning across the organization.
  • Leverage Existing IT: The platform makes sure that companies can protect the competitive advantages and investments made in their existing technologies. Its data integration connects out-of-the-box to many popular enterprise solutions. Jedox also allows analysts who are comfortable with Excel to bring their skills to Jedox with an intuitive, Excel-like interface, helping with user adoption.
  • Compare Targets to Performance: By incorporating reporting and planning, users can unify actuals with their budget confidently and accurately. Predictive and prescriptive analytics help businesses take proactive action with forecasting, as well as assist them in translating strategy into execution.
  • Improves Collaboration: Through its online platform, users can build reports, visualizations and dashboards together, and share data with other teams and entities within their organization. 
  • Scalability: The platform features innovative technologies like cloud computing, artificial intelligence and its multidimensional in-memory database, ensuring it is future-proof to scale up to thousands of users as businesses grow and move forward.
  • Real-Time Insights: Users can access up-to-date dashboards and personalized insights from any modern web browser or the mobile app on a self-service basis. Through this, the system eliminates the need to distribute, collect and process spreadsheets, as well as the arduous process of manual reconciliation.
  • Free Trial: Interested users can register for a 14-day free trial of the SaaS version, Jedox Cloud, which provides access to the full functionality of the platform and its add-ons in the Jedox Marketplace.
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  • Advanced Processing: Its extensive library of functions processes multiple data types. The High Availability Services feature allows processing to occur on several servers, lightening the workload and enabling its market-leading speeds. 
  • Conversible Data: The Outline feature helps view and alter the structures used when finding data and report as the company’s needs change. Adding/changing drivers can forecast what impacts certain decisions might have, assisting in risk management. Depending on the storage type, write-back capabilities are supported. 
  • Data Storage Options: Depending on business needs, it offers either an aggregate storage option (ASO), which allows faster data processing for large, flat dimensions, or a block storage option (BSO), which is tailored for more complex calculations on smaller data sets. 
  • Data Forecasting: View projected results, which can be used for decision making or reviewed later for efficiency and optimization management. Scenarios can be input either manually or through drivers and data. 
  • Results Delivery: Queries can be exported to several platforms, including Excel, to make data more available to less tech-savvy users. Data is presented in easy-to-understand interfaces. 
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  • Data Integrations: The platform’s built-in integration tool, Jedox Integrator, uses extract, transform, load (ETL) processes to wrangle data. It creates a seamless integration for self-service connectivity, with more than 50 out-of-the-box connectors and more available for various databases, cloud data sources, ERP, CRM, BI and marketing systems. 
  • Excel Add-in: Jedox enables users who are more comfortable working in Excel to access the budgeting, forecasting, planning and analytical functionalities of the platform from the native Excel environment. Users can convert their spreadsheets into the solution, building on their existing knowledge of Excel. 
  • Pre-Built Business Content: The solution has a marketplace of pre-built application models and templates tailored for users from industries such as finance, sales, human resources and more. These models come with best-practice solutions to help users start exploring their data quickly.
  • Predictive Analytics: Jedox uses advanced in-memory modeling and artificial intelligence to help users circumvent the volatility of ever-changing data, running what-if scenarios, trend analysis and more. 
  • Data Governance: Jedox allows administrators to manage access to sensitive information at a granular level down to a single cell. It also provides role-based access, event-driven user interactions, audit logs and differentiated licenses for various user types.
  • Mobile App: Jedox has a native, touch-friendly app for iOS and Android systems that helps employees out of the office stay connected to their reports and analytics. The app supports sharing and offline access capabilities.
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Product Ranking

#12

among all
EPM Software

#23

among all
EPM Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Capital Expenditure Planning Cash Management Financial Consolidation And Reconciliation Planning, Budgeting,and Forecasting Platform Capabilities Profitability Modelling And Analysis Project Planning Reports And Dashboards Revenue Planning Sales Planning Workforce Planning 81 98 87 93 91 97 64 88 100 100 98 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 444 reviews
Great User Sentiment 226 reviews
82%
of users recommend this product

Essbase has a 'great' User Satisfaction Rating of 82% when considering 444 user reviews from 2 recognized software review sites.

88%
of users recommend this product

Jedox has a 'great' User Satisfaction Rating of 88% when considering 226 user reviews from 2 recognized software review sites.

4.3 (232)
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4.41 (113)
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4.4 (113)
3.9 (212)
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Awards

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SelectHub research analysts have evaluated Jedox and concluded it earns best-in-class honors for Sales Planning.

Sales Planning Award

Synopsis of User Ratings and Reviews

Scalability: Handles large data volumes and complex models efficiently.
Robust Security: Ensures data privacy and compliance with industry standards.
Intuitive Interface: Easy to use for basic tasks, with advanced features for experienced users.
Fast Consolidation: Streamlines financial processes and reduces closing time.
Improved Data Accuracy: Provides reliable insights for informed decision-making.
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Excel Integration: Jedox seamlessly integrates with Excel, allowing users to leverage their existing spreadsheet skills and formulas while benefiting from enhanced data analysis and reporting capabilities. This familiarity reduces the learning curve and empowers users to quickly adapt to the platform.
OLAP Server: The integrated OLAP server enables efficient data analysis across multiple dimensions, empowering users to slice and dice information, drill down into details, and gain deeper insights from their data. This capability is particularly valuable for complex financial modeling and reporting tasks.
Web-Based Interface: Jedox offers a user-friendly web-based interface that allows access to reports and dashboards from anywhere with an internet connection. This accessibility promotes collaboration and facilitates data-driven decision-making across teams and departments.
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Steep Learning Curve: Mastering advanced features requires significant training and experience.
Limited Customization: Out-of-the-box functionality may not meet specific needs without customization.
High Cost: Licensing and implementation costs can be significant, especially for large organizations.
Limited Integration with Other Applications: May require additional development effort to integrate with other business tools.
Not Ideal for Small Businesses: Feature complexity and cost may outweigh the benefits for smaller organizations.
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Steep Learning Curve: Many users find Jedox to be quite complex, especially those transitioning from simpler spreadsheet applications. The interface, while feature-rich, can feel overwhelming to new users due to the multitude of options and functionalities.
Performance Issues: Some users report experiencing slow performance, particularly when working with large datasets or complex models. This can hinder productivity and lead to frustration, especially for time-sensitive tasks.
Limited Mobile Functionality: The mobile app for Jedox has received criticism for its limited functionality compared to the desktop version. This can be a drawback for users who require on-the-go access to their data and models.
Cost: Jedox's pricing structure can be a barrier for smaller businesses or those with limited budgets. The cost of licenses and implementation services can add up quickly, making it a significant investment.
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Essbase is a multidimensional database with a fast querying engine and an intuitive interface. Available both in the cloud or on-premises, it enables users to build and manage analytic applications, which can be migrated to the cloud. It features a robust set of tools to perform planning, forecasting and analytics. Users can slice and dice intersections easily to find specific data. It can be integrated with Excel, enabling users to build budget and forecasting models, with ad hoc reporting capabilities. Users liked the flexibility offered when designing reports, or changing hierarchies. With access to all optimization and tuning options, users are given control of hardware utilizations and other settings. However, users complained that they needed to learn multiple languages, such as Calc scripts, MDX, business rules and Groovy, to leverage the platform’s capabilities. They also found it difficult to export data or integrate it with a data warehouse. Some users reported performance and stability issues, with rare instances of crashes and connection loss. Reviewers also complained about the low level of support provided when critical tickets are submitted, some of which are closed without providing any solution. Overall, it’s a flexible solution with a powerful calculation engine to drive business insights.

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Jedox has garnered a reputation for its robust data modeling capabilities and Excel integration, making it a popular choice for organizations with existing Excel-based processes. Users appreciate the familiar interface and the ability to leverage their existing Excel skills, reducing the learning curve and facilitating user adoption. The platform's strength lies in its ability to handle complex calculations and data manipulations, making it suitable for financial planning, budgeting, and forecasting tasks. However, some users find the interface outdated and less intuitive compared to modern cloud-based solutions. Additionally, while Jedox offers cloud deployment options, its on-premise roots can lead to challenges with scalability and accessibility for remote teams. When compared to competitors like Anaplan and Adaptive Insights, Jedox stands out with its powerful OLAP engine and Excel integration. This makes it a preferred choice for organizations that prioritize data analysis and manipulation capabilities. However, Jedox may fall short in terms of user-friendliness and collaboration features, where cloud-native platforms often excel. The platform's pricing structure, which can be complex and involve multiple components, is another factor that potential users should carefully consider. Ultimately, Jedox is best suited for organizations with strong Excel expertise and a need for advanced data modeling and analytical capabilities, particularly in finance and controlling departments.

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