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Web Analysis was formerly known as Hyperion Analyzer and before that Wired for OLAP. This was a tool built for Essbase, and then later enabled for HFM. The tools should be used for simple dashboards. The first thing to keep in mind when building this type of report is that you need to have a design already conceived. Do not fall into the trap of asking what the tool can do, and only getting, “Well, what do you want it do?” as an answer. If you can define a set of dashboards and reports at the outset, you can build a better application to support these reports.
If you are planning to invest in some dashboards, you might want to consider Oracle Business Intelligence Enterprise Edition (OBIEE). OBIEE will become strategic to HFM reporting in future releases.