Why the Store Text In Essbase Add-In Is UsefulThis Excel Add-In compresses strings so that they can be stored directly in Essbase as numbers. The Add-In exists to host the two formulas, to compress and decompress. Traditionally, we learned that Essbase could not store text. This is because of the way the database engine is optimized for financial data. This is still true, although in version 11, Oracle has added the ability to store â€œtyped measures,â€� which means dates or enumerated strings.