Compare IBM Cognos BI and Workday Adaptive Planning - Dec 2022

Shlomi LaviShlomi Lavi / Dec 28, 2022

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Bottom Line: Which is Better - IBM Cognos BI or Workday Adaptive Planning?

Workday Adaptive Planning is more expensive to implement (TCO) than IBM Cognos BI, and Workday Adaptive Planning is rated higher (94/100) than IBM Cognos BI (92/100). Workday Adaptive Planning offers users more features (15) than IBM Cognos BI (3).

Looking for the right Business Intelligence solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

IBM Vs. Workday

IBM: International Business Machines Corporation, or IBM, is an American corporation. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Workday: In 2005, software visionaries Dave Duffield and Aneel Bhusri met for brunch at a Truckee diner, a few miles north of Lake Tahoe. They decided to form a startup—one that would sell cloud-based finance and HR software. The two longtime friends had plenty of experience. Dave founded PeopleSoft in 1987 and served as the company's CEO and board chairma...

Who is more expensive? IBM Cognos BI or Workday Adaptive Planning?

The real total cost of ownership (TCO) of Business Intelligence software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for IBM Cognos BI and Workday Adaptive Planning.

IBM Cognos BI price starts at $10 per user/month , On a scale between 1 to 10 IBM Cognos Business Intelligence is rated 6, which is similar to the average cost of Business Intelligence software. Workday Adaptive Planning price starts at $15,000 per license , When comparing Workday Adaptive Planning to its competitors, the software is rated 8 - higher than the average Business Intelligence software cost.

Bottom line: Workday Adaptive Planning is more expensive than IBM Cognos BI.

Which software includes more/better features?

We've compared IBM Cognos BI Vs. Workday Adaptive Planning based on some of the most important and required Business Intelligence features.

IBM Cognos BI: Data Import/Export, Basic Reports, Online Customer Support.

Workday Adaptive Planning: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting.

Target customer size

IBM Cognos can be deployed for the business intelligence needs of any business regardless of size and type. Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning.



IBM Cognos BI

ITQlick rating
(4.1/5)

starts at $10 per user/month

IBM Cognos Business Intelligence is a growing cloud-based BI software, it is designed to support medium and large size business. IBM Cognos Business Intelligence received a rating of 4.1 from ITQlick team. Th...

Categories: Data Analysis Tools, Business performance management, Dashboards & KPIs, Data mining.

Workday Adaptive Planning

ITQlick rating
(4.5/5)

starts at $15,000 per license

Workday Adaptive Planning software is a cloud-based, SaaS, Business planning solution that offers tools for forecasting, budgeting, and reporting. The software removes the need for new software or hardware for ...

Categories: Accounting Practice Management, Budgeting & CPM, Financial reporting, Payroll Accounting, BI & Analytics.

Compare specifications

Compare features

IBM Cognos BI: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Workday Adaptive Planning: 15 Features

Ad-Hoc Analysis
Ad-Hoc Reporting
Automatic Scheduled Reporting
Dashboarding
Forecasting & Budgeting
Performance Measurements
Predictive-Analysis
Profit Analysis
Balance Sheet
Capital Asset Planning
Cash flow/cash budget
Forecasting
Multi-Department / Project
Revenue budget
Sales budget
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
IBM Cogn...
ITQlick rating
4.1/5
Score
92/100
Pricing
7.6/10
License pricing
$10 per user/month
Functionality
23
Compare
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
Qlik Sen...
ITQlick rating
4.3/5
Score
95/100
Pricing
3/10
License pricing
$30 per user/month
Functionality
15
Compare
SuiteAna...
ITQlick rating
4.1/5
Score
94/100
Pricing
3/10
License pricing
$499 per month + $99 per user
Functionality
10
Sisense
ITQlick rating
4.6/5
Score
94/100
Pricing
4/10
License pricing
$83 per employee/month
Functionality
35

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.