Shlomi Lavi /
Feb 28, 2023
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Bottom Line: Which is Better - IBM Cognos TM1 or monday.com?
IBM Cognos TM1 is more expensive to implement (TCO) than monday.com, and monday.com is rated higher (98/100) than IBM Cognos TM1 (82/100). monday.com offers users more features (35) than IBM Cognos TM1 (5). There is a clear winner in this case and it is monday.com!
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. monday.com
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.
monday.com: Founded in 2012 and launched as an independent startup in February 2014, monday.com is a tool that transforms the way teams work together. Our mission is to help teams build a culture of transparency, empowering everyone to achieve more and be happier at work. We're obsessed with building an excellent product, and our goal is to create a tool that ...
Who is more expensive? IBM Cognos TM1 or monday.com?
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 TM1 and monday.com.
IBM Cognos TM1 price starts at $5 per user/month , On a scale between 1 to 10 IBM Cognos TM1 is rated 8, which is higher than the average cost of Business Intelligence software. monday.com price starts at $10 per seat/month , When comparing monday.com to its competitors, the software is rated 4 - lower than the average Business Intelligence software cost.
Bottom line: IBM Cognos TM1 is more expensive than monday.com.
Which software includes more/better features?
We've compared IBM Cognos TM1 Vs. monday.com based on some of the most important and required Business Intelligence features.
IBM Cognos TM1: Budgeting & Forecasting, Financial reporting, Forecasting, Income Statements, Profit / Loss Statement.
monday.com: Basic Reports, Chat, Customizable Categories, Dashboard, HR Analytics.
Target customer size
Customers of the software include businesses of all sizes including various Fortune 500
companies.
Monday.