Compare IBM Cognos TM1 and monday.com - Feb 2023

Shlomi LaviShlomi 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.

IBM Cognos TM1

ITQlick rating
(4.2/5)

starts at $5 per user/month

IBM Cognos TM1 is an enterprise planning management solution for businesses of all sizes. It offers such capabilities as planning and analytics, flexible modeling, user engagement, and others. The softw...

Categories: Budgeting & CPM, Financial reporting, Accounting Practice Management, Business performance management.

monday.com

ITQlick rating
(4.7/5)

starts at $10 per seat/month

monday.com is both a cloud-based as well as an on-premise software solution that was developed mainly to assist in project and team management. The software fosters team collaboration as it connects and allows ...

Categories: Fixed Asset Management, Budgeting & CPM, Strategic Planning, Business performance management, Performance Management.

Compare specifications

Compare features

IBM Cognos TM1: 5 Features

Budgeting & Forecasting
Financial reporting
Forecasting
Income Statements
Profit / Loss Statement

monday.com: 35 Features

Basic Reports
Chat
Customizable Categories
Dashboard
HR Analytics
Human Resources
Employee Onboarding
Workforce Management
Agile Project Management
Budget & Expense Management
Collaboration
Project Management
Resource Management
Task Management
Project Management
Project Collaboration
Project Planning
Project Portfolio Management
Dashboarding
Budgeting & CPM
Customer Service
Customer Relationship Management
Contract Management
Equipment Management
Project Management
Service Management
Lead Management
Expense Management
Categorizing
Collaboration Center
Team Collaboration
Lifecycle Management
Process Analysis
Business Process
IT Management
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
4.2/5
Score
82/100
Pricing
9.8/10
License pricing
$5 per user/month
Functionality
13
Compare
monday.c...
ITQlick rating
4.7/5
Score
98/100
Pricing
4/10
License pricing
$10 per seat/month
Functionality
92
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.