Compare Qlik Sense and IBM Cognos TM1 - Dec 2022

Shlomi LaviShlomi Lavi / Dec 26, 2022

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Bottom Line: Which is Better - Qlik Sense or IBM Cognos TM1?

IBM Cognos TM1 is more expensive to implement (TCO) than Qlik Sense, and Qlik Sense is rated higher (95/100) than IBM Cognos TM1 (82/100). Both tools offer the same amount of features.

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:

QlikTech Vs. IBM

QlikTech: QlikTech is a software company based in Radnor, Pennsylvania. QlikTech is the provider of QlikView, a Business Intelligence (BI) software, which combines the features of dynamic presentations, instantaneous data manipulation, and real-time data analysis.

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.

Who is more expensive? Qlik Sense or IBM Cognos TM1?

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 Qlik Sense and IBM Cognos TM1.

Qlik Sense price starts at $30 per user/month , On a scale between 1 to 10 Qlik Sense is rated 2, which is much lower than the average cost of Business Intelligence software. IBM Cognos TM1 price starts at $5 per user/month , When comparing IBM Cognos TM1 to its competitors, the software is rated 8 - higher than the average Business Intelligence software cost.

Bottom line: IBM Cognos TM1 is more expensive than Qlik Sense.

Which software includes more/better features?

We've compared Qlik Sense Vs. IBM Cognos TM1 based on some of the most important and required Business Intelligence features.

Qlik Sense: Ad-Hoc Analysis, Ad-Hoc Reporting, Customizable Dashboard, Dashboarding, OLAP.

IBM Cognos TM1: Budgeting & Forecasting, Financial reporting, Forecasting, Income Statements, Profit / Loss Statement.

Target customer size

Since Qlik Sense has the ability to handle unlimited users, it can be used by different businesses of varied sizes. Customers of the software include businesses of all sizes including various Fortune 500 companies.



Qlik Sense

ITQlick rating
(4.3/5)

starts at $30 per user/month

QlikView is cloud-based data management & analytics system that is built to help users transform their entire business. The software offers four integrated modules namely; BI & Analytics platform, Embedded Anal...

Categories: BI & Analytics, Data Analysis Tools, Business Intelligence, Cloud BI.

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, Customer Relationship Management.

Compare specifications

Compare features

Qlik Sense: 5 Features

Ad-Hoc Analysis
Ad-Hoc Reporting
Customizable Dashboard
Dashboarding
OLAP

IBM Cognos TM1: 5 Features

Budgeting & Forecasting
Financial reporting
Forecasting
Income Statements
Profit / Loss Statement
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
Qlik Sen...
ITQlick rating
4.3/5
Score
95/100
Pricing
3/10
License pricing
$30 per user/month
Functionality
15
Compare
IBM Cogn...
ITQlick rating
4.2/5
Score
82/100
Pricing
9.8/10
License pricing
$5 per user/month
Functionality
13
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
Infor Bi...
ITQlick rating
4/5
Score
92/100
Pricing
5.6/10
License pricing
$30,000 per 20 users/year
Functionality
43

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.