Compare True Sky and XLReporting - Jan 2023

Shlomi LaviShlomi Lavi / Jan 26, 2023

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Bottom Line: Which is Better - True Sky or XLReporting?

XLReporting is more expensive to implement (TCO) than True Sky, and True Sky is rated higher (82/100) than XLReporting (80/100). True Sky offers users more features (9) than XLReporting (5). There is a clear winner in this case and it is True Sky!

Looking for the right Budgeting & CPM 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:

True Sky Vs. XLReporting

True Sky: True Sky CPM software simplifies the budgeting and forecasting process by providing real-time access to information, increased process control, tight security and great accuracy, helping the CFO: Align strategies and priorities Meet financial targets Adjust rapidly to market changes Avoid surprises Today, True Sky is helping companies cut th...

XLReporting: We are a small team of finance and IT experts, specialized in financial reporting and planning processes. Lots of companies depend on complex and fragile Excel solutions for their reporting, consolidation, and budgeting. We help our clients to move away from that by providing them with powerful, flexible, and robust solutions. We developed XLRep...

Who is more expensive? True Sky or XLReporting?

The real total cost of ownership (TCO) of Budgeting & CPM 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 True Sky and XLReporting.

True Sky accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 True Sky is rated 2, which is much lower than the average cost of Budgeting & CPM software. XLReporting price starts at $240 per month , When comparing XLReporting to its competitors, the software is rated 2 - much lower than the average Budgeting & CPM software cost.

Bottom line: True Sky cost is around the same cost of XLReporting.

Which software includes more/better features?

We've compared True Sky Vs. XLReporting based on some of the most important and required Budgeting & CPM features.

True Sky: Version Control, Project Budgeting, "What If" Scenarios, Capital Asset Planning, Forecasting, Income Statements, Multi-Department / Project, Profit / Loss Statement.

XLReporting: Version Control, Budgeting & Forecasting, Financial reporting, Capital Asset Planning, Forecasting.

Target customer size

True Sky's typical customers include: Small, medium and large size businesses, The typical clients utilizing XLReporting are those belonging to the small (with 10 – 100 employees) to medium-sized (with 100 to 1,000 employees) enterprises that make use of the services offered by the IT sector, data hosting and other related information services, particularly in the field of visual analytics and business intelligence.

True Sky

ITQlick rating
(2.8/5)

True Sky is a cloud-based budgeting & CPM Software that enables managers to draw information for decision-making from a central data pool and determine approval flow throughout the hierarchy.

Categories: Budgeting & CPM, Financial consolidation, Capital Program Management, General Contractor.

XLReporting

ITQlick rating
(2.8/5)

starts at $240 per month

XLReporting is a web-based software offering users with functionalities such as budgeting, reporting solutions, and financial consolidation that can be integrated with Excel. It is also possible to link this to...

Categories: Audit Management, Budgeting & CPM, Financial reporting, Visual Analytics.

Compare specifications

Compare features

True Sky: 9 Features

Version Control
Project Budgeting
"What If" Scenarios
Capital Asset Planning
Forecasting
Income Statements
Multi-Department / Project
Profit / Loss Statement
Budgeting & CPM

XLReporting: 5 Features

Version Control
Budgeting & Forecasting
Financial reporting
Capital Asset Planning
Forecasting
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
True Sky
ITQlick rating
2.8/5
Score
82/100
Pricing
2.6/10
License pricing
Pricing not available
Functionality
14
Compare
XLReporting
ITQlick rating
2.8/5
Score
80/100
Pricing
2.8/10
License pricing
$240 per month
Functionality
9
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
neubrain...
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review

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.