IBM Cognos TM1 Review - why 4.2 stars?

IBM Cognos TM1 Review
ITQlick Score: 82/100
ITQlick Rating:
Pricing: 9.8/10 - high cost
Category: Business Intelligence -> IBM Cognos TM1 review
Ranking:Ranked 107 out of 553 Business Intelligence systems
Company: IBM
Pricing: starts at $5 per user/month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: IBM Cognos TM1 pricing, IBM Cognos TM1 alternatives
Shlomi LaviShlomi Lavi / updated: Jul 15, 2022

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What is IBM Cognos TM1?

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 software is a product of IBM Corporation headquartered in New York, United States.

Who is it best for?

Customers of the software include businesses of all sizes including various Fortune 500 companies. It can be deployed in a variety of industries including technology and IT services, retail and wholesale, financial services, education, and others. Some major customers of the software include Cisco Inc, Columbia Sportswear, and Golden State Water Company etc.

Main features and functionalities

The software helps in the creation and analysis of sophisticated business plans and also offers budget planning and forecasting. It streamlines large data sets to utilize them effectively in the planning process. For the measurement of progress and performance, the software makes use of model metrics and links them dynamically to actions and forecasts.

IBM Cognos TM1 offers a guided modeling environment to help create and implement complex business models. Planning and collaboration services are offered to engage remote and distributed users through a variety of channels. The software comes with both on-premise and cloud based deployment options.

What is the actual cost?

The cost of license starts at $5 per user/month. ITQlick pricing score is 9.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for IBM Cognos TM1. You can also find here pricing information from IBM Cognos TM1's website.

How it stacks up?

Access a head to head analysis of IBM Cognos TM1 vs alternative software solutions.
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Frequently Asked Questions (FAQs)

Is it the best Business Intelligence system?

IBM Cognos TM1 is ranked 107 out of 553 software in their category (Business Intelligence systems).

How they are rated on ITQlick?

The rating of IBM Cognos TM1 is 4.2 stars out of 5 and the total score is 82 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, IBM Cognos TM1 makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access IBM Cognos TM1 on your mobile/smart phone.

What should we ask during a demo session?

Differences between IBM Cognos TM1 and alternatives?

The most popular alternatives to IBM Cognos TM1 in 2024: Qlik Sense, SuiteAnalytics, Sisense, Infor Birst, Balanced Scorecard. Access the complete competitors analysis here - IBM Cognos TM1 VS Business Intelligence Software alternatives.

List of categories

Budgeting & CPM
Financial reporting
Accounting Practice Management
Business performance management
Customer Relationship Management
ERP
Project Forecasting
Storage

List of features

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

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.