IBM Cognos TM1 - Top Competitors (Jul 2022)
Compare Pricing
| ITQlick Score: | 82/100 |
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| ITQlick Rating: |
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| Pricing: | 9.8/10 - high cost |
| Category: | Business Intelligence -> IBM Cognos TM1 review -> IBM Cognos TM1 competitors |
| 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 review, IBM Cognos TM1 pricing guide |
Shlomi Lavi / updated: Jul 15, 2022We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
IBM Cognos TM1 vs. Alternatives in 2024
The main competitors for IBM Cognos TM1 are Planguru and Adaptive Planning.Planguru provides a solution for financial planning, forecasting and budgeting. Forecasting can be done on multiple periods and customized forecasts can be defined to model various financial scenarios. The product provides a collaboration platform for planning analysis, as well as detailed business analytics for revenue & budgeting with dashboards that support KPI analysis. Additional features include business valuation, financial consolidation across multiple projects, as well as financial ratio analysis.
IBM Cognos TM in comparison provides a modeling tool that meets business process requirements, but can be customized to meet specific analysis needs. Its additional features include cost allocations & rolling forecasts together with scorecards to measure KPIs against key strategic objectives. The product supports access via mobile devices and is offered as both an on premise as well as cloud based solution.
Adaptive Planning on the other hand is a similar solution that extends the planning process to include resources, assets, capacity allocation as well as sales forecasting. The product supports workflow automation which is integrated with process mapping to ensure real-time views for planning & forecasting reporting. Another point is that Adaptive Planning integrates all planning processes in one unified view to deliver better organization wide forecasts with proper impact analysis.
While IBM Cognos TM1 does support a number of these features, it also supports enterprise performance management. This is done by combining budgeting & forecasting with real-time performance KPIs to improve the overall planning process and thereby improve performance metrics.
IBM Cognos TM1 alternatives - for small & large Business
Here are the top 4 alternatives to IBM Cognos TM1 that are worth checking out: Qlik Sense for SMBs, SuiteAnalytics for large size business, SAP NetWeaver Business Warehouse for growing companies, and Helical Insight for low budget organizations.
Auditor - Shlomi Lavi
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.