IBM Cognos TM1 - Top Competitors (Jul 2022)

IBM Cognos TM1 Review
ITQlick Score: 82/100
ITQlick Rating:
(4.2/5)
Pricing: 9.8/10 - high cost
Category: Business Intelligence -> IBM Cognos TM1 review -> IBM Cognos TM1 competitors
Ranking:Ranked 87 out of 532 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 alternatives
Shlomi LaviShlomi Lavi / updated: Jul 15, 2022

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IBM Cognos TM1 VS Alternatives in 2022

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.

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, 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
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
Best for SMBs
Qlik Sen...
ITQlick rating
4.3/5
Score
95/100
Pricing
3/10
License pricing
$30 per user/month
Functionality
15
Compare
Best for Enterprise
SuiteAna...
ITQlick rating
4.1/5
Score
94/100
Pricing
3/10
License pricing
$499 per month + $99 per user
Functionality
10
Growing
SAP NetW...
ITQlick rating
3.3/5
Score
91/100
Pricing
3.6/10
License pricing
Pricing not available
Functionality
5
Compare
Free version
Helical ...
ITQlick rating
4.7/5
Score
85/100
Pricing
5.2/10
License pricing
Has a free version
Functionality
11

Author - 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.