IBM Cognos TM1 – Top 10 Alternatives and Competitors
IBM Cognos TM1 Vs. alternatives
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 Pricing
IBM Cognos TM1 Top 10 Alternatives
Sisense is a business analytics software used for business intelligence. Main functions include information collection, analysis, organization and producing reports. The users of this software have th
Sisense Vs. IBM Cognos TM1
- Start up, Small business, Medium business, Large business
- May 11, 2017
- Starting from $1,500 Per license
Qlikview is a business intelligence program with many useful tools that any business needs. The application allows business owners close monitoring of their business. Qlikview incorporates many soluti
Qlikview Vs. IBM Cognos TM1
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