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IBM Cognos Controller vs OneStream XF comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IBM Cognos Controller
Ranking in Financial Close Software
12th
Average Rating
7.6
Number of Reviews
2
Ranking in other categories
No ranking in other categories
OneStream XF
Ranking in Financial Close Software
7th
Average Rating
10.0
Number of Reviews
3
Ranking in other categories
Business Performance Management (8th)
 

Mindshare comparison

As of November 2024, in the Financial Close Software category, the mindshare of IBM Cognos Controller is 1.4%, down from 1.9% compared to the previous year. The mindshare of OneStream XF is 3.5%, up from 3.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software
 

Featured Reviews

Pauli Leppänen - PeerSpot reviewer
Feb 5, 2024
A tool useful for areas like reporting and group consolidation
Scalability-wise, I rate the solution an eight out of ten. My company hasn't faced any issues regarding scalability, which we can't overcome. Regarding the scalability, there is some work required in the product. A user should also have some knowledge to be able to operate the tool's scalability feature. Sometimes, my company has to contact our support partner to figure out how to do certain things in the product. So far, my company hasn't encountered any issues with the tool where we have to deal with volumes even though we have to deal with a lot of leasing contracts, like over 2,000. My company expects the product to offer more scalability. My company has around 70 licenses.
DarpanBhansali - PeerSpot reviewer
Aug 18, 2023
Easy-to-setup product with efficient data integration
We use OneStream XF for our organization's consolidation, planning, and budgeting The product's most valuable feature is extensibility. Data integration is another best feature, where you can integrate rest API files. It is complicated to download the metadata when we have to make changes. We…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"If there's already a scheduled report and we want a subset of that report, that can also be created. So we do not have to schedule a new report or create a new subscription for that. At this rate, we can create a subset out of one report itself."
"The most valuable feature of the solution stems from the fact that it is a properly working solution... The functionalities and package offered by the product seem to be the right fit for our company."
"We were with Oracle previously. With Oracle, you have to buy a different piece of software for every business process. If you want to do budgeting, that's a product. If you want to do consolidation, that's a product. If you want to do BI type of work, that's yet another product. So, you end up buying a lot of software from Oracle. With OneStream, it is a little different. It is a platform where you can do all those things, and you can do them with just one software purchase and then you just pay for users on it."
"The product's most valuable feature is extensibility."
"It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership."
 

Cons

"IFRS 16 functionality is something that is not embedded in IBM Cognos Controller."
"IBM should work on a little flexibility and user-friendliness, in the current interface. It looks very rigid and hard to read. We need to give flexibility to the user in the current situation."
"AI is where I see the most innovation and progress, but it's not fully developed yet."
"Currently, they only support one browser, and it would be good if you could use it on Chrome, Firefox, etc. It is a little frustrating that you can only use a certain Microsoft browser. They're pretty tightly aligned with Microsoft. So, I can see the reasons for it."
"We should be able to download the data in the same format we upload it."
 

Pricing and Cost Advice

"The product is expensive, but compared to its other alternatives in the market, I feel that IBM Cognos Controller is a reasonably priced tool."
"They price it by the user. Before discounting, it is 2,500 or something like that."
"The licensing is expensive."
"The product has a license by the user. They're on par with other competitors."
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Top Industries

By visitors reading reviews
No data available
Educational Organization
18%
Manufacturing Company
12%
Financial Services Firm
11%
Computer Software Company
9%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What do you like most about IBM Cognos Controller?
The most valuable feature of the solution stems from the fact that it is a properly working solution... The functionalities and package offered by the product seem to be the right fit for our company.
What needs improvement with IBM Cognos Controller?
IFRS 16 functionality is something that is not embedded in IBM Cognos Controller. My company uses a good built-in functionality in the tool, which was made by our support partner. IBM Cognos Contro...
What is your primary use case for IBM Cognos Controller?
I use the solution for reporting and group consolidation.
Seeking lightweight open source BI software
I advise you to try OneStream. This is a very good platform focused on reporting, consolidation and budgeting & forecasting.
What do you like most about OneStream XF?
It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership.
What is your experience regarding pricing and costs for OneStream XF?
The product has a license by the user. They're on par with other competitors. One thing to consider is their relationship with Microsoft. They often push customers towards Azure, and Azure can get ...
 

Comparisons

No data available
 

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Overview

 

Sample Customers

Emirates National Oil Company
Fruit of the loom, Melrose, AAA, Valeo Foods
Find out what your peers are saying about IBM Cognos Controller vs. OneStream XF and other solutions. Updated: October 2024.
814,649 professionals have used our research since 2012.