IBM Cognos Controller vs OneStream XF comparison

IBM and OneStream are both solutions in the Financial Close Software category. IBM is ranked #12 with an average rating of 8.0, while OneStream is ranked #6 with an average rating of 10.0. IBM holds a 1.5% mindshare in FCS, compared to OneStream’s 3.8% mindshare. Additionally, 100% of IBM users are willing to recommend the solution, compared to 100% of OneStream users who would recommend it.

IBM Cognos Controller

Read 2 IBM Cognos Controller reviews

206 Views
100 Comparison Views

100% willing to recommend

OneStream XF

Read 3 OneStream XF reviews

322 Views
204 Comparison Views

100% willing to recommend

IBM Cognos Controller

OneStream XF

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between IBM Cognos Controller and OneStream XF based on real PeerSpot user reviews.

Find out in this report how the two Financial Close Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

To learn more, read our detailed IBM Cognos Controller vs. OneStream XF Report (Updated: December 2024).

Buyer's Guide

IBM Cognos Controller vs. OneStream XF

December 2024

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Categories and Ranking

IBM Cognos Controller

Ranking in Financial Close Software

12th

Average Rating

7.6

Number of Reviews

Ranking in other categories

No ranking in other categories

OneStream XF

Ranking in Financial Close Software

6th

Average Rating

10.0

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Business Performance Management (9th)

Mindshare comparison

As of December 2024, in the Financial Close Software category, the mindshare of IBM Cognos Controller is 1.5%, down from 1.8% compared to the previous year. The mindshare of OneStream XF is 3.8%, up from 3.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Financial Close Software

Featured Reviews

Pauli Leppänen

Group Controller at Eleda Group

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.

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AndyJorgensen

Chief Revenue Officer at a computer software company with 51-200 employees

Combines consolidations, planning, and forecasting into a single platform, eliminating the need for multiple products and streamlining data management

There's always stuff on the drawing board, and there's an arms race going on in the AI space. It's too soon to pick a winner between OneStream and Oracle. OneStream's smaller, so maybe they're more nimble, but Oracle has more resources. AI is where I see the most innovation and progress, but it's not fully developed yet. The other thing is that there are probably little things in the UI and overall processes that could be made easier to use. But there's nothing so consequential that it ruins your experience. It's more about tweaking and streamlining certain processes within the system.

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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."

"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."

"The product's most valuable feature is extensibility."

"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."

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."

"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."

"AI is where I see the most innovation and progress, but it's not fully developed yet."

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

19%

Manufacturing Company

10%

Computer Software Company

10%

Financial Services Firm

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

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.

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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...

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What is your primary use case for IBM Cognos Controller?

I use the solution for reporting and group consolidation.

See all answers

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.

See all answers

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.

See all answers

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 ...

See all answers

Comparisons

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Product Reports

Buyer's Guide

Financial Close Software

November 2024

Download IBM Cognos Controller product report

Buyer's Guide

Business Performance Management

November 2024

Download OneStream XF product report

Learn More

IBM

OneStream

Overview

IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution. It enables finance teams to automate and accelerate the financial close with minimal IT support. It also helps finance teams deliver financial results, create informative financial and management reports and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Financial Close, Consolidation and Reporting
Automate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.

Sample Customers

Emirates National Oil Company

Fruit of the loom, Melrose, AAA, Valeo Foods

Buyer's Guide

IBM Cognos Controller vs. OneStream XF

December 2024

Free Report: IBM Cognos Controller vs. OneStream XF

Find out what your peers are saying about IBM Cognos Controller vs. OneStream XF and other solutions. Updated: December 2024.

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