CCH Tagetik vs IBM Cognos comparison

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Wolters Kluwer Logo
1,000 views|844 comparisons
85% willing to recommend
IBM Logo
9,140 views|5,304 comparisons
91% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between CCH Tagetik and IBM Cognos based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: April 2024).
769,662 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable feature of CCH Tagetik is form creation.""I appreciate its user-friendliness, especially for business users who may not be very tech-savvy.""I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage.""Has an APM, which deals with the details of data and has calculation functions included."

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"The initial setup is very straightforward.""The main difference that I like about Cognos compared to other solutions is its data splitting functionality. We have all our company data inside the Cognos environment and so we prefer to split the information Cognos itself. It's more efficient this way.""The initial setup is quite straightforward.""The correlation analysis is excellent. It's one of the best that I have used to date.""Dashboarding, reporting, and ad hoc reporting are the valuable features of IBM Cognos.""In terms of stability, I think that Cognos is more stable than Tableau and Power Bi because of its framework manager concept that allows us to import metadata and store it in the framework manager.""The solution's initial setup process is easy.""Using custom controls, it is possible to extend the application with even more functionality and make the application intuitive and attractive."

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Cons
"We faced difficulties while uploading data.""The tool's major drawback is the ETL process, which is not up to par with other solutions.""There is room for improvement, especially on the settings side of the solution.""Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."

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"IBM Support can be slow at times, but they can usually deliver in a timely manner.""Most of our company's customers want to be able to deploy IBM Cognos on a web application and use it as a desktop application, which is not possible currently.""There are some small features that are missing. It would be nice if the graphics were better. You can use external sources for charts, but it's quite complex to use and not easy to implement. If you want a new chart, you can download it from multiple tools and implement it into IBM Cognos.""This product could use improvement in terms of usability for those with less technical know how.""It would be better if it is was easier to implement without extensive training for it.""Tableau and Power BI are faster than Cognos.""IBM Cognos's error messages seem to be a bit ambiguous. An error will be encountered and a message will be sent out very ambiguous and after investigating the error message it could be any number of issues. There was never a direct answer to the question or a direct answer to the error messages. Sometimes it would be a generic error message for 21 different solutions. It wasn't very specific, which required a lot of digging around and trial and error trying to fix the problem. The messaging in their error messaging is something needing improvement.""The high cost of a license makes it hard to scale up on a budget."

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Pricing and Cost Advice
  • "The solution's pricing is affordable."
  • "The solution is quite expensive."
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  • "There is need to assess the purchase license accordingly so as to avoid audit penalties."
  • "The pricing and licensing policies are comparatively cheaper than other products in the market ."
  • "IBM Cognos offers competitive pricing similar to other BI vendors in the market."
  • "Pricing should be improved."
  • "The pricing of this product is meant for medium to large-scale enterprises."
  • "It is my understanding that the cost is very low. It's not very expensive."
  • "Cognos is super expensive compared to Tableau ($70/month) and Power BI ($20/month) — I think Cognos is roughly $200 a month."
  • "It is quite pricy. I think Microsoft BI is cheaper. Tableau might also be cheaper, but it also depends on the usage. If you have very many users, Cognos can be a problem. It could be cheaper than Tableau but not for so many users. If you have a few thousand users, Tableau, which is generally quite expensive, can be cheaper than Cognos."
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    Comparison Review
    Anonymous User
    Questions from the Community
    Top Answer:I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure… more »
    Top Answer:The solution's pricing is affordable.
    Top Answer:The tool's major drawback is the ETL process, which is not up to par with other solutions.
    Top Answer:It depends on the Data architecture and the complexity of your requirement Some great tools in the market are Qlik Sense, Power BI, OBIEE, Tableau, etc. I have recently started using Cognos… more »
    Top Answer:We use the account statement report. When you use an account in HSBC, you receive various types of accounts, such as the stock market, fixed accounts, credit cards, and business accounts. We can… more »
    Top Answer:Compared to Tableau and PowerBI, the IBM interface is easier to use. However, the drag-and-drop functionality isn't as straightforward. Formatting is also more challenging in the cloud than in other… more »
    Ranking
    Views
    1,000
    Comparisons
    844
    Reviews
    3
    Average Words per Review
    362
    Rating
    7.0
    Views
    9,140
    Comparisons
    5,304
    Reviews
    13
    Average Words per Review
    449
    Rating
    8.2
    Comparisons
    Also Known As
    Tagetik
    Cognos, Cognos Analytics, IBM Cognos Analytics
    Learn More
    Wolters Kluwer
    Video Not Available
    Overview

    CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

    IBM Cognos Business Intelligence provides a wide range of tools to help you analyze your organization's data. IBM Cognos BI allows businesses to monitor events and metrics, create and view business reports, and analyze data to help them make effective business decisions.

    IBM Cognos applies techniques to describe, summarize, and compare data, and draw conclusions. This allows users to see trends and discover anomalies or variances that may not be evident by simply reading data. Data sources that contain information from different areas of a business can be stored in separate packages. Users can see only information that they have been granted access to, based on their group or role.

    IBM Cognos BI consolidates the following business intelligence functions into a single web-based solution:

    • IBM Cognos Insight: Create personal and managed workspaces for data analysis. Using these interactive workspaces, you can share insight results with managers. Cognos Insight supports write-back, and you can also use these workspaces to capture and integrate management goals, commitments, and forecasts.

    • IBM Cognos Workspace: With IBM Cognos Workspace, you can create rich, interactive workspaces using IBM Cognos content as well as data from external sources. You can view and open your favorite workspaces and reports, edit content in your workspaces, and share your workspaces via email.

    • IBM Cognos Analytics: IBM Cognos Analytics utilizes built-in AI and intuitive searches which helps users to quickly create the visualizations and a wide range of reports. Cognos Analytics provides cognitive and managed self-service, enabling you to gain insights from controlled and trusted data.

    • IBM Cognos Report Studio and IBM Cognos Query Studio: Easily create structured and query reports. IBM Cognos allows users to create application and report templates. In addition, report authors can reuse report objects to apply filters, fields, and styles to reports. Users can set the language of the user interface and report content according to the user's native language.

    • IBM Cognos Event Studio: Receive notifications of events that occur within your organization in real time. Event Studio enables the creation of agents that detect the occurrence of business events, failures, or anomalies, based on the change of specific events or data conditions. Notification can be sent via email, publication in the portal, or by triggering reports.

    • IBM Cognos Connection: This is the Web portal for IBM Cognos BI and is the central area for accessing all the IBM Cognos functions. In the web portal, users can schedule and distribute reports, create tasks, administer the server and the access permissions, and more.

    Reviews from Real Users

    IBM Cognos stands out among its competitors for a number of reasons. Two major ones are its powerful analysis tool and its reporting capabilities.

    Prasad B., a senior software engineer at a financial services firm, notes, “The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report. We can receive automated reports as well. They are easy to schedule on a weekly or monthly basis. It is very fast. I mean in means of report output, it's very fast compared to the actual clients involved.”

    Sample Customers
    Daimler, Randstad, Rabobank, Metro Group
    More than 23,000 leading organizations across multiple industries use Cognos. Some examples of Cognos customers include BMW Financial Services, Quinte Health Care, Troy Corporation, Michigan State University, and GKN Land System.
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm13%
    Manufacturing Company13%
    Computer Software Company12%
    Retailer9%
    REVIEWERS
    Financial Services Firm14%
    Computer Software Company11%
    Insurance Company8%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Educational Organization58%
    Financial Services Firm7%
    Computer Software Company5%
    Government5%
    Company Size
    REVIEWERS
    Small Business57%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise10%
    Large Enterprise70%
    REVIEWERS
    Small Business23%
    Midsize Enterprise15%
    Large Enterprise61%
    VISITORS READING REVIEWS
    Small Business8%
    Midsize Enterprise61%
    Large Enterprise31%
    Buyer's Guide
    Business Performance Management
    April 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: April 2024.
    769,662 professionals have used our research since 2012.

    CCH Tagetik is ranked 13th in Business Performance Management with 6 reviews while IBM Cognos is ranked 7th in BI (Business Intelligence) Tools with 132 reviews. CCH Tagetik is rated 7.6, while IBM Cognos is rated 8.0. The top reviewer of CCH Tagetik writes "User-friendly performance management with intuitive approach". On the other hand, the top reviewer of IBM Cognos writes "Improved the quality of our KPIs, while reducing calls to the IT department". CCH Tagetik is most compared with SAP Business Planning and Consolidation, Oracle HFM, Anaplan, IBM Planning Analytics and Oracle Hyperion, whereas IBM Cognos is most compared with Microsoft Power BI, Oracle OBIEE, Tableau, SAP BusinessObjects Business Intelligence Platform and Oracle Hyperion.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.