CCH Tagetik vs IBM Cognos comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

CCH Tagetik
Average Rating
7.6
Number of Reviews
6
Ranking in other categories
Business Performance Management (13th), Financial Close Software (8th)
IBM Cognos
Average Rating
8.0
Number of Reviews
132
Ranking in other categories
BI (Business Intelligence) Tools (7th), Reporting (4th)
 

Market share comparison

As of June 2024, in the Business Performance Management category, the market share of CCH Tagetik is 9.7% and it increased by 51.4% compared to the previous year. The market share of IBM Cognos is 11.6% and it increased by 36.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Close Software
6.4%
BI (Business Intelligence) Tools
4.7%
Reporting
4.7%
 

Featured Reviews

Julia Lupidii - PeerSpot reviewer
Sep 28, 2023
User-friendly performance management with intuitive approach
I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.
Paulius Bistrickis - PeerSpot reviewer
Jul 1, 2022
An easy to use solution that provides reports quickly and efficiently
When we started with the TM1 version of IBM Cognos, we developed budgeting projects, and it was successful. We also completed our first project five years ago using the solution. IBM Cognos is an excellent solution for tax, planning, budgeting, profit and loss statements and balance sheets. We use…

Quotes from Members

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

Pros

"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."
"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."
"The most valuable feature of CCH Tagetik is form creation."
"The most valuable features are Report Development (Functionality) and Information Distribution (Flexibility)."
"It is a stable product."
"Comparing IBM Cognos to other applications, once a person is trained on it or they have developed a skill set to operate the application, it is best in its category."
"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."
"This solution allows you to input a wide range of file formats."
"The initial setup is very straightforward."
"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 create one consolidated report called CCS support, which includes all these accounts. In that statement, we are consolidating all those accounts."
"For planning, forecasting, in-boxing, modeling in general and for predicting numbers and doing work analysis, they are excellent."
 

Cons

"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."
"The tool's major drawback is the ETL process, which is not up to par with other solutions."
"We faced difficulties while uploading data."
"The visualization aspect needs to be improved and I believe, this is being resolved in upcoming versions."
"The technical support team’s response time is slow and needs to be improved."
"Need improvement towards Visualization."
"The charts and graphics are weak."
"I think the GIS pieces maybe not as good as we would like."
"There are some problems with how Cognos handles huge data sets and when connecting with multiple sources and searching the data."
"Extending features on dashboards so it becomes a real dashboard building application, not only a data exploration tool."
"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 applications, like Power BI. Also, if you encounter an issue, it takes more time to resolve it on the formatting side."
 

Pricing and Cost Advice

"The solution is quite expensive."
"The solution's pricing is affordable."
"The cost of IBM Cognos it's more or less the same as most of the other solutions on the market. They're very competitive with the rest of the market and it is not the most expensive product."
"IBM Cognos offers competitive pricing similar to other BI vendors in the market."
"There is a standard license required to use this solution. There are some additional tools but I am not sure if they are an extra cost."
"The licensing costs are a little bit higher for IBM Cognos. I don't think there is any additional cost apart from the licensing charges."
"I don't know the exact cost, but I believe Cognos is quite expensive, especially when it comes to the support consultants and the procedures that need to be applied."
"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."
"The pricing and licensing policies are comparatively cheaper than other products in the market ."
"The solution is affordable."
report
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Comparison Review

it_user79932 - PeerSpot reviewer
Feb 4, 2015
Comparison of SAP BO, Tableau, QlikView, Cognos, Microsoft, OBIEE and Pentaho
1. SAP BO/BI Enterprise scalability Security Ease of use Semantic layer 2. Tableau Visualization Data discovery Turnaround time 3. IBM Cognos Enterprise scalability Security In-memory feature 4. MS BI - Flexibility 5. Pentaho - Open source but still enterprise grade 6. QlikView Data…
 

Top Industries

By visitors reading reviews
Financial Services Firm
14%
Manufacturing Company
13%
Computer Software Company
12%
Retailer
8%
Educational Organization
58%
Financial Services Firm
7%
Computer Software Company
5%
Government
4%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about CCH Tagetik?
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 Reg...
What needs improvement with CCH Tagetik?
The tool's major drawback is the ETL process, which is not up to par with other solutions.
Seeking lightweight open source BI software
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 Enter...
What do you like most about IBM Cognos?
The solution's most valuable feature is its ease of use, which makes it easily compatible with other tools.
What needs improvement with IBM Cognos?
The tool does not have much documentation on the internet. It is not easy to resolve issues by finding the reason for the problem on the internet. The tool needs to have more documentation on the i...
 

Also Known As

Tagetik
Cognos, Cognos Analytics, IBM Cognos Analytics
 

Learn More

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Overview

 

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.
Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: June 2024.
787,061 professionals have used our research since 2012.