CCH Tagetik vs OneStream XF comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

CCH Tagetik
Ranking in Business Performance Management
13th
Ranking in Financial Close Software
8th
Average Rating
7.6
Number of Reviews
6
Ranking in other categories
No ranking in other categories
OneStream XF
Ranking in Business Performance Management
8th
Ranking in Financial Close Software
5th
Average Rating
10.0
Number of Reviews
3
Ranking in other categories
No ranking in other categories
 

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 OneStream XF is 2.3% and it decreased by 64.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Close Software
6.4%
 

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.
AndyJorgensen - PeerSpot reviewer
Apr 9, 2024
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.

Quotes from Members

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

Pros

"Has an APM, which deals with the details of data and has calculation functions included."
"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."
"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."
"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."
"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."
 

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."
"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."
"There is room for improvement, especially on the settings side of the solution."
"We should be able to download the data in the same format we upload it."
"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."
"AI is where I see the most innovation and progress, but it's not fully developed yet."
 

Pricing and Cost Advice

"The solution's pricing is affordable."
"The solution is quite expensive."
"The licensing is expensive."
"They price it by the user. Before discounting, it is 2,500 or something like that."
"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
Financial Services Firm
14%
Manufacturing Company
13%
Computer Software Company
12%
Retailer
8%
Educational Organization
17%
Financial Services Firm
12%
Manufacturing Company
11%
Computer Software Company
9%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

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
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 ...
 

Also Known As

Tagetik
No data available
 

Learn More

Video not available
 

Overview

 

Sample Customers

Daimler, Randstad, Rabobank, Metro Group
Fruit of the loom, Melrose, AAA, Valeo Foods
Find out what your peers are saying about CCH Tagetik vs. OneStream XF and other solutions. Updated: May 2024.
787,104 professionals have used our research since 2012.