Adaptive Insights vs IBM Cognos comparison

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550 views|369 comparisons
100% willing to recommend
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7,258 views|4,224 comparisons
91% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Adaptive Insights and IBM Cognos based on real PeerSpot user reviews.

Find out in this report how the two Reporting solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Adaptive Insights vs. IBM Cognos Report (Updated: March 2024).
768,415 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
"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization.""It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.""The integration with our payroll system to complete staff modeling during our budget and forecast processes.""Forecasting changes that instantly flow through all financial statements.""The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily.""Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools.""Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed.""It's very stable."

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"A positive feature is Report Studio, where we create beautiful, complex reports.""Dashboarding, reporting, and ad hoc reporting are the valuable features of IBM Cognos.""The most valuable features are Report Development (Functionality) and Information Distribution (Flexibility).""Self-service is possible through the use of dashboards, which are also very intuitive. Stories can be used to pin snapshots, tell the story for meetings, etc.""The most valuable features of IBM Cognos are governance and enterprise reporting.""The initial setup is quite 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.""The Report Studio that is aimed at professional report writers."

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Cons
"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time.""It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that.""Adaptive Insights could improve the data designer interface to make integrations easier to set up.""Users continue to become more advanced and are looking for more advanced solutions.""Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image.""The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up.""The product's configuration process could be faster.""Better user interface (UI)."

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"Chart quality: many other competitors have charts and graphics that look much better and that provide dynamic effects. Cognos doesn't.""The visualization aspect needs to be improved and I believe, this is being resolved in upcoming versions.""In terms of what could be improved, I would say, monitoring, monitoring, monitoring. Some improvements in monitoring would be helpful. I'd like to see more monitoring of specific reports and fields. The way the auditing is now is very limited, so I'd like to see more of that - of the monitoring.""I would like to see is more easy building, movement in the reports, and dashboard functionality within reporting. Overall more simple elements within reports. If the elements are simple then you don't have to render a full page, but you can move separate parts in the page.""Extending dynamic cubes aggregate awareness with calculated measures.""The data uploads that we do, such as Excel files, have a lot of restrictions. If we can make it a bit more user-friendly, allowing us to have more flexibility it would be a great help.""Tableau and Power BI are faster than Cognos.""There are many problems with the product's stability part, making it an area where improvements are required."

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Pricing and Cost Advice
  • "Everything is negotiable, but this solution is low cost compared to others."
  • "Licensing seems to be worth the cost considering the efficiency Adaptive brings."
  • "Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
  • "Ensure that you have the proper pricing plan in place."
  • "Adaptive Insights' pricing is reasonable."
  • "Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."
  • "Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."
  • "It's affordable."
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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."
  • More IBM Cognos Pricing and Cost Advice →

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    Comparison Review
    Anonymous User
    Questions from the Community
    Top Answer:Here are some of the pros and cons of OneStream XF and Adaptive Insights for FP&A in the professional services industry OneStream XF Pros: Unified platform for FP&A, budgeting, forecasting,… more »
    Top Answer: It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.
    Top Answer:12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that… more »
    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
    11th
    out of 50 in Reporting
    Views
    550
    Comparisons
    369
    Reviews
    5
    Average Words per Review
    656
    Rating
    8.2
    4th
    out of 50 in Reporting
    Views
    7,258
    Comparisons
    4,224
    Reviews
    10
    Average Words per Review
    396
    Rating
    8.2
    Comparisons
    Also Known As
    Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning
    Cognos, Cognos Analytics, IBM Cognos Analytics
    Learn More
    Overview

    Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes. 

    With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

    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
    1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday
    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
    REVIEWERS
    Non Profit22%
    Non Tech Company11%
    Financial Services Firm11%
    Maritime Company11%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm9%
    Educational Organization7%
    Insurance Company7%
    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 Business24%
    Midsize Enterprise29%
    Large Enterprise48%
    VISITORS READING REVIEWS
    Small Business25%
    Midsize Enterprise19%
    Large Enterprise57%
    REVIEWERS
    Small Business23%
    Midsize Enterprise15%
    Large Enterprise61%
    VISITORS READING REVIEWS
    Small Business8%
    Midsize Enterprise61%
    Large Enterprise31%
    Buyer's Guide
    Adaptive Insights vs. IBM Cognos
    March 2024
    Find out what your peers are saying about Adaptive Insights vs. IBM Cognos and other solutions. Updated: March 2024.
    768,415 professionals have used our research since 2012.

    Adaptive Insights is ranked 11th in Reporting with 18 reviews while IBM Cognos is ranked 4th in Reporting with 132 reviews. Adaptive Insights is rated 8.4, while IBM Cognos is rated 8.0. The top reviewer of Adaptive Insights writes "Facilitates leveraging the query reporting engine and modeling engine into Excel spreadsheets but there is room for improvement in terms of performance ". On the other hand, the top reviewer of IBM Cognos writes "Improved the quality of our KPIs, while reducing calls to the IT department". Adaptive Insights is most compared with Tableau, Microsoft Power BI, Anaplan, Oracle HFM and Vena, whereas IBM Cognos is most compared with Microsoft Power BI, Oracle OBIEE, Tableau, SAP BusinessObjects Business Intelligence Platform and Oracle Hyperion. See our Adaptive Insights vs. IBM Cognos report.

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    We monitor all Reporting 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.