We performed a comparison between IBM Cognos Controller and OneStream XF based on real PeerSpot user reviews.
Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software."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."
"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."
"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."
"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."
IBM Cognos Controller is ranked 10th in Financial Close Software with 2 reviews while OneStream XF is ranked 4th in Financial Close Software with 3 reviews. IBM Cognos Controller is rated 7.6, while OneStream XF is rated 10.0. The top reviewer of IBM Cognos Controller writes " A tool useful for areas like reporting and group consolidation". On the other hand, the top reviewer of OneStream XF writes "Easy-to-setup product with efficient data integration". IBM Cognos Controller is most compared with LucaNet, whereas OneStream XF is most compared with Oracle HFM, Oracle Hyperion, Anaplan, IBM Planning Analytics and BlackLine.
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We monitor all Financial Close Software 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.
