We performed a comparison between IBM Cognos Controller and Planful 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 has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."
"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."
"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."
Earn 20 points
IBM Cognos Controller is ranked 10th in Financial Close Software with 2 reviews while Planful is ranked 15th in Financial Close Software. IBM Cognos Controller is rated 7.6, while Planful is rated 8.0. 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 Planful writes "It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve". IBM Cognos Controller is most compared with LucaNet, whereas Planful is most compared with Anaplan, Adaptive Insights, Vena, Board and Prophix.
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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.
