Item: Cube
Rating: 9
Author: Anthony Yang

Use Cases and Deployment Scope

We use Cube for BvAs and other routine financial reporting. Each month we import the latest GL and transaction data into Cube and refresh existing templates to automatically pull the latest numbers. We also use Cube as a repository for business KPIs for a source of truth to import into financial models.

Pros and Cons

Lots of flexibility with creating new scenarios, accounts, or other dimensions
Easy to manage data due to Excel and Google Sheets integrations
Customer support is typically responsive and helpful

Importing GL data is still not an automated process
Lacking functionality for headcount planning
Lacking functionality for forecasting within Cube

Return on Investment

Allowed for more granular BvA reporting
Helped business partners better understand their monthly P&Ls
Streamlined creation of monthly close packs

Alternatives Considered

OnPlan and Workday Adaptive Planning

Cube lacks a lot of the forecasting and planning capabilities of other FP&A tools in the market, but it excels at providing flexibility in aggregating data from multiple places into a single source of truth and then building reports driven off of that data. Cube is very suitable for small scale companies looking to uplevel routine reporting while maintaining key forecasting in Excel or Google Sheets.

Key Insights

Do you think Cube delivers good value for the price?

Not sure

Are you happy with Cube's feature set?

Yes

Did Cube live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Cube go as expected?

Yes

Would you buy Cube again?

Yes

Likelihood to Recommend

Cube is well-suited to help save time on financial reporting if you need to refresh the same templates each month. It is also great for building templates and pulling in data directly from Excel or Google Sheets.

Cube is less appropriate for larger scale companies - we've run into issues with uploading large sets of transaction data and it does not have as robust planning or forecasting features that you'd find in other FP&A tool competitors.

Great Financial Reporting Tool for Startups

Overall Satisfaction with Cube