Item: Cube
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

We use Cube Planning for Financial Reporting, Budgeting, Forecasting, and Financial Planning and Analysis. Cube helps us answer questions about actual performance compared with budget, what are the key drivers and changes happening within the business impacting revenue and expenses and cash flow, and helps provide us with a baseline to launch projections from.

Pros and Cons

Import/Export of data for quick implementation and targeting data issues for correction.
Collaboration via add-ons with Excel and Google Sheets for sharing and versioning.
Time intelligence and well-built accounts and formulas to ensure numbers are always accurate and flexibly applied.

Needs a visualization module in my opinion.
Perhaps the capacity for rolling forecasting and/or machine learning methods.

Most Important Features

The ability to create custom reporting views that conform to what the Board wants to see in its reporting package
The ability to drill down when material variances to budget appear
The ability to load and upsert data at a more granular level of detail than the GL when appropriate

Return on Investment

Overall, it has had a significantly positive impact in reducing the time to generate reports each month.

Alternatives Considered

Vena, Planful and Anaplan

Cube Planning came with an unbeatable price. We liked the multiple integrations with our current software ecosystem and the functions and features demoed checked all of our critical and high priority boxes. In addition, the tool really fosters collaboration within our organization because, outside of finance and accounting, many employees only use Sheets and not Excel so that was a huge benefit to our organization.

Key Insights

Do you think Cube delivers good value for the price?

Yes

Are you happy with Cube's feature set?

Yes

Did Cube live up to sales and marketing promises?

Yes

Did implementation of Cube go as expected?

Yes

Would you buy Cube again?

Yes

Likelihood to Recommend

Cube Planning is excellent for those using Quickbooks (we currently use this), NetSuite, or Sage (we will transition to one of these soon). It was very intelligently designed to be flexible with dimensions, accounts, and time and text intelligence. Accounts can be created by reference to a GL or as a formula. The tool itself is lightning fast, which really facilitated a quick implementation by validating and identifying issues quickly and being able to upsert the correct numbers just as quickly.

An easy-to-use, intelligently designed, lightning fast product at an unbeatable price.

Overall Satisfaction with Cube Planning