Cube

Simple and Powerful

Kommentare: If you're forecasting and tracking KPIs in spreadsheets and its time to upgrade to a formal product, but you're hesitant to pull the trigger on a host of tools that require lengthy implementation cycles, limit your end users, or isn't flexible to encompass your business operations, you need to schedule a demo with Cube. It will help organize your existing chaos and scale as you continue to grow.

Vorteile:

It's Simple. Cube takes in your KPIs and other data, and connects to your accounting systems. Then, connect to Sheets or Excel, create your output mapping, and now you have a single source of truth you can manipulate without worrying if someone is going to hard code a cell and throw off downstream calculations. Cube will allow you to give your department leaders the ability to create their own scenarios and forecasts, track their budget to actuals, and see their own P&Ls, all within a spreadsheet.

Nachteile:

Cube is a newer platform, and as such they're doing aggressive feature building. This means that some functionality has been impacted on occasion for a short period of time. Thankfully, their customer service teams are on top of the issues and able to support.

Painless and Fun Implementation & Usage

Kommentare: We mainly use Cube as a way to store our budget (and consistent budget updates) and to do our reporting. We were housing our budget on a google sheet before and there were always formula breaks, manual errors, no audit trail, etc. With the implementation of Cube, we are able to have one source of truth and sleep easier knowing that our budget is stored correctly. I love that we can store each budget update as a different scenario as well and therefore be able to see how it has changed throughout the year. We were also manually updating reports each month with our budget from google sheets and actuals from Intacct. Now having everything all together in Cube has cut down on report building by days!! We hope to soon start importing our international entities financials as well to be able to see the full scope of our organization all in one place.

Vorteile:

One of my favorite parts of Cube was how quick and easy the implementation process was. We were up and running in less than a month after signing the contract and the team communicated with us the whole team. The training was super simple and our account manager is almost always available instantly to help us with whatever we need. I can actually sleep better at night knowing that all my information is correct and accurate and stored somewhere other than google drive. It has also helped me cut down immensely on the time to create a monthly report book.

Nachteile:

I would say the only downsides are that there is a limited number of dimensions your organization can have. As a nonprofit, we report on a lot of different areas and having more dimensions available to us could make things easier. On top of that, we show things at a very granular, detailed level in reports and having more dimensions would allow us to showcase these details more easily. It also can be a bit slow to run the imports from our accounting software Intacct to bring in actuals each month so I have to make sure I plan in advance to give 30 mins to an hour for the details to come through.

Cube is good if your company manages their reporting in Google Sheets

Vorteile:

The ability to integrate the product in our models on Google Sheets.

Nachteile:

The product doesn't have many features. It lacks analytics, dashboards, and other comprehensive features.

Great for growing companies

Kommentare: Really great, no drilldown is the biggest downside. Coming from a fortune 500 company with Hyperion to implementing cube has been pretty seamless.

Vorteile:

Integration was seamless, the people are all from FP&A so great to work with and fully understand all questions. I am a former Hyperion user and find Cube to be friendlier in some ways.

Nachteile:

There is no drilldown, I would love to be able to drill down by double clicking on revenue and have it list out all of the accounts that roll up to revenue, that way I dont have to manually enter them and would not miss any of the lower level accounts. It is also missing QTD calc. It would also be nice if a new GL account was created and it automatically mapped to the parent account rather than having to manually map new accounts each month.

Great product that has greatly improved our FP&A function

Kommentare: Overall the experience has been very good. It is super flexible and easy to use.

Vorteile:

I like how easy it is to update my reports and slides using Cube. I appreciate how responsive the customer service has been.

Nachteile:

At first it was hard to wrap my head around what cube was doing since there wasn't a lot of data visualization tools.