#1 most frequent
United States of America
54.5%24 installations of 44
What is Cube?
Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.
Categories & Use Cases
Top Performing Features
Local and consolidated reporting
Ability to report against individual business entities and the consolidated umbrella entity.
Category average: 8.3
Report sharing and collaboration
Report sharing and collaboration is the ability to easily share reports with others.
Category average: 8.3
Responsive Design for Web Access
Web design aimed at producing easy-to-read sites across a range of different devices.
Category average: 7.5
Areas for Improvement
Long-term financial planning
3-5 year financial plan with cashflow.
Category average: 8.7
Automated board and financial reporting
Tools to help automate creation of regulatory reports such as SEC filings and board books.
Category average: 8.2
Customizable dashboards
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
Category average: 7.7
Who Buys & Uses Cube
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
11.4%5 installations of 44
#3 most frequent
Canada
9.1%4 installations of 44
Intuitive & Powerful - Helps support a scrappy FP&A team
Use Cases and Deployment Scope
Quickbooks Online doesn't have a robust or flexible budget capability, and filling that gap is what led me to Cube. I'm able to fully house budget and forecast scenarios, run reports and analytics, all within Cube. It's easy to shift a couple parameters, hit update, and refesh your report in the same place to run different scenarios. I tend to use it more frequently than the accounting software's built in reports, and now I've extended its capabilities beyond just budgets and into revenue and payroll. We tie all these things together to go beyond budgeting and into forecasting, planning, etc.
Pros
- Intuitive - it acts as an extension of programs you're already familiar with, Excel and Sheets. There's no programming language to learn, no complicated portals to work within. If you don't know BI, you don't need to learn it. You can "Cube-ify" your existing spreadsheets, or build from the ground up. The functionality is similar to the way pivot tables work, so it's intuitive to learn and use.
- Powerful - It wrangles all our different streams of data from different places and you're able to control it with a few clicks from an Excel sidebar
- A huge shout out to the support team as well. I always have a dedicated rep at hand for help (what's up Riley!); the support articles are genuinely useful, which is refreshing for finance software; & they're always looking for product feedback to help adapt the roadmap to what's actually needed.
Cons
- The only flaw that I find is something they've communicated that they're constantly working to improve, which is speed to load or fetch data. It can be time consuming to update and process a bunch of different reports. However, some important caveats: some of the lag is due to the way our company structure is set up; I have been able to re-design/architect my reports/sheets with speed in mind & to make things more efficient, and that's gone a long way; Cube has already improved the speed of fetching noticeably since I first got setup. I expect it will only continue to improve until it's no longer even noticeable.
Return on Investment
- Time saved is a huge one. The budget & budget reporting process has been transformed from manual and tedious tasks to something much more streamlined and efficient
- I'm hoping to use Cube to gain insight into our COGS and job profitability and find some actual $$$ there
Other Software Used
QuickBooks Online, BILL, BILL Spend & Expense
GodirectRock
Use Cases and Deployment Scope
The customer service and account manager are very helpful and responsive throughout the course. However there are still issues with connector between Netsuite and CUBE after over 8 months from signup. The so-called direct integration hasn't really been working. It requires manual fix every time after I initiate an uploaded. The team hasn't been able to troubleshoot the root cause until now.
Pros
- Excellent customer service
Cons
- direct connection should be working every single time seamlessly
Most Important Features
- Cash Flow Forecast
- Financial Planning
Return on Investment
- Not much impact as several key setting are yet completed after 8 month of integration that limits my uses of CUBE as the FP&A tool.
Other Software Used
NetSuite ERP
Cube - The absolute best FP&A Software on the market
Use Cases and Deployment Scope
Cube is the absolute best FP&A software dollar for dollar out there. We looked at a few different vendors for our org and none of them came close to Cube when it came to the value that we get from them now. We really wanted about 3 different things for our organization: 1. Automated financial reporting 2. Ease of financial review 3. Assistance with budget and flux models Cube was the only software that really let a bunch of us non-techy people at our organization accomplish all of our goals without sacrificing anything. Cube easily integrates into Excel and makes it so easy for us to just plug it right into a template and roll it forward. Our FP&A team has been able to really utilize this software for the best as well. Their forecasting and budgeting has been a lot faster.
Pros
- Customer Service
- Customization of Financial Reports
- Ease of Integration
- Ongoing updates
- Continuous system testing and upgrades
- Additional capabilities
Cons
- Additional customization on the dashboard
- Updating new data templates
- Speed of refresh
Most Important Features
- Ease of Use
- Ease of Integration
- Cost
Return on Investment
- Additional time for analysis
- Less than budgeted spend
- More accurate financial results resulting in better decisions
Alternatives Considered
Vena
Great FP&A Excel Based Software
Use Cases and Deployment Scope
Cube is extremely simple to setup and easy to learn. I've worked with many FP&A tools in the past (IMB TM1 and Biznet are examples), but Cube has been my favorite thus far. TM1 is known as the powerhouse FP&A
tool, but came with many tech headaches that required outsourcing of setup to consulting firms. Cube on the other hand was implemented in a matter of days, with no external consultants. The Cube setup team was top notch and was available to answer questions at a moments notice.
In terms of functionality, the software is extremely easy to
use and took only a few hours to understand. The website portal is very clean
and well organized. Adding new date ranges, forecast or budget scenario's are
just a click of a button which is a big upgrade compared to the complexity
these seemingly simple tasks became with other software I've used.
It works great for our month end close process, reviewing
P&L details and variance analysis. Data import is just 1 click and data
export into excel is quick and easy.
Pros
- Easy to create monthly P&L variance analysis
- Data import and export is smooth and efficient
- Monthly reporting and analysis and easy to pull and update
Cons
- Data refresh over multiple tabs could be improved
- Speed at which data is imported can be improved
Most Important Features
- P&L creation
- Variance Analysis
- Forecast Scenario Building
Return on Investment
- Speed and Efficiency improved for month end close process
- Better consolidation of data for long term trend analysis
- Easy P&L Creation and Variance Analysis
Alternatives Considered
DataRails and IBM Planning Analytics
Great Financial Reporting Tool for Startups
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
- 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
Cons
- 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
