The 11+ best Mosaic competitors + alternatives (2024)

Mosaic Tech review

Mosaic is a cloud-based FP&A solution that helps you view business operations through dashboards, reporting tools, automated data reconciliation, and forecasting.

Mosaic supports agile planning and quicker decision-making by consolidating insights across ERP, CRM, HRIS, and billing systems. It combines its software with a simple user interface, making it easier to collaborate, report, and make data-driven decisions.

Mosaic features 

• Budgeting: Collects and analyzes data to help users understand their current and projected costs and revenues
• Data visualization: Offers different methods of visualizing data insights through dashboards, statistical graphs, and charts
• Version control: Regular updates so users have their most recent data
• Formulas: Budgeting formulas help estimate direct and indirect costs, operating and non-operating revenues, and more
• Custom reports: Edit and combine multiple department reports

Mosaic Analytics features 

"Analytics" is one of Mosaic's main features. Their "Analysis Canvas" provides a collaborative space for teams to work on reports and surface insights. The "Metrics Catalog" allows teams to choose from various out-of-the-box reporting templates. Mosaic also automates data gathering, so finance teams don't have to manually extract insights.

Mosaic Planning features 

"Planning" is the other primary feature of Mosaic's FP&A platform. Their “Financial Modeling tool” lets finance teams scale their financial planning with pre-configured components and flexible drivers. The “Collaboration platform” allows teams to set company goals and targets and get real-time updates on progress. Mosaic also provides a single financial planning platform for teams to have a unified view of the business.

Mosaic Arc AI

Mosaic Arc Ai is a chat-based assistant that helps finance teams supercharge their workflows, simplify complex tasks, and gain deeper insights. 

Finance teams can automate insights and use chat-based AI prompts to identify performance drivers and generate trend reports.

Mosaic integrations

Mosaic supports ERP, CRM, HRIS, Billing, and data warehouse software integrations. Users can integrate popular platforms like BambooHR, Google Sheets, Chargebee, Xero, Salesforce, Stripe, etc. 

Mosaic benefits

Based on user reviews, these are the main benefits of using Mosaic:

• Provides real-time data: Eliminates data silos and connects cross-system data to power real-time financial planning and analysis
• Easily integrates with other tools: Integrates with existing tech stack like ERP, CRM, HRIS, Data warehouse, and Billing systems
• Saves time and reduces error: Automates manual collection of data and provides a central platform for consolidating data
• Improves collaboration: Sharing and collaboration tools help users align their teams on metrics

Mosaic limitations

While some users appreciate Mosaic’s capabilities, others had challenges with the platform. 

• Long implementation process:  The implementation process can take several months. Some Mosaic alternatives, like Cube, have implementation times as short as two weeks. 
• SaaS-focused: It's created for companies and doesn’t support non-SaaS operations. 
• Challenging learning curve: Users have trouble understanding how to navigate the platform, and many spend several hours (and days) learning it. 
• Difficulty integrating other tools: Data importation and integration can be time-consuming.
• Fixed metrics: Users have trouble manipulating back-end data to suit their business needs and must rely on the fixed metrics provided by Mosaic Tech’s platform.
• Data formatting: You can only export data in a few formats, which makes it harder for employees and shareholders to share and interpret data insights.
  

Mosaic pricing

Mosaic doesn't provide details of its pricing plans on its website or share them with other sources. However, here's a brief description of its different plans: 

• Analytics: If you're a finance team looking to automate reporting and metrics, this plan offers analytics modules and automated HRIS, CRM, and ERP data connectors.
• Foundation: If you want to build strategic finance foundations, this plan includes analytics and planning modules plus data connectors.
• Growth: If you're looking to expand to advanced workflows, this plan offers analytics and planning modules, data connectors, vendor-level forecasting, metric builder, and more.

Top Mosaic competitors and alternatives

Based on customer reviews, you may find Mosaic Tech's limitations make it best for small businesses and less suitable for enterprises. As an FP&A tool, Mosaic suits small-scale SaaS companies that aren’t looking to scale quickly.

To help you find a better fit, we’ve compiled a list of alternative software options that offer more functionalities. 

1. Cube: Financial planning and analysis software

Cube is a cloud-based FP&A platform that helps companies hit their numbers without having to sacrifice their spreadsheets. Cube helps your finance team work anywhere by natively integrating with Excel and Google Sheets. This allows you to plan, analyze, and collaborate with ultimate speed and confidence.

Many high-growth companies, like Instride and Figment, use Cube for their FP&A needs, including projects that require coordination across various teams like reporting and budgeting.

So, when comparing Mosaic vs. Cube, how do the two solutions stack up?

Cube can do almost everything Mosaic does and more.

Cube: 

• Offers a true native Excel integration with all versions of Excel (no coding or formulas needed)
• Always remains reliable during sophisticated Excel calculations
• Onboards new accounts five times faster than the competition
• Uses simple formulas for creating reports
• Integrates with almost all source systems

Even more importantly, Cube was founded by a former CFO, building it with the problems and use cases of FP&A in mind from the start.

Features:

Use Cube to save time and improve your financial health with:

• Automated data consolidation: Centralize data from multiple systems into a single repository for easier collaboration.
• Shareable planning templates: Create new reports without starting from scratch, reducing time spent reinventing the wheel.
• Customizable dashboards and reports: Customize dashboards and reports to display different data types from various data sources, enabling easy presentation and understanding by teams and shareholders.
• Scenario planning and analysis: Forecast the financial impact of business decisions on revenues and expenses without committing any resources first. 
• Bidirectional Excel and Google Sheets integration: Easily import and export information from and to Excel and Google. 
• Integrates with everything: Integrate with popular ERPs (like NetSuite, Quickbooks Online, and Sage Intacct) and HRIS systems.

Pricing:

• Cube go: $1,500+/month 
• Cube pro: $2,800+/month 
• Enterprise: Custom quote. See detailed pricing for customizable plans

Book your free demo.

2. IBM Planning Analytics

IBM Planning Analytics is a business self-service analytics solution and a customizable modeling platform for your finance team.

With IBM Planning Analytics, you can gain automatic data insights from a custom planning workspace to improve your decision-making. The platform includes an interface for collaboration and an automated discovery feature for data analytics.

Additionally, IBM Planning Analytics offers an AI platform, IBM Analytics with Watson, which enables you to automate your planning and forecasting processes.

Features: 

• Templates: Create plans, budgets, and forecasts.
• Scenario analysis: Perform what-if scenario analysis to test assumptions.
• Modeling: Build multidimensional models to analyze profitability.
• Dashboards: Communicate insights with visualizations.
• Collaboration: Collaborate and integrate plans across departments.

Pricing: IBM Planning Analytics offers customizable pricing plans according to the number of users and the type of license they need.

The prices below do not include tax:

• Essential: $825/month
• Standard: $1650/month
• Premium: Custom quote

3. SAP Analytics Cloud

SAP Analytics Cloud is a business intelligence solution. It provides users with business planning, predictive analytics, digital boardroom, and reporting capabilities. 

With SAP Analytics Cloud, you can integrate Microsoft SQL and Salesforce into a single system. The platform offers data analytics functions, including ad hoc reports, planning and forecasting, and performance monitoring.

SAP Analytics Cloud lists technical requirements for configuring the software and offers multiple deployment methods. However, its long implementation time may not work for businesses that need software on the go.

Features: 

• Big data: Search global data sets to find and discover data.
• Data governance: Connect to enterprise data governance software.
• Planning: Use data from budgeting and forecasting to help businesses plan and make decisions.
• Workflow support: Share data insights and reports within and outside the tool and through other platforms.

Pricing: SAP Analytics Cloud offers two levels of pricing and a 30-day free trial. 

• Business: $384 per user/month
• Enterprise: Contact SAP Analytics Cloud for custom pricing

4. Phocas Software

Phocas Software is BI and financial reporting software for non-technical users. Its platform provides data discovery, analytical capabilities, ad-hoc data interrogation, data consolidation, and modeling features.

It has an inbuilt CRM which serves as a single platform for interlocking CRM data with other business information. It also integrates with other ERP or CRM programs.

The platform features integrated transactional and geospatial data, which works with OpenStreetMap or Google API.

Features: 

• Strategic planning: Visualize outcomes, define goals, and outline steps towards achieving them.
• Reporting: Ranges from high-level overviews to granular P&Ls. 
• Dashboards: Provides charts and graphs for users to track metrics and KPIs.

Pricing: Phocas Software keeps its pricing info private, but sources say the platform is more expensive than the industry average.

5. Workday Adaptive Planning

Workday Adaptive Planning is a cloud-based software solution that offers modeling, analytics, and planning capabilities. 

Their solutions help larger companies struggling with manual financial processes, data inaccessibility, data inaccuracy, limited scalability, weak data visualization, inefficient collaboration, disconnected spreadsheets, and more. 

It focuses on large enterprises, midsize to large companies, and divisions of enterprises and is for companies who already use other Workday solutions.

Features:

• Forecasting: Create a recurrent planning process according to a customizable timeline.
• Idea management: Capture, organize, and evaluate ideas based on business impact.
• KPI monitoring: Assess progress on set objectives.
• Roadmapping: Develop and communicate strategy with stakeholders.

Pricing: Workday Adaptive Planning provides pricing information on its website, but various sources estimate that pricing starts at $5,900, depending on the organization's size.

6. Vena Solutions

Vena Solutions is a capEX and complete planning software for businesses using Excel for FP&A planning to scale. 

It centralizes budgeting and workflows while leveraging Excel's format. The solution helps companies collaborate on their budgets and financial managers gain an overview of their financial operations.

Vena Solutions enables annual budgeting and ongoing business performance analysis on a monthly, quarterly, or yearly basis. It also provides reporting opportunities for variance analysis.

Features: 

• Collaboration: Allows every department to import data into a single location.
• Budgeting, forecasting, and reporting: Build models and make projections using historical data.
• KPI tracking and benchmarking: Track and report KPIs and benchmarks. 
• Integrations: Integrates with other business apps like Cpmview, Delaware, CIS Consulting, and more.
• Consolidation/roll-up: Consolidate numbers from multiple sources.

Pricing: Vena Solutions keeps its pricing data private, but sources say the product is more expensive than the industry average.

7. Anaplan

Anaplan is a suite of web-based planning and forecasting enterprise applications. It helps organizations make decisions by giving them real-time access to data sources. 

The application offers the ability to create and manage models, share data across teams, and collaborate on projects.

Anaplan works to help businesses make decisions by evaluating options and trade-offs in the current environment in real time. Anaplan also offers signal analysis to uncover insights and adapt to changing conditions and markets.

Features: 

• Data warehouse: House all data needed to create financial forecasts and maintain a single source of truth for all teams in the organization.
• Compensation plan modeling: Define the system's compensation packages and allowance plans.
• Integration: Integrate with other CRM and financial systems.
• Automation: Automate quality assurance and inspection processes for business products.

Pricing: Pricing for the Anaplan platform is not available online. The platform offers three tiers- Basic, Professional, and Enterprise.

Read more: Top Anaplan Alternatives

8. Planful

Planful is a cloud-based financial modeling tool that provides you with data insights for agile planning and decision-making. Planful streamlines your financial organization processes, including budgeting, consolidating, and analytics.

With Planful, you can manage cash flow, annual operating planning, monthly close and consolidation, and multi-dimensional analysis. The platform also offers real-time performance analysis, reporting automation, workflow automation, and more.

Planful provides prebuilt connectors to common data sources, an open-access RESTful API, and homegrown software. You can integrate it with your accounting and finance systems, data warehouses, and business intelligence tools.

Features: 

• Budgeting, forecasting, and planning: Plan and allocate budgets for the long term.
• Collaboration: Facilitate enterprise-wide collaboration between departments.
• Integrations: Maintain a single main hub for all the software used within the organization.

• Scenario planning: Explore a range of possible outcomes based on different external and internal scenarios they may face.

Pricing: Planful doesn't publicly share its pricing information. However, sources say it is one of the most expensive in the market.

Also read: Anaplan vs Adaptive vs Planful vs Vena vs Datarails vs Cube

9. Datarails

Datarails is an AI-powered FP&A platform for businesses that want to keep their Excel financial spreadsheets and models while automating manual processes.

With Datarails, you can support data consolidation, financial reporting, scenario analysis, budgeting and forecasting, and ERP-Excel connectivity. The platform allows you to drill down into underlying business data in real time.

Datarails includes a built-in visualization tool that integrates with other business intelligence tools and data warehouses. You can automate data collection and create KPI dashboards and reports.

Features:

• Storyboards: Use generative AI visuals to gain insights, spot trends, and share presentations.
• FP&A chat tool: Get answers to critical business questions about forecasts, budgets, and variances.
• Scenario modeling: Identify key drivers and trends and prepare for best-case and worst-case scenarios ahead of time.
• Collaborative planning: Connect all teams working on budgets and forecasts and track file versioning and status for each department.

Pricing: Datarails pricing is unavailable on their website or other review websites.

10. Board

Board is a business insight software solution with predictive analytics capabilities that leverage machine learning algorithms to give users forecasts.

Board offers financial modeling tools and simulation capabilities, enabling companies to set objectives, track progress, analyze complex datasets, and draw insights.

It offers self-service planning, forecasting, and analytics that unify metrics, analytics, and reports in a single platform. Users can create custom planning and analysis applications through an open API.

Features: 

• Reporting templates: Use pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.
• Audit trails: Create workflows to assign tasks for audits and inspections and monitor work in progress, timelines, and approvals.
• Extended planning: Perform analysis for business plans outside of finance, including sales, marketing, and HR.
• Data mining: Mine data from databases and prepare them for analysis.

Pricing: Board doesn’t list its pricing information on its website because it depends on the size of the business, the number of user licenses, and custom needs. But, sources report that Board is less expensive than the industry average.

11. Centage Planning Maestro

Centage Planning Maestro is cloud-based financial intelligence, planning, and analytics software. 

Planning Maestro offers various features, including cash management tools, ad hoc reporting, KPI tracking, what-if scenario analysis, and data visualization capabilities. 

Budget Maestro is their budgeting tool that provides basic planning capabilities to help businesses understand their spending habits and plan better for future investments.

Features: 

• Cloud-based: Use a cloud-native technology platform optimized for performance and scalability.
• Modeling: Leverage pre-built modules for revenue planning, headcount modeling, and other tasks, with no proprietary scripts, formulas, links, or logic to maintain. 
• Automation: Automate consolidation of multiple units, locations, and products.
• Self-service: Get full functionality with little to no IT involvement.

Pricing: Centage Planning Maestro has three pricing tiers: Standard, Professional, and Enterprise. Prices aren’t listed on their website. 

Choose the best Mosaic Tech alternative

Choosing the right FP&A software is essential for managing your finances and making informed decisions. While Mosaic is a popular option, it suits small, SaaS businesses best.

If you're a mid-sized or enterprise company, SMB, or a startup focused on hyper-growth, you need an alternative solution that simplifies the complexities of FP&A.

Look for software that:

• Scales easily
• Integrates with everything
• Super simple to implement
• Powerful enough to simplify your workflows but simple enough for anybody to learn
• Works for companies of all sizes

Book a free demo with Cube to see if this software meets your needs.