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Top Rated
239 Ratings
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35 Ratings

Adaptive Insights, a Workday company

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Top Rated
239 Ratings
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Score 8.3 out of 100

IBM Planning Analytics

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35 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

Adaptive Insights, a Workday company

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

IBM Planning Analytics

Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great asset during month-end or year-end closing. The speed at which it can be updated and reflect GL changes for reporting makes it well suited for PL and BL reporting. For example, when it comes budgeting season and your FI application is getting hammered a speedy application makes your user base happy. However, Cognos TM1 is not well suited for reporting when you have to store a lot of granular data, think retail transaction level stuff, as Cognos TM1 is an OLAP data structure rather than relational.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
IBM Planning Analytics
6.8
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.1
Customizable dashboards
Adaptive Insights, a Workday company
10.0
IBM Planning Analytics
6.9
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
6.4

Ad-hoc Reporting

Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.0
Drill-down analysis
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.5
Formatting capabilities
Adaptive Insights, a Workday company
7.0
IBM Planning Analytics
6.6
Integration with R or other statistical packages
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.0
Report sharing and collaboration
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.0

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.2
Publish to PDF
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.4
Report Versioning
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.2
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
6.4
Publish to Web
Adaptive Insights, a Workday company
IBM Planning Analytics
7.7

Data Discovery and Visualization

Adaptive Insights, a Workday company
7.7
IBM Planning Analytics
6.8
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights, a Workday company
7.0
IBM Planning Analytics
7.4
Location Analytics / Geographic Visualization
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
7.0
Predictive Analytics
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
5.9

Access Control and Security

Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.9
Multi-User Support (named login)
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.7
Role-Based Security Model
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.8
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.8
Single Sign-On (SSO)
Adaptive Insights, a Workday company
IBM Planning Analytics
8.2

Mobile Capabilities

Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
6.3
Responsive Design for Web Access
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
6.3
Dedicated iOS Application
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
6.8
Dedicated Android Application
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
6.1
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights, a Workday company
10.0
IBM Planning Analytics
5.9

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.4
IBM Planning Analytics
7.7
Long-term financial planning
Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
7.8
Financial budgeting
Adaptive Insights, a Workday company
8.9
IBM Planning Analytics
7.9
Forecasting
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
8.0
Scenario modeling
Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
7.6
Management reporting
Adaptive Insights, a Workday company
8.8
IBM Planning Analytics
7.3

Consolidation and Close

Adaptive Insights, a Workday company
7.8
IBM Planning Analytics
7.1
Financial data consolidation
Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
7.2
Journal entries and reports
Adaptive Insights, a Workday company
6.1
IBM Planning Analytics
6.4
Multi-currency management
Adaptive Insights, a Workday company
7.3
IBM Planning Analytics
7.8
Intercompany Eliminations
Adaptive Insights, a Workday company
7.8
IBM Planning Analytics
7.2
Minority Ownership
Adaptive Insights, a Workday company
7.7
IBM Planning Analytics
6.8
Local and consolidated reporting
Adaptive Insights, a Workday company
8.4
IBM Planning Analytics
7.4
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
7.1

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.9
IBM Planning Analytics
7.6
Financial Statement Reporting
Adaptive Insights, a Workday company
8.7
IBM Planning Analytics
7.8
Management Reporting
Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
7.7
Excel-based Reporting
Adaptive Insights, a Workday company
7.4
IBM Planning Analytics
8.3
Automated board and financial reporting
Adaptive Insights, a Workday company
7.6
IBM Planning Analytics
7.1
XBRL support for regulatory filing
Adaptive Insights, a Workday company
7.4
IBM Planning Analytics
7.3

Analytics

Adaptive Insights, a Workday company
7.1
IBM Planning Analytics
7.4
Personalized dashboards
Adaptive Insights, a Workday company
7.5
IBM Planning Analytics
7.7
Color-coded scorecards
Adaptive Insights, a Workday company
6.5
IBM Planning Analytics
7.3
KPIs
Adaptive Insights, a Workday company
7.4
IBM Planning Analytics
6.9
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
7.6
Key Performance Indicator setting
Adaptive Insights, a Workday company
7.9
IBM Planning Analytics
7.4
Benchmarking with external data
Adaptive Insights, a Workday company
5.4
IBM Planning Analytics
7.4

Integration

Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
7.9
Flat file integration
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
8.0
Excel data integration
Adaptive Insights, a Workday company
8.3
IBM Planning Analytics
8.3
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
7.5

Pros

Adaptive Insights, a Workday company

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie | TrustRadius Reviewer

IBM Planning Analytics

  • TM1 is tremendously more flexible than the competitor products due to its ability to calculate real-time.
  • Hierarchy changes are instantly available to take advantage of the real-time calculation. No pre-consolidations needed!
  • Native write-back capability allows for simple, integrated budgeting, forecasting and what-if analysis.
  • IBM is constantly improving the product and integrating with new products like Cognos BI, SPSS and is now beginning to integrate it with Watson Analytics.
  • New cloud versions of TM1 are now providing some really great web-based tools to simplify and streamline the presentation development and strengthen the self-service reporting, analytics and what-if analysis capacity.
Christopher Redmond | TrustRadius Reviewer

Cons

Adaptive Insights, a Workday company

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger | TrustRadius Reviewer

IBM Planning Analytics

  • Would like IBM to ensure the Cloud experience is as stable as the on-premise version.
  • More direct IBM involvement to resolve system & environment issues & informing the customer directly rather than through 3rd party support providers who may not be able to.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.9
Based on 34 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald | TrustRadius Reviewer

IBM Planning Analytics

IBM Planning Analytics 10.0
Based on 1 answer
This is a planning developer's dream. You feel like you're given a blank canvas with all the right tools to make it an artwork. It is the future of business application development.
David Chen | TrustRadius Reviewer

Usability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.3
Based on 79 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak | TrustRadius Reviewer

IBM Planning Analytics

IBM Planning Analytics 9.0
Based on 1 answer
The application is easy to install and to develop with. Your super users have the ability to manage the data and the user logins without IT help.
Anonymous | TrustRadius Reviewer

Reliability and Availability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.4
Based on 10 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Performance

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 5 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.9
Based on 13 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke | TrustRadius Reviewer

IBM Planning Analytics

IBM Planning Analytics 7.5
Based on 15 answers
Support is good and you find many IBM Tech Documents and best-practices from the IBM Support Website. In our country we're missing local IBM Support and that means we have to be connected to foreign IBM Support with different time zones. However, the support works great and Support's response time is fast.
Anonymous | TrustRadius Reviewer

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.7
Based on 7 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.7
Based on 15 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Alternatives Considered

Adaptive Insights, a Workday company

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis | TrustRadius Reviewer

IBM Planning Analytics

I have not used any other products deeply. The only products I have only done a quick test where AnaPlan and Jedox, but not deeply enough to have a full comparison and give further detail on this matter. Also I have used Excel spreadsheets as a user and as a developer but TM1 is superior in any sense.
Anonymous | TrustRadius Reviewer

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 8 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra | TrustRadius Reviewer

IBM Planning Analytics

  • Increased employee efficiency. Employees have more time to analyze the results because little time is spent gathering or compiling data
  • More accurate forecasts and predictions based on the data due to it's efficiency
  • Better planning for future years based on accurate historical data
Anonymous | TrustRadius Reviewer

Screenshots

Pricing Details

Adaptive Insights, a Workday company

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

* per seat, per installation

IBM Planning Analytics

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Adaptive Insights, a Workday company
7.7
IBM Planning Analytics
8.2

Likelihood to Renew

Adaptive Insights, a Workday company
8.9
IBM Planning Analytics
10.0

Usability

Adaptive Insights, a Workday company
7.3
IBM Planning Analytics
9.0

Reliability and Availability

Adaptive Insights, a Workday company
7.4
IBM Planning Analytics

Performance

Adaptive Insights, a Workday company
9.1
IBM Planning Analytics

Support

Adaptive Insights, a Workday company
7.9
IBM Planning Analytics
7.5

In-Person Training

Adaptive Insights, a Workday company
8.2
IBM Planning Analytics

Online Training

Adaptive Insights, a Workday company
8.7
IBM Planning Analytics

Implementation

Adaptive Insights, a Workday company
8.7
IBM Planning Analytics

Scalability

Adaptive Insights, a Workday company
9.1
IBM Planning Analytics

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