<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
223 Ratings

Adaptive Insights, a Workday company

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
223 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.6 out of 101
47 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

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.
No photo available

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
IBM Planning Analytics
7.0
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
6.0
Customizable dashboards
Adaptive Insights, a Workday company
10.0
IBM Planning Analytics
8.0
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
7.0

Ad-hoc Reporting

Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
8.3
Drill-down analysis
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
9.0
Formatting capabilities
Adaptive Insights, a Workday company
7.0
IBM Planning Analytics
8.0
Integration with R or other statistical packages
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
Report sharing and collaboration
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
8.0

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
9.0
Publish to PDF
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
9.0
Report Versioning
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
9.0
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics

Data Discovery and Visualization

Adaptive Insights, a Workday company
7.7
IBM Planning Analytics
8.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights, a Workday company
7.0
IBM Planning Analytics
9.0
Location Analytics / Geographic Visualization
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
8.0
Predictive Analytics
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics

Access Control and Security

Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
9.0
Multi-User Support (named login)
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
9.0
Role-Based Security Model
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights, a Workday company
9.0
IBM Planning Analytics
10.0
Single Sign-On (SSO)
Adaptive Insights, a Workday company
IBM Planning Analytics
9.0

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
9.1
Long-term financial planning
Adaptive Insights, a Workday company
8.3
IBM Planning Analytics
8.6
Financial budgeting
Adaptive Insights, a Workday company
8.7
IBM Planning Analytics
10.0
Forecasting
Adaptive Insights, a Workday company
8.9
IBM Planning Analytics
8.6
Scenario modeling
Adaptive Insights, a Workday company
6.7
IBM Planning Analytics
9.3
Management reporting
Adaptive Insights, a Workday company
8.4
IBM Planning Analytics
9.3

Consolidation and Close

Adaptive Insights, a Workday company
7.5
IBM Planning Analytics
9.0
Financial data consolidation
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
10.0
Journal entries and reports
Adaptive Insights, a Workday company
5.9
IBM Planning Analytics
8.0
Multi-currency management
Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
10.0
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
IBM Planning Analytics
10.0
Minority Ownership
Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
8.0
Local and consolidated reporting
Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
10.0
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
7.0

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.6
IBM Planning Analytics
9.0
Financial Statement Reporting
Adaptive Insights, a Workday company
8.8
IBM Planning Analytics
10.0
Management Reporting
Adaptive Insights, a Workday company
8.5
IBM Planning Analytics
9.3
Excel-based Reporting
Adaptive Insights, a Workday company
6.9
IBM Planning Analytics
10.0
Automated board and financial reporting
Adaptive Insights, a Workday company
7.5
IBM Planning Analytics
8.6
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.4
IBM Planning Analytics
7.3

Analytics

Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
8.1
Personalized dashboards
Adaptive Insights, a Workday company
7.5
IBM Planning Analytics
8.6
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
IBM Planning Analytics
7.1
KPIs
Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
6.4
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
9.3
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
9.3
Benchmarking with external data
Adaptive Insights, a Workday company
5.8
IBM Planning Analytics
7.8

Integration

Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
9.5
Flat file integration
Adaptive Insights, a Workday company
7.9
IBM Planning Analytics
9.3
Excel data integration
Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
9.3

Pros

Adaptive Insights, a Workday company

  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
Brian Kyslinger profile photo

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 profile photo

Cons

Adaptive Insights, a Workday company

  • The format of reports when downloaded to Excel or PowerPoint could use improvement.
  • Would be nice if you could inactivate GL accounts when they are no longer being used.
  • Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.
Gary Grzesiak profile photo

IBM Planning Analytics

  • User interface could be more modern and intuitive
  • Better capability to brand the tool to fit your company's aesthetic
  • Built in / out of the box stock-based-compensation modeling
  • More colors and fonts for visualizations
No photo available

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.8
Based on 33 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 profile photo

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 profile photo

Usability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.3
Based on 77 answers
The Adaptive Suite is well-rounded. We love the add-on OfficeConnect because it allows us to quickly pull data from Adaptive in a report format. Once you set up the OfficeConnect, it's as easy as pushing a button to re-run. This has been especially helpful for month-end reporting and reconciling data in the Budget.
Samantha Monastra profile photo

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.
No photo available

Reliability and Availability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 9 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 profile photo

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 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.7
Based on 12 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 profile photo

IBM Planning Analytics

IBM Planning Analytics 8.0
Based on 1 answer
There are good support people in Ottawa, but having access to the development team and a TAM make the support. Without that access I don't think IBM Support would be as highly rated.
No photo available

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 6 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 profile photo

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.5
Based on 14 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 profile photo

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 profile photo

IBM Planning Analytics

  • TM1 is an in-memory solution which provides on-demand calculations and consolidations with the flexibility to instantly apply hierarchy changes and allows storage and reporting of text.
  • TM1 has an extremely fast ETL tool which can consume most data sources.
  • Cube rules virtually stand alone among the competition.
  • Most competitor products strive to match TM1 performance, flexibility and functionality.
  • As an IBM product, TM1 continues to be integrated into many other "sister" products and has a vast R&D team with deep pocket resources available and committed to continued product development.
Christopher Redmond profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 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® profile photo

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • Our budgeting and forecasting cycles are now faster, more accurate and can evolve dynamically throughout the process. This is especially important in our business which is experiencing rapid growth.
  • Our ability to push out bespoke reporting to business owners has massively improved.
  • For our most recent budget cycle, we were able to simply and quickly illustrate the impact of foreign exchange fluctuations to our board.
Andy Clifton profile photo

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
No photo available

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

Add comparison