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Top Rated
219 Ratings
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47 Ratings

Adaptive Insights, a Workday company

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Top Rated
219 Ratings
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Score 8.5 out of 101

IBM Planning Analytics

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47 Ratings
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Score 8.6 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
8.3
IBM Planning Analytics
9.2
Long-term financial planning
Adaptive Insights, a Workday company
8.4
IBM Planning Analytics
8.7
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
8.7
Scenario modeling
Adaptive Insights, a Workday company
7.0
IBM Planning Analytics
9.4
Management reporting
Adaptive Insights, a Workday company
8.3
IBM Planning Analytics
9.4

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
5.8
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
7.1
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
7.7
IBM Planning Analytics
9.1
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
IBM Planning Analytics
10.0
Management Reporting
Adaptive Insights, a Workday company
8.4
IBM Planning Analytics
9.4
Excel-based Reporting
Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
10.0
Automated board and financial reporting
Adaptive Insights, a Workday company
7.6
IBM Planning Analytics
8.7
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.6
IBM Planning Analytics
7.3

Analytics

Adaptive Insights, a Workday company
7.2
IBM Planning Analytics
8.3
Personalized dashboards
Adaptive Insights, a Workday company
7.4
IBM Planning Analytics
8.7
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
IBM Planning Analytics
7.5
KPIs
Adaptive Insights, a Workday company
7.3
IBM Planning Analytics
6.9
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
9.4
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.0
IBM Planning Analytics
9.4
Benchmarking with external data
Adaptive Insights, a Workday company
6.0
IBM Planning Analytics
8.1

Integration

Adaptive Insights, a Workday company
8.1
IBM Planning Analytics
9.6
Flat file integration
Adaptive Insights, a Workday company
7.9
IBM Planning Analytics
9.4
Excel data integration
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.2
IBM Planning Analytics
9.4

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

  • Cognos TM1 is great for planning, both workforce and financial, as it allows for complex hierarchies to be built and maintained via automated routines and simple scripts.
  • Cognos TM1 ability to directly connect to an external system and extract data allows you to roll your own ETL processes and keep the bottleneck (that is IT) out of your financial consolidation project.
  • Cognos TM1 has the ability to be both cloud based and fully on-premise which is of great for institutions that are cloud adverse and want an alternative Adaptive Analytics.
No photo available

Cons

Adaptive Insights, a Workday company

  • Model - It takes a little bit of time to get familiar with how the model works.
Denise Lewis profile photo

IBM Planning Analytics

  • The memory and core management of Cognos TM1 could be improved to make system administrators happier.
  • It could be cheaper on PVU basis or licenses could be more flexible to the needs of finance.
  • The user community for Cognos TM1 is not lead by IBM, but instead the users/developers themselves. I think IBM could improve this somewhat by organizing things a bit better.
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 7.6
Based on 12 answers
Their support infrastructure is world-class. Of course, they have a team that responds directly to issues/questions, but they also have an ecosystem of support (blogs, user forums) and training (in fact, they're training modules are some of the best I've seen).
Brad MacDonald 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
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg 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
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Alternatives Considered

Adaptive Insights, a Workday company

My decision came down to Adaptive vs Host Analytics. Host made the claim that because their sheets were just like excel, you wouldn't need to learn any new commands. Rather, I thought that was a downside. I didn't want another glorified version of excel, I was looking for something different, something new. Adaptive had that. They were also far more willing to work with a nonprofit and become a partner, rather than just a vendor.
Daniel Killpack 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 fit in a company with a small FI team. Compared to Adaptive Insights the management of Cognos TM1 is simpler and for most financial consolidation projects a full-time application administrator is not required as power users can do most things without intervention.
No photo available

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • We've completely eliminated Excel in the budget cycle. I no longer have to consolidate 90 spreadsheets to get the organizational budget. Last minute changes are saved in Adaptive. With the audit feature, I can know who made what change and whether or not it was approved at the top level.
  • KPI dashboards have lowered expenses as users have real-time information on their expense ratio for major events. We've been able to lower costs, increase gross revenue and net revenue all at the same time.
Daniel Killpack profile photo

IBM Planning Analytics

  • Internally, using TM1 has streamlined our inter and intra-team communication.
  • Internally and externally, TM1 has improved our accuracy in predictive analytics of our project costs and completion targets.
  • Externally, we are better able to deliver the project needs of clients through transformation of their raw data into meaningful, appropriate, timely and insightful information.
Christopher Redmond profile photo

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
1.  per seat, per installation
Additional Pricing Details

IBM Planning Analytics

General

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

Add comparison