Alteryx vs. IBM Planning Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Alteryx
Score 9.0 out of 10
N/A
Alteryx aims to be the launchpad for automation breakthroughs. Be it for personal growth, achieving transformative digital outcomes, or rapid innovation, Alteryx converges analytics, data science and process automation to enable users across organizations to make business-altering breakthroughs. Alteryx Designer can be used to automate every analytics step — from data prep to data science. Access any data source or type, then blend via drag-and-drop interface.…N/A
IBM Planning Analytics
Score 7.4 out of 10
N/A
IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed to help users move beyond the limits of spreadsheets, automating the planning process to drive faster, more accurate results. Use it to unify data sources into one single repository, enabling users to build…
$825
per month 5 users
Pricing
AlteryxIBM Planning Analytics
Editions & Modules
No answers on this topic
Essentials
$825
per month 5 users
Standard
$1,650
per month 10 users
Offerings
Pricing Offerings
AlteryxIBM Planning Analytics
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Features
AlteryxIBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.6
81 Ratings
9% above category average
Pixel Perfect reports00 Ratings8.272 Ratings
Customizable dashboards00 Ratings9.081 Ratings
Report Formatting Templates00 Ratings8.776 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.6
87 Ratings
4% above category average
Drill-down analysis00 Ratings9.185 Ratings
Formatting capabilities00 Ratings9.086 Ratings
Integration with R or other statistical packages00 Ratings7.565 Ratings
Report sharing and collaboration00 Ratings8.783 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.2
85 Ratings
1% above category average
Publish to Web00 Ratings7.980 Ratings
Publish to PDF00 Ratings9.079 Ratings
Report Versioning00 Ratings8.478 Ratings
Report Delivery Scheduling00 Ratings7.570 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
7.8
85 Ratings
4% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings9.085 Ratings
Location Analytics / Geographic Visualization00 Ratings8.080 Ratings
Predictive Analytics00 Ratings7.676 Ratings
Pattern Recognition and Data Mining00 Ratings6.89 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
9.0
88 Ratings
4% above category average
Multi-User Support (named login)00 Ratings9.486 Ratings
Role-Based Security Model00 Ratings9.487 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.488 Ratings
Report-Level Access Control00 Ratings8.713 Ratings
Single Sign-On (SSO)00 Ratings8.182 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
7.4
78 Ratings
5% below category average
Responsive Design for Web Access00 Ratings7.477 Ratings
Mobile Application00 Ratings6.941 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings6.950 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
9.1
92 Ratings
10% above category average
Long-term financial planning00 Ratings9.390 Ratings
Financial budgeting00 Ratings9.392 Ratings
Forecasting00 Ratings9.392 Ratings
Scenario modeling00 Ratings9.391 Ratings
Management reporting00 Ratings8.691 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.2
86 Ratings
4% above category average
Financial data consolidation00 Ratings9.082 Ratings
Journal entries and reports00 Ratings8.076 Ratings
Multi-currency management00 Ratings8.576 Ratings
Intercompany Eliminations00 Ratings7.475 Ratings
Minority Ownership00 Ratings6.468 Ratings
Local and consolidated reporting00 Ratings9.378 Ratings
Detailed Audit Trails00 Ratings8.881 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.4
87 Ratings
3% above category average
Financial Statement Reporting00 Ratings9.283 Ratings
Management Reporting00 Ratings8.784 Ratings
Excel-based Reporting00 Ratings9.386 Ratings
Automated board and financial reporting00 Ratings8.676 Ratings
XBRL support for regulatory filing00 Ratings6.554 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.9
88 Ratings
10% above category average
Personalized dashboards00 Ratings9.087 Ratings
Color-coded scorecards00 Ratings9.083 Ratings
KPIs00 Ratings9.186 Ratings
Cost and profitability analysis00 Ratings9.285 Ratings
Key Performance Indicator setting00 Ratings9.185 Ratings
Benchmarking with external data00 Ratings7.858 Ratings
Integration
Comparison of Integration features of Product A and Product B
Alteryx
-
Ratings
IBM Planning Analytics
8.7
88 Ratings
6% above category average
Flat file integration00 Ratings8.985 Ratings
Excel data integration00 Ratings9.386 Ratings
Direct links to 3rd-party data sources00 Ratings8.078 Ratings
Best Alternatives
AlteryxIBM Planning Analytics
Small Businesses
Klipfolio
Klipfolio
Score 8.7 out of 10

No answers on this topic

Medium-sized Companies
Klipfolio
Klipfolio
Score 8.7 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises

No answers on this topic

Prophix
Prophix
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AlteryxIBM Planning Analytics
Likelihood to Recommend
9.2
(127 ratings)
9.3
(98 ratings)
Likelihood to Renew
8.5
(19 ratings)
9.1
(5 ratings)
Usability
9.3
(52 ratings)
8.2
(63 ratings)
Availability
7.8
(4 ratings)
-
(0 ratings)
Performance
9.0
(38 ratings)
-
(0 ratings)
Support Rating
9.2
(52 ratings)
9.0
(88 ratings)
In-Person Training
7.0
(1 ratings)
-
(0 ratings)
Online Training
8.6
(2 ratings)
-
(0 ratings)
Implementation Rating
8.2
(5 ratings)
-
(0 ratings)
Configurability
7.4
(2 ratings)
-
(0 ratings)
Ease of integration
8.3
(3 ratings)
-
(0 ratings)
Product Scalability
7.5
(3 ratings)
9.1
(1 ratings)
Vendor post-sale
8.2
(2 ratings)
-
(0 ratings)
Vendor pre-sale
7.3
(1 ratings)
-
(0 ratings)
User Testimonials
AlteryxIBM Planning Analytics
Likelihood to Recommend
Alteryx
We're trying right now to get more people using it at our company so we can send management documented cases for how we can expand and purchase Alteryx Server which will extend the capabilities even more and across more departments. It's been well suited for pretty much everything we do on a repeating schedule. It's worth the time to set up the workflows. When Treasury sends me the bank download now - I save it to a folder and run our workflows and send back 2 journal entries in .9 seconds. (yes - in less than a second it's finished running)
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IBM
I would be likely to recommend IBM Planning Analytics, particularly in scenarios where comprehensive financial and operational planning is essential. For instance, in our construction company, it is awesome for optimizing resource allocation across multiple projects, creating detailed project budgets, and conducting risk analysis to mitigate project uncertainties.
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Pros
Alteryx
  • Pulling data from multiple disparate data sources.
  • Allows users to see the data at every step of the workflow to be able to cleanse, analyze, and optimize the data.
  • Provides an analytics platform that is easy for users of all levels to thrive in whether they are just starting out in their analytics journey or they have a master's degree in Data Science.
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IBM
  • Forecasting after taking into account seasonal trends and exceptional transactions
  • Unlike spreadsheets, there is no fear of an user making changes to the mastercopy accidentally. Each user gets his or her own workspace to analyze.
  • For entities operating in multiple countries, connects seamlessly with IBM Cognos Controller for taking into account variation in currencies
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Cons
Alteryx
  • Steeper Learning Curve: Alteryx can have a steep learning curve for users who are new to the platform or have limited experience with data analytics. Enhancements to the user interface and user onboarding resources could help make the learning process more intuitive and accessible to a wider range of users.
  • Enhanced Data Visualization Capabilities: Alteryx offers basic data visualization capabilities, but there is room for improvement in terms of advanced visualizations and interactive dashboarding features. Adding more sophisticated chart types, interactive widgets, and customization options would enhance the data visualization capabilities within the platform.
  • Improved Error Handling and Debugging: Alteryx provides error handling mechanisms, but enhancing the error reporting and debugging capabilities would be beneficial. Improved error messages, better visibility into data flow, and debugging tools could help users troubleshoot and resolve issues more efficiently.
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IBM
  • IBM Planning Analytics was an upgrade from an older version of TM1 that is experiencing some growing pains, some functionality is harder to reach than it has been in the past
  • It is easy to learn as a surface user with created reports, but it does require some technical skills to make advanced calculations and reports if there is no reliable consultant available, much like Excel
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Likelihood to Renew
Alteryx
We've developed a working partnership with Alteryx. As an enablement suite, we're continuing to innovate and deliver great products with use of Alteryx in our solutions. Alteryx use expands to our global product development teams and is in use in multiple parts of our organization. Alteryx also delivers Experian demographic content to other clients in their product offering. We're highly likely to renew, but that decision is way above my pay grade.
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IBM
Since IBM Cognos Express is suitable only for medium data warehouse environment, we are not sure if this tool solves the long term need as the business keeps growing rapidly. So its a 50/50 ratio to renew Express license. But having said that, the components of IBM Cognos Express are also available in other Cognos BI suites like Cognos 10.x version. So we will probably upgrade our environment to IBM Cognos 10.x which comes with more new features.
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Usability
Alteryx
I've found that while some things might take a little longer to create, the flexibility of Alteryx allows you to perform any function needed. I haven't found a use that was not available in Alteryx yet. APIs and XMLs can be created to perform certain functions. In addition, CMD line commands can be sent using Alteryx to perform certain functions as well.
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IBM
For developers, admins and end users looking for flexibility, IBM Planning Analytics would rate very highly on usability. For example, a developer has access to a highly performant built-in ETL (Extract Translate Load) tool and scripting language called Turbo Integrator that can (among other things) bring in data via flat file or direct connection from many data sources, move data around Planning Analytics, perform batch calculations, export to files or other data stores. In the rare situation where limitations are encountered there is a well documented REST API. Admins and end users benefit from the intuitive PAW (Workspace) interface as well as the rich Excel integration through Planning Analytics for Excel (PAfE). Since flexibility inherently comes with a little more complexity, so an organization with simple and "cookie-cutter" requirements may rate Planning Analytics a little lower.
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Reliability and Availability
Alteryx
I use many programs and compared to others, Alteryx virtually never goes down, freezes up or gives an application error. Over a 4 year time period that I have used this program, any of these may have happened 3 times. It is an incredibly stable program that I feel completely confident in.
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IBM
No answers on this topic
Performance
Alteryx
Alteryx is an extremely reliable platform. If there is an error in my workflow, I feel pretty strongly it was probably my fault. The platform also handles large amounts of data very quickly and can join/match, sort, filter, calculate on that data quickly as well. One of my favorite things to build into a workflow are the messages based on data/metadata and error messages based on errors I have come across before.
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IBM
No answers on this topic
Support Rating
Alteryx
Stellar, bar-none. Some of the best support folks of any vendor. The Alteryx Community is the most responsive and supportive. On the rare occasion of a release issue or bug, we've been able to get quick help to solve the core problem. Alteryx does not play the blame game. They genuinely help the users solve their issues or respond to questions
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IBM
Although I find the IBM Planning analytics documentation quite time consuming, their support with email and call is something i can term as very considerate and patient, I have had few calls about the features and how i would want to implement them within my projects, and the teams have been super helpful to resolve my issues
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In-Person Training
Alteryx
1st level of trainings which I've attended in Paris was easy and I was already knowing %90, that learning could have been an e-learning instead of in-person
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IBM
No answers on this topic
Online Training
Alteryx
Very good, detailed online trainings which you can take at your own pace, and strong certifications exists, certifications are extremely detailed and hard...
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IBM
No answers on this topic
Implementation Rating
Alteryx
There is really not much to it (the installation, that is). Once you get it installed, along with any of the add-ons (demographics, R, etc.), you are up and running almost immediately. There is really no additional setup. You can immediately begin blending data, running demographics, performing spatial queries, running predictive analysis, etc. And for many of these functions, the learning curve is quite easy.
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IBM
No answers on this topic
Alternatives Considered
Alteryx
Alteryx is MUCH more user friendly. both provide the ability to code within them, but Alteryx has much nicer interface. The formula tools have a more simple language that is easier to learn than formulae in SSIS. Alteryx is easy to read with multi colored tools identifying what each one does. It also allows for macros. You can build your own tool to process records of data or batch records together.
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IBM
Anaplan does not handle sparsity; this is very problematic for large volume data sets (many 0's). There also are limitations to the number of dimensions that can be used in a module. If more dimensions are required, then separate modules need to be built and intertwined. IBM PA does not have these limitations.
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Scalability
Alteryx
Individual analysts can quickly generate results using their own copy of Alteryx Designer. But using the Server and developing macros for more complex needs can be time consuming.
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IBM
No answers on this topic
Return on Investment
Alteryx
  • Error handling - allows controls to be built into workflows easily and allows them to be isolated and spat into control reports that can be easily reviewed and audited, thanks to the ability to create multiple outputs in one go.
  • Time-saving - saved huge amounts of time, especially when moving Excel processes into Alteryx.
  • Product development - allowed my firm to create products that we have been able to market and sell to clients.
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IBM
  • One of the advantage is on its ability to ease budget and planning
  • Secondly,the fact that it allows for forecasting means based on such insights means that organisations are able to prepare for future eventualities
  • Thirdly, since it can accommodate data from multiple sources means that one is able to carry out best business practices like planning.
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ScreenShots

Alteryx Screenshots

Screenshot of Alteryx APA - Automating asset inputsScreenshot of Alteryx APA - Automating outcomesScreenshot of Alteryx APA - Data enrichment and insightsScreenshot of Alteryx APA - Data quality and preparationScreenshot of Alteryx APA - Data science and decisions

IBM Planning Analytics Screenshots

Screenshot of Workflow managementScreenshot of Income statementScreenshot of Margin analysisScreenshot of Metrics managementScreenshot of Income statementScreenshot of Expense analysis