What users are saying about
215 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
33 Ratings
215 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.9 out of 100

IBM Planning Analytics

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
33 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.3 out of 100

Likelihood to Recommend

Anaplan

Well Suited
  • Any process that you expect to change frequently.
  • A process within a dynamic environment, such as high tech / the startup world, where you expect significant business process changes.
  • Any process that requires a significant number of collaborators.
  • Any process where you intend for users to update logic with Excel-like formulas.
  • Any process where using Google Docs has failed to accommodate your needs for data integrity.
Less Appropriate
  • Data visualization - Anaplan has capabilities here, but other tools are more focused on this.
  • Data storage - Anaplan is not a data warehouse and has limits on what you can store.
Matthew Kuo | 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

Anaplan
7.6
IBM Planning Analytics
6.7
Customizable dashboards
Anaplan
7.6
IBM Planning Analytics
6.7
Pixel Perfect reports
Anaplan
IBM Planning Analytics
7.1
Report Formatting Templates
Anaplan
IBM Planning Analytics
6.3

Report Output and Scheduling

Anaplan
7.7
IBM Planning Analytics
7.3
Publish to PDF
Anaplan
8.3
IBM Planning Analytics
7.5
Report Versioning
Anaplan
7.9
IBM Planning Analytics
7.5
Report Delivery Scheduling
Anaplan
7.0
IBM Planning Analytics
6.4
Publish to Web
Anaplan
IBM Planning Analytics
7.8

Mobile Capabilities

Anaplan
7.3
IBM Planning Analytics
6.3
Responsive Design for Web Access
Anaplan
7.3
IBM Planning Analytics
6.4
Dedicated iOS Application
Anaplan
IBM Planning Analytics
6.8
Dedicated Android Application
Anaplan
IBM Planning Analytics
6.2
Dashboard / Report / Visualization Interactivity on Mobile
Anaplan
IBM Planning Analytics
5.7

Budgeting, Planning, and Forecasting

Anaplan
8.2
IBM Planning Analytics
7.9
Long-term financial planning
Anaplan
7.2
IBM Planning Analytics
8.1
Financial budgeting
Anaplan
8.6
IBM Planning Analytics
8.2
Forecasting
Anaplan
8.9
IBM Planning Analytics
8.1
Scenario modeling
Anaplan
8.3
IBM Planning Analytics
7.8
Management reporting
Anaplan
8.2
IBM Planning Analytics
7.3

Consolidation and Close

Anaplan
7.3
IBM Planning Analytics
7.2
Financial data consolidation
Anaplan
8.9
IBM Planning Analytics
7.2
Journal entries and reports
Anaplan
7.6
IBM Planning Analytics
6.3
Multi-currency management
Anaplan
6.2
IBM Planning Analytics
8.0
Intercompany Eliminations
Anaplan
6.0
IBM Planning Analytics
7.2
Minority Ownership
Anaplan
6.0
IBM Planning Analytics
6.9
Local and consolidated reporting
Anaplan
8.0
IBM Planning Analytics
7.5
Detailed Audit Trails
Anaplan
8.6
IBM Planning Analytics
7.2

FInancial Reporting and Compliance

Anaplan
7.9
IBM Planning Analytics
7.7
Financial Statement Reporting
Anaplan
9.0
IBM Planning Analytics
7.9
Management Reporting
Anaplan
9.0
IBM Planning Analytics
7.7
Excel-based Reporting
Anaplan
5.1
IBM Planning Analytics
8.4
Automated board and financial reporting
Anaplan
8.7
IBM Planning Analytics
7.2
XBRL support for regulatory filing
Anaplan
IBM Planning Analytics
7.4

Analytics

Anaplan
6.9
IBM Planning Analytics
7.5
Personalized dashboards
Anaplan
7.1
IBM Planning Analytics
7.8
Color-coded scorecards
Anaplan
6.8
IBM Planning Analytics
7.3
KPIs
Anaplan
7.0
IBM Planning Analytics
7.0
Cost and profitability analysis
Anaplan
7.0
IBM Planning Analytics
7.7
Key Performance Indicator setting
Anaplan
6.7
IBM Planning Analytics
7.5
Benchmarking with external data
Anaplan
7.1
IBM Planning Analytics
7.4

Integration

Anaplan
8.2
IBM Planning Analytics
8.1
Flat file integration
Anaplan
8.6
IBM Planning Analytics
8.3
Excel data integration
Anaplan
7.3
IBM Planning Analytics
8.4
Direct links to 3rd-party data sources
Anaplan
8.8
IBM Planning Analytics
7.5

Ad-hoc Reporting

Anaplan
IBM Planning Analytics
6.9
Drill-down analysis
Anaplan
IBM Planning Analytics
7.5
Formatting capabilities
Anaplan
IBM Planning Analytics
6.4
Integration with R or other statistical packages
Anaplan
IBM Planning Analytics
7.0
Report sharing and collaboration
Anaplan
IBM Planning Analytics
6.9

Data Discovery and Visualization

Anaplan
IBM Planning Analytics
6.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
Anaplan
IBM Planning Analytics
7.5
Location Analytics / Geographic Visualization
Anaplan
IBM Planning Analytics
7.0
Predictive Analytics
Anaplan
IBM Planning Analytics
5.6

Access Control and Security

Anaplan
IBM Planning Analytics
8.0
Multi-User Support (named login)
Anaplan
IBM Planning Analytics
7.9
Role-Based Security Model
Anaplan
IBM Planning Analytics
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Anaplan
IBM Planning Analytics
7.8
Single Sign-On (SSO)
Anaplan
IBM Planning Analytics
8.4

Pros

Anaplan

  • Anaplan is great for headcount reporting. We have reports by dept, office location, and subsidiary that is great for planning and also for full company reporting.
  • Although they can be complicated to set up, Anaplan is also great for setting up complex P&L views. For example, setting up a P&L with a combination of subs/depts., that still needs to consolidate to the total P&L.
  • Systems-wise, I like that it's impossible to #REF the model! Anaplan shows you where everything is referenced, so it's very difficult to break anything.
  • I also like that formulas copy across, so there is no chance of pointing to the wrong cell, like in Excel
Dan Shuwarger | 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

Anaplan

  • Performance - in the case of complex business cases, the size of Anaplan is increasing drastically, and even a simple click would take more than it should.
  • UI - The User interface needs to be improved: group/expand hierarchy, "Ctrl " + select option to allow multi selection, Content page clean up, easier "Drag & drop" when customizing or building exports.
  • Review & enhance the type of security user roles.
Szilvia Havasreti | 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

Anaplan

Anaplan 8.2
Based on 3 answers
I don't think we could function without the collaboration capabilities built into Anaplan that replaced disparate Excel files in the workforce planning model
Joe Bradbury | 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

Anaplan

Anaplan 8.2
Based on 2 answers
There is a dependency in this rating - in that I find Anaplan extremely easy to use, but I've spent the necessary time developing a strong understanding of the platform. Once you understand how to use it, the platform is flexible, easy to use, and fun to use.
Chris Friederich | 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

Anaplan

Anaplan 10.0
Based on 1 answer
In nearly 3 years, I have only had 1 issue of being unable to access my model for an unplanned maintenance. Even planned maintenance windows are handled during low traffic hours on the weekend.
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Performance

Anaplan

Anaplan 9.0
Based on 1 answer
Everything is calculated in memory in the cloud. It's nearly instantaneous updates when you make changes. The only time things get a little slow is when you have a massive model with very intricate calculations...but "slow" for Anaplan is not what I would call "slow" for something like Hyperion. We used to have Hyperion calcs that ran for 60 mins before you could use data. The equivalent would be 60 seconds in Anaplan.
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Support

Anaplan

Anaplan 8.1
Based on 2 answers
I feel like the support team is a little lacking in product knowledge. Several times I have contacted them to get help, and ended up finding a solution to my own problem before the team could get back to me with anything useful. I have also submitted a few bugs, and never got updates to when they were fixed in later releases.
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

IBM Planning Analytics 7.7
Based on 13 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

In-Person Training

Anaplan

Anaplan 3.0
Based on 1 answer
The in-person training is simply not worth the cost. After a few weeks of playing in Anaplan, I went to the basic training and knew more than the person teaching it. a year down the road, I was the first person to complete the advance training, and again could have been teaching the class better than the person running the session. Spend some time on your own trying out different things and you will get all the understanding you need to be successful.
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Online Training

Anaplan

Anaplan 5.0
Based on 1 answer
I'm giving this a 5 simply for the anapedia outline of calculations. The online videos and trainings leave a lot to be desired, but having anapedia around to help you understand calculations has been helpful. The drawback to anapedia is the depth they go into for calculations, it is lackluster at times. Because of that, I have been working through a much more in-depth look at each calculation on my website for users to reference: http://www.anaplanguru.com/formulas/
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Implementation

Anaplan

Anaplan 6.7
Based on 12 answers
Agile methodology and breaking the work down into sprints was very helpful. Implementation required a deeper dive into our data than expected for the consultants to be able to construct the data model. But once it was in place, the focus on knowledge transfer enabled us to be able to use the product effectively after the team rolled off.
Steve Ridgley | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Alternatives Considered

Anaplan

Anaplan was an easy choice because two other divisions in our company used it in limited ways - either only sales ops or financial reporting. In addition, it was the hands down best choice given the complexity and size of our organization. We operate in a highly matrixed organization across the globe therefore, we needed a powerful and flexible platform; not all options allowed for this flexibility nor were they suited for large multi-national companies.
Tara Kirby | 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

Anaplan

Anaplan 7.0
Based on 1 answer
It's going to handle most of what you can throw at it. The problem lies in the sparsity of some datasets. When you have over 5ish dimensions of sparse data, the size of the model gets bloated for not much value. In several cases, I have had to adapt my model to account for sparsity in a way that minimized use of space, but also made interacting with the data more cumbersome.
Joe Bradbury | TrustRadius Reviewer

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Return on Investment

Anaplan

  • I'm sure the impact is positive. We have streamlined many processes and created capacity for our finance team.
  • It's great to have "one source of truth" and know that everyone is looking at the same metrics.
Kelley Haghighi | 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

Anaplan

General

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

IBM Planning Analytics

General

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

Rating Summary

Likelihood to Recommend

Anaplan
8.0
IBM Planning Analytics
8.3

Likelihood to Renew

Anaplan
8.2
IBM Planning Analytics
10.0

Usability

Anaplan
8.2
IBM Planning Analytics
9.0

Reliability and Availability

Anaplan
10.0
IBM Planning Analytics

Performance

Anaplan
9.0
IBM Planning Analytics

Support

Anaplan
8.1
IBM Planning Analytics
7.7

In-Person Training

Anaplan
3.0
IBM Planning Analytics

Online Training

Anaplan
5.0
IBM Planning Analytics

Implementation

Anaplan
6.7
IBM Planning Analytics

Scalability

Anaplan
7.0
IBM Planning Analytics

Add comparison