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Top Rated
148 Ratings
3 Ratings
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Score 8 out of 100

IBM Planning Analytics with Watson

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Top Rated
148 Ratings
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Score 8 out of 100

Likelihood to Recommend

Axiom Software (formerly Axiom EPM)

Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

Coordination of workflows across our company has been very effective. The budgeting of our resources has been very effective. We are able to predict and take solutions to future challenges that may arise from our programs. Our data can easily be integrated and sorted effectively for better planning and decision-making.
Gabrielle Conley | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Axiom Software (formerly Axiom EPM)
8.5
IBM Planning Analytics with Watson
8.1
Long-term financial planning
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.3
Financial budgeting
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.3
Forecasting
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
8.2
Scenario modeling
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
8.0
Management reporting
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.9

Consolidation and Close

Axiom Software (formerly Axiom EPM)
9.7
IBM Planning Analytics with Watson
7.7
Financial data consolidation
Axiom Software (formerly Axiom EPM)
10.0
IBM Planning Analytics with Watson
7.7
Local and consolidated reporting
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
7.8
Detailed Audit Trails
Axiom Software (formerly Axiom EPM)
10.0
IBM Planning Analytics with Watson
7.8
Journal entries and reports
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.3
Multi-currency management
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.0
Intercompany Eliminations
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6
Minority Ownership
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6

Financial Reporting and Compliance

Axiom Software (formerly Axiom EPM)
8.3
IBM Planning Analytics with Watson
7.9
Financial Statement Reporting
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
8.0
Management Reporting
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
8.1
Excel-based Reporting
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.3
Automated board and financial reporting
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
7.7
XBRL support for regulatory filing
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6

Analytics

Axiom Software (formerly Axiom EPM)
8.7
IBM Planning Analytics with Watson
7.7
Personalized dashboards
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
7.8
Cost and profitability analysis
Axiom Software (formerly Axiom EPM)
8.0
IBM Planning Analytics with Watson
8.0
Benchmarking with external data
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
7.8
Color-coded scorecards
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.5
KPIs
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.5
Key Performance Indicator setting
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6

Integration

Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.0
Flat file integration
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.0
Excel data integration
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
8.2
Direct links to 3rd-party data sources
Axiom Software (formerly Axiom EPM)
9.0
IBM Planning Analytics with Watson
7.9

BI Standard Reporting

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.3
Pixel Perfect reports
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.1
Customizable dashboards
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4
Report Formatting Templates
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4

Ad-hoc Reporting

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6
Drill-down analysis
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.8
Formatting capabilities
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4
Integration with R or other statistical packages
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.5
Report sharing and collaboration
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7

Report Output and Scheduling

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7
Publish to Web
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7
Publish to PDF
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7
Report Versioning
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.8
Report Delivery Scheduling
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7

Data Discovery and Visualization

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.7
Location Analytics / Geographic Visualization
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4
Predictive Analytics
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4

Access Control and Security

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.2
Multi-User Support (named login)
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.3
Role-Based Security Model
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.1
Multiple Access Permission Levels (Create, Read, Delete)
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.0
Single Sign-On (SSO)
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.3

Mobile Capabilities

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4
Responsive Design for Web Access
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.2
Dedicated iOS Application
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.4
Dedicated Android Application
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6
Dashboard / Report / Visualization Interactivity on Mobile
Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.6

Pros

Axiom Software (formerly Axiom EPM)

  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

  • With IBM Planning Analytics, creating sales forecasts is possible, and this guides on the production costs to incur.
  • Furthermore, IBM Planning Analytics has automation, which reduces the budgeting time and the work load of the management team.
  • Furthermore, IBM Planning Analytics issues extensive and professional analysis, to every situation in a company setting for supported growth.
Jadwel Mayna | TrustRadius Reviewer

Cons

Axiom Software (formerly Axiom EPM)

  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

  • The setup is bit difficult for the beginners. You need some technical skills then you can setup.
  • You have to wait while files are processing, but once it completes then it's fine.
  • Security setup is also a bit difficult and complex for the beginners.
Umair Butt | TrustRadius Reviewer

Likelihood to Renew

Axiom Software (formerly Axiom EPM)

No score
No answers yet
No answers on this topic

IBM Planning Analytics with Watson

IBM Planning Analytics with Watson 8.3
Based on 4 answers
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.
Anonymous | TrustRadius Reviewer

Usability

Axiom Software (formerly Axiom EPM)

No score
No answers yet
No answers on this topic

IBM Planning Analytics with Watson

IBM Planning Analytics with Watson 7.9
Based on 21 answers
It has a user-friendly interface. Integration with Excel makes it easier to use. It provides compelling visualizations. It processes the data quite fast and can handle even huge data without lags or stutters. However, it has a great number of features that can be overwhelming for the average user. It takes time to get used to this application because of its complex functionality.
Sandeep Reyyi | TrustRadius Reviewer

Support Rating

Axiom Software (formerly Axiom EPM)

Axiom Software (formerly Axiom EPM) 7.0
Based on 2 answers
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

IBM Planning Analytics with Watson 7.8
Based on 65 answers
I sincerely believe that IBM Planning Analytics with Watson is a state-of-the-art technology when it comes to planning solutions, combined with the power of data and predictive tools. So yes, this is the cutting-edge tool in the industry at this moment.
Nicolas Frichot | TrustRadius Reviewer

Alternatives Considered

Axiom Software (formerly Axiom EPM)

Vena was a strong product, but only our department within the University used it for budgeting. The entire university chose Axiom for the increased scale and capacity. The loading and saving performance of Axiom is slightly better than Vena. Also, Axiom provides more template and report customization. Vena definitely excelled more in their support and staffing and was much cheaper (so I'm told) than Axiom
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

The IBM Planning Analytics has great technical and business data features, full customer information, and sales Forecast for design best strategy. Analyzes, processes, and provides valuable information and charts about sales, profits, human resources, value growth, and everything marine managers of their organizations and companies want to know. Also, this is one the most famous and oldest software in the Market.
Ali Kazempour | TrustRadius Reviewer

Return on Investment

Axiom Software (formerly Axiom EPM)

  • This is only the first year of implementation for the university, so the ROI is yet to be fully seen. For our department, which is the largest in the university, I think the ROI has been fairly high as our users have had more built-in resources within their plan files than they had previously.
Anonymous | TrustRadius Reviewer

IBM Planning Analytics with Watson

  • The company saw positive ROI of around $100K during the first quarter following the implementation of Cognos TM1.
  • The flexibility of Cognos TM1 to meet the complex planning needs of a customer allowed the implementation to be headache-free.
  • Cognos TM1's use of Excel helped the finance department get onboard and pick things up quickly. This accelerated user adoption and lessened the need for paid training.
  • Cognos TM1's development language is script based so anyone familiar with VBA for Excel for data processing/transformation can adapt and pick things up quickly.
Anonymous | TrustRadius Reviewer

Pricing Details

Axiom Software (formerly Axiom EPM)

General

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

IBM Planning Analytics with Watson

General

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

Rating Summary

Likelihood to Recommend

Axiom Software (formerly Axiom EPM)
7.0
IBM Planning Analytics with Watson
8.8

Likelihood to Renew

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
8.3

Usability

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
7.9

Support Rating

Axiom Software (formerly Axiom EPM)
7.0
IBM Planning Analytics with Watson
7.8

Scalability

Axiom Software (formerly Axiom EPM)
IBM Planning Analytics with Watson
9.1

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