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BigHand Budgeting and Forecasting vs. IBM Planning Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BigHand Budgeting and Forecasting
Score 0.0 out of 10
N/A
BigHand Budgeting and Forecasting (formerly Intellistat) aims to transform law firms' annual budgeting processes from a time-consuming chore to a highly productive mission. Its integration capabilities ensure timely management of budget-to-actual results. Budgeting and Forecasting enables firms to predict cash and accrual based revenue and simplify all aspects of budgeting and variance tracking within a firm.N/A
IBM Planning Analytics
Score 8.4 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
BigHand Budgeting and ForecastingIBM 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
BigHand Budgeting and ForecastingIBM Planning Analytics
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details——
More Pricing Information
Community Pulse
BigHand Budgeting and ForecastingIBM Planning Analytics
Features
BigHand Budgeting and ForecastingIBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
7.5
109 Ratings
2% below category average
Pixel Perfect reports00 Ratings7.496 Ratings
Customizable dashboards00 Ratings7.4109 Ratings
Report Formatting Templates00 Ratings7.8103 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
7.7
115 Ratings
5% below category average
Drill-down analysis00 Ratings7.9111 Ratings
Formatting capabilities00 Ratings7.4113 Ratings
Integration with R or other statistical packages00 Ratings7.487 Ratings
Report sharing and collaboration00 Ratings7.9111 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.0
109 Ratings
3% below category average
Publish to Web00 Ratings7.9103 Ratings
Publish to PDF00 Ratings7.9102 Ratings
Report Versioning00 Ratings8.4100 Ratings
Report Delivery Scheduling00 Ratings7.993 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
7.4
110 Ratings
4% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.8110 Ratings
Location Analytics / Geographic Visualization00 Ratings7.0102 Ratings
Predictive Analytics00 Ratings7.9100 Ratings
Pattern Recognition and Data Mining00 Ratings6.932 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
7.9
115 Ratings
9% below category average
Multi-User Support (named login)00 Ratings7.9113 Ratings
Role-Based Security Model00 Ratings7.5114 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.0115 Ratings
Report-Level Access Control00 Ratings7.642 Ratings
Single Sign-On (SSO)00 Ratings8.4107 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
7.2
101 Ratings
6% below category average
Responsive Design for Web Access00 Ratings7.597 Ratings
Mobile Application00 Ratings6.962 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings6.173 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.7
124 Ratings
5% above category average
Long-term financial planning00 Ratings8.3120 Ratings
Financial budgeting00 Ratings8.6123 Ratings
Forecasting00 Ratings9.2123 Ratings
Scenario modeling00 Ratings8.9122 Ratings
Management reporting00 Ratings8.3123 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.4
115 Ratings
5% above category average
Financial data consolidation00 Ratings9.2111 Ratings
Journal entries and reports00 Ratings9.2103 Ratings
Multi-currency management00 Ratings8.2104 Ratings
Intercompany Eliminations00 Ratings8.2101 Ratings
Minority Ownership00 Ratings8.894 Ratings
Local and consolidated reporting00 Ratings7.3107 Ratings
Detailed Audit Trails00 Ratings7.9108 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.4
116 Ratings
4% above category average
Financial Statement Reporting00 Ratings8.0112 Ratings
Management Reporting00 Ratings8.6113 Ratings
Excel-based Reporting00 Ratings9.2115 Ratings
Automated board and financial reporting00 Ratings9.2105 Ratings
XBRL support for regulatory filing00 Ratings7.076 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.3
118 Ratings
2% above category average
Personalized dashboards00 Ratings8.9117 Ratings
Color-coded scorecards00 Ratings7.9112 Ratings
KPIs00 Ratings8.3115 Ratings
Cost and profitability analysis00 Ratings8.0113 Ratings
Key Performance Indicator setting00 Ratings8.3113 Ratings
Benchmarking with external data00 Ratings8.284 Ratings
Integration
Comparison of Integration features of Product A and Product B
BigHand Budgeting and Forecasting
-
Ratings
IBM Planning Analytics
8.7
116 Ratings
4% above category average
Flat file integration00 Ratings8.4113 Ratings
Excel data integration00 Ratings8.9114 Ratings
Direct links to 3rd-party data sources00 Ratings8.7104 Ratings
Best Alternatives
BigHand Budgeting and ForecastingIBM Planning Analytics
Small Businesses
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MIP Fund Accounting
Score 9.0 out of 10

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.4 out of 10
Centage
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Score 9.4 out of 10
Enterprises
OneStream
OneStream
Score 9.0 out of 10
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Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BigHand Budgeting and ForecastingIBM Planning Analytics
Likelihood to Recommend
-
(0 ratings)
8.0
(123 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(5 ratings)
Usability
-
(0 ratings)
7.8
(69 ratings)
Support Rating
-
(0 ratings)
7.4
(93 ratings)
Product Scalability
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
BigHand Budgeting and ForecastingIBM Planning Analytics
Likelihood to Recommend
BigHand
No answers on this topic
IBM
Very powerful modeling capabilities. It has a really good OLAP engine memory. Strong scenario planning for what if analysis. Flexibility of integration with ERPs or WM systems for both cloud and on premises. Centralized planning and alignment of governance is also a plus. Having one single system for many different functions.
Verified User
Anonymous
Read full review
Pros
BigHand
No answers on this topic
IBM
  • Handle very large data volumes.
  • Scale to a large number of users.
  • Not having to compromise on business complexity.
  • It can be run by business users.
  • Availability of highly qualified consultants to support businesses.
  • REST API allows for an open eco system and a variety of solutions to extend the product.
  • Vast integration possibilities.
  • AI-infused engine with IBM Watson.
Verified User
Anonymous
Read full review
Cons
BigHand
No answers on this topic
IBM
  • sometimes it is hard to produce pixel perfect reports from the Web UI. I know it is not made for this, but still, it'll be great
  • getting in e.g. an Excel file just by drag and drop, and the AI should "understand" what the data is all around
Verified User
Anonymous
Read full review
Likelihood to Renew
BigHand
No answers on this topic
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.
Verified User
Anonymous
Read full review
Usability
BigHand
No answers on this topic
IBM
IBM Planning Analytics is generally good in terms of functionalities. It can be used reduce time for budget planning, resource planning, demand forecasting, etc. The performance of IBM Planning Analytics is acceptable, but user interface can be improved. It would be good to see new features that allow users to customise the dashboard.
Verified User
Anonymous
Read full review
Support Rating
BigHand
No answers on this topic
IBM
IBM support has been very quick to respond and handle the very few issues we've had. We've had a third-party who partners with IBM to be our consulting team which has helped greatly reduce the need for us to contact IBM directly. I highly recommend researching and selecting a well-respected partner to help with an implementation as well as ongoing support as needed.
Verified User
Anonymous
Read full review
Alternatives Considered
BigHand
No answers on this topic
IBM
As it is related to MS Excel, IBM Planning Analytics is a much more robust and complete solution for the CFO or COO in mind. Oracle Hyperion stacks up nicely against IBM Planning Analytics. However, IBM's investment in AI allows Planning Analytics users more options and speed.
PC
Patrick Cooper
BI Consultant
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Return on Investment
BigHand
No answers on this topic
IBM
  • Automate direct data connections to multiple data sources
  • One secured version of the the truth (for data and formulas)
  • Ability to scale to much more detailed planning with option to create predictive forecasts at detail
  • Business user friendly with powerful Excel integration
  • Very flexible and powerful modeling, can handle custom modeling needs at scale
  • Can make the same data available across finance and ops, but at the level of details and timeline that makes sense for them
AT
Ann-Grete Tan
Chief Strategy Officer
Read full review
ScreenShots

IBM Planning Analytics Screenshots

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