Centage vs. IBM Planning Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Centage
Score 9.6 out of 10
N/A
Centage (Planning Maestro) offers a way to plan, budget, forecast and report financial performance by enabling finance teams to see into the future, and test the impact of different scenarios, in order to make faster decisions with confidence. The software streamlines the entire planning process, delivering sophisticated financial intelligence to empowers users to make faster, more informed decisions, so they can react quickly to market changes, take intelligent risks and capitalize on new…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
CentageIBM 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
CentageIBM Planning Analytics
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional Details
More Pricing Information
Features
CentageIBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Centage
4.6
3 Ratings
55% below category average
IBM Planning Analytics
8.9
82 Ratings
10% above category average
Customizable dashboards4.63 Ratings9.382 Ratings
Pixel Perfect reports00 Ratings8.473 Ratings
Report Formatting Templates00 Ratings8.977 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Centage
7.0
9 Ratings
17% below category average
IBM Planning Analytics
8.8
87 Ratings
6% above category average
Drill-down analysis7.09 Ratings9.485 Ratings
Formatting capabilities6.47 Ratings9.386 Ratings
Report sharing and collaboration7.66 Ratings9.083 Ratings
Integration with R or other statistical packages00 Ratings7.566 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Centage
7.4
5 Ratings
10% below category average
IBM Planning Analytics
8.3
85 Ratings
1% above category average
Publish to Web5.51 Ratings7.880 Ratings
Publish to PDF8.33 Ratings9.379 Ratings
Report Versioning8.65 Ratings8.379 Ratings
Report Delivery Scheduling7.31 Ratings7.670 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Centage
8.1
4 Ratings
6% above category average
IBM Planning Analytics
7.9
85 Ratings
3% above category average
Predictive Analytics8.14 Ratings7.676 Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings9.385 Ratings
Location Analytics / Geographic Visualization00 Ratings8.180 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
Centage
9.0
10 Ratings
3% above category average
IBM Planning Analytics
9.1
88 Ratings
4% above category average
Multi-User Support (named login)9.110 Ratings9.686 Ratings
Role-Based Security Model9.210 Ratings9.687 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.210 Ratings9.688 Ratings
Report-Level Access Control9.09 Ratings8.713 Ratings
Single Sign-On (SSO)8.44 Ratings8.282 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Centage
8.8
11 Ratings
6% above category average
IBM Planning Analytics
9.4
92 Ratings
12% above category average
Long-term financial planning8.58 Ratings9.590 Ratings
Financial budgeting9.811 Ratings9.592 Ratings
Forecasting8.910 Ratings9.592 Ratings
Scenario modeling8.49 Ratings9.591 Ratings
Management reporting8.611 Ratings8.891 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Centage
8.5
7 Ratings
5% above category average
IBM Planning Analytics
8.5
86 Ratings
5% above category average
Financial data consolidation8.66 Ratings9.382 Ratings
Local and consolidated reporting8.37 Ratings9.579 Ratings
Journal entries and reports00 Ratings8.377 Ratings
Multi-currency management00 Ratings8.876 Ratings
Intercompany Eliminations00 Ratings7.676 Ratings
Minority Ownership00 Ratings6.969 Ratings
Detailed Audit Trails00 Ratings9.381 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Centage
8.2
11 Ratings
1% below category average
IBM Planning Analytics
8.7
87 Ratings
5% above category average
Financial Statement Reporting8.09 Ratings9.583 Ratings
Management Reporting8.410 Ratings8.984 Ratings
Excel-based Reporting8.910 Ratings9.586 Ratings
Automated board and financial reporting7.66 Ratings8.976 Ratings
XBRL support for regulatory filing00 Ratings6.955 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Centage
7.7
4 Ratings
4% below category average
IBM Planning Analytics
9.1
88 Ratings
12% above category average
Personalized dashboards7.63 Ratings9.487 Ratings
Cost and profitability analysis7.94 Ratings9.486 Ratings
Key Performance Indicator setting7.63 Ratings9.485 Ratings
Color-coded scorecards00 Ratings9.383 Ratings
KPIs00 Ratings9.486 Ratings
Benchmarking with external data00 Ratings7.958 Ratings
Integration
Comparison of Integration features of Product A and Product B
Centage
8.0
9 Ratings
4% below category average
IBM Planning Analytics
8.9
88 Ratings
7% above category average
Flat file integration7.86 Ratings8.985 Ratings
Excel data integration8.97 Ratings9.586 Ratings
Direct links to 3rd-party data sources7.15 Ratings8.278 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Centage
-
Ratings
IBM Planning Analytics
7.4
78 Ratings
8% below category average
Responsive Design for Web Access00 Ratings7.577 Ratings
Mobile Application00 Ratings6.941 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings6.950 Ratings
Best Alternatives
CentageIBM Planning Analytics
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10

No answers on this topic

Medium-sized Companies
Cube
Cube
Score 9.0 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
CentageIBM Planning Analytics
Likelihood to Recommend
9.6
(12 ratings)
9.5
(98 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(5 ratings)
Usability
9.2
(3 ratings)
8.2
(63 ratings)
Support Rating
9.4
(3 ratings)
9.3
(88 ratings)
Product Scalability
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
CentageIBM Planning Analytics
Likelihood to Recommend
Centage
Centage is suited for all types of business. This is what makes this tool so great. It requires some expertise in setting it up and depending on how complex the business is, it may take longer than expected. It's a complex system and if you are not involved in the implementtion it might be hard to learn what is does.
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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.
Read full review
Pros
Centage
  • Planning personnel with all the related benefit expenses is very accurate and we are able to forecast increases as well.
  • Storing separate versions of the budget allows us to finalize for the year and have access to the data while we update the default plan with any changes.
  • I ilke the way you can add intelligence see the detail of calculations below th eline item.
  • I like writing Planning Maestro reports to see drill downs of any item and tie them to our ERP Budget
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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
Centage
  • Head count is a bit strange as each period is considered one Headcount for a total of 12 per year, so we have to adjust when running reports
  • would love to be able to attach related expenses in payroll to a kind of employee instead of doing each individually. It's time consuming.
  • Have the help more available instead of having to log into separate place
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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
Centage
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.
Read full review
Usability
Centage
I've lived through the changes over the years, and I have found that most financially-minded professionals should have no problems using this system.
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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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Support Rating
Centage
The team makes sure that you get what you need out of the software. They will do whatever is in their power to make sure you're happy and are getting back your investment (time and money).
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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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Alternatives Considered
Centage
I used to use an older consolidating product call FRX or something like that, very manual where accounts were adding line the reporting lines one by one.... Centage is far superior, the ability to create custom Dimension hierarchies as improved our reporting 100 fold
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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.
Read full review
Return on Investment
Centage
  • We were a very small company growing by acquisition so it worked well during these phases of our company growth.
  • The return for our cost was tremendous especially in comparison to peers in the market.
  • Analytics Maestro allowed us to grow without adding headcount by building efficient reports that can easily be mass-produced for all branches within our organization.
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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

Centage Screenshots

Screenshot of

IBM Planning Analytics Screenshots

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