DataRails vs. IBM Planning Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
DataRails
Score 9.7 out of 10
N/A
DataRails is an FP&A solution that automatically consolidates data from all existing organizational systems (ERP, GL, CRM, and HR data). It is designed so users can keep working on Excel while benefiting from automated data transformations. The vendor states users will enjoy a 360-degree view of consolidated data for easy reporting, simple visuals, and in-depth analytics. With DataRails, users can perform advanced investigations into data to extract actionable, attainable insights.N/A
IBM Planning Analytics
Score 8.5 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
DataRailsIBM 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
DataRailsIBM Planning Analytics
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional Details
More Pricing Information
Community Pulse
DataRailsIBM Planning Analytics
Features
DataRailsIBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
7.6
110 Ratings
0% above category average
Pixel Perfect reports00 Ratings7.797 Ratings
Customizable dashboards00 Ratings7.7110 Ratings
Report Formatting Templates00 Ratings7.6104 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.1
116 Ratings
4% above category average
Drill-down analysis00 Ratings8.5113 Ratings
Formatting capabilities00 Ratings8.0114 Ratings
Integration with R or other statistical packages00 Ratings8.088 Ratings
Report sharing and collaboration00 Ratings7.9112 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.2
110 Ratings
3% above category average
Publish to Web00 Ratings7.9103 Ratings
Publish to PDF00 Ratings8.2103 Ratings
Report Versioning00 Ratings8.4101 Ratings
Report Delivery Scheduling00 Ratings8.294 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
7.6
111 Ratings
2% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings8.1111 Ratings
Location Analytics / Geographic Visualization00 Ratings7.7103 Ratings
Predictive Analytics00 Ratings7.9101 Ratings
Pattern Recognition and Data Mining00 Ratings6.934 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.0
116 Ratings
5% below category average
Multi-User Support (named login)00 Ratings8.2114 Ratings
Role-Based Security Model00 Ratings7.7115 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.0116 Ratings
Report-Level Access Control00 Ratings7.643 Ratings
Single Sign-On (SSO)00 Ratings8.4108 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
7.6
100 Ratings
2% above category average
Responsive Design for Web Access00 Ratings7.797 Ratings
Mobile Application00 Ratings7.762 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings6.772 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.5
125 Ratings
5% above category average
Long-term financial planning00 Ratings8.0121 Ratings
Financial budgeting00 Ratings8.4124 Ratings
Forecasting00 Ratings8.7124 Ratings
Scenario modeling00 Ratings8.6123 Ratings
Management reporting00 Ratings8.6123 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.5
116 Ratings
9% above category average
Financial data consolidation00 Ratings9.1112 Ratings
Journal entries and reports00 Ratings9.2102 Ratings
Multi-currency management00 Ratings8.5104 Ratings
Intercompany Eliminations00 Ratings8.4102 Ratings
Minority Ownership00 Ratings8.695 Ratings
Local and consolidated reporting00 Ratings7.8108 Ratings
Detailed Audit Trails00 Ratings8.1109 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.8
117 Ratings
11% above category average
Financial Statement Reporting00 Ratings8.2113 Ratings
Management Reporting00 Ratings8.7114 Ratings
Excel-based Reporting00 Ratings9.4116 Ratings
Automated board and financial reporting00 Ratings9.2105 Ratings
XBRL support for regulatory filing00 Ratings8.676 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.4
119 Ratings
4% above category average
Personalized dashboards00 Ratings8.7118 Ratings
Color-coded scorecards00 Ratings8.4113 Ratings
KPIs00 Ratings8.1116 Ratings
Cost and profitability analysis00 Ratings8.2114 Ratings
Key Performance Indicator setting00 Ratings8.5113 Ratings
Benchmarking with external data00 Ratings8.584 Ratings
Integration
Comparison of Integration features of Product A and Product B
DataRails
-
Ratings
IBM Planning Analytics
8.8
117 Ratings
9% above category average
Flat file integration00 Ratings8.7114 Ratings
Excel data integration00 Ratings9.0115 Ratings
Direct links to 3rd-party data sources00 Ratings8.6106 Ratings
Best Alternatives
DataRailsIBM Planning Analytics
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.4 out of 10
Centage
Centage
Score 9.4 out of 10
Enterprises
OneStream
OneStream
Score 8.8 out of 10
OneStream
OneStream
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
DataRailsIBM Planning Analytics
Likelihood to Recommend
-
(0 ratings)
8.0
(125 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(5 ratings)
Usability
-
(0 ratings)
7.8
(69 ratings)
Support Rating
-
(0 ratings)
7.3
(93 ratings)
Product Scalability
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
DataRailsIBM Planning Analytics
Likelihood to Recommend
DataRails Ltd.
No answers on this topic
IBM
Ideal for large organization with complex multi-dimensional data, large budgets and dedicated administrator support. The performance of the TM1 data base is unmatched. The PAW and PAX options providing planners to work in both Excel and workspace environment. Higher Implementation efforts due to the greenfield implementations. Visualization features are not up to the mark.
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Pros
DataRails Ltd.
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.
Read full review
Cons
DataRails Ltd.
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
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Likelihood to Renew
DataRails Ltd.
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.
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Usability
DataRails Ltd.
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.
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Support Rating
DataRails Ltd.
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.
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Alternatives Considered
DataRails Ltd.
No answers on this topic
IBM
For strong technical teams and flexibility IBM Planning Analytics is the way to go. For quicker adoption and less technical teams Anaplan is the best option. If consolidation, financials, and moving from legacy tools are main focus than OneStream will be a really good choice. If deeply invested into SAP already than the SAP BPC will be the best fit to maintain the investment.
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Return on Investment
DataRails Ltd.
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
Read full review
ScreenShots

DataRails Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of 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