What users are saying about
47 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101

Likelihood to Recommend

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.
No photo available

Feature Rating Comparison

BI Standard Reporting

IBM Planning Analytics
7.0
Pixel Perfect reports
IBM Planning Analytics
6.0
Customizable dashboards
IBM Planning Analytics
8.0
Report Formatting Templates
IBM Planning Analytics
7.0

Ad-hoc Reporting

IBM Planning Analytics
8.3
Drill-down analysis
IBM Planning Analytics
9.0
Formatting capabilities
IBM Planning Analytics
8.0
Report sharing and collaboration
IBM Planning Analytics
8.0

Report Output and Scheduling

IBM Planning Analytics
9.0
Publish to PDF
IBM Planning Analytics
9.0
Report Versioning
IBM Planning Analytics
9.0

Data Discovery and Visualization

IBM Planning Analytics
8.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
IBM Planning Analytics
9.0
Location Analytics / Geographic Visualization
IBM Planning Analytics
8.0

Access Control and Security

IBM Planning Analytics
9.0
Multi-User Support (named login)
IBM Planning Analytics
9.0
Role-Based Security Model
IBM Planning Analytics
8.0
Multiple Access Permission Levels (Create, Read, Delete)
IBM Planning Analytics
10.0
Single Sign-On (SSO)
IBM Planning Analytics
9.0

Budgeting, Planning, and Forecasting

IBM Planning Analytics
9.1
Long-term financial planning
IBM Planning Analytics
8.5
Financial budgeting
IBM Planning Analytics
10.0
Forecasting
IBM Planning Analytics
8.5
Scenario modeling
IBM Planning Analytics
9.3
Management reporting
IBM Planning Analytics
9.3

Consolidation and Close

IBM Planning Analytics
9.0
Financial data consolidation
IBM Planning Analytics
10.0
Journal entries and reports
IBM Planning Analytics
8.0
Multi-currency management
IBM Planning Analytics
10.0
Intercompany Eliminations
IBM Planning Analytics
10.0
Minority Ownership
IBM Planning Analytics
8.0
Local and consolidated reporting
IBM Planning Analytics
10.0
Detailed Audit Trails
IBM Planning Analytics
7.0

FInancial Reporting and Compliance

IBM Planning Analytics
9.0
Financial Statement Reporting
IBM Planning Analytics
10.0
Management Reporting
IBM Planning Analytics
9.3
Excel-based Reporting
IBM Planning Analytics
10.0
Automated board and financial reporting
IBM Planning Analytics
8.5
XBRL support for regulatory filing
IBM Planning Analytics
7.3

Analytics

IBM Planning Analytics
8.0
Personalized dashboards
IBM Planning Analytics
8.5
Color-coded scorecards
IBM Planning Analytics
7.1
KPIs
IBM Planning Analytics
6.3
Cost and profitability analysis
IBM Planning Analytics
9.3
Key Performance Indicator setting
IBM Planning Analytics
9.3
Benchmarking with external data
IBM Planning Analytics
7.8

Integration

IBM Planning Analytics
9.5
Flat file integration
IBM Planning Analytics
9.3
Excel data integration
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
IBM Planning Analytics
9.3

Pros

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 profile photo

Cons

IBM Planning Analytics

  • User interface could be more modern and intuitive
  • Better capability to brand the tool to fit your company's aesthetic
  • Built in / out of the box stock-based-compensation modeling
  • More colors and fonts for visualizations
No photo available

Likelihood to Renew

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 profile photo

Usability

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.
No photo available

Support

IBM Planning Analytics

IBM Planning Analytics 8.0
Based on 1 answer
There are good support people in Ottawa, but having access to the development team and a TAM make the support. Without that access I don't think IBM Support would be as highly rated.
No photo available

Alternatives Considered

IBM Planning Analytics

  • TM1 is an in-memory solution which provides on-demand calculations and consolidations with the flexibility to instantly apply hierarchy changes and allows storage and reporting of text.
  • TM1 has an extremely fast ETL tool which can consume most data sources.
  • Cube rules virtually stand alone among the competition.
  • Most competitor products strive to match TM1 performance, flexibility and functionality.
  • As an IBM product, TM1 continues to be integrated into many other "sister" products and has a vast R&D team with deep pocket resources available and committed to continued product development.
Christopher Redmond profile photo

Return on Investment

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
No photo available

Pricing Details

IBM Planning Analytics

General

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

Add comparison