TrustRadius

IBM Planning Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
IBM Planning Analytics
Editions & Modules
Essentials
$825
per month 5 users
Standard
$1,650
per month 10 users
Offerings
Pricing Offerings
IBM Planning Analytics
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level Setup FeeOptional
Additional Details—
More Pricing Information
Community Pulse
IBM Planning Analytics
Considered Both Products
IBM Planning Analytics
Verified User
Consultant
Chose IBM Planning Analytics
If compared to Excel, it eliminates version control issues and manual consolidation, which saves time and reduces errors.
On the other hand, if we compared with Hyperion, IBM Planning Analytics is more agile and user-friendly, especially with the Excel integration (PAx) and the …
Verified User
Director
Chose IBM Planning Analytics
IBM Planning Analytics was far more robust and worked well with our existing tools and processes.
VK
Varun Kohli
Senior Executive
Chose IBM Planning Analytics
The overall tool is robust and complete in its capabilities.
It has an edge over other competitors and state of art technology.
Verified User
Consultant
Chose IBM Planning Analytics
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. …
Verified User
Consultant
Chose IBM Planning Analytics
It is truly hard to compare both products. I like both products and would suggest choosing one but trying both. Some things are better through IBM Planning Analytics and some things are better through the IBM Analytics Engine. Ultimately I believe that IBM Planning Analytics …
Verified User
Partner
Chose IBM Planning Analytics
instead several, manual maintained excel spreadsheets, we have now implemented a save repeatable process to get data in and out to the users
Verified User
Advisor
Chose IBM Planning Analytics
We chose IBM Planning Analytics because we find that it still uniquely positions with OLAP engine
Verified User
Manager
Chose IBM Planning Analytics
IBM Planning Analytics is my primary focus
Verified User
Engineer
Chose IBM Planning Analytics
In our organization, we chose IBM Planning Analytics because, in our opinion, IBM Planning Analytics has more features
Verified User
Manager
Chose IBM Planning Analytics
IBM Planning Analytics flexibility is what makes it stand out between the others. Generally in other platforms you are restricted to predefined flows. Although it sounds good in the beginning, when you start using those systems you face some challenges when trying to adapt new …
Verified User
Engineer
Chose IBM Planning Analytics
Workday Adaptive Planning is really tough to set up and use as a fresher. So I have always faced difficulties helping new joinees to set up and use it. But with IBM Planning Analytics, it is more straightforward and easier to use with a good interface.
PC
Patrick Cooper
BI Consultant
Chose IBM Planning Analytics
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.
Orpha Harrison | TrustRadius Reviewer
Orpha Harrison
Product Owner/Analyst-Developer Experience
Chose IBM Planning Analytics
It includes Oracle Cloud EPM Planning, Anaplan, and Adaptive Insight before deciding to choose IBM Planning Analytics. We selected Planning Analytics because of its work with complicated and many area models, the capability to work with big amounts of data, and compatibility …
Gisel Bustamante | TrustRadius Reviewer
Gisel Bustamante
Marketing and Digital Communication Specialist
Chose IBM Planning Analytics
Other options, namely Anaplan, Oracle ePm Cloud, and SAP Analytics Cloud, were also considered. Anaplan's interface lacked analytical depth. For product design metrics, flexibility was not as good in Oracle ePm Cloud. The final choice was moved by the fact that it was driven …
Zulma Quiroz | TrustRadius Reviewer
Zulma Quiroz
Corporate Credit Risk Analyst
Chose IBM Planning Analytics
In this case, Vena and Planful are considered as other products that can be compared with IBM Planning Analytics, but among them, IBM Planning Analytics is more optimal in terms of user interface and integration. Its preconfigure risk assessment model and its format and …
Verified User
Director
Chose IBM Planning Analytics
This was an older verions that was also very good, but the new IBM Planning Analytics is a far better tool that enables better scenario planning or what-if analysis.
Verified User
Administrator
Chose IBM Planning Analytics
IBM PA is like having pivot tables on steroids. Possibilities are endless.
Verified User
Consultant
Chose IBM Planning Analytics
Ability to plan more products, locations, customers
Less expensive
Client already had IBM PA for FP&A
Verified User
Executive
Chose IBM Planning Analytics
Sandboxing,Integration and Flexibility
Verified User
Administrator
Chose IBM Planning Analytics
IBM Planning Analytics is easier to use and setup for me. Easier to make reports. Works fast
Features
IBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Planning Analytics
7.5
109 Ratings
2% below category average
Pixel Perfect reports7.496 Ratings
Customizable dashboards7.4109 Ratings
Report Formatting Templates7.8103 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Planning Analytics
7.7
115 Ratings
5% below category average
Drill-down analysis7.9111 Ratings
Formatting capabilities7.4113 Ratings
Integration with R or other statistical packages7.487 Ratings
Report sharing and collaboration7.9111 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Planning Analytics
8.0
109 Ratings
3% below category average
Publish to Web7.9103 Ratings
Publish to PDF7.9102 Ratings
Report Versioning8.3100 Ratings
Report Delivery Scheduling7.993 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Planning Analytics
7.4
110 Ratings
4% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)7.8110 Ratings
Location Analytics / Geographic Visualization6.9102 Ratings
Predictive Analytics7.9100 Ratings
Pattern Recognition and Data Mining6.932 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Planning Analytics
7.9
115 Ratings
9% below category average
Multi-User Support (named login)7.9113 Ratings
Role-Based Security Model7.5114 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.0115 Ratings
Report-Level Access Control7.642 Ratings
Single Sign-On (SSO)8.4107 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Planning Analytics
7.2
101 Ratings
6% below category average
Responsive Design for Web Access7.597 Ratings
Mobile Application6.862 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.073 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Planning Analytics
8.7
124 Ratings
5% above category average
Long-term financial planning8.3120 Ratings
Financial budgeting8.6123 Ratings
Forecasting9.2123 Ratings
Scenario modeling8.9122 Ratings
Management reporting8.3123 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Planning Analytics
8.4
115 Ratings
5% above category average
Financial data consolidation9.2111 Ratings
Journal entries and reports9.2103 Ratings
Multi-currency management8.2104 Ratings
Intercompany Eliminations8.2101 Ratings
Minority Ownership8.894 Ratings
Local and consolidated reporting7.3107 Ratings
Detailed Audit Trails7.9108 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Planning Analytics
8.4
116 Ratings
4% above category average
Financial Statement Reporting8.0112 Ratings
Management Reporting8.6113 Ratings
Excel-based Reporting9.3115 Ratings
Automated board and financial reporting9.2105 Ratings
XBRL support for regulatory filing6.976 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Planning Analytics
8.3
118 Ratings
2% above category average
Personalized dashboards8.9117 Ratings
Color-coded scorecards7.9112 Ratings
KPIs8.3115 Ratings
Cost and profitability analysis8.0113 Ratings
Key Performance Indicator setting8.3113 Ratings
Benchmarking with external data8.284 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.7
116 Ratings
4% above category average
Flat file integration8.4113 Ratings
Excel data integration8.9114 Ratings
Direct links to 3rd-party data sources8.7104 Ratings
Best Alternatives
IBM Planning Analytics
Small Businesses

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.4 out of 10
Enterprises
OneStream
OneStream
Score 9.0 out of 10
All AlternativesView all alternatives
User Ratings
IBM Planning Analytics
Likelihood to Recommend
8.0
(123 ratings)
Likelihood to Renew
9.1
(5 ratings)
Usability
7.8
(69 ratings)
Support Rating
7.4
(93 ratings)
Product Scalability
9.1
(1 ratings)
User Testimonials
IBM Planning Analytics
Likelihood to Recommend
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
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
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
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
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
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
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
Read full review
Return on Investment
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