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
Chose IBM Planning Analytics
cost effective solution
Chose IBM Planning Analytics
Cognos is a tool that complements IBM Planning Analytics, allowing us to design dashboards and management reports
Chose IBM Planning Analytics
While for freelancers/small business owners we still recommend LivePlan given higher subscription cost of IBM Planning Analytics. But for a large business, nothing compares to IBM Planning Analytics.
Chose IBM Planning Analytics
Why IBM Planning Analytics when compared to Oracle Hyperion: Better excel integration Less data movement and duplication Better cloud offering More aforeable licensing
Chose IBM Planning Analytics
Unlike the above platforms, IBM Planning has many responsive and functional data modeling and financial data reporting functionalities which are also easy to manipulate.
Chose IBM Planning Analytics
IBM Planning Analytics with Watson will be up and running more quickly and be easier to maintain if modeling flexibility, scale, and the ability to plan at greater levels of detail are important requirements.
Chose IBM Planning Analytics
Compare to its competition it has good visual and graphical interface that helps to customized according to user needs. It helps to apply the best possible algorithm according to different model scenario that provides the best possible results. Predictive forecasting and AI …
Chose IBM Planning Analytics
I am personally trying to explore the features of SAP Analytics Cloud in order to find if it's possible to integrate other sources of data and api based integrations, but I'm still on it while using the IBM planning analytics for my project currently. But looking at the intial …
Chose IBM Planning Analytics
I worked with Hyperion a long time ago. It was not a Oracle product yet. One great feature of this solution that was really great at the time, was the modeling process of ir, with a very robust engine for sparse cubes. the performance was excellent at the time. But today I can …
Chose IBM Planning Analytics
IBM Planning Analytics with Watson is much more flexible and scalable in comparison. IBM PAW is the clear winner for our organization's successful planning and analysis needs.
Chose IBM Planning Analytics
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 …
Chose IBM Planning Analytics
Because of its ability in planning, budgeting and forecasting or work progress.it has made it easy in driving sales hence profitability and lowering costs,also with ability to forecast the decision making has never been made this easier.
The reasons for selecting are on its …
Chose IBM Planning Analytics
I compare this software with the previous one i have used i.e. SAP, IBM have the greater speed and hence is fast in implementing plans and conducting other calculations. In comparison to past experience, an allocation that almost takes 10-12 hours in another tool was created in …
Chose IBM Planning Analytics
IBM allows to build flexible models from the scratch. IBM Planning Analytics with Watson does not include non-planning features in one package, so you don't pay for something you may not need.
Chose IBM Planning Analytics
Other tools include Essbase, Outlooksoft, and BPC. When comparing the length of the implementation and the speed of the engine, IBM is the fastest on the market. I have not yet found a calculation or planning approach that cannot be done with IBM PA. In one situation, an …
Chose IBM Planning Analytics
It offers great features and creates great professional reports [compared] to other platforms.
Chose IBM Planning Analytics
During our process of buying a planning and forecasting tool, we found IBM planning analytics was offering an affordable price compared to others software in the market offering the same services. also, there were many positive reviews on the internet that convinced us that we …
Chose IBM Planning Analytics
IBM Planning Analytics with Watson does quite well in comparison to industry giants although it does have room for improvement. Many of our clients are also well accustomed to Oracle for instance. So it's user-friendliness that helps some tools get ahead of others. The more you …
Top Pros
Top Cons
Features
IBM Planning Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Planning Analytics
8.9
82 Ratings
10% above category average
Pixel Perfect reports8.473 Ratings
Customizable dashboards9.382 Ratings
Report Formatting Templates8.977 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Planning Analytics
8.8
87 Ratings
6% above category average
Drill-down analysis9.485 Ratings
Formatting capabilities9.386 Ratings
Integration with R or other statistical packages7.566 Ratings
Report sharing and collaboration9.083 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Planning Analytics
8.3
85 Ratings
1% above category average
Publish to Web7.880 Ratings
Publish to PDF9.379 Ratings
Report Versioning8.379 Ratings
Report Delivery Scheduling7.670 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Planning Analytics
7.9
85 Ratings
4% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)9.385 Ratings
Location Analytics / Geographic Visualization8.180 Ratings
Predictive Analytics7.676 Ratings
Pattern Recognition and Data Mining6.89 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Planning Analytics
9.1
88 Ratings
4% above category average
Multi-User Support (named login)9.686 Ratings
Role-Based Security Model9.687 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.688 Ratings
Report-Level Access Control8.713 Ratings
Single Sign-On (SSO)8.282 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Planning Analytics
7.4
78 Ratings
8% below category average
Responsive Design for Web Access7.577 Ratings
Mobile Application6.941 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.950 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Planning Analytics
9.4
92 Ratings
12% above category average
Long-term financial planning9.590 Ratings
Financial budgeting9.592 Ratings
Forecasting9.592 Ratings
Scenario modeling9.591 Ratings
Management reporting8.891 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Planning Analytics
8.5
86 Ratings
5% above category average
Financial data consolidation9.382 Ratings
Journal entries and reports8.377 Ratings
Multi-currency management8.876 Ratings
Intercompany Eliminations7.676 Ratings
Minority Ownership6.969 Ratings
Local and consolidated reporting9.579 Ratings
Detailed Audit Trails9.381 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Planning Analytics
8.7
87 Ratings
5% above category average
Financial Statement Reporting9.583 Ratings
Management Reporting8.984 Ratings
Excel-based Reporting9.586 Ratings
Automated board and financial reporting8.976 Ratings
XBRL support for regulatory filing6.955 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Planning Analytics
9.1
88 Ratings
12% above category average
Personalized dashboards9.487 Ratings
Color-coded scorecards9.383 Ratings
KPIs9.486 Ratings
Cost and profitability analysis9.486 Ratings
Key Performance Indicator setting9.485 Ratings
Benchmarking with external data7.958 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.9
88 Ratings
7% above category average
Flat file integration8.985 Ratings
Excel data integration9.586 Ratings
Direct links to 3rd-party data sources8.178 Ratings
Best Alternatives
IBM Planning Analytics
Small Businesses

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternatives
User Ratings
IBM Planning Analytics
Likelihood to Recommend
9.5
(98 ratings)
Likelihood to Renew
9.1
(5 ratings)
Usability
8.2
(63 ratings)
Support Rating
9.3
(88 ratings)
Product Scalability
9.1
(1 ratings)
User Testimonials
IBM Planning Analytics
Likelihood to Recommend
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.
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Pros
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
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
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
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
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
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
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

IBM Planning Analytics Screenshots

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