IBM Planning Analytics vs. IdeaBuddy

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
IdeaBuddy
Score 10.0 out of 10
N/A
IdeaBuddy is an innovative business planning tool from the company of the same name in Mountain View, that helps entrepreneurs, startups, and companies build a business model, develop their ideas in detail, validate the concept, and create a modern business plan. The tool comes with a step-by-step guide and idea templates.
$90
per year
Pricing
IBM Planning AnalyticsIdeaBuddy
Editions & Modules
Essentials
$825
per month 5 users
Standard
$1,650
per month 10 users
Dreamer
$90
per year 1 idea / 1 collaborator
Founder
$150
per year 3 ideas / 3 collaborators
Team
$270
per year 30 ideas / 30 collaborators
Offerings
Pricing Offerings
IBM Planning AnalyticsIdeaBuddy
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
IBM Planning AnalyticsIdeaBuddy
Features
IBM Planning AnalyticsIdeaBuddy
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Planning Analytics
7.6
112 Ratings
0% above category average
IdeaBuddy
-
Ratings
Pixel Perfect reports7.799 Ratings00 Ratings
Customizable dashboards7.7112 Ratings00 Ratings
Report Formatting Templates7.6106 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Planning Analytics
8.1
118 Ratings
4% above category average
IdeaBuddy
-
Ratings
Drill-down analysis8.5115 Ratings00 Ratings
Formatting capabilities7.9116 Ratings00 Ratings
Integration with R or other statistical packages7.990 Ratings00 Ratings
Report sharing and collaboration7.8114 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Planning Analytics
8.2
112 Ratings
3% above category average
IdeaBuddy
-
Ratings
Publish to Web7.9105 Ratings00 Ratings
Publish to PDF8.2105 Ratings00 Ratings
Report Versioning8.4103 Ratings00 Ratings
Report Delivery Scheduling8.296 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Planning Analytics
7.6
113 Ratings
2% above category average
IdeaBuddy
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)8.1113 Ratings00 Ratings
Location Analytics / Geographic Visualization7.7105 Ratings00 Ratings
Predictive Analytics7.8103 Ratings00 Ratings
Pattern Recognition and Data Mining6.736 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Planning Analytics
8.0
118 Ratings
5% below category average
IdeaBuddy
-
Ratings
Multi-User Support (named login)8.2116 Ratings00 Ratings
Role-Based Security Model7.7117 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.0118 Ratings00 Ratings
Report-Level Access Control7.645 Ratings00 Ratings
Single Sign-On (SSO)8.4110 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Planning Analytics
7.6
102 Ratings
2% above category average
IdeaBuddy
-
Ratings
Responsive Design for Web Access7.799 Ratings00 Ratings
Mobile Application7.764 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.774 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Planning Analytics
8.4
127 Ratings
4% above category average
IdeaBuddy
-
Ratings
Long-term financial planning8.0123 Ratings00 Ratings
Financial budgeting8.4126 Ratings00 Ratings
Forecasting8.7126 Ratings00 Ratings
Scenario modeling8.6125 Ratings00 Ratings
Management reporting8.6125 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Planning Analytics
8.5
118 Ratings
9% above category average
IdeaBuddy
-
Ratings
Financial data consolidation9.1114 Ratings00 Ratings
Journal entries and reports9.2104 Ratings00 Ratings
Multi-currency management8.5106 Ratings00 Ratings
Intercompany Eliminations8.4104 Ratings00 Ratings
Minority Ownership8.697 Ratings00 Ratings
Local and consolidated reporting7.8110 Ratings00 Ratings
Detailed Audit Trails8.1111 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Planning Analytics
8.8
119 Ratings
11% above category average
IdeaBuddy
-
Ratings
Financial Statement Reporting8.2115 Ratings00 Ratings
Management Reporting8.7116 Ratings00 Ratings
Excel-based Reporting9.4118 Ratings00 Ratings
Automated board and financial reporting9.1107 Ratings00 Ratings
XBRL support for regulatory filing8.678 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Planning Analytics
8.4
121 Ratings
4% above category average
IdeaBuddy
-
Ratings
Personalized dashboards8.7120 Ratings00 Ratings
Color-coded scorecards8.4115 Ratings00 Ratings
KPIs8.1118 Ratings00 Ratings
Cost and profitability analysis8.2116 Ratings00 Ratings
Key Performance Indicator setting8.5115 Ratings00 Ratings
Benchmarking with external data8.586 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.7
119 Ratings
8% above category average
IdeaBuddy
-
Ratings
Flat file integration8.7116 Ratings00 Ratings
Excel data integration9.0117 Ratings00 Ratings
Direct links to 3rd-party data sources8.6108 Ratings00 Ratings
Best Alternatives
IBM Planning AnalyticsIdeaBuddy
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
IBM Planning AnalyticsIdeaBuddy
Likelihood to Recommend
8.0
(127 ratings)
-
(0 ratings)
Likelihood to Renew
9.1
(5 ratings)
-
(0 ratings)
Usability
7.8
(69 ratings)
-
(0 ratings)
Support Rating
7.3
(93 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
IBM Planning AnalyticsIdeaBuddy
Likelihood to Recommend
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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IdeaBuddy
No answers on this topic
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.
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IdeaBuddy
No answers on this topic
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
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IdeaBuddy
No answers on this topic
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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IdeaBuddy
No answers on this topic
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.
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IdeaBuddy
No answers on this topic
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.
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IdeaBuddy
No answers on this topic
Alternatives Considered
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.
Read full review
IdeaBuddy
No answers on this topic
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
Read full review
IdeaBuddy
No answers on this topic
ScreenShots

IBM Planning Analytics Screenshots

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