IBM Planning Analytics vs. Lucanet

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
Lucanet
Score 7.8 out of 10
N/A
LucaNet has been synonymous with intelligent software solutions and professional expertise in consolidated financial statements and controlling since 1999. Our aim is to simplify your day-to-day processes with our financial performance management software. No matter the size of your company and what industry you operate in, we can provide you with a tailored solution. Over 2,000 customers in more than 50 countries are already profiting from our user-friendly software and professional consulting.N/A
Pricing
IBM Planning AnalyticsLucanet
Editions & Modules
Essentials
$825
per month 5 users
Standard
$1,650
per month 10 users
No answers on this topic
Offerings
Pricing Offerings
IBM Planning AnalyticsLucanet
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Features
IBM Planning AnalyticsLucanet
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
Lucanet
-
Ratings
Pixel Perfect reports8.473 Ratings00 Ratings
Customizable dashboards9.382 Ratings00 Ratings
Report Formatting Templates8.977 Ratings00 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
Lucanet
9.0
1 Ratings
8% above category average
Drill-down analysis9.485 Ratings9.01 Ratings
Formatting capabilities9.386 Ratings00 Ratings
Integration with R or other statistical packages7.566 Ratings00 Ratings
Report sharing and collaboration9.083 Ratings00 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
Lucanet
-
Ratings
Publish to Web7.880 Ratings00 Ratings
Publish to PDF9.379 Ratings00 Ratings
Report Versioning8.379 Ratings00 Ratings
Report Delivery Scheduling7.670 Ratings00 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
3% above category average
Lucanet
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)9.385 Ratings00 Ratings
Location Analytics / Geographic Visualization8.180 Ratings00 Ratings
Predictive Analytics7.676 Ratings00 Ratings
Pattern Recognition and Data Mining6.89 Ratings00 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
Lucanet
-
Ratings
Multi-User Support (named login)9.686 Ratings00 Ratings
Role-Based Security Model9.687 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.688 Ratings00 Ratings
Report-Level Access Control8.713 Ratings00 Ratings
Single Sign-On (SSO)8.282 Ratings00 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
Lucanet
-
Ratings
Responsive Design for Web Access7.577 Ratings00 Ratings
Mobile Application6.941 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.950 Ratings00 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
Lucanet
7.5
1 Ratings
10% below category average
Long-term financial planning9.590 Ratings7.01 Ratings
Financial budgeting9.592 Ratings8.01 Ratings
Forecasting9.592 Ratings6.01 Ratings
Scenario modeling9.591 Ratings00 Ratings
Management reporting8.891 Ratings9.01 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
Lucanet
8.2
1 Ratings
1% above category average
Financial data consolidation9.382 Ratings8.01 Ratings
Journal entries and reports8.377 Ratings8.01 Ratings
Multi-currency management8.876 Ratings9.01 Ratings
Intercompany Eliminations7.676 Ratings8.01 Ratings
Minority Ownership6.969 Ratings00 Ratings
Local and consolidated reporting9.579 Ratings8.01 Ratings
Detailed Audit Trails9.381 Ratings00 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
Lucanet
8.7
1 Ratings
5% above category average
Financial Statement Reporting9.583 Ratings9.01 Ratings
Management Reporting8.984 Ratings8.01 Ratings
Excel-based Reporting9.586 Ratings9.01 Ratings
Automated board and financial reporting8.976 Ratings00 Ratings
XBRL support for regulatory filing6.955 Ratings00 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
Lucanet
6.7
1 Ratings
18% below category average
Personalized dashboards9.487 Ratings7.01 Ratings
Color-coded scorecards9.383 Ratings00 Ratings
KPIs9.486 Ratings6.01 Ratings
Cost and profitability analysis9.486 Ratings7.01 Ratings
Key Performance Indicator setting9.485 Ratings00 Ratings
Benchmarking with external data7.958 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.9
88 Ratings
7% above category average
Lucanet
9.0
1 Ratings
8% above category average
Flat file integration8.985 Ratings9.01 Ratings
Excel data integration9.586 Ratings9.01 Ratings
Direct links to 3rd-party data sources8.278 Ratings00 Ratings
Best Alternatives
IBM Planning AnalyticsLucanet
Small Businesses

No answers on this topic

IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
IBM Planning AnalyticsLucanet
Likelihood to Recommend
9.5
(98 ratings)
8.0
(1 ratings)
Likelihood to Renew
9.1
(5 ratings)
-
(0 ratings)
Usability
8.2
(63 ratings)
-
(0 ratings)
Support Rating
9.3
(88 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
IBM Planning AnalyticsLucanet
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.
Read full review
Lucanet
Lucanet is an easy to understand consolidation tool that displays the company's PnL, balance sheets, and cash flow statement in a clear way. The software is intuitive and easy to understand. User access functionalities are good. Dashboarding, reporting, and variance analysis are limited which is a disadvantage compared to other applications who do offer more all-in-one solutions.
Read full review
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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Lucanet
  • Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
  • Easy to add additional journal entries
  • Present legal consolidation structure in an intuitive way
Read full review
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
Read full review
Lucanet
  • Limited dimensions to drill-down to a lower level of detail
  • Limited reporting functionality
  • We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis
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.
Read full review
Lucanet
No answers on this topic
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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Lucanet
No answers on this topic
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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Lucanet
No answers on this topic
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
Lucanet
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.
Read full review
Lucanet
  • Provides single source of truth regarding financial data
  • Affordable solution
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