47 Ratings
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Score 8.7 out of 101
Top Rated
207 Ratings
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Score 8 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

SAP BPC (Business Planning and Consolidation)

SAP BPC is well suited for complex planning and consolidations needs where the underlying transactional system is SAP ECC. It suits well if the organization has separate teams with BPC, ABAP, BW, Basis, Hana skillset. SAP BPC is less appropriate for organizations using Agile methodology. It is not suitable for organizations in a hyper-growth cycle as the installation and implementation is time-consuming. It will not work for organizations where the planning and budgeting needs keep changing frequently. The UI of SAP BPC is not very intuitive and very difficult to set up a dynamic dashboard for senior executives and officials of CxO.
No photo available

Feature Rating Comparison

BI Standard Reporting

IBM Planning Analytics
7.0
SAP BPC (Business Planning and Consolidation)
Pixel Perfect reports
IBM Planning Analytics
6.0
SAP BPC (Business Planning and Consolidation)
Customizable dashboards
IBM Planning Analytics
8.0
SAP BPC (Business Planning and Consolidation)
Report Formatting Templates
IBM Planning Analytics
7.0
SAP BPC (Business Planning and Consolidation)

Ad-hoc Reporting

IBM Planning Analytics
8.3
SAP BPC (Business Planning and Consolidation)
Drill-down analysis
IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)
Formatting capabilities
IBM Planning Analytics
8.0
SAP BPC (Business Planning and Consolidation)
Report sharing and collaboration
IBM Planning Analytics
8.0
SAP BPC (Business Planning and Consolidation)

Report Output and Scheduling

IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)
Publish to PDF
IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)
Report Versioning
IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)

Data Discovery and Visualization

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

Access Control and Security

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

Budgeting, Planning, and Forecasting

IBM Planning Analytics
9.1
SAP BPC (Business Planning and Consolidation)
8.5
Long-term financial planning
IBM Planning Analytics
8.6
SAP BPC (Business Planning and Consolidation)
8.6
Financial budgeting
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.6
Forecasting
IBM Planning Analytics
8.6
SAP BPC (Business Planning and Consolidation)
8.7
Scenario modeling
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
8.3
Management reporting
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
8.4

Consolidation and Close

IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)
8.6
Financial data consolidation
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.8
Journal entries and reports
IBM Planning Analytics
8.0
SAP BPC (Business Planning and Consolidation)
8.7
Multi-currency management
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.5
Intercompany Eliminations
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.6
Minority Ownership
IBM Planning Analytics
8.0
SAP BPC (Business Planning and Consolidation)
8.3
Local and consolidated reporting
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.7
Detailed Audit Trails
IBM Planning Analytics
7.0
SAP BPC (Business Planning and Consolidation)
8.5

FInancial Reporting and Compliance

IBM Planning Analytics
9.0
SAP BPC (Business Planning and Consolidation)
9.0
Financial Statement Reporting
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
9.0
Management Reporting
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
8.9
Excel-based Reporting
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
9.3
Automated board and financial reporting
IBM Planning Analytics
8.6
SAP BPC (Business Planning and Consolidation)
8.7
XBRL support for regulatory filing
IBM Planning Analytics
7.3
SAP BPC (Business Planning and Consolidation)

Analytics

IBM Planning Analytics
8.1
SAP BPC (Business Planning and Consolidation)
7.6
Personalized dashboards
IBM Planning Analytics
8.6
SAP BPC (Business Planning and Consolidation)
7.4
Color-coded scorecards
IBM Planning Analytics
7.1
SAP BPC (Business Planning and Consolidation)
7.7
KPIs
IBM Planning Analytics
6.4
SAP BPC (Business Planning and Consolidation)
7.9
Cost and profitability analysis
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
7.6
Key Performance Indicator setting
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
7.8
Benchmarking with external data
IBM Planning Analytics
7.8
SAP BPC (Business Planning and Consolidation)
7.5

Integration

IBM Planning Analytics
9.5
SAP BPC (Business Planning and Consolidation)
8.6
Flat file integration
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
8.8
Excel data integration
IBM Planning Analytics
10.0
SAP BPC (Business Planning and Consolidation)
8.7
Direct links to 3rd-party data sources
IBM Planning Analytics
9.3
SAP BPC (Business Planning and Consolidation)
8.3

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

SAP BPC (Business Planning and Consolidation)

  • SAP BPC is real time data. You can send information into the system and see it reflected in your reports immediately. Other systems may require a manual push into a reporting system.
  • SAP BPC is a shared reporting tool, so multiple users can be working in a model/environment at the same time, real time. This is especially helpful if your workbooks incorporated multiple processes requiring multiple users to get into the same model.
  • SAP BPC is a powerful tool designed to help all facets of the company, from cash flow to capital expenditures to headcount management to financial planning to consolidation.
Jeffrey Suk 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

SAP BPC (Business Planning and Consolidation)

  • Being from a law firm, the system needed a lot of custom tailoring in order to fit our full needs (although many companies could say the same thing). Although the ability to highly customize the system to the company's needs is a positive, it frequently results in the system responding in unexplainable and unrepeatable ways which negatively impacts and slows the budget process. Because of the sporadic nature and variety of the issues, we are unable to repeat them on cue and therefore cannot nail down a solution.
Anthony DePasquale profile photo

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

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 7.0
Based on 1 answer
No answer on this topic is available.

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

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 7.0
Based on 1 answer
There is a heavy dependency on IT team. The system is not very flexible for Agile projects.
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

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 7.0
Based on 1 answer
We need a big support team with various skillset like BPC, ABAP, BW, HANA, FICO etc
No photo available

In-Person Training

IBM Planning Analytics

No score
No answers yet
No answers on this topic

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 9.0
Based on 1 answer
SAP BPC training content and trainers are very good. The training is structured and provides a very good understanding of the product features and functionalities. I attended 6 separate training sessions of week-long or more. I had very good experience in all the sessions. The training is organized very well.
No photo available

Online Training

IBM Planning Analytics

No score
No answers yet
No answers on this topic

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 9.0
Based on 1 answer
SAP Training contents are very good, informative and exhaustive.
No photo available

Implementation

IBM Planning Analytics

No score
No answers yet
No answers on this topic

SAP BPC (Business Planning and Consolidation)

SAP BPC (Business Planning and Consolidation) 8.0
Based on 1 answer
The implementation was carried out in two phases spread over a period of 4 years with 2 upgrades in between. We also had multiple upgrades to HANA.
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

SAP BPC (Business Planning and Consolidation)

With Hyperion we struggled as it didn’t have integrated planning and consolidation, whereas BPC does have it. BPC is easier for reporting as it is Excel-based. Also BPC has prepackaged business process flows that helped a lot. Hyperion on the other hand has a faster response time for user queries or report generation.
No photo available

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

SAP BPC (Business Planning and Consolidation)

  • When originally implemented (as the predecessor product Outlooksoft) BPC took ASU from trying to budget and forecast for a 2B enterprise out of spreadsheets and into a far more consolidated tool. It has saved us considerable time over the years and paid for itself several times over.
  • BPC also allows us to present our budget in multiple different views to support management, board and departmental reporting.
Rebecca T Barber, MBA, PHD profile photo

Screenshots

IBM Planning Analytics

Pricing Details

IBM Planning Analytics

General

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

SAP BPC (Business Planning and Consolidation)

General

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

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