TrustRadius

IBM Planning Analytics vs. Skylark AI

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
Skylark AI
Score 0.0 out of 10
N/A
Skylark AI has created an embedded workflow solution, Skye, which is an online platform that allows enterprises to build their own financial / diligence agents based on a combination of APIs and their own data. These agents can then be deployed in a number of ways to create business reports, offer data insights, and even provide strategic recommendations.N/A
Pricing
IBM Planning AnalyticsSkylark AI
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 AnalyticsSkylark AI
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details——
More Pricing Information
Community Pulse
IBM Planning AnalyticsSkylark AI
Considered Both Products
IBM Planning Analytics
Verified User
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
Chose IBM Planning Analytics
We chose IBM Planning Analytics because we find that it still uniquely positions with OLAP engine
Verified User
Anonymous
Chose IBM Planning Analytics
IBM Planning Analytics is my primary focus
Verified User
Anonymous
Chose IBM Planning Analytics
IBM watsonx.ai and IBM Cognos Analytics
Verified User
Anonymous
Chose IBM Planning Analytics
In our organization, we chose IBM Planning Analytics because, in our opinion, IBM Planning Analytics has more features
Verified User
Anonymous
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
Anonymous
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 …
Astrid Ortega | TrustRadius Reviewer
Astrid Ortega
Data Analyst and Risk Assessor
Chose IBM Planning Analytics
Prior to making the decision to go with IBM Planning Analytics, we had considered such options as Anaplan, Oracle Hyperion, and SAP Analytics Cloud. Despite the collaborative solutions offered by Anaplan and the good connection with other systems by SAP, the superb set of tool …
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
Anonymous
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
Anonymous
Chose IBM Planning Analytics
IBM PA is like having pivot tables on steroids. Possibilities are endless.
Verified User
Anonymous
Chose IBM Planning Analytics
Ability to plan more products, locations, customers
Less expensive
Client already had IBM PA for FP&A
Verified User
Anonymous
Chose IBM Planning Analytics
Sandboxing,Integration and Flexibility
Verified User
Anonymous
Chose IBM Planning Analytics
IBM Planning Analytics is easier to use and setup for me. Easier to make reports. Works fast
Verified User
Anonymous
Chose IBM Planning Analytics
We have been using IBM Planning Analytics and haven't explored other products that could cover our business needs.
Skylark AI

No answer on this topic

Features
IBM Planning AnalyticsSkylark AI
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Planning Analytics
7.5
Ratings
1% below category average
Skylark AI
-
Ratings
Pixel Perfect reports7.30 Ratings00 Ratings
Customizable dashboards7.30 Ratings00 Ratings
Report Formatting Templates7.70 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Planning Analytics
7.6
Ratings
2% below category average
Skylark AI
-
Ratings
Drill-down analysis7.90 Ratings00 Ratings
Formatting capabilities7.40 Ratings00 Ratings
Integration with R or other statistical packages7.40 Ratings00 Ratings
Report sharing and collaboration7.80 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Planning Analytics
8.0
Ratings
0% below category average
Skylark AI
-
Ratings
Publish to Web7.90 Ratings00 Ratings
Publish to PDF7.90 Ratings00 Ratings
Report Versioning8.30 Ratings00 Ratings
Report Delivery Scheduling7.90 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Planning Analytics
7.3
Ratings
2% below category average
Skylark AI
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)7.70 Ratings00 Ratings
Location Analytics / Geographic Visualization6.80 Ratings00 Ratings
Predictive Analytics7.80 Ratings00 Ratings
Pattern Recognition and Data Mining6.80 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Planning Analytics
7.8
Ratings
7% below category average
Skylark AI
-
Ratings
Multi-User Support (named login)7.80 Ratings00 Ratings
Role-Based Security Model7.50 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.00 Ratings00 Ratings
Report-Level Access Control7.50 Ratings00 Ratings
Single Sign-On (SSO)8.40 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Planning Analytics
7.1
Ratings
5% below category average
Skylark AI
-
Ratings
Responsive Design for Web Access7.50 Ratings00 Ratings
Mobile Application6.70 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.00 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Planning Analytics
8.7
Ratings
7% above category average
Skylark AI
-
Ratings
Long-term financial planning8.30 Ratings00 Ratings
Financial budgeting8.70 Ratings00 Ratings
Forecasting9.20 Ratings00 Ratings
Scenario modeling9.00 Ratings00 Ratings
Management reporting8.30 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Planning Analytics
8.4
Ratings
8% above category average
Skylark AI
-
Ratings
Financial data consolidation9.20 Ratings00 Ratings
Journal entries and reports9.20 Ratings00 Ratings
Multi-currency management8.20 Ratings00 Ratings
Intercompany Eliminations8.30 Ratings00 Ratings
Minority Ownership8.80 Ratings00 Ratings
Local and consolidated reporting7.20 Ratings00 Ratings
Detailed Audit Trails7.90 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Planning Analytics
8.4
Ratings
7% above category average
Skylark AI
-
Ratings
Financial Statement Reporting8.00 Ratings00 Ratings
Management Reporting8.50 Ratings00 Ratings
Excel-based Reporting9.30 Ratings00 Ratings
Automated board and financial reporting9.20 Ratings00 Ratings
XBRL support for regulatory filing6.80 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Planning Analytics
8.3
Ratings
3% above category average
Skylark AI
-
Ratings
Personalized dashboards8.90 Ratings00 Ratings
Color-coded scorecards7.90 Ratings00 Ratings
KPIs8.20 Ratings00 Ratings
Cost and profitability analysis8.00 Ratings00 Ratings
Key Performance Indicator setting8.30 Ratings00 Ratings
Benchmarking with external data8.30 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.7
Ratings
7% above category average
Skylark AI
-
Ratings
Flat file integration8.40 Ratings00 Ratings
Excel data integration9.00 Ratings00 Ratings
Direct links to 3rd-party data sources8.80 Ratings00 Ratings
Best Alternatives
IBM Planning AnalyticsSkylark AI
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.4 out of 10
Cube
Cube
Score 9.8 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 AnalyticsSkylark AI
Likelihood to Recommend
8.0
(0 ratings)
-
(0 ratings)
Likelihood to Renew
9.1
(0 ratings)
-
(0 ratings)
Usability
7.8
(0 ratings)
-
(0 ratings)
Support Rating
7.3
(0 ratings)
-
(0 ratings)
Product Scalability
9.1
(0 ratings)
-
(0 ratings)
User Testimonials
IBM Planning AnalyticsSkylark AI
Likelihood to Recommend
For a CFO or a COO to do budgeting and planning, IBM Planning Analytics would be essential. It is a tool that can take in multiple data sources and showcase them in a multidimensional way. If you are looking just for a BI or reporting tool, Planning Analytics would be considered "overkill".
PC
Patrick Cooper
BI Consultant
Read full review
No answers on this topic
Pros
  • 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
No answers on this topic
Cons
  • 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
No answers on this topic
Likelihood to Renew
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
No answers on this topic
Usability
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
No answers on this topic
Support Rating
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
Verified User
Anonymous
Read full review
No answers on this topic
Alternatives Considered
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.
Verified User
Anonymous
Read full review
No answers on this topic
Return on Investment
  • Much higher degree of accuracy in forecasting with the use of predictive analysis from historical data
  • Dozens of man hours saved in routine processes that are now handled with minimal human interaction
  • One system that holds the "source of truth," consolidating multiple systems together that were only accessible individually before
Verified User
Anonymous
Read full review
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