IBM Planning Analytics vs. Wolters Kluwer CCH® Tagetik

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
Wolters Kluwer CCH® Tagetik
Score 8.0 out of 10
N/A
Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting. Tagetik is offered as SaaS, on a private cloud, or on-premise, and can migrate between deployments as needed.N/A
Pricing
IBM Planning AnalyticsWolters Kluwer CCH® Tagetik
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 AnalyticsWolters Kluwer CCH® Tagetik
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
IBM Planning AnalyticsWolters Kluwer CCH® Tagetik
Considered Both Products
IBM Planning Analytics

No answer on this topic

Wolters Kluwer CCH® Tagetik
Chose Wolters Kluwer CCH® Tagetik
CCH Tagetik was in the end the best choice for us. As I was not directly involved in the decision making process, I don't have all the details, but a combination of costanalysis, ease-of-use, migration-analysis and the fact that CCH Tagetik has a dutch office almost in walking …
Top Pros
Top Cons
Features
IBM Planning AnalyticsWolters Kluwer CCH® Tagetik
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
Wolters Kluwer CCH® Tagetik
8.5
9 Ratings
5% above category average
Pixel Perfect reports8.473 Ratings8.06 Ratings
Customizable dashboards9.382 Ratings9.17 Ratings
Report Formatting Templates8.977 Ratings8.58 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
Wolters Kluwer CCH® Tagetik
8.1
20 Ratings
3% below category average
Drill-down analysis9.485 Ratings8.220 Ratings
Formatting capabilities9.386 Ratings8.420 Ratings
Integration with R or other statistical packages7.566 Ratings7.77 Ratings
Report sharing and collaboration9.083 Ratings8.212 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
Wolters Kluwer CCH® Tagetik
8.1
12 Ratings
1% below category average
Publish to Web7.880 Ratings8.58 Ratings
Publish to PDF9.379 Ratings8.211 Ratings
Report Versioning8.379 Ratings7.911 Ratings
Report Delivery Scheduling7.670 Ratings7.98 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
Wolters Kluwer CCH® Tagetik
8.4
7 Ratings
9% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)9.385 Ratings7.86 Ratings
Location Analytics / Geographic Visualization8.180 Ratings7.94 Ratings
Predictive Analytics7.676 Ratings8.76 Ratings
Pattern Recognition and Data Mining6.89 Ratings9.11 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
Wolters Kluwer CCH® Tagetik
8.1
19 Ratings
8% below category average
Multi-User Support (named login)9.686 Ratings8.619 Ratings
Role-Based Security Model9.687 Ratings8.618 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.688 Ratings8.019 Ratings
Report-Level Access Control8.713 Ratings7.92 Ratings
Single Sign-On (SSO)8.282 Ratings7.613 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
Wolters Kluwer CCH® Tagetik
7.0
9 Ratings
13% below category average
Responsive Design for Web Access7.577 Ratings6.48 Ratings
Mobile Application6.941 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.950 Ratings7.76 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
Wolters Kluwer CCH® Tagetik
8.4
46 Ratings
1% above category average
Long-term financial planning9.590 Ratings8.432 Ratings
Financial budgeting9.592 Ratings8.140 Ratings
Forecasting9.592 Ratings8.737 Ratings
Scenario modeling9.591 Ratings8.233 Ratings
Management reporting8.891 Ratings8.844 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
Wolters Kluwer CCH® Tagetik
8.7
42 Ratings
7% above category average
Financial data consolidation9.382 Ratings9.236 Ratings
Journal entries and reports8.377 Ratings8.734 Ratings
Multi-currency management8.876 Ratings9.531 Ratings
Intercompany Eliminations7.676 Ratings8.734 Ratings
Minority Ownership6.969 Ratings8.527 Ratings
Local and consolidated reporting9.579 Ratings9.040 Ratings
Detailed Audit Trails9.381 Ratings7.432 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
Wolters Kluwer CCH® Tagetik
8.6
46 Ratings
4% above category average
Financial Statement Reporting9.583 Ratings9.038 Ratings
Management Reporting8.984 Ratings9.244 Ratings
Excel-based Reporting9.586 Ratings7.946 Ratings
Automated board and financial reporting8.976 Ratings8.231 Ratings
XBRL support for regulatory filing6.955 Ratings8.717 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
Wolters Kluwer CCH® Tagetik
8.0
30 Ratings
1% below category average
Personalized dashboards9.487 Ratings8.025 Ratings
Color-coded scorecards9.383 Ratings7.219 Ratings
KPIs9.486 Ratings8.523 Ratings
Cost and profitability analysis9.486 Ratings8.321 Ratings
Key Performance Indicator setting9.485 Ratings8.121 Ratings
Benchmarking with external data7.958 Ratings8.014 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
8.9
88 Ratings
7% above category average
Wolters Kluwer CCH® Tagetik
8.4
43 Ratings
1% above category average
Flat file integration8.985 Ratings8.337 Ratings
Excel data integration9.586 Ratings9.041 Ratings
Direct links to 3rd-party data sources8.278 Ratings7.828 Ratings
Best Alternatives
IBM Planning AnalyticsWolters Kluwer CCH® Tagetik
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 AnalyticsWolters Kluwer CCH® Tagetik
Likelihood to Recommend
9.5
(98 ratings)
8.4
(47 ratings)
Likelihood to Renew
9.1
(5 ratings)
8.3
(10 ratings)
Usability
8.2
(63 ratings)
8.1
(14 ratings)
Availability
-
(0 ratings)
7.3
(2 ratings)
Performance
-
(0 ratings)
9.1
(2 ratings)
Support Rating
9.3
(88 ratings)
10.0
(5 ratings)
In-Person Training
-
(0 ratings)
6.4
(2 ratings)
Online Training
-
(0 ratings)
8.2
(1 ratings)
Implementation Rating
-
(0 ratings)
6.4
(2 ratings)
Configurability
-
(0 ratings)
7.3
(1 ratings)
Product Scalability
9.1
(1 ratings)
9.1
(2 ratings)
Vendor post-sale
-
(0 ratings)
7.3
(2 ratings)
Vendor pre-sale
-
(0 ratings)
8.2
(2 ratings)
User Testimonials
IBM Planning AnalyticsWolters Kluwer CCH® Tagetik
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
Wolters Kluwer CCH® Tagetik
Scenarios where CCH Tagetik is suitable is when a company have large amounts of data and want to transform, consolidate, store and produce reporting in different year, period etc with complex calculations and allocation. Tagetik is the tool for you in this case and it's very flexible in terms of creating your own business rule, calculation and reporting options with a user friendly interface. I have not thought about scenarios where it is not appropriate to use tagetik yet as the tool covers small and large business financial needs
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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
Read full review
Wolters Kluwer CCH® Tagetik
  • Processes are clearly described in CCH Tagetik ; users can easily find where they are and which action they have to make
  • Interaction with Excel is really fluid ; the Excel add-in is easy to deploy and to updgrade, in the hand of users. It is reliable provided the internet connection is fast.
  • Managing hierachies is obvious in CCH Tagetik. Hierarchies are fundamental for a good reporting ; CCH Tagetik has obviously a deep experience of this feature.
  • SaaS : our experience with CCH Tagetik is of only 1 year, but it technically performs well, the system is reponsive, no shut-down, and updates (every quarter) do not disturb production.
  • AIH seems to be able to manage very large quantity of data, and to provide advanced analysis functionalities. We did not have time to explore them.
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
Wolters Kluwer CCH® Tagetik
  • Online help and manual is a bonus but could be improved e.g. the clarity of English explanations.
  • Improved Excel compatibility e.g. formula driven reporting and dash boarding.
  • Mobile phone connectivity e.g. launching a consolidation from a Wolters Kluwer CCH® Tagetik app.
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.
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Wolters Kluwer CCH® Tagetik
Because in my oppinion Wolters Kluwer CCH Tagetik is one of the most usable tools for consolidation, planning (controlling) and reporting. Its usability is quite easy and innovative. I like the data entry method for the customers with its workflow and tasks, quite easy way to implement a co pilot. And i like the reporting tool, with a lot of customization opportunities.
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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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Wolters Kluwer CCH® Tagetik
Surprisingly, this platform is a powerhouse ERP system. However, given time, when more and more organization is able to identify how powerful this tool can be, CCH Tagetik is able to stand as a competitive advantage to many of the Financial industry of today. Although, it needs time to understand the logic behind how CCH Tagetik is formed and setup, once it is known to the user, it is an easy day to day operations with minimal maintenance.
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Reliability and Availability
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
CCH Tagetik has alwyas been there in case we need help. In almost 20 years of commercial relationship, I have no evidence of times in which they were not available to answer a question or to solve an issue linked to their products, timely and efficiently.
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Performance
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
As you can see, speed depends on the applications but also on the hardware that runs them. As far as CCH Tagetik improved, we saw the benefit of a cloud-based solution which could solve many speed performance issues.
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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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Wolters Kluwer CCH® Tagetik
I got very quick respons. After very little mail iterations, they decided to have online meeting to look together with me to the issue. They tried to solve it during the meeting. I had the impression that the customer care person really knew the system and was able to ask help from other colleagues when needed
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In-Person Training
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
the training was not bad, but we got more training from working with the consultants. This because it is based on our system
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Online Training
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
Online training is the only form of training we could deploy during the pandemic. This service has been nonethless delivered with the same standards and the same results of the traditional training procedures.
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Implementation Rating
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
we did it in a coaching model. This allowed us to have 2 key advantages: we got to know the system very well and managed to save on the implementation cost. This worked well, was maybe a bit slower since we had to do this in our spare time. Nevertheless I strongly recommand
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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
Wolters Kluwer CCH® Tagetik
I found the Excel piece of IBM Cognos TM1 to be easier to use than CCH Tagetik. It was much easier to customize the data being pulled and the feel of the reports because of that. Other than that, CCH Tagetik has been more user friendly than IBM Cognos TM1. Navigating within the application is much easier. IBM Cognos TM1 had a lot of issues with certain modules that could not be open concurrently; this would often lead to phantom data being entered in the system. I have not had these issues with CCH Tagetik.
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Scalability
IBM
No answers on this topic
Wolters Kluwer CCH® Tagetik
A good and performing scalability both on a geographical and a legal entity scale. The link with MS Office suite allows an easy deployment of the application, especially for contributors.
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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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Wolters Kluwer CCH® Tagetik
  • Gave us a tool that can absolutely grow with us to help multi phase implementations.
  • A significant time savings in terms of the amount of time we used to spend running reports vs. the time we spend now. Unbelievable improvement.
  • Gives us the option to use CCH Tagetik to solve business problems that perhaps we didn't have when we implemented CCH Tagetik. It gives us options without the possibility of implementing a whole other software package.
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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

Wolters Kluwer CCH® Tagetik Screenshots

Screenshot of Homepage