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Top Rated
103 Ratings
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Top Rated
240 Ratings

IBM Planning Analytics

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Top Rated
103 Ratings
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Score 7.5 out of 100

Workday Adaptive Planning

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Top Rated
240 Ratings
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Score 8.3 out of 100

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.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

IBM Planning Analytics
7.1
Workday Adaptive Planning
9.3
Pixel Perfect reports
IBM Planning Analytics
7.3
Workday Adaptive Planning
9.0
Customizable dashboards
IBM Planning Analytics
7.2
Workday Adaptive Planning
10.0
Report Formatting Templates
IBM Planning Analytics
6.7
Workday Adaptive Planning
9.0

Ad-hoc Reporting

IBM Planning Analytics
7.4
Workday Adaptive Planning
8.0
Drill-down analysis
IBM Planning Analytics
7.8
Workday Adaptive Planning
9.0
Formatting capabilities
IBM Planning Analytics
7.2
Workday Adaptive Planning
7.0
Integration with R or other statistical packages
IBM Planning Analytics
7.2
Workday Adaptive Planning
8.0
Report sharing and collaboration
IBM Planning Analytics
7.4
Workday Adaptive Planning
8.0

Report Output and Scheduling

IBM Planning Analytics
7.5
Workday Adaptive Planning
8.0
Publish to Web
IBM Planning Analytics
7.8
Workday Adaptive Planning
Publish to PDF
IBM Planning Analytics
7.5
Workday Adaptive Planning
8.0
Report Versioning
IBM Planning Analytics
7.5
Workday Adaptive Planning
8.0
Report Delivery Scheduling
IBM Planning Analytics
7.1
Workday Adaptive Planning
8.0

Data Discovery and Visualization

IBM Planning Analytics
7.2
Workday Adaptive Planning
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
IBM Planning Analytics
7.3
Workday Adaptive Planning
7.0
Location Analytics / Geographic Visualization
IBM Planning Analytics
7.0
Workday Adaptive Planning
8.0
Predictive Analytics
IBM Planning Analytics
7.2
Workday Adaptive Planning
8.0

Access Control and Security

IBM Planning Analytics
8.0
Workday Adaptive Planning
9.0
Multi-User Support (named login)
IBM Planning Analytics
7.9
Workday Adaptive Planning
9.0
Role-Based Security Model
IBM Planning Analytics
7.9
Workday Adaptive Planning
9.0
Multiple Access Permission Levels (Create, Read, Delete)
IBM Planning Analytics
8.1
Workday Adaptive Planning
9.0
Single Sign-On (SSO)
IBM Planning Analytics
8.1
Workday Adaptive Planning

Mobile Capabilities

IBM Planning Analytics
7.2
Workday Adaptive Planning
8.5
Responsive Design for Web Access
IBM Planning Analytics
7.0
Workday Adaptive Planning
8.0
Dedicated iOS Application
IBM Planning Analytics
7.2
Workday Adaptive Planning
8.0
Dedicated Android Application
IBM Planning Analytics
7.4
Workday Adaptive Planning
8.0
Dashboard / Report / Visualization Interactivity on Mobile
IBM Planning Analytics
7.0
Workday Adaptive Planning
10.0

Budgeting, Planning, and Forecasting

IBM Planning Analytics
8.0
Workday Adaptive Planning
8.4
Long-term financial planning
IBM Planning Analytics
8.0
Workday Adaptive Planning
7.8
Financial budgeting
IBM Planning Analytics
8.1
Workday Adaptive Planning
8.9
Forecasting
IBM Planning Analytics
8.0
Workday Adaptive Planning
9.0
Scenario modeling
IBM Planning Analytics
8.0
Workday Adaptive Planning
7.1
Management reporting
IBM Planning Analytics
7.7
Workday Adaptive Planning
9.0

Consolidation and Close

IBM Planning Analytics
7.4
Workday Adaptive Planning
8.0
Financial data consolidation
IBM Planning Analytics
7.6
Workday Adaptive Planning
8.8
Journal entries and reports
IBM Planning Analytics
6.9
Workday Adaptive Planning
6.4
Multi-currency management
IBM Planning Analytics
8.0
Workday Adaptive Planning
7.6
Intercompany Eliminations
IBM Planning Analytics
7.3
Workday Adaptive Planning
8.0
Minority Ownership
IBM Planning Analytics
6.7
Workday Adaptive Planning
8.1
Local and consolidated reporting
IBM Planning Analytics
7.7
Workday Adaptive Planning
8.7
Detailed Audit Trails
IBM Planning Analytics
7.8
Workday Adaptive Planning
8.6

Financial Reporting and Compliance

IBM Planning Analytics
7.8
Workday Adaptive Planning
7.9
Financial Statement Reporting
IBM Planning Analytics
7.8
Workday Adaptive Planning
8.7
Management Reporting
IBM Planning Analytics
7.9
Workday Adaptive Planning
8.6
Excel-based Reporting
IBM Planning Analytics
8.4
Workday Adaptive Planning
7.4
Automated board and financial reporting
IBM Planning Analytics
7.3
Workday Adaptive Planning
7.4
XBRL support for regulatory filing
IBM Planning Analytics
7.5
Workday Adaptive Planning
7.7

Analytics

IBM Planning Analytics
7.5
Workday Adaptive Planning
6.9
Personalized dashboards
IBM Planning Analytics
7.7
Workday Adaptive Planning
7.5
Color-coded scorecards
IBM Planning Analytics
7.4
Workday Adaptive Planning
6.4
KPIs
IBM Planning Analytics
7.3
Workday Adaptive Planning
7.3
Cost and profitability analysis
IBM Planning Analytics
7.7
Workday Adaptive Planning
8.3
Key Performance Indicator setting
IBM Planning Analytics
7.5
Workday Adaptive Planning
7.9
Benchmarking with external data
IBM Planning Analytics
7.3
Workday Adaptive Planning
4.2

Integration

IBM Planning Analytics
7.9
Workday Adaptive Planning
8.3
Flat file integration
IBM Planning Analytics
8.0
Workday Adaptive Planning
8.3
Excel data integration
IBM Planning Analytics
8.2
Workday Adaptive Planning
8.4
Direct links to 3rd-party data sources
IBM Planning Analytics
7.5
Workday Adaptive Planning
8.2

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 | TrustRadius Reviewer

Workday Adaptive Planning

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie | TrustRadius Reviewer

Cons

IBM Planning Analytics

  • Would like IBM to ensure the Cloud experience is as stable as the on-premise version.
  • More direct IBM involvement to resolve system & environment issues & informing the customer directly rather than through 3rd party support providers who may not be able to.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger | TrustRadius Reviewer

Likelihood to Renew

IBM Planning Analytics

IBM Planning Analytics 8.3
Based on 4 answers
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.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.0
Based on 34 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald | TrustRadius Reviewer

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.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 7.4
Based on 79 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak | TrustRadius Reviewer

Reliability and Availability

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 6.8
Based on 10 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels | TrustRadius Reviewer

Performance

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 5 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg | TrustRadius Reviewer

Support Rating

IBM Planning Analytics

IBM Planning Analytics 7.4
Based on 30 answers
Overall, my experience with using IBM Planning Analytics has been nothing short of amazing. I found the tool to be a true visionary among its competitors and offer value-added features that make it stand out from the pack. In particular, I applaud the AI features and they provide that next-level insight and processing capability that is hard to replicate with manual work.
Ausrine S. | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.3
Based on 26 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke | TrustRadius Reviewer

Online Training

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 7 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA | TrustRadius Reviewer

Implementation Rating

IBM Planning Analytics

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 30 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn | TrustRadius Reviewer

Alternatives Considered

IBM Planning Analytics

IBM Cognos Analytics is not a replacement for IBM Planning Analytics. IBM Cognos Analytics is focused only on reporting, but in that section it's an excellent addition to IBM Planning Analytics. You can directly use IBM Planning Analytics as a data source in IBM Cognos Analytics. In our business case we use IBM Planning Analytics for forecasting, but the more extensive reporting is done in IBM Cognos Analytics (for example forecast accuracy).
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis | TrustRadius Reviewer

Scalability

IBM Planning Analytics

IBM Planning Analytics 9.1
Based on 1 answer
No answer on this topic is available.

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 8 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer

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
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra | TrustRadius Reviewer

Screenshots

Pricing Details

IBM Planning Analytics

General

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

Workday Adaptive Planning

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

* per seat, per installation

Rating Summary

Likelihood to Recommend

IBM Planning Analytics
8.0
Workday Adaptive Planning
7.3

Likelihood to Renew

IBM Planning Analytics
8.3
Workday Adaptive Planning
9.0

Usability

IBM Planning Analytics
9.0
Workday Adaptive Planning
7.4

Reliability and Availability

IBM Planning Analytics
Workday Adaptive Planning
6.8

Performance

IBM Planning Analytics
Workday Adaptive Planning
9.1

Support Rating

IBM Planning Analytics
7.4
Workday Adaptive Planning
8.3

In-Person Training

IBM Planning Analytics
Workday Adaptive Planning
8.2

Online Training

IBM Planning Analytics
Workday Adaptive Planning
8.9

Implementation Rating

IBM Planning Analytics
Workday Adaptive Planning
8.9

Scalability

IBM Planning Analytics
9.1
Workday Adaptive Planning
9.1

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