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IBM Planning Analytics vs. Workday Human Capital Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    IBM Planning Analytics

    Score8.5 out of 10
    N/AIBM 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

    Workday HCM

    Score7.8 out of 10
    N/AWorkday Human Capital Management is a cloud-native system offering a globally consistent user experience. Workday HCM is part of an intelligent, unified system with other Workday products.N/A
    Pricing
    IBM Planning AnalyticsWorkday HCM
    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 AnalyticsWorkday HCM
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    IBM Planning AnalyticsWorkday HCM
    Considered Both Products
    IBM
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    99%
    Would buy again
    128 Answers
    96%
    Would buy again
    68 Answers
    Delivers good value for the price
    97%
    Delivers good value for the price
    114 Answers
    98%
    Delivers good value for the price
    50 Answers
    Happy with the feature set
    97%
    Happy with the feature set
    125 Answers
    93%
    Happy with the feature set
    66 Answers
    Lived up to sales and marketing promises
    97%
    Lived up to sales and marketing promises
    89 Answers
    87%
    Lived up to sales and marketing promises
    26 Answers
    Implementation went as expected
    93%
    Implementation went as expected
    104 Answers
    90%
    Implementation went as expected
    36 Answers
    Features
    IBM Planning AnalyticsWorkday HCM
    BI Standard Reporting
    Comparison of BI Standard Reporting features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    7.6
    116 Ratings
    1% above category average
    Workday Human Capital Management
    -
    Ratings
    Pixel Perfect reports7.6102 Ratings00 Ratings
    Customizable dashboards7.7116 Ratings00 Ratings
    Report Formatting Templates7.5109 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.0
    122 Ratings
    3% above category average
    Workday Human Capital Management
    -
    Ratings
    Drill-down analysis8.5119 Ratings00 Ratings
    Formatting capabilities7.9120 Ratings00 Ratings
    Integration with R or other statistical packages7.992 Ratings00 Ratings
    Report sharing and collaboration7.8118 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.1
    116 Ratings
    2% above category average
    Workday Human Capital Management
    -
    Ratings
    Publish to Web7.9109 Ratings00 Ratings
    Publish to PDF8.2109 Ratings00 Ratings
    Report Versioning8.3106 Ratings00 Ratings
    Report Delivery Scheduling8.298 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    7.5
    117 Ratings
    2% above category average
    Workday Human Capital Management
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)8.1117 Ratings00 Ratings
    Location Analytics / Geographic Visualization7.7109 Ratings00 Ratings
    Predictive Analytics7.8107 Ratings00 Ratings
    Pattern Recognition and Data Mining6.638 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.0
    122 Ratings
    5% below category average
    Workday Human Capital Management
    -
    Ratings
    Multi-User Support (named login)8.1120 Ratings00 Ratings
    Role-Based Security Model7.7121 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)8.0122 Ratings00 Ratings
    Report-Level Access Control7.549 Ratings00 Ratings
    Single Sign-On (SSO)8.4114 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    7.6
    105 Ratings
    3% above category average
    Workday Human Capital Management
    -
    Ratings
    Responsive Design for Web Access7.7102 Ratings00 Ratings
    Mobile Application7.666 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile6.676 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.4
    131 Ratings
    4% above category average
    Workday Human Capital Management
    -
    Ratings
    Long-term financial planning8.0127 Ratings00 Ratings
    Financial budgeting8.4130 Ratings00 Ratings
    Forecasting8.7130 Ratings00 Ratings
    Scenario modeling8.6129 Ratings00 Ratings
    Management reporting8.6129 Ratings00 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.5
    122 Ratings
    9% above category average
    Workday Human Capital Management
    -
    Ratings
    Financial data consolidation9.1118 Ratings00 Ratings
    Journal entries and reports9.2108 Ratings00 Ratings
    Multi-currency management8.5110 Ratings00 Ratings
    Intercompany Eliminations8.4107 Ratings00 Ratings
    Minority Ownership8.6101 Ratings00 Ratings
    Local and consolidated reporting7.8114 Ratings00 Ratings
    Detailed Audit Trails8.1115 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.8
    123 Ratings
    8% above category average
    Workday Human Capital Management
    -
    Ratings
    Financial Statement Reporting8.2119 Ratings00 Ratings
    Management Reporting8.7120 Ratings00 Ratings
    Excel-based Reporting9.4122 Ratings00 Ratings
    Automated board and financial reporting9.1111 Ratings00 Ratings
    XBRL support for regulatory filing8.680 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.4
    125 Ratings
    11% above category average
    Workday Human Capital Management
    -
    Ratings
    Personalized dashboards8.7124 Ratings00 Ratings
    Color-coded scorecards8.4119 Ratings00 Ratings
    KPIs8.1122 Ratings00 Ratings
    Cost and profitability analysis8.2120 Ratings00 Ratings
    Key Performance Indicator setting8.5119 Ratings00 Ratings
    Benchmarking with external data8.590 Ratings00 Ratings
    Integration
    Comparison of Integration features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    8.7
    123 Ratings
    7% above category average
    Workday Human Capital Management
    -
    Ratings
    Flat file integration8.7120 Ratings00 Ratings
    Excel data integration9.0120 Ratings00 Ratings
    Direct links to 3rd-party data sources8.6112 Ratings00 Ratings
    Human Resource Management
    Comparison of Human Resource Management features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    9.0
    100 Ratings
    9% above category average
    Employee demographic data00 Ratings8.985 Ratings
    Employment history00 Ratings8.195 Ratings
    Job profiles and administration00 Ratings8.997 Ratings
    Workflow for transfers, promotions, pay raises, etc.00 Ratings9.092 Ratings
    Organizational charting00 Ratings9.891 Ratings
    Organization and location management00 Ratings9.888 Ratings
    Compliance data (COBRA, OSHA, etc.)00 Ratings8.763 Ratings
    Payroll Management
    Comparison of Payroll Management features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.6
    83 Ratings
    5% above category average
    Pay calculation00 Ratings9.871 Ratings
    Support for external payroll vendors00 Ratings7.259 Ratings
    Off-cycle/On-Demand payment00 Ratings9.021 Ratings
    Benefit plan administration00 Ratings8.966 Ratings
    Direct deposit files00 Ratings9.072 Ratings
    Salary revision and increment management00 Ratings9.069 Ratings
    Reimbursement management00 Ratings7.345 Ratings
    Leave and Attendance Management
    Comparison of Leave and Attendance Management features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.6
    78 Ratings
    4% above category average
    Approval workflow00 Ratings8.977 Ratings
    Balance details00 Ratings8.177 Ratings
    Annual carry-forward and encashment00 Ratings8.963 Ratings
    Employee Self Service
    Comparison of Employee Self Service features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.2
    98 Ratings
    1% below category average
    View and generate pay and benefit information00 Ratings8.187 Ratings
    Update personal information00 Ratings8.196 Ratings
    View company policy documentation00 Ratings7.976 Ratings
    Employee recognition00 Ratings8.959 Ratings
    View job history00 Ratings8.187 Ratings
    Asset Management
    Comparison of Asset Management features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.4
    25 Ratings
    4% above category average
    Tracking of all physical assets00 Ratings8.425 Ratings
    HR Reporting
    Comparison of HR Reporting features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    7.4
    82 Ratings
    3% below category average
    Report builder00 Ratings8.978 Ratings
    Pre-built reports00 Ratings6.280 Ratings
    Ability to combine HR data with external data00 Ratings7.168 Ratings
    Onboarding
    Comparison of Onboarding features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.9
    60 Ratings
    10% above category average
    New hire portal00 Ratings8.955 Ratings
    Manager tracking tools00 Ratings8.956 Ratings
    Performance and Goals
    Comparison of Performance and Goals features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.9
    64 Ratings
    9% above category average
    Corporate goal setting00 Ratings8.954 Ratings
    Individual goal setting00 Ratings8.963 Ratings
    Line-of sight-visibility00 Ratings8.954 Ratings
    Performance tracking00 Ratings8.962 Ratings
    Performance Management
    Comparison of Performance Management features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.1
    67 Ratings
    1% above category average
    Performance plans00 Ratings8.166 Ratings
    Performance improvement plans00 Ratings8.158 Ratings
    Review status tracking00 Ratings8.162 Ratings
    Review reminders00 Ratings8.161 Ratings
    Multiple review frequency00 Ratings8.054 Ratings
    Succession Planning
    Comparison of Succession Planning features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    7.9
    44 Ratings
    0% above category average
    Create succession plans/pools00 Ratings8.038 Ratings
    Candidate ranking00 Ratings7.938 Ratings
    Candidate search00 Ratings8.042 Ratings
    Candidate development00 Ratings7.940 Ratings
    Recruiting / ATS
    Comparison of Recruiting / ATS features of IBM Planning Analytics and Workday Human Capital Management
    Feature
    IBM Planning Analytics
    -
    Ratings
    Workday Human Capital Management
    8.4
    52 Ratings
    6% above category average
    Job Requisition Management00 Ratings8.849 Ratings
    Company Website Posting00 Ratings8.942 Ratings
    Publish to Social Media00 Ratings7.237 Ratings
    Job Search Site Posting00 Ratings8.943 Ratings
    Duplicate Candidate Prevention00 Ratings8.743 Ratings
    Applicant Tracking00 Ratings8.043 Ratings
    Notifications and Alerts00 Ratings8.047 Ratings
    Best Alternatives
    IBM Planning AnalyticsWorkday HCM
    Small Businesses
    No answers on this topic
    UZIO
    Score9.4 out of 10
    Medium-sized Companies
    Centage
    Score9.4 out of 10
    Zoho People
    Score8.6 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score7.2 out of 10
    PeopleStrong
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    IBM Planning AnalyticsWorkday HCM
    Likelihood to Recommend
    8.0
    (132 ratings)
    8.2
    (134 ratings)
    Likelihood to Renew
    9.1
    (5 ratings)
    9.0
    (18 ratings)
    Usability
    7.8
    (69 ratings)
    8.0
    (15 ratings)
    Availability
    -
    (0 ratings)
    6.6
    (8 ratings)
    Performance
    -
    (0 ratings)
    7.3
    (7 ratings)
    Support Rating
    7.3
    (93 ratings)
    8.0
    (27 ratings)
    In-Person Training
    -
    (0 ratings)
    9.6
    (6 ratings)
    Online Training
    -
    (0 ratings)
    7.0
    (7 ratings)
    Implementation Rating
    -
    (0 ratings)
    8.0
    (11 ratings)
    Configurability
    -
    (0 ratings)
    7.5
    (2 ratings)
    Data Sharing and Collaboration
    9.0
    (3 ratings)
    -
    (0 ratings)
    Data Sources
    9.0
    (3 ratings)
    -
    (0 ratings)
    Ease of integration
    -
    (0 ratings)
    8.2
    (1 ratings)
    Product Scalability
    9.1
    (1 ratings)
    7.3
    (1 ratings)
    Vendor post-sale
    -
    (0 ratings)
    7.0
    (1 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    5.0
    (1 ratings)
    User Testimonials
    IBM Planning AnalyticsWorkday HCM
    Likelihood to Recommend
    IBM
    Ideal for large organization with complex multi-dimensional data, large budgets and dedicated administrator support. The performance of the TM1 data base is unmatched. The PAW and PAX options providing planners to work in both Excel and workspace environment. Higher Implementation efforts due to the greenfield implementations. Visualization features are not up to the mark.
    Incentivized
    Read full review
    Workday
    Large organizations with extensive back-office support functions. With that in mind, WD is a great HCM system for mastering and controlling downstream data and providing strong support. Where WD falls short is the front-end user experience. If your intent is for the average Jane/Joe to use the system, you will find them frustrated or disappointed.
    Read full review
    Pros
    IBM
    • 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.
    Incentivized
    Read full review
    Workday
    • I think what it does is not having worked on the side of talent acquisitions. Whenever we have a job interview, for example, you can go right there, you can put in everything in Workday Human Capital Management. If I need to go in and see what a coworker put in or notes all that, I can document everything there in Workday Human Capital Management. I think the other thing that makes it a lot easier is for performance management, goal setting. All these things can be done right there in the platform and it just makes it easier. So to store documents, I can do that. I mean it is like a one-stop shop all in one, so it's excellent.
    Incentivized
    Read full review
    Cons
    IBM
    • 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
    Incentivized
    Read full review
    Workday
    • Should have more option in time sheet like choose project code or something.
    • On The pay page, it should have options to view past salaries; it may be there already but not in the version that I use.
    • The employee information page does not have a back button to navigate to the previous page.
    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
    Workday
    It is work to make one system the source of truth for our data, but now that it is done, there is less work involved in staying on this path. This means for us that maintaining and/or implementing new modules like performance, finance, talent, etc. is simple. It's a no-brainer
    Incentivized
    Read full review
    Usability
    IBM
    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.
    Incentivized
    Read full review
    Workday
    Workday's on a great path in terms of user experience. Their goals is to deliver a use experience that doesn't require training or instruction, like Amazon on the consumer side for example. That's hard to do when you're talking about complex business processes and important and sensitive employee information, but they're doing it well
    Incentivized
    Read full review
    Reliability and Availability
    IBM
    No answers on this topic
    Workday
    In 2014, Workday has changed the update process. There will be two updates a year; the updates will be delivered to customers typically in a 24 hour window during these two weekends a year. They also keep the Community up-to-date about any planned outages, etc. There is weekly scheduled downtime on Friday night.
    Read full review
    Performance
    IBM
    No answers on this topic
    Workday
    From my perspective, the system runs like a well oiled machine and I have not had any issues with customers complaining about speed. If a report is taking long to run, the report can run in the background and you can go about your business. For larger enterprises, there is additional space and machines to process the application in what Workday refers to it as Extended Configuration Tenant
    Read full review
    Support Rating
    IBM
    IBM support has been very quick to respond and handle the very few issues we've had. We've had a third-party who partners with IBM to be our consulting team which has helped greatly reduce the need for us to contact IBM directly. I highly recommend researching and selecting a well-respected partner to help with an implementation as well as ongoing support as needed.
    Incentivized
    Read full review
    Workday
    Workday is still learning about the needs of higher education. I have seen rapid improvement in support and knowledge over the last year so am confident this will continue to improve. Overall however, I have found the Support Team to be extremely responsive and Workday offers the advantage of having support across several timezones so that we never wait more than a few hours for a response.
    Read full review
    In-Person Training
    IBM
    No answers on this topic
    Workday
    Some training is offered online. Cost is per-person. This also gets quite expensive. Training doesn’t follow a logical path A to B. Starts in middle. When you try to do it afterwards at your desk, difficult.
    • Training scenarios are not very real
    Read full review
    Online Training
    IBM
    No answers on this topic
    Workday
    I have done for report writing and mass imports (EIBs). They give materials and you run through examples, i.e. you don’t just watch them do tasks, so that is helpful. Training is expensive – a single reporting writing class is $600 per person for virtual training
    Read full review
    Implementation Rating
    IBM
    No answers on this topic
    Workday
    It was implemented before my joining the company. At my last company, we used Workday professional services.

    Based upon my experience at my last company, I would rate the implementation experience an 8/10. There are different ways to set things up and we had different people telling us different things. It set us back a couple of times.

    Regarding configuration advice, we could set things up where every manager has supervisory organizations, or have it financially based i.e. aligned to cost center/department. We chose the individual manager path and I think we should have chosen a department route. Going down the individual manager path, to maintain the information, we have to inactivate a supervisory org whenever a manager changes/leaves.
    Read full review
    Alternatives Considered
    IBM
    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.
    Incentivized
    Read full review
    Workday
    Workday is an incomplete product, by this I mean it must work alongside other products and does not work by itself. Trying to make several different products work smoothly together becomes very challenging. As compared to ADP products, when purchased all together work very well all together. Also, ADP has extensive Training programs and extensive Customer Support. So ADP's products are far superior to Workday's products in my opinion.
    Incentivized
    Read full review
    Scalability
    IBM
    No answers on this topic
    Workday
    Workday has released Financials and is continuing to develop it's Human Capital Management footprint with the addition of Workday Recruiting. I think customers will find that is easy to add on additional functionality in the system. Workday does make it easy for customers to make changes without relying on IT resources. The Business Process framework is a visual tool that allows functional resources to make changes and see the flow of the transaction
    Read full review
    Return on Investment
    IBM
    • Automate direct data connections to multiple data sources
    • One secured version of the the truth (for data and formulas)
    • Ability to scale to much more detailed planning with option to create predictive forecasts at detail
    • Business user friendly with powerful Excel integration
    • Very flexible and powerful modeling, can handle custom modeling needs at scale
    • Can make the same data available across finance and ops, but at the level of details and timeline that makes sense for them
    Incentivized
    Read full review
    Workday
    • To get the most value out of all possible automation in Workday you really need to use a lot of their modules, otherwise you may not be able to solve for some pretty important and necessary needs.
    • The system maintenance is way more than what I have seen with some other systems and therefore you need a quite large team dedicated to it.
    • The ability to automate a lot of administrative tasks and the ability for employee and manager self-service definitely create a lot of opportunity for HR to spent time and effort elsewhere. A lot of the automation that can be leveraged in Workday also allows for eliminating third party vendors as well as the cost of their maintenance and integrations.
    Incentivized
    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

    Workday HCM Screenshots

    Screenshot of Workday Human Capital Management HomepageScreenshot of Workday Human Capital Management Manager Insights HubScreenshot of Workday Human Capital Management HR Partners HubScreenshot of Workday Human Capital Management Expense AnalysisScreenshot of Workday Human Capital Management Skills DashboardScreenshot of Workday Human Capital Management HR Operations and Compliance Dashboard