IBM Planning Analytics

Score8.3 out of 10

291 Reviews and Ratings

What is IBM Planning Analytics?

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 sophisticated, multidimensional models that drive forecasts.

Categories & Use Cases

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Screenshot of Workflow management

Excel-based Reporting
Ad hoc or formatted reports using MS Excel.
Category average: 8.3
Forecasting
Combining actuals and budgets, rolling forecasts, driver-based models.
Category average: 8.5
Journal entries and reports
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
Category average: 7.7

XBRL support for regulatory filing
Support for the XBRL standard reporting format for exchanging financial data.
Category average: 7.2
Mobile Application
A dedicated app for iOS and/or Android.
Category average: 6.6
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 6.6

Most Frequent Users

Top 3 industries using IBM Planning Analytics.

Based on HG Insights installation data

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#1 most frequent

Professional, Scientific, and Technical Services

15.2%

183 installations of 1,204

“We use IBM Planning Analytics for creating clear budget for our organisation so that we can reach our future goals without much casualities. The software also help us in doing financial forecasts for our business and also it gives a platform to collaborate with different departments by taking their inputs in our upcoming projects so that best utilisation of resources can happen.”
— Design Engineer, Dorto Design Studio

#2 most frequent

Manufacturing

14.5%

175 installations of 1,204

“We use IBM Planning Analytics for our budget planning ,budget forecasting real time analysis and reporting of data across organization.”
— Assistant Manager- IT, Eurofins IT Solutions India Pvt. Ltd (Enterprises)

#3 most frequent

Finance and Insurance

11.1%

134 installations of 1,204

Pros

Advanced forecasting and multi-scenario planning capabilities
Robust budgeting functionalities for various projects
Real-time calculations and near real-time data updates

Cons

Steep learning curve requiring significant time and effort
Complex and extensive initial setup and configuration process
Performance degradation when handling very large or complex datasets

Verified User

Engineer in Engineering (1001-5000 employees employees)

Use Cases and Deployment Scope

we use IBM Planning Analytics to connect our ERP data with our web interface. this helps us to eliminate manual data ingestion and provides real time data which acts as source of truth for our systems.
it provides clear visibility of data that helps us to drive cost and unknown charges.

Pros

sales & operation demand planning
cash flow calculation

Cons

steep learning curve
Improve interfaces in a single rather than fragments

Return on Investment

saves time from manual data processing

Mukhtiyar Ahmed View profile

Assistant Manager- IT in Information Technology at Eurofins IT Solutions India Pvt. Ltd (10,001+ employees employees)

Use Cases and Deployment Scope

We use IBM Planning Analytics for our budget planning ,budget forecasting real time analysis and reporting of data across organization.

The Pax Excel add in helps us to directly interact with the data in the excel without the need of switching different tools.

We also use the TM1 for resources allocation planning and asset management to align with our IT spending and future forecasts.

Pros

Budget planning and budget forecasting
Resource planning for a team with Budget allocations and Asset lifecycle management
Manual reconciliation efforts are not needed

Cons

Requires a lot of time to learn and master it
Advance features are a little complex to understand
If the data set is very big it takes a lot of time to process it hence the performance is slower
Initial upfront cost is high including the license cost
When compared with Power BI the IBM analytics lags behind

Return on Investment

Positive Impact as we are able to forecast the budget for the entire year with significant time saving
All the complex data is can be easily processed and with Excel add in functionality its easier to have all the data in one place which can be used to create Pivot or data visualization.
The date protection protocols are well set up

Other Software Used

BeyondTrust Remote Support, BitTitan MigrationWiz

Varun Kohli View profile

Senior Executive in Information Technology at Vardhman textiles ltd. (10,001+ employees employees)

Use Cases and Deployment Scope

Planning is an integral part of manufacturing business. Planning derives other processes like buying raw material, production acitivities, finishing processes and budgeting. With help of proper planning tool, the activies can be planned and cost involved can be predicted near to accuracy. The tool also helps to analyse the data and represent the information in form of dashboard.

Pros

Budgeting
Anaylsis
Supply chain planning
Forecasting

Cons

Workflow management
Sandboxing
Ease of understand and use Modeling

Return on Investment

Improved Decision Making
Attain operational Efficiency
Cost Effective
Resource Allocation Streamlined

Alternatives Considered

SAP Analytics Cloud, OneStream and Oracle Fusion Cloud ERP

Other Software Used

SAP HANA Cloud, SAP Sales Cloud, SAP S/4HANA Cloud, SAP Business Warehouse

Nikunj Patel

Engineering Manager in Corporate at Amazon (501-1000 employees employees)

Use Cases and Deployment Scope

In our organization, We use IBM Planning Analytics (TM1) for financial consolidation and forecasting at Amazon Devices and Services. Scope covers financial and non-financial metrics, allocations, and modeling.

Pros

Hierarchies
Metadata
Real time calculation

Cons

Orchestration
Scale

Return on Investment

Easy to deploy
Security management

Alternatives Considered

Anaplan

Saurabh Indurkhya

Senior SDM in Engineering at Amazon (10,001+ employees employees)

Use Cases and Deployment Scope

In our organization, We use IBM Planning Analytics to consolidate and generate forecast for Amazon Devices

Pros

Consolidations
Real time calculations
Write back capability

Cons

Orchestration
Tracebility

Return on Investment

For our organization, IBM Planning Analytics is Definite its worth

Alternatives Considered

IBM Cognos Analytics

Workday Adaptive Planning

Anaplan

Jedox

SAP Analytics Cloud

IBM Planning Analytics

What is IBM Planning Analytics?

Categories & Use Cases

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