IBM Planning Analytics with Watson

IBM Planning Analytics with Watson

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Score 8.8 out of 100
Top Rated
IBM Planning Analytics with Watson

Overview

What is IBM Planning Analytics with Watson?

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...
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Recent Reviews

It's PAWtastic!

10 out of 10
November 29, 2022
I am an a PAW/PAfE/TM1 administrator, a TM1 modeler, an IBM Planning Analytics with Watson (IBM PAW) Dashboard creator and provide support …
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How IBM Planning Analytics with Watson Differs From Its Competitors

Scenario Planning and What-If Analysis

Scenario simulation is used in all the implementations I have carried out in the last 10 years. Through the various existing ways of simulating scenarios using the Planning Analytics with Watson platform, it was possible to guarantee my clients the ability to react immediately with pre-defined …
Continue reading

Scenario Planning and What-If Analysis

I think that the what if scenario capacity of IBM Planning Analytics is one of the biggest features of the platform. With just a few clicks we can create a new scenario, make our adjustments, and confront the results with other scenarios to find out with one is more suitable for our day by day …
Continue reading

Scenario Planning and What-If Analysis

IBM Planning Analytics with Watson is used for scenario planning and what-if analysis, however this is not my area of responsibility. I know the manager and team who do use the tool for scenario planning and what-if analysis are very happy with it.
Continue reading

Scenario Planning and What-If Analysis

Scenario planning is critical and one of the things that IBM PA does best. There is the option to leverage the IBM PA sandboxing functionality, which allows users to submit changes to the forecast, assess the impact, and then either chose to commit or remove these edits. This allows for quick …
Continue reading

Scenario Planning and What-If Analysis

I have used many tools like adobe marketo or google data studio for reporting purpose but IBM planning analytics is amazing with Waston as there are many connectors available for us to create models.
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Scenario Planning and What-If Analysis

What-if scenario analysis helps to test alternate model assumptions. It helps me to create more timely, reliable plan that can turn in real time to address changing market demands. It helps in accurate decision making and improves its quality. It helps in analysis and calculation of even the most …
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Scenario Planning and What-If Analysis

IBM Planning Analytics with Watson leveraged a few projects to improve their productivity and also gave us the confidence to do the financial plans and forecasting. Accuracy is the key to this product which anyone can rely on.
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Scenario Planning and What-If Analysis

It is very important for these resources to plan more precisely the impact of the change studied and the creation and implementation of strategic planning. Another important factor is being able to adjust resource allocation and the definition of investment costs according to the impact of the …
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Scenario Planning and What-If Analysis

IBM analytics capabilities are far beyond any normal analytical tools as it allows for multiple scenarios. We get an option what to show for public and what to keep private as per our requirements. Sandbox here plays an vital role in creating personal what-if scenarios before submitting the …
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Scenario Planning and What-If Analysis

Scenario planning is a requirement for the business. IBM Planning Analytics allows for multiple scenarios. It allows for public scenarios that everyone can see and also allows for personal scenarios that only one person can see (called sandboxing). Sandboxes are used to create personal what-if …
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Scenario Planning and What-If Analysis

We have been able to forecast possible scenarios of the market, customer needs, and the economy, and this tool has been super helpful in making sure we make calculated decisions. IBM planning analytics has been guiding us on ways to meet customer needs and expectations, avoid losses, and maximum …
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Scenario Planning and What-If Analysis

Very important as it enables us to help clients make more refined projections of current and future business decisions with high accuracy. What if analysis could be improved in IBM Planning Analytics with Watson and as of now we use this capability less in general. We first need to grasp it better …
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Scenario Planning and What-If Analysis

Planning Analytics can provide all P&L, Balance Sheets, and CashFlow reporting against any number of versions or scenarios. The multi-dimensional nature of Planning Analytics allows dimensions to be shared amongst different cubes. Versions can be generated by users for comparison analysis and …
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Scenario Planning and What-If Analysis

It eliminates the traditional way of spreadsheets for planning and analysis as this tool provides us with accurate and timely forecasting which is beneficial for business development and monitoring.
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Scenario Planning and What-If Analysis

The features help a lot when we speak about planning. It helps in analyzing different paths that the organization can take based on the data we have and determine the projected outcomes and can select the path that is most suitable for the organization
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Scenario Planning and What-If Analysis

The best in planning as the organization has a lot that happens without having planned or budgeted for. It is always good to have a set order on what to do in any unpredictable scenario. Ensures no extra costs are taken to manage any situation. This is very economical.
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Scenario Planning and What-If Analysis

Scenario planning is very important to come up with proper business strategies. IBM Planning Analytics with Watson provides a personal sandbox for the user to try out their different what-if scenarios so that they can analyze and confirm the outcome, before implementing them in the real world. In …
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Scenario Planning and What-If Analysis

We extensively used Scenario planning to understand various situations pertaining to our inventory and free cash flows during the pandemic. It provided us with great insights, analytics and visualization based on our existing data. We were able to make a lot of cost-effective decisions based on …
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Awards

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Popular Features

View all 47 features
  • Forecasting (75)
    9.5
    95%
  • Scenario modeling (74)
    9.5
    95%
  • Financial budgeting (75)
    9.3
    93%
  • Long-term financial planning (74)
    9.2
    92%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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What is IBM Planning Analytics with Watson?

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…

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.ibm.com/products/planning…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt presents what the vendor describes as an optimized budgeting experience that rids users of complex, error-prone spreadsheets…

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Product Demos

Ancestry.com gets a single tool for more effective planning
02:43
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Features Scorecard

BI Standard Reporting

8.6
86%

Ad-hoc Reporting

8.9
89%

Report Output and Scheduling

8.6
86%

Data Discovery and Visualization

8.5
85%

Access Control and Security

9.4
94%

Mobile Capabilities

8.6
86%

Budgeting, Planning, and Forecasting

9.3
93%

Consolidation and Close

9.3
93%

Financial Reporting and Compliance

9.3
93%

Analytics and Reporting

9.4
94%

Integration

9.3
93%
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Product Details

What is IBM Planning Analytics with Watson?

Many small to large organizations rely on error-prone spreadsheets and manual processes for their planning. IBM Planning Analytics with Watson is an AI-infused integrated planning solution that allows users to transcend the limits of manual planning so they can create more accurate plans for FP&A, sales, supply chain and beyond.

With new predictive forecasting capabilities, Planning Analytics with Watson puts the power of algorithmic forecasting in the hands of users — even those without data science skills — for more accurate, consistent, and timely forecasts. This AI-powered planning solution allows businesses to augment human intelligence so that their employees can spend less time manually aggregating data, and more time on analysis and higher-value work.

IBM Planning Analytics with Watson Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Journal entries and reports
  • Supported: Multi-currency management
  • Supported: Intercompany Eliminations
  • Supported: Minority Ownership
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting
  • Supported: XBRL support for regulatory filing

Analytics and Reporting Features

  • Supported: Personalized dashboards
  • Supported: Color-coded scorecards
  • Supported: KPIs
  • Supported: Cost and profitability analysis
  • Supported: Key Performance Indicator setting

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

BI Standard Reporting Features

  • Supported: Pixel Perfect reports
  • Supported: Customizable dashboards
  • Supported: Report Formatting Templates

Ad-hoc Reporting Features

  • Supported: Drill-down analysis
  • Supported: Formatting capabilities
  • Supported: Predictive modeling
  • Supported: Integration with R or other statistical packages
  • Supported: Report sharing and collaboration

Report Output and Scheduling Features

  • Supported: Publish to Web
  • Supported: Publish to PDF
  • Supported: Report Versioning
  • Supported: Report Delivery Scheduling

Data Discovery and Visualization Features

  • Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
  • Supported: Location Analytics / Geographic Visualization
  • Supported: Predictive Analytics
  • Supported: Support for Machine Learning models
  • Supported: Integration with R or other statistical packages

Access Control and Security Features

  • Supported: Multi-User Support (named login)
  • Supported: Role-Based Security Model
  • Supported: Multiple Access Permission Levels (Create, Read, Delete)
  • Supported: Report-Level Access Control
  • Supported: Table-Level Access Control (BI-layer)
  • Supported: Field-Level Access Control (BI-layer)
  • Supported: Single Sign-On (SSO)

Mobile Capabilities Features

  • Supported: Responsive Design for Web Access

IBM Planning Analytics with Watson Video

Learn more about how to implement a more agile financial planning & analysis process: https://ibm.co/2Qbc1AV. Ancestry.com needed to make smarter decisions, faster. So, they turned to IBM Planning Analytics to provide them with a single tool for more effective planning. With...
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IBM Planning Analytics with Watson Competitors

IBM Planning Analytics with Watson Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux, Mac
Mobile ApplicationNo

Frequently Asked Questions

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.

Anaplan, SAP Analytics Cloud, and Workday Adaptive Planning are common alternatives for IBM Planning Analytics with Watson.

Reviewers rate Publish to PDF and Local and consolidated reporting and Detailed Audit Trails highest, with a score of 9.8.

The most common users of IBM Planning Analytics with Watson are from Enterprises (1,001+ employees).
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Comparisons

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Reviews

(1-25 of 81)
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Clean Gontijo | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Reseller
I use the Planning Analytics with Watson platform to consolidate contributions from the various areas of client companies, accelerating the process of collecting and processing the information necessary for each budget cycle. With the application of the Planning Analytics with Watson platform, I can gather all the business rules necessary for the preparation of financial statements in a single repository.
  • Elaboration of several scenarios and the option to adopt them when validated.
  • High-speed data processing.
  • Flexibility to apply business rules.
  • Information search engine for cube data.
  • Mechanism for promoting artifacts from non-productive environments to the productive environment.
  • Documentation generator.
The Planning Analytics with Watson platform is recommended for companies that need to collect information from several areas and/or need to process complex consolidations in large volumes of data. It is a platform that manages to store all business rules in a single repository, in addition to eliminating technology infrastructure costs.
Scenario simulation is used in all the implementations I have carried out in the last 10 years. Through the various existing ways of simulating scenarios using the Planning Analytics with Watson platform, it was possible to guarantee my clients the ability to react immediately with pre-defined measures and pre-evaluated results.
On all occasions that I activated support for the Planning Analytics with Watson platform, I was very well attended. There wasn't even a single problem that wasn't resolved in the expected time. What impresses me the most is the speed in answering calls that directly impact the production environment, as the support team responds immediately.
The Planning Analytics with Watson platform has been improving a lot in terms of usability, but there is still opportunity to improve the end-user experience. It is very common for users who are new to the platform to have difficulty with the concept of cubes, but over time, for those who use it more often, the experience is always very good.
Diego Santos | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Today we use the platform to ensure our budget and forecast projections. The platform helps us, with its robust engine, and what if scenarious capacity, to maintain a constant level end detailed level of data, that is followed by all the team leaders of the company, throwout the year.
We have increased our results and governance on the budget from many consecutive years now.
Our main application calculate the HR budget, revenew and costs.
  • Simulate various scenarios
  • Work with a enormous amount of data
  • great interface for users and API conections
  • In some cases, such as security applications, I prefer to use Architect. I think that PA Workspace still have some room to enable security for users.
For me, IBM Planning Analytics is very well suited for applications that demand a great volume of data, needs various scenarios and simulations results. It is well placed for mid and big companies, that have a decentralysed operation, because every consolidation will remain in just one repository, avoiding multiple sources for the same data.
But I think it is not a solutions that should be placed for clients with just BI needs.
I think that the what if scenario capacity of IBM Planning Analytics is one of the biggest features of the platform. With just a few clicks we can create a new scenario, make our adjustments, and confront the results with other scenarios to find out with one is more suitable for our day by day routine.
IBM Planning Analytics, and the previous version of it, TM1, have a great community with many years of experience. It helps a lot when we have questions or issues that we need to resolve.
The materials and help that IBM provides is very good as well.
the support offered is good in my opinion.
Particularly, I prefer to use Architect and IBM Planning Analytics workspace for my developments. But the platform have other interfaces and connections that the user can have access, like Excel os even performance modeler. It will depend on the user needs and skills to operate the solution. But the commands and functionalities are very intuitive.
November 29, 2022

It's PAWtastic!

Score 10 out of 10
Vetted Review
Verified User
I am an a PAW/PAfE/TM1 administrator, a TM1 modeler, an IBM Planning Analytics with Watson (IBM PAW) Dashboard creator and provide support for all PAW questions and troubleshooting. I love how user friendly the PAW interface is - a big improvement from modeling in Architect!
  • Auto-complete (CTRL+spacebar) functionality in Rules and Process writing
  • Workbench is a MUCH improved user interface than Architect
  • Increased options for creating useful Visualizations on-the-fly
  • Bring back Architect's ability for SYSTEM-recommended "Reorder Dimension" cube optimization
  • Empower Admins to "turn off/hide" Applications & Plans tile from appearing on the home page and within the pop-out menu bar if the organization doesn't want to use it
  • Ability to make an dashboard object's borders thicker (currently only have very thin border options that you can barely see)
  • Lots of improvement needed for the Applications and Plan section to be "useful"
  • Lots of confusion around the 2 save buttons. Users unclear on which one is for book and view. Add wording for clarification. For example, on the left save button add words "Save BOOK" -- "Save BOOK As" and "Save BOOK as template" --- then on right save button do the same adding "Save VIEW to server"
  • Ability for Admins to hide the Forecasting and Sandboxing buttons or disable the functionality
I would recommend TM1 admins, modelers and end-users to start using IBM Planning Analytics with Watson. It's a great improvement from Architect and TM1web! There is a slight learning curve, but I've found new hires to even the most advanced TM1 users are able to pick it up quickly.
IBM Planning Analytics with Watson is used for scenario planning and what-if analysis, however this is not my area of responsibility. I know the manager and team who do use the tool for scenario planning and what-if analysis are very happy with it.
As the Support Manager, sometimes it takes a while to hear a response from IBM Support. Some tickets seemed "lost" or forgotten.
I love the new Carbonized look and feel of the Viewer and Set Editor!
November 29, 2022

Best in class analytics

Score 10 out of 10
Vetted Review
Verified User
We leverage IBM PA internally for revenue forecasting, financial reporting, and resourcing planning. It enables self-service analytics and ensures a single source of truth for data. The platform allows for integration across different business areas to eliminate siloes in planning processes. Our most common implementations are for financial planning and analysis, as well as supply and demand planning. IBM PA has a powerful engine that handles data sparsity very well and is customizable to solve each business' needs accordingly.
  • Financial Reporting
  • Scenario Planning
  • Dashboarding
  • Data integration
  • Improved error messages in log file
  • Automatically create feeders for rules
  • Better server monitoring and alerts
It is most appropriate for enterprise companies; it can handle large volumes of data very well and a large end user base.
It is also appropriate for smaller / medium sized firms, but the price point may not be feasible for these companies. If there was an "express" version or bundle for these firms, I think it could be beneficial.
Scenario planning is critical and one of the things that IBM PA does best. There is the option to leverage the IBM PA sandboxing functionality, which allows users to submit changes to the forecast, assess the impact, and then either chose to commit or remove these edits. This allows for quick what-if analysis. There is also the flexibility to have multiple live versions (budget, forecast, etc.) and to snapshot these live versions to track forecast accuracy over time.
Whenever I have needed support from IBM, the response is prompt. They are knowledgeable in the product and able to quickly resolve the issue at hand.
It is very intuitive and well documented; there are many online resources available to help troubleshoot or to learn new ways to do things.
Jason Andrea | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
IBM planning analytic has come in handy in my organisation in the following ways;In the area of planning it helps in the setting of key Performance Indicators, and analysis of costs and profits.In the area of financial reporting it's helps in giving financial statements and automated based board reporting.in the area of consolidation features it helps in establishment of financial features and identification of minority owners whiting the organisation and also helps in the are of budget planning in terms of forecasting future organisation moves.


  • In analysis particularly in giving key performance indicators,giving analysis on costs and profits and helping in setting KPIs
  • In budget, planning and forecasting it helps in forecasting itself,reporting on management and financial budgeting.
  • In consolidation and close features it helps in establishment of financial data, identification of minority ownership and coming up with detailed audit trails
  • In financial reporting it helps in coming up with proper financial reports,in management reporting and excel based reporting
  • IBM planning analytic can be improved by addition of more AI features
  • On the area of budget and forecasting it require in depth documentation support which can be cumbersome
  • On the area of automated planning and forecasting the fact that it is automated closes the ends for improvement making it rigid
As we are aware that analysis is critical in daily running of organisations and IBM analytics by Watson makes this less cumbersome, particularly its ability to use actual data from a wide range of sources and analysis thereof helps ease setting of KPIs and calculation of costs and profits.
IBM analytics by Watson is best suited where new users are deployed and it's automation helps in eradication of human errors
Its ability to allow for analysis helps organisations prepare for future eventualities hence make the right choices.
However some cons go without saying especially on the many features that IBM analytics by Watson can be confusing especially to new users
The other area is in the cost of acquisition removes it from the list of affordable options.

The what if analysis allows organisations to come up with different model probabilities and with such we can better prepare for any eventualities good ones or bad ones.
I find the IBM analytics by Watson support very responsive and have been go at this when need arises which means twenty four hour a day throughout the year.
I find IBM analytics by Watson easy to use especially for people who have skills in both financial and data fields,however for people who are relatively new at this might find it tricky
Score 8 out of 10
Vetted Review
Verified User
This solution saves our time and money by eliminating the need of planning business manually. Truly speaking that business planning should be fast, straightforward, and continuous, and in order to meet these expectations, this solution comes in handy.

Its AI-based features overcome the limits of manual planning. Basically, we have a lot of business data in our ecosystem and we divide our business plan into categories to generate more accurate results.

So with IBM Planning Analytics solution allows us to do so on one single platform where we can manage things with accuracy, and without delay. Also, we can forecast the data to accelerate decision-making in the future.
  • This solution allows to break down the business ideas so we can create more accurate plans for FP&A (Financial Planning & Analysis), sales, and supply chain
  • Data Forecasting improves the decision-making for future.
  • Seamlessly deployable on premises.
  • It could be improved more by adding additional AI features.
This solution is well suited for large businesses where trillions of data are generated every day.
It solves the problem of organizing the heavy data in a structured manner so that it becomes easy to understand and manage things in less time.
Because it literally meets most of our expectations.
As I said it meets most of our requirements when it comes to the business planinng.
Score 10 out of 10
Vetted Review
Verified User
IBM Planning Analytics with Watson can handle large model of dataset and provide strong data analysis capabilities, it also helps us to create perfect report with lots of data visualization elements that makes impactful reports. In a simple words it's a robust software that gives us the power of forecasting.
  • Budgeting and forecasting
  • Data Visualization
  • Require in-depth documentation and support
We are using IBM Planning Analytics with Watson to gets more relevant and strong insight of data to make better understand and clear decision. It provides us enhanced excel functions to to get better insight.
I have used many tools like adobe marketo or google data studio for reporting purpose but IBM planning analytics is amazing with Waston as there are many connectors available for us to create models.
Because of IBM panning analytics features. As this tool has everything from reporting to data modeling and forecasting.
Mostly all things can be reused once setup
Shivam Sharma | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
As a operational user, it helps me to customized user interface that helps to evaluates and solve the actual problem. We can test different business scenarios and evaluate the impact it has on different actions. It also has a option of intelligent queries that allows quicks analysis and report creation based on business terms.
  • It enables multidimensional of large and historical data sets.
  • It has a good design that offers wide range of garphics such as images, chart and shapes.
  • It helps to build models that integrates any business driver into plan and budget.
  • Automation is good but can be further improved.
  • it should integrate multiple products so the ease of use can be improved.
  • There is some area of improvement in AI intelligence to provide more accurate suggestions.
It specifically helps in predictive forecasting by using statistical and predictive analytics to identify and access the trends. It also reduces the time required for forecast so that I can focus on process optimization. The algorithms assess all the values and applies the best possible algorithm that have more accuracy and less errors. Based on the experience it helps in both individual and organizational level.
What-if scenario analysis helps to test alternate model assumptions. It helps me to create more timely, reliable plan that can turn in real time to address changing market demands. It helps in accurate decision making and improves its quality. It helps in analysis and calculation of even the most demanding scenarios models.
It has many unique features like it provides users to analyze data from multidimensional models in Microsoft excel format. It also supports fast and what-if scenario modelling. Visual scorecards and dashboards helps to monitor key performance indicator with ease. It also provide unified web and mobile experience that helps to achieve the productivity.
It is very easy to use for analytics even for a new users. This not only automates the manual task to accelerate it but also provides new insight based on our data. IBM analytics for excel has full excel functionality and formatting including build in functions so we can work in a familiar excel interface while enjoying all modern planning and solutions.
Sunil Lidoria | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
IBM Planning Analytics with Watson was implemented for one particular project team which was working on a project for one company. With the implementation, we streamlined their financial loads and managed to reduce the manual work.
  • Streamline the Financial work.
  • Integration for other work area and planning.
  • Automation with different streams.
  • Managed to create the consolidated view of overall performance.
  • Integration can be more improved.
  • It has already accuracy so do not find anything on this aspect.
IBM Planning Analytics with Watson gave us the confidence to us to improve the financial plans and leverage forecast planning, and also manage to view the performance and integration.
IBM Planning Analytics with Watson leveraged a few projects to improve their productivity and also gave us the confidence to do the financial plans and forecasting. Accuracy is the key to this product which anyone can rely on.
This product is very unique in terms of its accuracy and trust in the reports.
Overall experience is very nice with the different projects implemented.
Vinicius Di Giacomo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
The tool met the need to collect and integrate data from various sources to provide intelligent, automated reports with modern graphical components that allow a dynamic and effective study of the business. In its application, the sales team brought a macro and strategic view of performance in reading indicators and their metrics, the data processing capacity allows to effectively adjust any deviation of planning and performance. With a deeper interpretation of the data, it was possible to create more specific strategies and more qualified management.
  • Dashboard
  • Integration with Excel
  • Projection of results scenarios
  • Business intelligence
  • Subscription cost
  • More training videos
  • Bugs
It is a robust tool with a scalable capacity to meet high levels of data volume according to the requirement of business, its application in management sectors is very valuable due to the ability to analyze and produce accurate, centralized, organized reports with high-quality graphics components. I believe that the tool more efficiently meets the chains of command to produce guidance to operational teams in the application of planning, metrics of indicators, and definition of goals.
It is very important for these resources to plan more precisely the impact of the change studied and the creation and implementation of strategic planning. Another important factor is being able to adjust resource allocation and the definition of investment costs according to the impact of the result that the tool provides in its projections.
At times the support was not efficient in the desired time, but most of the time it met expectations and the service offered was enlightening and constructive allowing in addition to solving problems to provide a greater knowledge of the tool. The rear guard professionals are attentive and demonstrate to have great dominance.
The tool gained more intelligence and efficiency in compiling and modeling scenarios based on data collection from multiple sources. In addition to providing a better-improved report visualization with a centralized, structured dashboard, able to provide a greater understanding of measured and managed information. These capabilities can set more appropriate and specific goals for the company and team.
Score 9 out of 10
Vetted Review
Verified User
This software is an AI based analytics software and is of great help for me when it comes to meet out financial goals or have a perfect accuracy on forecasting for upcoming triggered events. It also has a very interactive dashboard which is super easy to use and handle all tasks from one screen. I have so far experienced that it can handle large amount of data volumes without a bit of compromise in performance.
  • Handling large data volumes
  • Gets Easily integrated with large ERP system or say APIs
  • Best for Financial Forecasting and planning
  • Easy to use dashboard
  • More training videos and PDFs for making it easier to use quickly
  • Little costlier
  • Access rights between TM1 & PAW should improve
Its well suited for any type of forecasting and planning requirements and also to maintain an accurate record of huge amount of Data flow automatically. It is also the fastest software i have experienced in implementing changes.It can be easily customized as per specific needs. User flow and UI is also good
IBM analytics capabilities are far beyond any normal analytical tools as it allows for multiple scenarios. We get an option what to show for public and what to keep private as per our requirements. Sandbox here plays an vital role in creating personal what-if scenarios before submitting the results for any particular plan
IBM provides customer support opting various methods including direct interaction with IBM support agents (in personnel), a shared knowledge base, community forum etc.
IBM Planning Analytics is a powerful tool and is easy to use in day to day working. With its fast processing capability it can be customized to perform any type of calculations. User interface is easy for the end users to navigate. Report output scheduling is also good. It is mobile friendly as well and can be easily access through mobile devices.
Petr Sládek | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Mostly for financial planning use cases in controlling departments. However IBM Planning Analytics with Watson is quite flexible for planning in other domains such as Sales, Cost planning and allocation or emission planning and optimization.
  • Flexibility
  • Visualisation
  • Business Rules
  • Versioning
  • Weak built-in workflow
  • Notifications
Great for various use cases where company wants to customize model/process/workflow to its needs. Other products usually won't provide such room for modification of out-of-the-box features. You can experience difficulties if your planning use case requires to plan on item level (employees, investments).
Build-in sandbox feature with limited usability. However you can build your own what-if and simulation module to fit your needs.
There is space for improvements. Its probably price given for high flexibility of the product.
High flexibility makes it very usable for various use cases.
Bhupendra Berdia . | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Reseller
Company was struggling in financial reporting, operational KPI’s and budgeting through manual process due to complexity of parking business. Required some dynamic solution to provide financial and operational information quickly and linked with live database.• By using IBM Planning Analytics we: 1. Automated updates from source system 2. Ability to analyze performance of Enforcement Officers / Drivers and measure productivity Analyze financial and non-financial KPIs- CN data, Fines, Tows, Storage etc. 3. Interlinked Financial Reporting with an adaptive and dynamic budgeting model 4. Created a 5 Year plan for revenue and costs, including flexibility to include new business and adjust the model to changing market conditions 5. Dashboard for Management reporting
  • Integrated operational & financial planning
  • What if Analysis and compare between sandboxes
  • Score carding
  • Attribute comparison
  • Dashboard
  • Planning Analytics for excel
  • Access rights between TM1 & PAW
  • direct upload excel to PAW
Integrated planning, Excel based planning, Bulk upload data and analysis
Very important to compare various scenerios
Best comprehensive planning tool
Very useful
Score 8 out of 10
Vetted Review
Verified User
We were looking for a tool to make sales forecasts and a centralized solution to collect consultant time sheets to forecast and monitor billable resources. The solution must be able to manage multi hierarchies architecture and real-time simulation
  • Data collection and Excel interface
  • Real time simulation and forecasting
  • large data volume of data calculation
  • Reporting capabilities
  • Report Bursting
Planning Analytics is the perfect solution for financial and operational reporting, forecasting, and planning needs. With its engine, we have been able to design the business rules that we needed and were able to make them evolve to keep them up to date.
Scenario planning is key in order to monitor the activity
IBM and the partner is very responsive
Very happy with the product
Score 10 out of 10
Vetted Review
Verified User
IBM Planning Analytics is used as an overall planning and reporting tool. It includes summarized modules associated with financial reporting (income statement, balance sheet, and cash flow) and detailed modules associated with revenue (by customer), staff planning (by person), and capital planning (by asset). It also includes allocations, eliminations and currency analyses. Overall, the model is used to help automate tasks associated with planning, budgeting, forecasting, reporting and analysis.
  • Fast processing.
  • Ad-hoc analysis.
  • Complex calculations - nothing that it cannot do.
  • Web interface.
  • Ability to store complex calcs means training is required.
Well suited - if you are looking for a fast and solid engine, if you have complex requirements, if you don't want to change your business process to fit into a box, if you need a tool that can provide fast calculations and fast answers. Not well suited - if you are looking for a "quick-hit" tool or if you are looking for a cheap "fit into the box" approach.
Scenario planning is a requirement for the business. IBM Planning Analytics allows for multiple scenarios. It allows for public scenarios that everyone can see and also allows for personal scenarios that only one person can see (called sandboxing). Sandboxes are used to create personal what-if scenarios before submitting the results to the overall plan.
IBM provides a solid support base. This includes direct interaction with IBM personnel (via the IBM site), a shared knowledge base (sometimes found using Google), a large customer base (which includes many chat boards), and a large consulting base (which includes many blogs ... both technical and business oriented). Sometimes the support is slower than expected, but it's generally solid.
Planning Analytics is a powerful tool that is easy for end users. The engine is extremely fast and can be customized to perform any type of calculations: financial or metric, detailed or consolidated, live or on demand, etc. We have used the system for basic calculations such as revenue (units * price), moderate calculations such as compensation (spread a salary across months based on the number of working days in the month), and complex calculations such as allocations (spread the administrative costs to IT and then do a secondary spread of the IT costs based on the number of employees in each department). All of the interfaces are easy for the end users to navigate and use due to simple buttons, icons and right-click options.
Score 9 out of 10
Vetted Review
Verified User
Using it for analyzing accounts and managing finances. This application has helped us in our organization to optimize our insights. Its powerful visualization has helped in decision-making and predicting our future business investment.
  • For automated planning budgeting
  • For analyzing data
  • Documentation can be improved
  • Other things are good for me
It is pretty helpful for [budget] planning. Also, it helps us in visualizing our business insights and how [they] can be improved. Better planning due to this software helps us to avoid any unnecessary risks.
We can see the impact of our particular decision before implementing them because of this software. We are also using it for our future business plans.
Because it has helped us to increase our profits. Also, customer support is quite good.
It has some great features and capabilities.
sandra roberts | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We have been using IBM planning analytics for a couple of years now, and I can boldly say it's an excellent tool when it comes to planning and forecasting business processes. we are able to collaborate and integrate plans across all departments, therefore, providing us with one data source for real-time data analysis, forecasting, and budgeting.
  • Provides automated planning process hence less manual work.
  • Has great excel add-in
  • Scalability
  • The installation process was a bit tedious.expecially with Docker -based workspace.
  • There are very few tutorial on hands-on practice.
  • After-sale customer should be improved. Since we had a hard time getting help on time.
I would recommend this tool to business that needs a system that can collaborate and integrate all data across the business hence providing real-time data view, across the business. Also, this tool is able to handle large data without hassle or slowing down.it also has a drag and drop features making our work easier.
We have been able to forecast possible scenarios of the market, customer needs, and the economy, and this tool has been super helpful in making sure we make calculated decisions. IBM planning analytics has been guiding us on ways to meet customer needs and expectations, avoid losses, and maximum profits
The software is very easy to use and flexible expecially when creating models for the business needs across the business.
Amazing usability expecially when intergrating with excel.
End user friendly and a functional dashboard.
Score 7 out of 10
Vetted Review
Verified User
IBM Planning Analytics I believe is quite versatile and enables us to build streamlined yet elaborate solutions. It has enabled us to support clients in visualising their dates on a more day-to-day basis certainly. I was impressed by how much data can be digested within the tool without issue.
  • Assists in consolidating data
  • Able to work faster thanks to its processing power
  • Quite user friendly for such an app
  • Modularity for some elements
  • Ability to respond to needs of small clients
  • Price point
The tool is well suited when interacting with technically driven clients who appreciate the value of data and its insights. However, for some clients, stakeholders who are more narrative-driven and less number focused it seems there might be a case to enhance visualisation from this perspective (presentation not just reduced to graphs, etc).
Very important as it enables us to help clients make more refined projections of current and future business decisions with high accuracy. What if analysis could be improved in IBM Planning Analytics with Watson and as of now we use this capability less in general. We first need to grasp it better in Excel before and then can we only focus on IBM Planning Analytics with Watson.
It's a solid tool with a lot of potential. The last two grades would be for IBM to listen more to user req. and act in consequence. Learning from how users operate the tool directly could help in enhancing it. Eg. Business case scenario as opposed to just 'test this function' type of learning.
Again, some room for improvement here. Some competitors are really improving on this front and IBM must not lag behind. This will make a real difference. Overall the tool is quite intuitive and with a bit of practice works well for the mind. A more modern look would not harm.
Score 10 out of 10
Vetted Review
Verified User
Planning Analytics with Watson has used a modeling tool for both financial and non-financial metrics. It allows for rapid data analysis, scenario modeling, and "what-if" capabilities which are key to an organization's budgeting, forecasting, and reporting functions. It overcomes the issues of complex models built in Excel spreadsheets, disparate data sources, and lack of governance and control.
  • Easy to use - users are able to plan, create, and analyze content in a highly graphical and visual way
  • Speed - Fast data loading and real time on demand calculations
  • Powerful modelling capabilities to suit any business
  • Additional visualisation capabilities
  • Additional export capabilities to Microsoft Office suite such as PowerPoint and Word
Planning Analytics with Watson is suited to any organization which is facing difficulties in analyzing data to prepare budgets, forecasts, or actual reporting. With new predictive forecasting capabilities, it puts the power of algorithmic forecasting in the hands of users for more accurate, consistent, and timely forecasts. It has a simple web-based experience for fast performance and agile real-time decision-making. This is valuable for organizations that continue to plan in manual spreadsheets, which lack governance and are overly complex.
Planning Analytics can provide all P&L, Balance Sheets, and CashFlow reporting against any number of versions or scenarios. The multi-dimensional nature of Planning Analytics allows dimensions to be shared amongst different cubes. Versions can be generated by users for comparison analysis and deleted when no longer required while publishing or saving the best fit-for-purpose result. This allows iterative what-if scenario modeling to be run and compared and then used as the basis for the next round of scenario analysis.
IBM community groups, user forums, help desk, and extensive network of business partners ensure that support is readily available.
With a feature-rich web-based interface known as PAW – Planning Analytics Workspace, users are able to plan, create, and analyze content in a highly graphical and visual way facilitating consumption of data and information in a manner suitable for the audience. The drag and drop features, inherent within the platform allow the users to design and build interactive visualizations and dashboards from the data. As a result, the solution is easy to get started with, making the adoption of the platform pretty seamless. The created content can then be shared with others within or outside of the business as an organization's security framework allows.
Score 9 out of 10
Vetted Review
Verified User
IBM Planning Analytics is really flexible and we are able to develop really complex solutions. The top-down and bottom-up planning procedure features really help to visualize data for analysis purposes directly from live mode. It helps to improve business project agility. It can handle a large amount of data and is really a great tool for analysis. We can integrate with multiple data sources, even outside of IBM tools.
  • Helps in customizing and consolidating data.
  • Increase productivity due to high speed.
  • No web browser support.
  • Price is little bit high for small organizations to afford.
Great tool for planning and budgeting. It helps in reporting and these can be accessed from anywhere since it uses cloud services. Highly capable of handling huge data with high speed. Turbo integration tool(ETL) has no debugging tool provided, which makes debugging very difficult for users. 5.user interface can be improved which is very useful
It eliminates the traditional way of spreadsheets for planning and analysis as this tool provides us with accurate and timely forecasting which is beneficial for business development and monitoring.
IBM provides us with pretty good customer support within a small period of time.
Overall it serves it the purpose of planning and data analytics
Score 9 out of 10
Vetted Review
Verified User
The IBM Planning Analytics is a very user-friendly interface and provides features like integration with excel and the web interface proved to be useful to our planning and budgeting processes. It is also very helpful compared to the previously used manual process. The workspace is also providing or updating with new features to the users.
  • predictions are almost as close to expected
  • provides great functionality
  • has high ROI
  • Difficult to use without training
  • High cost
  • No clear explanation of features
It is a very useful budgeting and planning process. It helps in visualizing our business needs or requirements and how they can be improved. Since the use of IBM Planning Analytics, it helps in avoiding unnecessary risks or losses. It also uses artificial intelligence and does not require any prior experience in any programming.
The features help a lot when we speak about planning. It helps in analyzing different paths that the organization can take based on the data we have and determine the projected outcomes and can select the path that is most suitable for the organization
The IBM Planning Analytics is a very good tool for visualizing and also very easy to use
The IBM Planning Analytics has every features that are known to me so i say it is one of the best tool
Paresh Tupade | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
IBM Planning Analytics has made financial planning very well manageable. Came in very well to solve business in terms of data collection and management. Planning on budget levels is quite an extensive mode. We also use it very well for better organization of the organization well in forecasting.
  • Making data collection and data analysis very intuitive
  • Beautiful reports created for easy use later
  • Prediction and planning is what it does on perfection
  • I can't say there are changes needed it is working as designed to.
I haven't heard anyone not recommending IBM Planning Analytics. The order of the name says it all, it is well designed for planning and analysis of data and finances in accounting. It enables [the] collection of data from very many sources all-inclusive [and] gives a very detailed, accurate report.
The best in planning as the organization has a lot that happens without having planned or budgeted for. It is always good to have a set order on what to do in any unpredictable scenario. Ensures no extra costs are taken to manage any situation. This is very economical.
Its overall support is 100% as long as you first follow the given guidelines on every feature and where to install it. The systems we used to plug in were not selective, they worked very well for us. Though it may not work well on all windows. It is not expensive to deploy.
The features happen to be direct and easy to flow. The tool is well customized and very integrative and this is one reason for easy usability. [It] also has different designs to shift to and makes it even more unique so every result produced by it is great. On reporting it's very detailed but well defined on every single entity.
Score 8 out of 10
Vetted Review
Verified User
We’ve seen many small to medium organizations still relying on spreadsheets and other manual processes for their business planning needs. They must understand that the businesses need to stay up to date on their planning and analysis strategies to overcome market challenges. IBM Planning Analytics with Watson is an all-inclusive, integrated planning solution that allows users to go beyond the limits of manual planning. With [the] IBM Planning toolkit, we can quickly do more accurate planning and forecasting for different departments of the organization to accelerate decision making and increase performances and stay up to speed with the modern business culture.
  • [I appreciate the] ability to work with the same Excel functionality we’re familiar with while having the power of an enterprise planning solution.
  • We can change the number of users of the system or increase data volumes and planning models anytime without reducing the overall performance of the system.
  • We can test our assumptions and see the impact of our decisions by creating personal sandboxes before releasing them to the system.
  • [The] initial setup could be simplified and customer support could be improved.
  • [There is a] pretty wide learning curve for the newcomers and official documentation is hard to understand for them.
  • Programming knowledge is important to work with the system and the user community support is very limited.
Most importantly, IBM Planning Analytics with Watson helps your business to grow in many ways. It increases the overall efficiency of the departments and improves the decision-making process. Even if the user doesn’t come from a BI background or doesn’t have data science skills, they still can make use of the system to get [the] most accurate and consistent forecasts.
Scenario planning is very important to come up with proper business strategies. IBM Planning Analytics with Watson provides a personal sandbox for the user to try out their different what-if scenarios so that they can analyze and confirm the outcome, before implementing them in the real world. In this way, users can make sure that they implement the most feasible solution by using their superior modeling capabilities as well as solution flexibility.
I would say IBM Planning Analytics with Watson is one of the best analytics tools available in the market right now. Initial setup is [a] bit [difficult], but users can use their Excel knowledge to use most of the features. Because of the limited resources and community support, people always look for IBM support, but, unfortunately, their response time is very slow.
Like I said before, they need to improve on their documentation and add more tutorials to help new users but other than that, I don't find any difficulties in terms of the usability of the overall system. I would say this is more ideal for individuals, small organizations, or subsection planning of large organizations.
Score 9 out of 10
Vetted Review
Verified User
I use IBM Planning Analytics with Watson in two different organizations to analyze accounts and manage finances with predictive and analytic intelligence capabilities. IBM Planning Analytics with Watson helped me successfully integrate financial and operational plans across our firm.
  • IBM Planning Analytics with Watson eradicated error-prone spreadsheets and manual procedures when undertaking corporate planning processes.
  • With IBM Planning Analytics with Watson, it is effective to make on-the-moment determinations, pivot in real-time, and improve performance with AI-Infused capabilities.
  • IBM Planning Analytics with Watson has accelerated the planning, forecasting, and budgeting processes hence always getting a clear view of our financial standing in real-time.
  • For IBM Planning Analytics with Watson to offer robust BI tools that can suit all the needs for all types [of] organizations, it requires to be integrated with external business intelligence tools such as Microsoft BI.
As Senior Account Executive, I have gained a lot with IBM Planning Analytics with Watson when carrying out financial analysis. It has infused predictive insights, AI, and advanced analytics which allows me to present dynamic and accurate budgets, forecasts, and plans rapidly to [the] Chief Account Officer.
This CPM tool [helps] in maximizing resources when planning by allocating models that can be reused. Scenario planning has helped us to predict future outcomes, with the help of predictive insights hence allowing us to make data-driven determinations.
IBM PAW support team was helpful in each stage of implementation. They offered tutorials in terms of videos and whitepapers whenever we needed [them]. We acquired help through phone calls, which was effective [in] dealing one-on-one with an expert.
IBM Planning Analytics with Watson is a vital and useful tool for improving business planning. During initial setup, it can be hectic to use, but once you get used to it, it offers the best results when carrying out corporate performance management such as financial reporting and data visualization.
Score 8 out of 10
Vetted Review
Verified User
Using it for Business Planning with this application increases my efficiency in time and cost perspective and [also helps] me in forecasting the mean management efforts.
  • Integration to streamline my Plans over different LOBs[.]
  • Increase efficiency in Cost and Time Perspective[.]
  • Helps me in forecasting my team efforts and management[.]
  • Difficult to Integrate with other applications[.]
  • Require expertise in deployment[.]
  • Support should be better and also expensive to implement[.]
Using it for Project planning, financial forecasting in different LOBs of my project. Functionalities available are very time efficient but the Deployment and integration.
It's important for my forecasting for resourcing and financial, also for my reporting module to the senior management which [requires] well planned and placed [the] report of forecasting.
Support is good but can be improved.
Usability is good and [has] good functionalities to [fulfill] the end result but there [is] some shortfall which can be improved.
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