IBM Planning Analytics with Watson

IBM Planning Analytics with Watson

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IBM Planning Analytics with Watson

Overview

Reviews

Great Analytics Tool

8
Using it for analyzing accounts and managing finances. This application has helped us in our organization to optimize our insights. Its …
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Popular Features

View all 48 features

Long-term financial planning (61)

8.5
85%

Financial budgeting (62)

8.3
83%

Forecasting (62)

8.3
83%

Multiple Access Permission Levels (Create, Read, Delete) (61)

8.1
81%

Reviewer Pros & Cons

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Pricing

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Unavailable

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…

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Microsoft Power BI is a visualization and data discovery tool from Microsoft. It allows users to convert data into visuals and graphics, visually explore and analyze data, collaborate on interactive dashboards and reports, and scale across their organization with built-in governance and security.

What is IBM Cognos Analytics with Watson?

IBM Cognos is a full-featured business intelligence suite by IBM, designed for larger deployments. It comprises Query Studio, Reporting Studio, Analysis Studio and Event Studio, and Cognos Administration along with tools for Microsoft Office integration, full-text search, and dashboards.

Features Scorecard

BI Standard Reporting

7.7
77%

Ad-hoc Reporting

7.9
79%

Report Output and Scheduling

8.0
80%

Data Discovery and Visualization

7.9
79%

Access Control and Security

8.3
83%

Mobile Capabilities

7.9
79%

Budgeting, Planning, and Forecasting

8.3
83%

Consolidation and Close

8.0
80%

Financial Reporting and Compliance

8.2
82%

Analytics

8.0
80%

Integration

8.1
81%

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 Competitors

IBM Planning Analytics with Watson Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

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Frequently Asked Questions

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 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.

What is IBM Planning Analytics with Watson's best feature?

Reviewers rate Long-term financial planning highest, with a score of 8.5.

Who uses IBM Planning Analytics with Watson?

The most common users of IBM Planning Analytics with Watson are from Enterprises and the Unknown industry.

Reviews

(1-25 of 165)
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Sandeep Talukda | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Data planning with great ways to collect data performs a clear analysis. For different planning it is the best more reliable in the financial tasks. This is where accuracy is needed to have a clear report of the business finances. With this in order it is easy to have a budget to work with.
  • Clear forecasting and predictions that are always as expected or close to that.
  • Budget planning for better accounting of finances.
  • Data exportation from even live sources making sure everything is audited for.
  • Make the tool much easy to use on cloud not complicated as it is.
  • Provide some learning on the updated features.
Recommended for its performance. It is one software that never fails you. Totally rely on it for our daily analysis of finance management and data analysis. Has swift data modeling channels which are very friendly and more automatic over robotic automation. Every need to budget and make a forecast on what to expect later is great. The process engine works perfectly too.
The way forward to oversee the short comes of the budget plan of the forecast made. It is a scenario expected in case the expectations are not met. This helps buy time [to] come together in teams agree and discuss on the expectations and provide ways forward if at all it's not working as planned.
Well during the installation process so much is needed on resources and features subscription. One thing is for sure is it doesn't work well if not well supported. Has to be on specific dashboards to properly function. Goes for a cost that is worth on [a] big organization that handles large data. Though well when supported on your system it is a walk in the park.
The users need to be advised before using. It does not just go through that first. Has specific ways to use in order to avoid bugs or data loss bearing in mind it handles very delicate data. If well used it is the simplest I have ever seen. Its usability is not that bad
Score 9 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
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.
Hayley Lincon | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We deploy this application for an account analysis. Business planning. Business planning helps in handling work schedule financial expectations and what budget to work on. With this, it is easy to identify what business or project is doing quite well and what needs improvement. Integrates well with software for data analysis.
  • Budget planning and forecasting this goes in hand with business modeling.
  • Data analysis, data input and data planning.
  • Great functionality with easy access on cloud or on premise.
  • Should improve on customer support.
  • Less detailed instructions on how to install it
  • Subscription fee minimized but it's worth the cost.
Perfect in large enterprises that require a lot of business planning. Where many projects are in order with the need to budget and plan on them. Great in business intelligence modeling and forecasting on future expectations. Helps in taxation based on the business outcomes. For small enterprises, this would be a very expensive application.
Helps in working on the budget given and delivering on time. Makes it easy to maximize resources given and minimize wastage. Also giving an alternative to ensure no matter what the target must be complete without extra costs.
In case of anything, their customer help desk is available at all times. Never fails for all business planning and it is pocket friendly. The best of all its alternatives with detailed report creation and easily customizable.
It's accurate, timely and helps over going the manual way. Makes forecasting easy and working on budget possible for better business returns.
Hogan Taylor | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
This is the most powerful platform that we depend on in our organization to optimize our insights. It is the basic tool that keeps all programs in our organization running. Data that integrates into our systems passes through different tools to test its suitability for planning and decision making. We have been able to synchronize all our planning events and across all departments for the purpose of performance improvement.
  • Provision of continuous planning tools.
  • Streamlining workflows and planning.
  • I have not identified any room of improvement.
  • The functionality and performance are powerful always.
I can totally recommend this platform to any growing business enterprise. It gives effective accountability of financial management that is used to budget for all programs. It has been able to break down our business units into smaller manageable silos that promote faster service delivery and improve task implementation processes. Prediction of future performance enables us to make great achievable plans and avoid any risks.
It has enabled us to streamline all planning programs. The budgeting of our entire organization's financial gains gives us the right direction of allocating funds to various projects. Analytics on performance that we get enables us to plan effectively based on the end results and risk occurrence. Response to market events enables us to plan so that we can meet customers' demands and increase sales.
The overall support of IBM has been very effective throughout the deployment journey. They have always been available 24/7 giving our implementation team the best support they require. They give video links that have the best lessons on effective requirements and full implementation processes. I can say that this is the best customer support team I have come across since we deployed this platform.
The overall usability has been good from the time we purchased it. It has enabled our teams to build a reliable future through planning. It has supported all the data volumes that we depend on and given enough security to our cloud servers. It has been simple to integrate this product with other reliable ERPs that we depend on to run our programs.
Gabrielle Conley | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
The platform has been very helpful across our entire organization. Our teams have been able to implement tasks from a central location, running our programs smoothly. The user interface is easily customizable, enabling my team to design new models that fit our operations. Reporting and planning based on the data we get have been effective since we deployed this tool.
  • Collaboration and planning
  • Management of all workflows across our organization
Coordination of workflows across our company has been very effective. The budgeting of our resources has been very effective. We are able to predict and take solutions to future challenges that may arise from our programs. Our data can easily be integrated and sorted effectively for better planning and decision-making.
Our planning has been based on budgeting that takes place effectively. Each department works on data available and how their programs can take place with the available resources. Forecasting enables our teams to work with goals that are achieved within a set period of time. Better planning enables our workforce team to avoid unnecessary risks.
The support team has been [helpful] since the deployment process and has been very supportive. Our teams have been able to get information on effective implementation. We get updates from time to time on new changes that take place and necessary plans that we can undertake. The learning curve has been well integrated into our teams with minimal cost.
The general usability has been very effective across our departments since we deployed this platform. Reporting has been taking place well and the complete reports give us clear channels of data planning. There is a great infrastructure for designing new models that enables our teams to check on laid down tasks and come up with solutions for effective holding.
Alaia Johnstone | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
I'm very grateful for how I use IBM Planning Analytics with Watson to automate planning, budgeting, and forecasting of workflows. With this solution, it's simple to drive higher sales performance. This solution enables ease to accelerate decision-making process. It's also simple to customize this solution to match all our organization's needs.
  • Shortens sales cycle.
  • Delivers deeper sales planning and analysis.
  • Ease to create accurate sales plans and forecasts.
  • Useful with streamlining sales management process.
  • Delivers high Returns On Investment.
  • All manual planning and analysis for sales operations can be eliminated in real-time with this solution through automation and this leaves me with absolutely nothing to highlight as a drawback.
  • I find this solution to be fully-featured and functional hence no room for improvement at the meeting.
IBM Planning Analytics with Watson is the most ideal solution that any organization needs to automate and streamline planning, budgeting, and forecasting of various business operations and workflows. This solution also offers great analytics and reporting capabilities. It's very secure thus protects business data.
This solution is very reliable in carrying our predictive data analysis. With this solution, it's possible to perform what-if analysis thus ease of exploring various business scenarios and areas that need changes.
IBM Planning Analytics with Watson provides 24/7/365 technical support services and is very responsive.
It's as simple to evaluate, implement, deploy, and get started with this solution. Again the features of this solution are simple to use, navigate and understand.
Paresh Tupade | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
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.
Tricia Cunningham | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
This tool helps to solve planning and reporting problems. It's a reliable tool for financial and operational performance management. It's simple to build data visualization with this tool.
  • Enables ease to discover and explore business data
  • Enables ease of accurate data entry
  • Simple to create data reports with this tool
  • Budget planning is more effective with this tool
  • I haven't encountered any problem with IBM Planning Analytics with Watson so far as it achieves all my needs.
It's a recommendable tool for financial planning and financial budgeting hence a must to have.
It's now possible to explore and test scenarios and assumptions to see the impact of our [organization's] finance.
Anytime that I encounter problems with IBM Planning Analytics with Watson, I can quickly contact the customer support team and all our problems are fixed quickly.
There is nothing complicated with this tool hence easy to use and understand.
Score 8 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
When it comes to planning and budgeting, IBM Planning Analytics eliminate human errors by offering AI-Infused integrated planning features. With digital forecasting and planning analytics, we get great insights that helps us prepare to respond and plan for unseen business possibilities/outcomes. In addition, thanks to automation and AI features, even people with no data science training can use IBM Planning Analytics effectively. By analyzing data from multiple sources, the software gives more accurate insights and financial reports which come in handy when making business decisions.
  • IBM Planning Analytics is an easy to use to tool thanks to AI and automation features
  • Accepts data from different sources
  • Accurate and actionable insights
  • Planning and budgeting is easy
  • It is not a cheap option for business
For the best insights on budgeting and planning, you can never go wrong with IBM Planning Analytics. It is easy to use and accepts data from multiple sources for better financial reports. It makes it easy for any business to make sound decisions.
Scenario planning keeps the business prepared to handle future business outcomes. This is important to us as we already have solution to face future business outcomes that may ruin or make our business.
The support team is great. Never had issues with them.
With the AI and automation features, even people with no experience can understand and make good use of IBM Planning Analytics with Watson
Score 9 out of 10
Vetted Review
Verified User
Review Source
We have IBM Planning Analytics with Watson deployed in our finance and accounting department and this is where I work. We mainly use this software for our company budgeting and planning needs. The software is also great when it comes to forecasting, analytics, and financial reporting. With this software and by taking advantage of financial reporting and analytics features, we are able to make sound business decisions.
  • The software makes planning and budgeting easy
  • I like that IBM Planning Analytics with Watson offers multiple features that makes handling different aspects of finance and accounting easy
  • The software offers some automation features making budgeting and planning easy
  • Creating or generating professional financial reports is easy with IBM Planning Analytics with Watson.
  • IBM Planning Analytics with Watson is not easy to use and one needs prior knowledge or a lot of training
  • One needs to have some programming knowledge to benefit from this product
When it comes to financial planning, budgeting, forecasting, and reporting, there is no better tool than IBM Planning Analytics with Watson. The software offers great features and most businesses will benefit from its capabilities.
Scenario planning makes it easy for the business to remain vigilant and prepared in case of the unseen. In case something happens, we know what to do because we already have a plan.
The support is amazing. I have contacted them severally and they are very helpful.
IBM Planning Analytics is not easy to use. It requires some training and comes background in coding to fully exploit the potential of this tool. But overall, it offers great features that are very helpful.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We used IBM PAW for the planning and analysis of Sales ROI, Financial Planning, Budgeting and Forecasting. It helped us to make better business decisions regarding our current and future investments. We also used PAW for inventory planning and forecasting, which helped us to reduce a lot of inventory costs and improve our ROI.
  • Natural language processing.
  • Predictive analytics.
  • Financial planning.
  • Documentation and tutorials.
  • Pricing.
  • Speed of implementation.
It is best suited for budgeting and forecasting process because of strong predictive and analytical capabilities. It also integrates well with other tools and hence provide great flexibility. You should definitely consider IBM PAW if you want to make data-driven decisions in your organization. It is less suited for SMEs and startups because of higher pricing.
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 the predictive analytics provided by IBM PAW.
We had a great experience with IBM's support as each stage of the implementation. What we liked the most was the consistency of support throughout the process. They maintained high responsiveness during the evaluation phase as well as post-implementation.
IBM PAW is an extremely useful tool for business planning. The usage might be a little difficult initially because it has a steep learning curve, however, once you get used to it, it can help you make data-driven decisions and save a lot of overhead costs.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Planning and budgeting are critical when it comes to running a business and IBM Planning Analytics with Watson makes the whole process easy. It makes good use of real data from multiple sources and will analyze and give financial reports which also helps in decision making. In addition, this software eradicates human errors as it is an AI-powered planning platform.
  • Using IBM Planning Analytics with Watson is easy even for new users.
  • The software is AI-powered and comes with automation features and therefore eliminates chances of human error.
  • The software is resourceful - it offers many features.
  • The what is analysis helps the business be ready for all eventualities and know how to respond.
  • IBM Planning Analytics with Watson is not an affordable option to many business.
  • The many features can sometimes be confusing.
For planning, budgeting, forecasting, and financial reports, IBM Planning Analytics with Watson is the best software you can get. Therefore, if your business needs some of these, then you will benefit greatly by using this tool.
We have utilized the what-if analysis to model different business outcomes and using the insights, we are better prepared as a business to face future incidences both positive and negative.
For the few times I have engaged with the support team, I can say they are responsive and very professional.
For people with data science and financial analytics experience/skills, the software is easy. However, new users will have problems and require some form of training to understand the software.
January 03, 2022

Great Analytics Tool

Score 8 out of 10
Vetted Review
Verified User
Review Source
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.
Score 10 out of 10
Vetted Review
Verified User
Review Source
IBM Planning Analytics is a dedicated application, which facilitates the overall operations of our business, based on the research and marketing evaluations conducted. The software facilitates our management team with ideas to negotiate on costs and production expenses, for fair product or service pricing. The software requires no coding or IT background expertise to run it, but it ensures proper analysis is done for effective forecasting and resource budgeting. Finally, IBM Planning Analytics works in almost all departments, and there is a collaboration of activities, which ensures there are sales and revenue predictions.
  • With IBM Planning Analytics, creating sales forecasts is possible, and this guides on the production costs to incur.
  • Furthermore, IBM Planning Analytics has automation, which reduces the budgeting time and the work load of the management team.
  • Furthermore, IBM Planning Analytics issues extensive and professional analysis, to every situation in a company setting for supported growth.
  • The interface of IBM Planning Analytics should be more updated, to suit the modern designs.
  • The support agents are quite slow, more so in some states and they delay the operations of the software.
  • [In my experience] Some IBM Planning Analytics versions fail to easily integrate with some programs like excel.
IBM Planning Analytics is the right forecasting software, which ensures the process of budgeting is effectively done. Also, IBM Planning Analytics is perfect for preparing financial reports, transactional analysis, and data management. For computations and complex calculations, IBM Planning Analytics is a program that has made our work easier and through automation, there is accuracy in doing data processing.
IBM Planning Analytics understands the importance of stable and scalable growth, and that is why it foresees any scenario and gives solutions towards it. One, the program ensures we don't make huge losses when some eventualities happen. Also, IBM Planning Analytics issues us with different planning parameters, which ensures the risks connected with some of the scenarios are mitigated.
IBM Planning Analytics has a friendly, knowledgeable, and listening help desk and support group. They are readily accessible, through live chat, or even through email. Also, IBM Planning Analytics has documentation and guides, that gifts new users on how to execute the software. The orientation and the constant updates also provide users with knowledge of executing the program.
IBM Planning Analytics performances the entire delegated roles with planning, data analytics, budgeting, and others. There is communication support from IBM Planning Analytics. The data storage safety measures are fully employed, and the required online documentation is done. Finally, the financial support from the program, starting with sales projections and cost analysis is excellent and consolidated.
Umair Butt | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
My organization is using IBM Planning Analytics with Watson for business performance management. We have applied collaborative planning, forecasting, and budgeting solutions using this incredible software. We have a special and unique department in our company who is working with this software and now they are creating more accurate plans for sales and growth of the business. According to this department, we never faced any critical problems.
  • You can rapidly create accurate plans for the sales and supply chain.
  • This can reduce the budgeting and forecasting time.
  • The platform offers robust analysis and professional reporting tools.
  • The setup is bit difficult for the beginners. You need some technical skills then you can setup.
  • You have to wait while files are processing, but once it completes then it's fine.
  • Security setup is also a bit difficult and complex for the beginners.
IBM Planning Analytics with Watson puts the algorithmic forecasting power in the hands of its users. So more accurate and timely forecasts are too much easy when you use this platform. If you want to save time and cost both in your business, even then it's incredibly amazing and useful for you. According to my user experience in each scenario, it's best and professional.
Scenario planning is definitely important for our business. Now we can see the impact of our business decisions before making or implementing them. These solid planning and reporting solutions have been proved so phenomenal for our business. These comprehensive analytics has enabled our sales team to bring and drive more incredible results.
I have given this rating because I really understand the features and options of this incredible software. Whenever I want to learn something about this platform, I can see a lot of articles available on different websites. I have saved a lot of time and cost in my business. I have applied the best statistical models to the survey data using this amazing platform.
Because all features and options are really easy to understand and use. We can manage the financial and accounting aspects of various operations and departments. These can be multiple projects from a single and unique location. Generating and preparing reports with IBM Planning Analytics with Watson is so easy. We can view and track the pertinent metrics easily.
Score 9 out of 10
Vetted Review
Verified User
Review Source
IBM Planning Analytics with Watson is used in selected business units in our organization. It has allowed us to create budgets and forecasts in real-time. Also, it is easy to analyze profitability by product and region via multidimensional models.
  • It is easy to develop multidimensional models that help to analyze profitability by region and product.
  • Creation of reliable plans, budgeting and forecasting.
  • They have few reporting templates; they should add more.
IBM Planning Analytics with Watson best suits every business unit once customized well. The budgeting process has been standardized and streamlined by this software. Our planning process is up and running 24/7.
We are able to make informed decisions by creating AI based systems that enhances business planning through IBM Planning Analytics with Watson.
IBM Planning Analytics with Watson not only focuses on planning and analytics but also helps to automate accounting procedures such as budgeting and forecasting, which is rare on other related programs.
It is easy to implement and use with minimal supervision from the Vendor Success Team or inhouse support team and the vendor offers free customer services.
Ali Kazempour | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
This platform has enabled us to cover all costs in our negotiations for pricing products and services, including production, HR, salaries and benefits, logistics, transportation, hidden fees, personnel insurance, and everything else which exists or may occur in the future during the project implementation period in our pricing to declare the best negotiation and pricing in the competitive market to maximize profits. IBM Planning Analytics does not require any background information on programming and the science of data processing and analysis, and all reports are transparent and logical and save the life and costs of the organization. Analyzes, processes, and provides valuable information and charts about sales, profits, human resources, value growth, and everything marine managers of their organizations and companies want to know.
  • Technical and business data, full customer information, and sales forecast for design best strategy.
  • Digital transformations, business intelligence, predictive analytics apps, smart business charts, all in one platform.
  • Accelerate tasks with the use of artificial intelligence and NLP.
  • Dashboard and graphic design needs to be a bit more modern and support services.
  • Support services in all countries are not responsive at all hours.
  • They are constantly changing their name and rebranding, which is a bit complicated to introduce the software to our customers. Imagine Windows changing its name regularly! See this: “ IBM Planning Analytics powered by TM1 (formerly IBM Cognos TM1, formerly Applix TM1, formerly Sniper TM/1).
Using the IBM Planning Analytics platform in addition to saving time and money, will make your business smarter and show you the future of the trading market. Before you lose money, it warns you to stop producing in a specific geographical area or increase production elsewhere. All this is the middle of the artificial intelligence used in this platform. does not require any background information on programming and the science of data processing and analysis, and all reports are transparent and logical and save the life and costs of the organization.
Matching different data from sales, product production, service distribution, human resources, geographical areas, sales representatives, salaries, production and service costs, shipping and any information you want to transfer to the board platform will surprise you. Will strike. Using IBM Planning Analytics platform, in addition to saving time and money, will make your business smarter and show you the future of the trading market. Before you lose, it warns you to stop producing in a specific geographical area or increase production elsewhere. All this is the middle of the artificial intelligence used in this platform.
Support is satisfactory, but sometimes due to the fact that customers are in other geographical areas, service and response time is not fast sometimes.
As a well-known Business Performance Management platform, it has good features and has fulfilled its commercial and advertising promises well and is very efficient and provides good reports and results in its work.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Since implementation, we have only been using this software in the financial department. We mainly use the software for most of our budgeting planning, forecasting, reporting and analytics. The software also aids when it comes to decision-making.
  • It is a flexible platform.
  • The software automated planning, budgeting, and forecasting.
  • It easily creates professional reports.
  • Integrates well with other IBM products such as SPSS and many others.
  • While the support is knowledgeable, they take time to respond to queries.
  • This tool requires a lot of training to master all the features and make the best out of it.
  • Requires some coding knowledge which may disadvantage some users.
I highly recommend IBM Planning Analytics with Watson for its very resourceful. It is capable of handling many functions including budgeting, forecasting, analytics, planning, and most importantly, it automated these processes. In addition, integration is also easy.
This feature helps so much when it comes to planning and also optimization in different scenarios.With this feature, we can establish planning parameters based on certain metrics and optimize outcomes of either projects if team players.
The support is knowledgeable when handling queries. However, they take ages to respond to customer queries
Well, this software is very useful thanks to its many features and capabilities.
February 19, 2021

Great Tool

Score 9 out of 10
Vetted Review
Verified User
Review Source
Currently, Analytics is used across the university for forecasting, trending, future planning, and current statistics for enrollment, retention, and graduation. We have the initiative to develop and deploy new modernized dashboards to further support a tech-forward campus culture change through the use of data. Data-driven decisions are also on the roadmap and strategic plan to ensure decisions are made with data.
  • Analytics
  • Forecasting
  • Dashboards
  • Ease of use
  • Visual content
Analytics is a great tool for supporting campus initiatives. Multiple departments have been able to learn and utilize the analytics tools to create and publish their own reports and run scheduled reports for compliance and mandatory reporting.
This is feature is important to the university in where it has significantly assisted in decision making for optional routes to take based on data and projected outcomes.
I gave analytics this rating for the features, ease of use, and the ability to utilize the what-if scenarios. It has been a great tool for the university thus far.
Its overall usability is one of the key reasons why we decided to move away from Cognos BI. It is less complicated to use and end-user can more effectively and efficiently use the tool with training and little interaction with IT.
Christopher Thomas | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Currently, IBM Planning Analytics is still in its infancy stages within the organization. It is not heavily used due to a lack of knowledge and training. Planning Analytics is used for basic reporting right now. Training is the biggest problem we are addressing right now. Skillsets that have the analytic mindset need to be hired to support Analytics more efficiently.
  • Budget Planning
  • Retention Forecasting
  • Basic Reporting
  • User Friendly Interface
  • Ease of Use
  • Analytics FAQs Updated more frequently
This is a great tool, but the user interface could be easier to navigate. I've been using the tool in our test environment to pull data from our backend data tables and this process has been proven to be a pretty easy process. Still building some dashboards to develop a decision-based process based on the data presented.
Our organization has been able to utilize scenario planning to start looking at different paths or directions that we can take and what the projected outcomes would be based on the data collected and organized into the scenarios. It has also [been] beneficial [in] determining campaigns and marketing strategies. This has been a great tool so far.
Support has been easy to work with, knowledgeable about the product, and always timely in assisting to resolve issues. Whenever I have called in, emailed, or submitted a request online, the Customer Support Team responded fairly quickly and was typically able to resolve my request within a day. If not they would communicate with me each step of the support process.
IBM Planning Analytics's usability for the most part was pretty straightforward, but there were a few areas where it wasn't the easiest tool to navigate. Connecting to backend data sources proved to be a little difficult but with some support from Customer Service, I was able to get past that. The data sets and aligning them with the tool wasn't a clean process either. Overall I gave it a nine because it was fairly easy to use.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We are using IBM Planning Analytics to create profitability models and analyze data. Even the most complicated plans budgets, forecasts are easily created and analyzed using the robust planning and analysis capabilities that IBM offers. We can easily collaborate on plans, budgets, and forecasts. It is also easy to develop data entry screens for multiple sub-budgets, consolidating their results, and running simply to highly complex calculations.
  • The user interface is attractive and user-friendly.
  • Flexible and Scalable . It accommodates all types of budget and size of companies.
  • Great automated visualizations and real time data access.
  • The version we have doesn't integrate well with Excel as macros have to be to be updated in order for it to work.
[IBM Planning Analytics] is suitable for all kinds of industries and well suited for developing data entry screens for multiple sub-budgets, consolidating their results, and running highly complex calculations.
The what-if analysis has enabled us to test the effects of our decisions before implementing them which has helped us make informed decisions and drive our business into better results.
In general, the IBM support team was helpful in providing solutions to our problems. I would recommend contacting the support team if need be.
The user interface is user friendly and the drag and drop tools helped in saving time for us when developing models and visualize them.
Score 10 out of 10
Vetted Review
Verified User
Review Source
It is used for budget planning, forecasting, and re-forecasting and in the preparation of required government reporting. Used by the Financial Reporting Department.
  • Dimensional data modeling.
  • Exceptional ability to drill down and into data.
  • Can be used for any data analytics application, not just limited to finance!
  • Back end administration, re: installation can be, shall we say, an arduous journey?
  • The alternate hierarchies within dimension containers are nice and have tremendous promise, but is just not quite there for full-blown usage.
Excellent for any application, financial or otherwise, where the ability to dissect and analyze data is important. Is not a good fit for a transactional system, like converting one's accounts payable system to it. I.e., do not use it for accounts payable, but to analyze the spending and transactions of the accounts payable system/dept/etc.
Critical.
Could be better at listening and/or having more interaction to understand the problems reported. We have a bit too much back and forth getting points across to support and achieving their understanding of the problem when an actual conversation would illuminate the issue quicker and more fully.
Like a lot of things, it can be sold as usable right out of the box! Anyone can do it! Anyone can. But for major/enterprise-level applications, an expert application and system architect for Planning Analytics can make all the difference in the world. It is like putting a 16 year old cheerleader and a Formula One driver in a Ferrari: which one is going to win the race?
Lacie Baumgartner | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
I have implemented this solution across multiple industries such as manufacturing, education, energy, and retail. I have seen this solution be used by the Finance department for budgeting and forecasting but then integrated into other departments throughout the company, such as Sales or Operations for analytics and other uses. Highly customizable for the client's needs.
  • Customizable to your needs.
  • Ability to deploy to many users and one version of truth instead of multiple files.
  • Integrates with Excel.
  • Automates tasks and calculations to allow users to focus on results rather than data integrity.
  • Small learning curve with tool.
  • So many options with the tool that could be confusing where to begin.
  • Integration with certain source systems.
Highly customizable so Planning Analytics can be suited for not just planning and budgeting but any use cases where analytics are needed. Integrates with Cognos Analytics well and can be used for inputs for reports. Dashboarding and books within Workspace take analytics to a new level. Similar to compiling books in Excel, but easier to share with other users. Scenario planning is top-notch within this tool.
Scenario planning is very important and Planning Analytics is able to tackle many scenarios as business needs. Planning Analytics supports a continuous time-dimension so users are able to plan as far out as they would like to across many scenarios. The tool is highly customizable so certain scenarios can be planned, reported, and/or analyzed at either a high or detailed level.
Highly responsive, especially if you're a cloud customer.
IBM keeps improving on usability and is responsive to enhancement requests from clients.