IBM Planning Analytics Reviews

12 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.4 out of 100

Do you work for this company? Manage this listing

Overall Rating

Reviewer's Company Size

Last Updated

By Topic

Industry

Department

Experience

Job Type

Role

Reviews (1-10 of 10)

Jared Koepp profile photo
Score 9 out of 10
Vetted Review
Verified User
Review Source
We currently use IBM Planning Analytics for financial and sales budgeting and forecasting. We use it to calculate our complex allocation methodology to see a budgeted and forecasted P&L during our budget season. We also load actual results to have comparability during the budget season as well as after. We're currently working on building consolidations within IBM Planning Analytics to broaden our analytics capability as well as streamline our business. Some of our sales groups within our organization use IBM Planning Analytics for sales reporting since it has robust security and customized reports which can be accessed from the web. We also incorporate the detailed sales budget which is constructed within IBM Planning Analytics.
  • Security: IBM PA has a robust security model which allows for very detailed security.
  • Speed: IBM PA can calculate complex formulas quickly to allow for faster analysis.
  • Dashboarding: IBM PA dashboarding is minimal compared to other products on the market.
  • Bursting: Allowing reports or dashboards to be automatically sent out via email.
Suited for:
  • Need for customization
  • Complex formulas
  • Large amount of data
  • Security is a priority
  • Cloud-based
  • Data entry
  • Budgeting/Forecasting
Less Appropriate:
  • Basic sales reporting
  • Dashboarding
  • Non-complex business which can be done via Excel
Read Jared Koepp's full review
No photo available
Score 7 out of 10
Vetted Review
Verified User
Review Source
IBM Planning Analytics powered by TM1 is used by the Finance Department for budgeting, forecasting & planning to a 10 year horizon. It is also used in the planning & quality analytics area to look at sales targets & revenues based on industry data & past sales results.

It consolidates what would normally be a time consuming & manual process to extract data out of the Oracle ERP into spreadsheets for month-end reporting, forecasts & budgeting.
  • Ability to extract & report data at a very granular level.
  • Scenario analysis by changing data & seeing what the overall impact is.
  • Would like IBM to ensure the Cloud experience is as stable as the on-premise version.
  • More direct IBM involvement to resolve system & environment issues & informing the customer directly rather than through 3rd party support providers who may not be able to.
Recommended for its ability to build multiple cubes for data capture & reporting (e.g. management month-end, workforce, capital & cashflow).
Read this authenticated review
No photo available
Score 9 out of 10
Vetted Review
Reseller
Review Source
Used and loved by our clients: we are an enterprise performance management expert and have been consulting, implementing and supporting IBM Planning Analytics for some time now. Our clients use it for various use-cases like, basic planning, budgeting, allocations, and chargebacks which tend to get pretty complicated for multi-geography, multi-BU conglomerates. Whats is unique is that IBM Planning Analytics is a platform that lays a solid foundation for not just the Office of Finance, but the Enterprise in all. Whether HR, Operations, Sales, Marketing, Manufacturing or Supply Chain, IBM Planning Analytics has use-cases to offer which in turn helps the organization drive integrated planning, where all stakeholders involved, can see clearly into the future and make informed decisions.
  • Integrated planning
  • Best in class & fastest in-memory technology
  • Better integration within IBM software stack like Cognos Analytics.
  • Prioritization of key deliverables from product teams & sticking to declared timelines.
Best suited for Office of Finance use cases like, basic Planning, budgeting, allocations, and chargebacks which tend to get pretty complicated for multi-geography, multi-BU conglomerates. Best suited for Integrated planning where different departments like HR, Operations, Sales, Marketing, Manufacturing or Supply Chain get together to build business scenario models and/or explore new business opportunities/threats. Not best suited where use-cases are primarily visualization and the client is after "pixel-perfect" reports or dashboards.
Read this authenticated review
Amin Mohammed profile photo
Score 10 out of 10
Vetted Review
Reseller
Review Source
It is being used at my client site for reporting the gross margin for the entire organization which otherwise was done in offline Excel spreadsheets.
  • Managed services - IT no longer has to worry about managing the infrastructure - including adding or removing disc space, RAM, upgrades, authorizations, and security, etc. It's all being managed by IBM that proactively monitors the environments and sends regular updates and alerts to keep the client informed of key events.
  • Product upgrades and fixes - IBM owns the complete responsibility to ensure timely upgrades are taking place and fixes are applied to keep the product up to date ensuring the clients are able to leverage the best of the product as soon as it's available. This also includes taking the backups and restoring it when requested with a very proactive Ops team who diligently monitors the emails and responds and addresses the requests 24/7, even at very short notices.
  • Mobility - WIth applications on the cloud, it becomes very convenient for clients to access the reports from anywhere, anytime and from any device that supports the internet without having to be within the corporate network.
  • Losing all the control over the environment and depending on Cloud Ops for performing even small tasks - flexibility needs to be added as to where some ownership can be shared between the client and Cloud Ops.
  • Limitations on logging in to the RDP where no more than 2 users can log in at the same time (I understand this is more of a Microsoft issue - however, a middle path or a workaround must be provided to address the issue at hand).
  • Setting up the ADFS security for the application is still a bit of a process to go through - this can be streamlined a bit.
It's well suited for the clients who heavily use it during a certain time of the year (like the budgeting period) and once it is locked down, the usage decreases as it helps in ramping up and down the resources and licenses based on the requirement.
It's also suited for:

-Where clients are planning to move from CapEx to Opex business model for longer capital gains.
-Where managing the infrastructure has become more complex.
-Where they want to be able to be up to the speed with the latest advancements in the PA space.
Read Amin Mohammed's full review
No photo available
Score 8 out of 10
Vetted Review
Verified User
Review Source
My company's finance team leverages IBM Planning Analytics for budgeting, forecasting and analysis. I am the budget owner for one of the larger cost centers and hence interact with the tool during planning cycles. The tool is being heavily used by finance and moderately used by different business units across the company.
  • Robust computing capabilities
  • Single-source-of truth for actuals and forecast
  • Capable of handling large data sets
  • Empowers analysts to spend more time analyzing
  • Great Excel integration
  • User interface could be more modern and intuitive
  • Better capability to brand the tool to fit your company's aesthetic
  • Built in / out of the box stock-based-compensation modeling
  • More colors and fonts for visualizations
IBM Planning Analytics is great if you want to add an incredible amount of horsepower to your analytics team. Capable of handling huge data sets with vast computing power, IBM Planning Analytics really enabled our company to mature our forecasting, budgeting and analytics capabilities. It also has a great Excel integration which helps cultivate user adoption as folks are familiar with that tool.
Read this authenticated review
No photo available
Score 10 out of 10
Vetted Review
Verified User
Review Source
Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it best-of-breed when it comes to implementation flexibility. For example, with Cognos TM1 is an in-memory OLAP data structure so data access is quick which helps out when it comes budgeting season and your FI application is getting hammered. All the while you can have one data solution that pulls data together with data from Hyperion Planning (Oracle) and Microsoft Dynamics (MM) into the same system as part of a financial consolidation project.
  • Cognos TM1 is great for planning, both workforce and financial, as it allows for complex hierarchies to be built and maintained via automated routines and simple scripts.
  • Cognos TM1 ability to directly connect to an external system and extract data allows you to roll your own ETL processes and keep the bottleneck (that is IT) out of your financial consolidation project.
  • Cognos TM1 has the ability to be both cloud based and fully on-premise which is of great for institutions that are cloud adverse and want an alternative Adaptive Analytics.
  • The memory and core management of Cognos TM1 could be improved to make system administrators happier.
  • It could be cheaper on PVU basis or licenses could be more flexible to the needs of finance.
  • The user community for Cognos TM1 is not lead by IBM, but instead the users/developers themselves. I think IBM could improve this somewhat by organizing things a bit better.
Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great asset during month-end or year-end closing. The speed at which it can be updated and reflect GL changes for reporting makes it well suited for PL and BL reporting. For example, when it comes budgeting season and your FI application is getting hammered a speedy application makes your user base happy. However, Cognos TM1 is not well suited for reporting when you have to store a lot of granular data, think retail transaction level stuff, as Cognos TM1 is an OLAP data structure rather than relational.
Read this authenticated review
Christopher Redmond profile photo
Score 9 out of 10
Vetted Review
Reseller
Review Source
Internally, at BPM NW Cognos TM1 is used for financial performance management including budgeting, planning, forecasting as well as operational reporting of balance sheet, P & L and Cash Flow analysis. The financial forecasting is partly driven by a second TM1 application which predicts sales pipeline and consulting revenue activities.

Externally, BPM NW offers ten individuals with nearly 70 years of combined TM1 development experience using IBM and industry standard best practices in a wide variety of industries including healthcare, retail, banking, hospitality, transportation, manufacturing, government and many others. These applications are often developed in conjunction with IBM Cognos BI report development and/or Data Warehouse development.
  • TM1 is tremendously more flexible than the competitor products due to its ability to calculate real-time.
  • Hierarchy changes are instantly available to take advantage of the real-time calculation. No pre-consolidations needed!
  • Native write-back capability allows for simple, integrated budgeting, forecasting and what-if analysis.
  • IBM is constantly improving the product and integrating with new products like Cognos BI, SPSS and is now beginning to integrate it with Watson Analytics.
  • New cloud versions of TM1 are now providing some really great web-based tools to simplify and streamline the presentation development and strengthen the self-service reporting, analytics and what-if analysis capacity.
  • The ETL tool (Turbo Integrator) is very powerful, but a bit clunky: It has no debugging tool provided and doesn't even offer a simple Find function. As a result, many developers use Notepad++ with a Language template to assist in development.
  • Cube rules are an extremely powerful tool that is hard to match in the industry. The problem here is similar to TI, there is no debugging tool available, though the Rules Editor at least provides a Find/Replace function.
  • The relatively new Performance Modeler (PM) has some nice features and can be a nice tool as a replacement for Turbo Integrator (TI) and Rules. The problem is that once you develop with PM, you cannot go back to TI or the Rules Editor and you cannot "tweek" the PM code to improve performance or allow for exceptions or special circumstances that the PM interface does not handle.
TM1 is first and foremost an analytical tool which lends itself very well to budgeting, forecasting, what-if analysis and model design flexibility.

Often times, users not familiar with analytical concepts view the tool as little more than another data source to extract data into MS Excel or MS Access to "rotate the cube". What they fail to realize is that TM1 is already a cube environment with Excel interfaces available as well as report publishing on the web and other capabilities.
Read Christopher Redmond's full review
David Chen profile photo
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Performance is amazing because of it's in-memory OLAP engine.
  • With a little experience, it's a great rapid deployment platform that can model just about any business process.
  • It is actually quite scalable considering the amount of RAM that can be installed on servers nowadays.
  • Easy to setup and migrate to a new environment.
  • It lacks a pretty user interface.
  • Learning curve can be high for non-technical person.
  • Getting data out of the system could be easier.
Software may not be cheap but a cheaper version (IBM Cognos Express) is out there if you don't have that many users.
Read David Chen's full review
No photo available
Score 8 out of 10
Vetted Review
Verified User
Review Source
IBM Cognos TM1 has been used by the overseas operations in Latin America (8 countries + the regional office in Miami) for which I am responsible. At the corporate level, it has been also used by the European, Asian and International head office in Philadelphia.

The business problems it addresses include: performance issues, not easy to manage the security access, hard work to make changes and or enhancements (the processes scripts are very sensitive and it could incur in errors).
  • Unique data base
  • Most of the calculations are in real time
  • The dimensions can be easily moved to customize the views
  • The calculations are consistent acrros the application
  • The expense allocation process is very effective
  • Security access
  • Automate processes (some of them have to have user intervention to get the real time results)
  • Performance
  • More user friendly to upload data
The what if scenarios feature is not fully appropriate to get a complete P&L result. The copy process for Versions and Scenarios is not 100% reliable. The key questions are in regards to the real time information, high performance with a big sized data base and processes, user friendly, easy maintenance.
Read this authenticated review
No photo available
February 01, 2015

TM1

Score 10 out of 10
Vetted Review
Verified User
Review Source
I currently work for a company that provides TM1 services to a wide range of companies. We are involved in installation, development, upgrades, designing reports any and everything related to TM1. It is what we specialize in as a company. TM1 is the most flexible and efficient platform I have worked with. The speed at which it can perform on the fly computations is unbelievable.
  • Flexible OLAP engine that can report on multiple data dimensions.
  • Ability to perform what if analysis using on the fly calculation speed.
  • Can handle large amounts of data and report on various views within cubes.
  • TM1 web has bugs in formatting.
  • No text editor provided for Rules.
  • Not able to compare multiple user sand boxes for planning analysis.
IBM Cognos TM! is primarily is used for budgeting and planning because of it's speed and flexibility.
Read this authenticated review

Feature Scorecard Summary

Pixel Perfect reports (3)
6.2
Customizable dashboards (4)
6.2
Report Formatting Templates (4)
6.5
Drill-down analysis (4)
7.6
Formatting capabilities (5)
6.0
Integration with R or other statistical packages (1)
5.5
Report sharing and collaboration (5)
7.1
Publish to Web (3)
8.5
Publish to PDF (3)
8.2
Report Versioning (5)
7.9
Report Delivery Scheduling (3)
4.3
Pre-built visualization formats (heatmaps, scatter plots etc.) (4)
6.9
Location Analytics / Geographic Visualization (4)
5.8
Predictive Analytics (2)
2.3
Multi-User Support (named login) (4)
8.0
Role-Based Security Model (5)
8.3
Multiple Access Permission Levels (Create, Read, Delete) (5)
8.6
Single Sign-On (SSO) (4)
8.8
Responsive Design for Web Access (3)
4.9
Dedicated iOS Application (2)
5.9
Dedicated Android Application (1)
2.7
Dashboard / Report / Visualization Interactivity on Mobile (2)
2.8
Long-term financial planning (7)
8.4
Financial budgeting (8)
8.7
Forecasting (8)
7.7
Scenario modeling (7)
8.5
Management reporting (8)
6.8
Financial data consolidation (7)
7.0
Journal entries and reports (5)
6.2
Multi-currency management (6)
8.0
Intercompany Eliminations (5)
7.0
Minority Ownership (4)
5.8
Local and consolidated reporting (7)
7.2
Detailed Audit Trails (7)
6.8
Financial Statement Reporting (7)
8.2
Management Reporting (7)
8.1
Excel-based Reporting (7)
8.7
Automated board and financial reporting (6)
6.8
XBRL support for regulatory filing (2)
8.2
Personalized dashboards (6)
7.5
Color-coded scorecards (6)
6.5
KPIs (6)
5.8
Cost and profitability analysis (6)
7.9
Key Performance Indicator setting (6)
7.3
Benchmarking with external data (5)
6.4
Flat file integration (7)
8.7
Excel data integration (7)
9.0
Direct links to 3rd-party data sources (6)
7.1

About IBM Planning Analytics

IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed to help users move beyond the limits of spreadsheets, automating the planning process to drive faster, more accurate results. Use it to unify data sources into one single repository, enabling users to build sophisticated, multidimensional models that drive forecasts.

IBM Planning Analytics Technical Details

Operating Systems: Unspecified
Mobile Application:No