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IBM Planning Analytics

IBM Planning Analytics

Overview

What is IBM Planning Analytics?

IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed…

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Recent Reviews
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 49 features
  • Financial budgeting (92)
    9.5
    95%
  • Forecasting (92)
    9.5
    95%
  • Scenario modeling (91)
    9.5
    95%
  • Management reporting (91)
    8.8
    88%

Reviewer Pros & Cons

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Pricing

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Essentials

$825

Cloud
per month 5 users

Standard

$1,650

Cloud
per month 10 users

Entry-level set up fee?

  • Setup fee optional
    Optional
For the latest information on pricing, visithttps://www.ibm.com/products/planning…

Offerings

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

Starting price (does not include set up fee)

  • $825 per month 5 users
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Product Demos

Headcount and Staffing Planning with IBM Planning Analytics

mediacenter.ibm.com

Sales and Operations Planning with IBM Planning Analytics

mediacenter.ibm.com

Demand Planning with IBM Planning Analytics

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Integrated Financials with IBM Planning Analytics

mediacenter.ibm.com
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Features

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

8.9
Avg 8.1

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

8.8
Avg 8.3

Report Output and Scheduling

Ability to schedule and manager report output.

8.3
Avg 8.2

Data Discovery and Visualization

Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.

7.9
Avg 7.7

Access Control and Security

Access control means being able to determine who has access to which data.

9.1
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

7.4
Avg 8.0

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

9.4
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

8.5
Avg 8.1

Financial Reporting and Compliance

Financial statements and regulatory filings

8.7
Avg 8.3

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

9.1
Avg 8.0

Integration

Ability to integrate with external applications.

8.9
Avg 8.3
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Product Details

What is IBM Planning Analytics?

IBM Planning Analytics is an integrated business planning solution that blends spreadsheet flexibility with database control and governance. It helps users to deliver faster, more accurate plans, forecasts, and budgets that can pivot to address changing market demands for FP&A, Sales, Supply chain, HR, marketing, IT and Sustainability.

It includes:

  • Built-in reporting -> Supports scorecards and metrics including ad-hoc reports and compelling visualizations.
  • User Interfaces -> A web interface, with spreadsheets.

  • Predictive forecasting ->Predictive and AI capabilities for faster, more accurate forecasts

  • Simple integration -> Integrates with an existing tech stack, including spreadsheet-based planning, ERP, CRM and any APIs.

  • Real time insights with TM1 -> Built on TM1 technology to give users faster, flexible analysis with the high-performance at scale

  • Flexible Deployment Options ->On-premise, cloud-based, or as a Service on AWS



IBM Planning Analytics 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
  • Supported: Benchmarking with external data

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: Pattern Recognition and Data Mining
  • 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
  • Supported: Mobile Application
  • Supported: Dashboard / Report / Visualization Interactivity on Mobile

Additional Features

  • Supported: AI forecasting

IBM Planning Analytics Screenshots

Screenshot of Workflow managementScreenshot of Income statementScreenshot of Margin analysisScreenshot of Metrics managementScreenshot of Income statementScreenshot of Expense analysis

IBM Planning Analytics Videos

IBM Planning Analytics Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux, Mac
Mobile ApplicationApple iOS, Android, Windows Phone, Mobile Web

IBM Planning Analytics Downloadables

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.

IBM Planning Analytics starts at $825.

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

Reviewers rate Multi-User Support (named login) and Role-Based Security Model and Multiple Access Permission Levels (Create, Read, Delete) highest, with a score of 9.6.

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

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Reviews and Ratings

(237)

Attribute Ratings

Reviews

(26-50 of 98)
Companies can't remove reviews or game the system. Here's why
Jason Andrea | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.

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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
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).
Bhupendra Berdia . | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
ResellerIncentivized
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
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
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.
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.
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).
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
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.
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.
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.
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.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
Alaia Johnstone | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Hogan Taylor | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Gabrielle Conley | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
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