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…
IBM planning analytics review
IBM Planning Analytics: Paving the way in construction.
A Perfect 10/10: IBM Planning Analytics Excels in Every Aspect
Complete Solution for Financial Planning
Used in whole APAC-MEA region
Business user do financial …
Easy and Reliable......Data Analysis, Budgets and Forecasts
Preparation of the annual budget of income cost and expenses
Get …
IBM Planning Analytics, a very advanced and useful tool for financial reporting.
Advanced financial planning features including AI chatbot and multicurrency support
IBM Planning Analytics for Contemporary Finance Professionals
IBM Planning Analytics - all you need for proper analysis and planning.
IBM Planning Analytics, it's in the name. Simple, and simply the best software for your business.
IBM Planning Analytics is the most Effective Financial and Sales Data Management Product.
IBM is the safe choice if your planning needs are complex and detailed
After a year, I can count on IBM Planning Analytics.
Making panning simpler.
How IBM Planning Analytics Differs From Its Competitors
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
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
- Financial budgeting (92)9.595%
- Forecasting (92)9.595%
- Scenario modeling (91)9.595%
- Management reporting (91)8.888%
Reviewer Pros & Cons
Pricing
Essentials
$825
Standard
$1,650
Entry-level set up fee?
- Setup fee optionalOptional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $825 per month 5 users
Product Demos
Headcount and Staffing Planning with IBM Planning Analytics
Sales and Operations Planning with IBM Planning Analytics
Demand Planning with IBM Planning Analytics
Integrated Financials with IBM Planning Analytics
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 8.4Pixel Perfect reports(73) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 9.3Customizable dashboards(82) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.9Report Formatting Templates(77) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9.4Drill-down analysis(85) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 9.3Formatting capabilities(86) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 7.5Integration with R or other statistical packages(66) Ratings
Integration with the open-source R predictive modeling environment.
- 9Report sharing and collaboration(83) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 7.8Publish to Web(80) Ratings
- 9.3Publish to PDF(79) Ratings
- 8.3Report Versioning(79) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 7.6Report Delivery Scheduling(70) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
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.
- 9.3Pre-built visualization formats (heatmaps, scatter plots etc.)(85) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 8.1Location Analytics / Geographic Visualization(80) Ratings
Location analytics is the visualization of geographical or spatial data.
- 7.6Predictive Analytics(76) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 6.8Pattern Recognition and Data Mining(9) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9.6Multi-User Support (named login)(86) Ratings
Named model access means that users have access based on name and password.
- 9.6Role-Based Security Model(87) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9.6Multiple Access Permission Levels (Create, Read, Delete)(88) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 8.7Report-Level Access Control(13) Ratings
Report-level access control means that the type of report determines who has access to it.
- 8.2Single Sign-On (SSO)(82) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 7.5Responsive Design for Web Access(77) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 6.9Mobile Application(41) Ratings
A dedicated app for iOS and/or Android.
- 6.9Dashboard / Report / Visualization Interactivity on Mobile(50) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 9.5Long-term financial planning(90) Ratings
3-5 year financial plan with cashflow.
- 9.5Financial budgeting(92) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 9.5Forecasting(92) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 9.5Scenario modeling(91) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.8Management reporting(91) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.3Financial data consolidation(82) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.3Journal entries and reports(77) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 8.8Multi-currency management(76) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.6Intercompany Eliminations(76) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 6.9Minority Ownership(69) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 9.5Local and consolidated reporting(79) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 9.3Detailed Audit Trails(81) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9.5Financial Statement Reporting(83) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.9Management Reporting(84) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.5Excel-based Reporting(86) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.9Automated board and financial reporting(76) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.9XBRL support for regulatory filing(55) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 9.4Personalized dashboards(87) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 9.3Color-coded scorecards(83) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 9.4KPIs(86) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 9.4Cost and profitability analysis(86) Ratings
Cost and profitability analysis provides data for business decision making.
- 9.4Key Performance Indicator setting(85) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.9Benchmarking with external data(58) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 8.9Flat file integration(85) Ratings
Integration of flat files like text documents and comma separated files
- 9.5Excel data integration(86) Ratings
Ability to integrate directly with Excel data.
- 8.2Direct links to 3rd-party data sources(78) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is IBM Planning Analytics?
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
IBM Planning Analytics Videos
IBM Planning Analytics Integrations
IBM Planning Analytics Competitors
IBM Planning Analytics Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Windows, Linux, Mac |
Mobile Application | Apple iOS, Android, Windows Phone, Mobile Web |
IBM Planning Analytics Downloadables
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(237)Attribute Ratings
Reviews
(26-50 of 98)Best solution for planning in organisations
- 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
IBM analytics by Watson is best suited where new users are deployed and it's automation helps in eradication of human errors
However some cons go without saying especially on the many features that IBM analytics by Watson can be confusing especially to new users
Best Solution for business planning
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.
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.
Robust and Perfect tool for forecasting
- Budgeting and forecasting
- Data Visualization
- Require in-depth documentation and support
Best Planning and Forecasting Software
- 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
Flexible planning tool
- Flexibility
- Visualisation
- Business Rules
- Versioning
- Weak built-in workflow
- Notifications
Good fit for all financial requirement
- 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
- Data collection and Excel interface
- Real time simulation and forecasting
- large data volume of data calculation
- Reporting capabilities
- Report Bursting
- Fast processing.
- Ad-hoc analysis.
- Complex calculations - nothing that it cannot do.
- Web interface.
- Ability to store complex calcs means training is required.
Great Analytics Tool
- For automated planning budgeting
- For analyzing data
- Documentation can be improved
- Other things are good for me
- 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.
- 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
- 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
Great tool for budgeting and consolidation
- 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.
Review for IBM planning Analytics
- 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
Spectacular Planning and Prediction Application
- 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.
Effective Way to Run Your Business with Excel on Steroids
- [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.
Make Data-Driven Decisions by Improving Budgeting, Planning and Forecasting with IBM PAW
- 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.
Effective Project Planning and Analytics tool
- 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[.]
- 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.
- Natural language processing.
- Predictive analytics.
- Financial planning.
- Documentation and tutorials.
- Pricing.
- Speed of implementation.
My Experience With IBM Planning Analytics with Watson
- 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.
A Great For Financial Analytics, Planning, Forecasting and Budgeting
- 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
Planning and performance transformation platform
- Provision of continuous planning tools.
- Streamlining workflows and planning.
- I have not identified any room of improvement.
- The functionality and performance are powerful always.
- Collaboration and planning
- Management of all workflows across our organization
Most optimal Solution for Budgeting and Forecasting
- 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.