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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 7.6

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 8.2

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

(1-2 of 2)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
Incentivized
IBM Planning Analytics is used across multiple departments including financial budgeting and forecasting (finance and accounting), sales planning (sales divisions), headcount planning (HR), demand planning (operations).

It allows data integrity and centralization across departments. Flexible options for end users to access data via excel client, and web.
  • Consolidations.
  • Alternate hierarchies.
  • Data load options from multiple sources.
  • Flexible end user accessibility.
  • Departmental integration. such as all plans flowing into financial P&L.
  • Drill through to the transaction level data.
  • Web interface can be improved to be made aligned with latest web technologies.
  • Dashboarding and reporting capabilities could be improved.
  • Email bursting of reports.
  • Email notifications to admin related to maintenance of the application such as database errors, etc.
  • Integration with other products such as Microsoft BI, Salesforce, etc.
  • Planning Analytics workspace setup could be improved.
Best for:
Financial planning (budgeting and forecasting).
Sales planning (product P&L).
Production planning.

Budgeting, Planning, and Forecasting (5)
94%
9.4
Long-term financial planning
100%
10.0
Financial budgeting
100%
10.0
Forecasting
100%
10.0
Scenario modeling
100%
10.0
Management reporting
70%
7.0
Consolidation and Close (7)
100%
10.0
Financial data consolidation
100%
10.0
Journal entries and reports
100%
10.0
Multi-currency management
100%
10.0
Intercompany Eliminations
100%
10.0
Minority Ownership
100%
10.0
Local and consolidated reporting
100%
10.0
Detailed Audit Trails
100%
10.0
Financial Reporting and Compliance (5)
80%
8.0
Financial Statement Reporting
100%
10.0
Management Reporting
100%
10.0
Excel-based Reporting
100%
10.0
Automated board and financial reporting
50%
5.0
XBRL support for regulatory filing
50%
5.0
Analytics and Reporting (6)
91.66666666666666%
9.2
Personalized dashboards
70%
7.0
Color-coded scorecards
80%
8.0
KPIs
100%
10.0
Cost and profitability analysis
100%
10.0
Key Performance Indicator setting
100%
10.0
Benchmarking with external data
100%
10.0
Integration (3)
100%
10.0
Flat file integration
100%
10.0
Excel data integration
100%
10.0
Direct links to 3rd-party data sources
100%
10.0
BI Standard Reporting (3)
76.66666666666667%
7.7
Pixel Perfect reports
70%
7.0
Customizable dashboards
80%
8.0
Report Formatting Templates
80%
8.0
Ad-hoc Reporting (4)
82.5%
8.3
Drill-down analysis
100%
10.0
Formatting capabilities
100%
10.0
Integration with R or other statistical packages
50%
5.0
Report sharing and collaboration
80%
8.0
Report Output and Scheduling (3)
100%
10.0
Publish to Web
100%
10.0
Publish to PDF
100%
10.0
Report Versioning
100%
10.0
Data Discovery and Visualization (3)
76.66666666666667%
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
80%
8.0
Location Analytics / Geographic Visualization
70%
7.0
Predictive Analytics
80%
8.0
Access Control and Security (4)
100%
10.0
Multi-User Support (named login)
100%
10.0
Role-Based Security Model
100%
10.0
Multiple Access Permission Levels (Create, Read, Delete)
100%
10.0
Single Sign-On (SSO)
100%
10.0
Mobile Capabilities (1)
50%
5.0
Responsive Design for Web Access
50%
5.0
  • Data integrity with one version of the truth.
  • Allows department heads to make better business decisions, because the product saves them from manually verifying data accuracy.
Scenario planning is very important and is one of the key factor we selected Planning Analytics over other products.
IBM Planning analytics allows unlimited numbers of scenarios to be created and compare them against each other.

  • Microsoft BI (MSBI)
Microsoft BI's strength is in dashboarding, whereas IBM Planning Analytics outshines it with its capabilities in budgeting, forecasting, consolidations, scenario modeling and performance.
IBM Support is very responsive and address any concerns or problems we have very promptly. They also actively take feedback from users in deciding the future features of the product.
From an end user's perspective, IBM planning analytics allows us to stay in the familiar Excel environment while taking advantage of centralized data.
No
Support is provided as part of the subscription.
Yes
Yes the issue was resolved to our satisfaction.
We had an issue with user onboarding and IBM support worked along with our internal IT team to pinpoint the issue and resolve it in timely manner.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
Budgeting, Planning, and Forecasting (5)
100%
10.0
Long-term financial planning
100%
10.0
Financial budgeting
100%
10.0
Forecasting
100%
10.0
Scenario modeling
100%
10.0
Management reporting
100%
10.0
Consolidation and Close (7)
90%
9.0
Financial data consolidation
100%
10.0
Journal entries and reports
80%
8.0
Multi-currency management
100%
10.0
Intercompany Eliminations
100%
10.0
Minority Ownership
80%
8.0
Local and consolidated reporting
100%
10.0
Detailed Audit Trails
70%
7.0
Financial Reporting and Compliance (4)
100%
10.0
Financial Statement Reporting
100%
10.0
Management Reporting
100%
10.0
Excel-based Reporting
100%
10.0
Automated board and financial reporting
100%
10.0
Analytics and Reporting (6)
100%
10.0
Personalized dashboards
100%
10.0
Color-coded scorecards
100%
10.0
KPIs
100%
10.0
Cost and profitability analysis
100%
10.0
Key Performance Indicator setting
100%
10.0
Benchmarking with external data
100%
10.0
Integration (3)
100%
10.0
Flat file integration
100%
10.0
Excel data integration
100%
10.0
Direct links to 3rd-party data sources
100%
10.0
BI Standard Reporting
N/A
N/A
Ad-hoc Reporting
N/A
N/A
Report Output and Scheduling
N/A
N/A
Data Discovery and Visualization
N/A
N/A
Access Control and Security
N/A
N/A
Mobile Capabilities
N/A
N/A
  • The company saw positive ROI of around $100K during the first quarter following the implementation of Cognos TM1.
  • The flexibility of Cognos TM1 to meet the complex planning needs of a customer allowed the implementation to be headache-free.
  • Cognos TM1's use of Excel helped the finance department get onboard and pick things up quickly. This accelerated user adoption and lessened the need for paid training.
  • Cognos TM1's development language is script based so anyone familiar with VBA for Excel for data processing/transformation can adapt and pick things up quickly.
Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great fit in a company with a small FI team. Compared to Adaptive Insights the management of Cognos TM1 is simpler and for most financial consolidation projects a full-time application administrator is not required as power users can do most things without intervention.
There are good support people in Ottawa, but having access to the development team and a TAM make the support. Without that access I don't think IBM Support would be as highly rated.
Yes
Infinium Financials was replaced because that technology was AS/400 based and difficult to adapt to a changing company.
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
  • Vendor Reputation
  • Existing Relationship with the Vendor
  • Positive Sales Experience with the Vendor
The skill of the development team that IBM recommended for our project really sold us on Cognos TM1.
I would avoid the technology bake-off and have each technology used in a simple POC to show how each would handle our company's specific needs.
Yes
I pay for premium support, because it gets me access to higher level support faster and I get a TAM assigned to my account.
Yes
Yes and no. It depends on the bug and whether is was solvable is a configuration change or was in need of a code fix from IBM.
It was month in and our Cognos TM1 application was logging out users and the reason wasn't obvious. I called my TAM and the issue was resolved without an intra-day application restart and the user interruption that can cause.
  • Data entry into the system was easy and I could bulk upload via flat files.
  • Moving data between accounts within the system was simplier than other systems I've used.
  • Intercompany eliminations via Rules was a godsend compared to the report level math I've had to maintain in the past.
  • If you end up having to write a bunch of scripts that rarely get used in lue of users to manual things, then it can't be frustrating.
  • User account setup can be cumbersome due to amount of configuration necessary to make the IT Security team happy.
  • Cognos TM1 has be a system that is easy to maintain, but it is only as easy as the accountants make it. Getting them to understand that is it not an Excel workbook in the sky can be challenging.
Yes, but I don't use it
The application is easy to install and to develop with. Your super users have the ability to manage the data and the user logins without IT help.
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