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IBM Planning Analytics Reviews

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33 Ratings
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Score 8.3 out of 100

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Reviews (1-19 of 19)

Jared Koepp | TrustRadius Reviewer
January 15, 2020

Benefits of IBM Planning Analytics on the Cloud for Budgeting and Consolidations

Jared Koepp
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Jared Koepp's full review
Anonymous | TrustRadius Reviewer
February 13, 2020

IBM Planning Analytics review

Verified User
Score 10 out of 10
Vetted Review
Reseller
Review Source

Pros and Cons

  • Rolling forecast, different versions and scenarios.
  • User friendly interface and no need for client software. Everything is done via web browser.
  • Web browser support.
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Anonymous | TrustRadius Reviewer
January 16, 2020

IBM Plannng Analytics Powered By TM1 in the Cloud

Verified User
Score 7 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
February 03, 2020

IBM Planning Analytics Review

Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • TM1/PA could help to produce finance budgeting models fast, which helps better the decision-making processes for the company.
  • TM1/PA could provide reporting from cubes fast and easily, which helps to solve user queries regarding day to day business.
  • Hierarchy awareness for DBSW functions in Excel.
  • Performance of transferring huge data via REST API.
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Amin Mohammed | TrustRadius Reviewer
June 13, 2019

The Best Investment for Corporate Financial Planning

Amin Mohammed
Score 10 out of 10
Vetted Review
Reseller
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
June 21, 2019

IBM Planning Analytics Rocks! (esp. Excel integration!)

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
March 28, 2018

Cognos TM1, Finance's Best Friend

Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Christopher Redmond | TrustRadius Reviewer
May 13, 2016

IBM Cognos TM1 proves Flexible and On-Demand!

Christopher Redmond
Score 9 out of 10
Vetted Review
Reseller
Review Source

Pros and Cons

  • 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.
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David Chen | TrustRadius Reviewer
July 30, 2013

TM1 is one of the best business application development platforms

David Chen
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read David Chen's full review
Anonymous | TrustRadius Reviewer
September 16, 2015

Pros and Cons from an Admin User

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
February 01, 2015

TM1

Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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IBM Planning Analytics Scorecard Summary

Likelihood to Recommend (33)
8.3
Likelihood to Renew (1)
10.0
Usability (1)
9.0
Support (13)
7.7

Feature Scorecard Summary

Pixel Perfect reports (9)
7.1
Customizable dashboards (11)
6.7
Report Formatting Templates (10)
6.3
Drill-down analysis (12)
7.5
Formatting capabilities (13)
6.4
Integration with R or other statistical packages (6)
7.0
Report sharing and collaboration (13)
6.9
Publish to Web (11)
7.8
Publish to PDF (11)
7.5
Report Versioning (10)
7.5
Report Delivery Scheduling (8)
6.4
Pre-built visualization formats (heatmaps, scatter plots etc.) (12)
7.5
Location Analytics / Geographic Visualization (11)
7.0
Predictive Analytics (8)
5.6
Multi-User Support (named login) (12)
7.9
Role-Based Security Model (13)
8.0
Multiple Access Permission Levels (Create, Read, Delete) (13)
7.8
Single Sign-On (SSO) (12)
8.4
Responsive Design for Web Access (10)
6.4
Dedicated iOS Application (9)
6.8
Dedicated Android Application (5)
6.2
Dashboard / Report / Visualization Interactivity on Mobile (7)
5.7
Long-term financial planning (16)
8.1
Financial budgeting (17)
8.2
Forecasting (17)
8.1
Scenario modeling (16)
7.8
Management reporting (17)
7.3
Financial data consolidation (16)
7.2
Journal entries and reports (14)
6.3
Multi-currency management (15)
8.0
Intercompany Eliminations (13)
7.2
Minority Ownership (12)
6.9
Local and consolidated reporting (15)
7.5
Detailed Audit Trails (15)
7.2
Financial Statement Reporting (16)
7.9
Management Reporting (16)
7.7
Excel-based Reporting (16)
8.4
Automated board and financial reporting (14)
7.2
XBRL support for regulatory filing (7)
7.4
Personalized dashboards (15)
7.8
Color-coded scorecards (15)
7.3
KPIs (15)
7.0
Cost and profitability analysis (15)
7.7
Key Performance Indicator setting (15)
7.5
Benchmarking with external data (14)
7.4
Flat file integration (16)
8.3
Excel data integration (16)
8.4
Direct links to 3rd-party data sources (13)
7.5

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.
Categories:  Corporate Performance Management (CPM)

IBM Planning Analytics Technical Details

Operating Systems: Unspecified
Mobile Application:No