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IBM Planning Analytics Reviews

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Score 7.5 out of 100
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Reviews (1-25 of 47)

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January 25, 2021

IBM Planning and Analytics Review.

Kathy McKellen | TrustRadius Reviewer
Kathy McKellen
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • The user interface is attractive and user-friendly.
  • Flexible and Scalable . It accommodates all types of budget and size of companies.
  • Great automated visualizations and real time data access.
  • The version we have doesn't integrate well with Excel as macros have to be to be updated in order for it to work.
Read Kathy McKellen's full review
January 14, 2021

Excellent product, that like a thoroughbred, delivers exceptional results when handled properly.

Charles Cardin | TrustRadius Reviewer
Charles Cardin
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Dimensional data modeling.
  • Exceptional ability to drill down and into data.
  • Can be used for any data analytics application, not just limited to finance!
  • Back end administration, re: installation can be, shall we say, an arduous journey?
  • The alternate hierarchies within dimension containers are nice and have tremendous promise, but is just not quite there for full-blown usage.
Read Charles Cardin's full review
January 14, 2021

Long time user and tool keeps improving

Lacie Baumgartner | TrustRadius Reviewer
Lacie Baumgartner
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Customizable to your needs.
  • Ability to deploy to many users and one version of truth instead of multiple files.
  • Integrates with Excel.
  • Automates tasks and calculations to allow users to focus on results rather than data integrity.
  • Small learning curve with tool.
  • So many options with the tool that could be confusing where to begin.
  • Integration with certain source systems.
Read Lacie Baumgartner's full review
October 20, 2020

Good and strong, but still not grown-up for 21st century

Felipe Fonseca | TrustRadius Reviewer
Felipe Fonseca
Score 8 out of 10
Vetted Review
Reseller
Review Source

Pros and Cons

  • Automation by heterogenous data sources integration.
  • Business process coordination.
  • What-if scenarios simulation.
  • Fast financial modelling change response.
  • Front-end PAW does not provide pixel perfect design.
  • Front-end PAW does not provide in-session variables.
  • Calculations are still dependent of feeders, an old ugly constraint to achieve performance.
Read Felipe Fonseca's full review
November 17, 2020

After a year, I can count on IBM Planning Analytics.

Aria Smith | TrustRadius Reviewer
Aria Smith
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Robust NLP and cognitive processing capabilities
  • It is capable of processing a high volume of information without affecting performance
  • It is scalable and robust thanks to its artificial intelligence functions allowing good analysis, planning, forecasting, decision making, and reports
  • By evaluating the capabilities of IBM Planning Analytics, we have determined that it is an ideal software for all industries with a wide variety of tools such as cognitive processing and NLP functions
  • Implementation is complex in almost every stage, from start to finish
  • The technical support is not the most attentive, and the solutions they offer us to improve the implementation are not the fastest
  • The usability of IBM Planning Analytics is not the best; we must have experience to be able to run the functions without help
Read Aria Smith's full review
October 19, 2020

IBM Planning Analytics best budgeting and forecasting tool

Anonymous | TrustRadius Reviewer
Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read this authenticated review
October 08, 2020

Great potential, needs more investment

Anonymous | TrustRadius Reviewer
Verified User
Score 7 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Real-Time Calculations
  • Fast Query Response Time
  • REST API interconnectivity
  • Excel integration
  • High-speed aggregation engine
  • Lack of cloud support
  • Lack of 3rd-party application support
  • No high-availability options
  • Hard to use UI designs
  • Lacks support for enterprise scale.
Read this authenticated review
November 02, 2020

Good time with PA

Anonymous | TrustRadius Reviewer
Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Areas data integration in real time.
  • Possibility to analyze the data by graphs.
  • Complicated calcs with single rules.
  • Take out the feeders.
  • More facility to change the displays on WS.
Read this authenticated review
August 11, 2020

IBM Planning Analytics is the future of planning we have all been waiting for

Ausrine Stankeviciute | TrustRadius Reviewer
Ausrine Stankeviciute
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Forecasting, Budgeting, and Planning
  • Easy to set up and customize
  • Strong data storage and security protocols with IBM
  • There's a lot of functionality that the platform has, so it's easy to get lost.
  • Training on how to take advantage of the full functionality of the platform is needed.
  • Requires coding knowledge
Read Ausrine Stankeviciute's full review
April 27, 2020

IBM Planning Analytics a product full of features but lacking resources to implement it.

Muhammad Rizwan | TrustRadius Reviewer
Muhammad Rizwan
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • You can do forecasts with the power of SPSS.
  • Integrated business planning with use of Workflows
  • Use of blueprints of TM1 provided by IBM Innovation Center helps in reduced time to implement.
  • Express Edition allows to start small and scale to meet requirements.
  • Lack of resources across IBM who can help you when you get stuck.
  • User-friendly messages can help find the exact feature we are looking for.
  • Local support here in Pakistan is not available.
Read Muhammad Rizwan's full review
April 10, 2020

Nice platform for modeling, more improvement needed on workflow

Lidija Stefanec | TrustRadius Reviewer
Lidija Stefanec
Score 7 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • IBM Planning Analytics offers fast and easy dashboards development and data synchronization
  • PAX, data visualization. Many users prefer Excel and Cognos 11 offers PAX with various reports
  • Writing processes in PAW is now much easier than in Cognos10. Library offers all definitions.
  • PAW workflow (data input)
  • Connections to other sources (DBs)
  • Interconnection with browsers. In some browsers need to work on setup to properly run PAW or, in general, Cognos 11 objects. Need improved tutorials on this.
Read Lidija Stefanec's full review
April 21, 2020

IBM Review

Anonymous | TrustRadius Reviewer
Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • IBM Planning Analytics is ready to deliver a unique experience that works equally well on web or mobile devices, allowing us to quickly find, analyze, create, and share information.
  • It enables our users to work from anywhere for its extensive cloud services.
  • It offers us the possibility of obtaining advanced analytics in self-service.
  • We can identify weaknesses and strengths as well as development opportunities and act quickly and confidently.
  • It is an intuitive and easy to use tool, users can create and customize dashboards and reports.
  • Complex installation and performance problems for some users.
  • Both the solution and the data are under the responsibility of the publisher, the security of our data depends on IBM.
Read this authenticated review
April 16, 2020

IBM TM1 Review

Anonymous | TrustRadius Reviewer
Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • IBM Planning Analytics automates our planning, budgeting, and forecasting processes.
  • It provides self-service analytics for our users and facilitates flexible, multi-dimensional data modeling.
  • Empower users with the speed, agility, and foresight they need to deliver better business results.
  • The limitations of complex use of multiple Microsoft Excel spreadsheets are removed, and a centralized performance management solution is created, in an intuitive, agile, flexible and easy-to-use interface.
  • It is integrated into all aspects of strategic planning.
  • Creating and analyzing plans, budgets, and forecasts take a long time to execute, including those based on large data sets.
  • Difficulty doing “what if” analysis and preparing reports with Microsoft Excel sheets directly on the web.
Read this authenticated review
April 13, 2020

IBM Cognos--security and efficiency

Anonymous | TrustRadius Reviewer
Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Full interactivity, online or offline.
  • Display adapted to mobile.
  • Systems inference between tables to deliver a unified and consistent experience.
  • Planning and distribution of reports.
  • Creation of highly accurate professional reports.
  • Use of managed data as a single source (other data sources can also be included).
  • High cost
Read this authenticated review
April 13, 2020

IBM COGNOS is the solution that my company demands.

Anonymous | TrustRadius Reviewer
Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Fully web-based features from start to finish, no desktop tools required.
  • It allows me to have the same work experience from any device (web and mobile).
  • Includes facility for creating reports and dashboards.
  • Quick response time on business aspects using visual language and interactive dashboards.
  • Difficulty of access to data through graphs, which allow identifying the direction and performance of the business and thus being able to apply the necessary corrective actions.
  • Design errors.
Read this authenticated review
April 13, 2020

Cognos TM1 Review

Anonymous | TrustRadius Reviewer
Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Cognos Analytics offers us integrated intelligence that helps us create and customize reports and dashboards in minutes.
  • It has smart search capabilities to interpret keyword intent and make recommendations that speed up analysis.
  • We have the mobile expertise to find answers for management with a fully web-based, on-premises or cloud-based solution.
  • It has a simple data modeling, so that users can easily combine different types of data and analyze them with a single click.
  • It has powerful and useful visualizations.
  • Data discovery solutions with infrequent updates.
  • Collecting data and maintaining spreadsheets consume most of our workers' time.
Read this authenticated review
April 10, 2020

Planning Analytics IBM complements and expands the uses of IBM Cognos TM1.

Anonymous | TrustRadius Reviewer
Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Improve collaboration.
  • The dashboards have functions for sharing, exporting and chatting.
  • Better dashboards and self-service analysis.
  • It has customizable navigation options, more and modern visualizations, calculation options and synchronized navigation to facilitate discovery in the data.
  • It has an integrated simulation environment.
  • We can edit the data from any point in the dashboard, to correct it, expand it, or perform simulation scenarios.
  • Good integration with MS Excel.
  • Planning Analytics IBM for Excel (PAx) retains all the functionality of Microsoft Excel.
  • The redesign of the modules makes them less agile, increasing the use of memory, offering less speed and allowing less flexible analysis.
Read this authenticated review
March 19, 2020

IBM PA Yay Yay!

Anonymous | TrustRadius Reviewer
Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • In memory calculations.
  • Pulls from different varied sources.
  • Nice front end web options with PAW.
  • Good backing by IBM.
  • TM1 engine.
  • PAX provides access to those who want spreadsheet functionality.
  • Cloud version means less maintenance with server installs and upgrades.
  • Still buggy in some cases with the front ends of PAW and PAX.
Read this authenticated review
March 13, 2020

IBM Planning Analytics saves us time!

Anonymous | TrustRadius Reviewer
Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Excel add-in.
  • Plan, create, and analyze content.
  • Easy standard upgrade.
  • Upgrade process can be daunting.
  • Easier way of integrating Planning Analytics with Cognos.
Read this authenticated review
July 01, 2020

Know the impact of your decisions

Anonymous | TrustRadius Reviewer
Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Automate planning thanks to AI. Give recommendations based on the data provided.
  • Generate smarter, more tailored workflows since it has all the information in a single tool, without exports.
  • Prepare budgets according to the workflow based on certain hypotheses, for example, when we want to calculate the path of least cost.
  • Complex use without adequate knowledge thanks to automatic recommendations.
  • There is no documentation in Spanish although the documentation in English is complete.
  • Perhaps it has too many versions: Express, Digital Pack, for companies.
Read this authenticated review
March 04, 2020

IBM Planning Analytics Review

Anonymous | TrustRadius Reviewer
Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Performance
  • Top-down allocations
  • Sandbox and scenarios
  • Usability in modifying the end-user layout
  • Processes to handle data transformations
Read this authenticated review
January 15, 2020

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

Jared Koepp | TrustRadius Reviewer
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

IBM Planning Analytics Scorecard Summary

Likelihood to Recommend (126)
7.5
Likelihood to Renew (4)
8.3
Usability (11)
7.2
Support Rating (51)
7.3
Data Sharing and Collaboration (3)
9.0
Data Sources (3)
9.0
Product Scalability (1)
9.1

Feature Scorecard Summary

BI Standard Reporting
7.0
Pixel Perfect reports (29)
7.0
Customizable dashboards (34)
7.2
Report Formatting Templates (30)
6.9
Ad-hoc Reporting
7.4
Drill-down analysis (37)
7.8
Formatting capabilities (38)
7.2
Integration with R or other statistical packages (25)
7.2
Report sharing and collaboration (36)
7.3
Report Output and Scheduling
7.5
Publish to Web (34)
7.8
Publish to PDF (33)
7.4
Report Versioning (33)
7.5
Report Delivery Scheduling (28)
7.3
Data Discovery and Visualization
7.1
Pre-built visualization formats (heatmaps, scatter plots etc.) (37)
7.4
Location Analytics / Geographic Visualization (33)
7.0
Predictive Analytics (29)
7.0
Access Control and Security
8.0
Multi-User Support (named login) (39)
8.1
Role-Based Security Model (39)
7.9
Multiple Access Permission Levels (Create, Read, Delete) (40)
8.0
Single Sign-On (SSO) (35)
8.2
Mobile Capabilities
7.2
Responsive Design for Web Access (34)
6.9
Dedicated iOS Application (21)
7.3
Dedicated Android Application (18)
7.5
Dashboard / Report / Visualization Interactivity on Mobile (26)
7.2
Budgeting, Planning, and Forecasting
8.0
Long-term financial planning (40)
8.2
Financial budgeting (41)
8.2
Forecasting (41)
8.1
Scenario modeling (40)
7.9
Management reporting (40)
7.6
Consolidation and Close
7.4
Financial data consolidation (37)
7.5
Journal entries and reports (33)
6.9
Multi-currency management (34)
7.8
Intercompany Eliminations (33)
7.4
Minority Ownership (29)
7.0
Local and consolidated reporting (36)
7.6
Detailed Audit Trails (38)
7.8
Financial Reporting and Compliance
7.8
Financial Statement Reporting (37)
7.9
Management Reporting (37)
7.9
Excel-based Reporting (39)
8.3
Automated board and financial reporting (34)
7.4
XBRL support for regulatory filing (22)
7.3
Analytics
7.5
Personalized dashboards (38)
7.7
Color-coded scorecards (36)
7.3
KPIs (38)
7.3
Cost and profitability analysis (37)
7.8
Key Performance Indicator setting (36)
7.4
Benchmarking with external data (35)
7.6
Integration
8.0
Flat file integration (40)
8.1
Excel data integration (38)
8.2
Direct links to 3rd-party data sources (33)
7.6

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 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