IBM Planning Analytics with Watson - Great budgeting and forecasting product
August 23, 2021

IBM Planning Analytics with Watson - Great budgeting and forecasting product

Gabrielle Conley | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics with Watson

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
  • Achievement of ROI has been successful.
  • Planning and budgeting is effective, contributing to resource management.
Our planning has been based on budgeting that takes place effectively. Each department works on data available and how their programs can take place with the available resources. Forecasting enables our teams to work with goals that are achieved within a set period of time. Better planning enables our workforce team to avoid unnecessary risks.
I have not been able to work with similar tools in our organization. In budget management, this is the most effective platform I have used. Based on our programs, our organization has achieved a lot of plans and increased production, sales, and profit gains. Interactions across our company and stakeholders are well managed and each team can work on various defined roles.

Do you think IBM Planning Analytics delivers good value for the price?

Yes

Are you happy with IBM Planning Analytics's feature set?

Yes

Did IBM Planning Analytics live up to sales and marketing promises?

Yes

Did implementation of IBM Planning Analytics go as expected?

Yes

Would you buy IBM Planning Analytics again?

Yes

The support team has been [helpful] since the deployment process and has been very supportive. Our teams have been able to get information on effective implementation. We get updates from time to time on new changes that take place and necessary plans that we can undertake. The learning curve has been well integrated into our teams with minimal cost.
The general usability has been very effective across our departments since we deployed this platform. Reporting has been taking place well and the complete reports give us clear channels of data planning. There is a great infrastructure for designing new models that enables our teams to check on laid down tasks and come up with solutions for effective holding.
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.

IBM Planning Analytics Feature Ratings

Long-term financial planning
10
Financial budgeting
9
Forecasting
9
Scenario modeling
10
Management reporting
10
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
10
Detailed Audit Trails
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
9
Personalized dashboards
10
Color-coded scorecards
9
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
9
Pixel Perfect reports
9
Customizable dashboards
8
Report Formatting Templates
9
Drill-down analysis
9
Formatting capabilities
8
Integration with R or other statistical packages
9
Report sharing and collaboration
9
Publish to Web
8
Publish to PDF
9
Report Versioning
9
Report Delivery Scheduling
9
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
8
Predictive Analytics
9
Multi-User Support (named login)
10
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
9
Responsive Design for Web Access
9
Mobile Application
9
Dashboard / Report / Visualization Interactivity on Mobile
9