Pros and Cons from an Admin User
September 16, 2015

Pros and Cons from an Admin User

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

Software Version

10.2.2

Modules Used

  • Finance

Overall Satisfaction with IBM Planning Analytics Local

IBM Cognos TM1 has been used by the overseas operations in Latin America (8 countries + the regional office in Miami) for which I am responsible. At the corporate level, it has been also used by the European, Asian and International head office in Philadelphia.

The business problems it addresses include: performance issues, not easy to manage the security access, hard work to make changes and or enhancements (the processes scripts are very sensitive and it could incur in errors).
  • 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
  • Reliable data base
  • Consistent calculations accros the application avoiding formula errors
  • Easy consolidation (aggregation)
  • Faster currency conversion
It's easier to train users compared to other similar applications.
The what if scenarios feature is not fully appropriate to get a complete P&L result. The copy process for Versions and Scenarios is not 100% reliable. The key questions are in regards to the real time information, high performance with a big sized data base and processes, user friendly, easy maintenance.

IBM Planning Analytics Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
3
Management reporting
5
Financial data consolidation
8
Journal entries and reports
5
Multi-currency management
7
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
7
Detailed Audit Trails
3
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
5
Excel data integration
5
Direct links to 3rd-party data sources
7