IBM Plannng Analytics Powered By TM1 in the Cloud
January 16, 2020

IBM Plannng Analytics Powered By TM1 in the Cloud

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

Overall Satisfaction with IBM Planning Analytics

IBM Planning Analytics powered by TM1 is used by the Finance Department for budgeting, forecasting & planning to a 10 year horizon. It is also used in the planning & quality analytics area to look at sales targets & revenues based on industry data & past sales results.

It consolidates what would normally be a time consuming & manual process to extract data out of the Oracle ERP into spreadsheets for month-end reporting, forecasts & budgeting.
  • 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.
  • Consolidated & consistent way to provide month end reporting.
  • Ability to capture snapshots for historical comparison, especially in budget & forecast periods.
Very close functionality between IBM and Oracle. We chose IBM as that is the technology stack in our organisation & wanted to be architecturally consistent.
IBM relies on 3rd party support providers & only gets involved if complaints are escalated at a high level with their tech support coming onsite. I'd prefer that they take a dual role to provide support earlier on.

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

Not sure

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

Yes

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

I wasn't involved with the selection/purchase process

Did implementation of IBM Planning Analytics go as expected?

No

Would you buy IBM Planning Analytics again?

No

Recommended for its ability to build multiple cubes for data capture & reporting (e.g. management month-end, workforce, capital & cashflow).

IBM Planning Analytics Feature Ratings

Financial budgeting
7
Forecasting
7
Scenario modeling
7
Management reporting
7
Financial data consolidation
6
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
7
Detailed Audit Trails
Not Rated
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Formatting capabilities
6
Report sharing and collaboration
7
Report Versioning
7
Report Delivery Scheduling
7
Multi-User Support (named login)
7
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
7
Single Sign-On (SSO)
9