IBM Planning Analytics Review
February 03, 2020

IBM Planning Analytics Review

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

Overall Satisfaction with IBM Planning Analytics

It is used for reporting and finance modeling purposes across the whole organization. Currently, we are upgrading from TM1 10.2.2 to Planning Analytics. With new front end tools, I believe they can provide more capabilities for allowing users or developers to have better experiences with the product.
  • 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.
  • Better reporting or modeling leads to better decisions which could help to produce a positive impact on those KPIs for the business.
IBM is capable of making this tool better and better, and they seem like they listen to suggestions.

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

IBM Planning Analytics is well suited for:
  • Finance budgeting, planning, and forecasting with different financial models.
  • User daily or monthly department reporting in TM1 web.
  • Multidimensional reporting over huge data sets
It is less appropriate for:
  • Detailed transactional reporting.
  • Statistical and mathematical calculation.
  • Machine or deep learning.

IBM Planning Analytics Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
9
Scenario modeling
8
Management reporting
9
Financial data consolidation
10
Journal entries and reports
3
Multi-currency management
8
Intercompany Eliminations
8
Minority Ownership
9
Local and consolidated reporting
10
Detailed Audit Trails
5
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
8
XBRL support for regulatory filing
7
Personalized dashboards
8
Color-coded scorecards
7
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
9
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
7
Pixel Perfect reports
7
Customizable dashboards
8
Report Formatting Templates
7
Drill-down analysis
7
Formatting capabilities
7
Integration with R or other statistical packages
6
Report sharing and collaboration
7
Publish to Web
9
Publish to PDF
5
Pre-built visualization formats (heatmaps, scatter plots etc.)
7
Location Analytics / Geographic Visualization
6
Predictive Analytics
3
Multi-User Support (named login)
8
Role-Based Security Model
6
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
10
Responsive Design for Web Access
6
Mobile Application
6
Dashboard / Report / Visualization Interactivity on Mobile
6