IBM Planning Analytics review
Overall Satisfaction with IBM Planning Analytics
We use it as a forecasting and budgeting tool for our whole organization. Our forecast model is based on the turnover forecast and expenses budget. The turnover is automatically calculated based on the forecasted hours done by our company consults and the customer-specific hourly cost. The turnover forecast is revised every quarter. Fixed costs are rather static in our company, so they are forecasted only once per year. Previous actual is there to help forecasting.
- Rolling forecast, different versions and scenarios.
- User friendly interface and no need for client software. Everything is done via web browser.
- Web browser support.
- More accurate forecasting is done more often so company leads have more data in their hands.
- Forecasted profit and loss statement and balance sheet to see forecasted net profit in advance.
IBM Cognos Analytics is not a replacement for IBM Planning Analytics. IBM Cognos Analytics is focused only on reporting, but in that section it's an excellent addition to IBM Planning Analytics. You can directly use IBM Planning Analytics as a data source in IBM Cognos Analytics. In our business case we use IBM Planning Analytics for forecasting, but the more extensive reporting is done in IBM Cognos Analytics (for example forecast accuracy).
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