Great tool for budgeting and consolidation
Updated February 11, 2022

Great tool for budgeting and consolidation

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

Overall Satisfaction with IBM Planning Analytics with Watson

IBM Planning Analytics is really flexible and we are able to develop really complex solutions. The top-down and bottom-up planning procedure features really help to visualize data for analysis purposes directly from live mode. It helps to improve business project agility. It can handle a large amount of data and is really a great tool for analysis. We can integrate with multiple data sources, even outside of IBM tools.
  • Helps in customizing and consolidating data.
  • Increase productivity due to high speed.
  • No web browser support.
  • Price is little bit high for small organizations to afford.
  • TM1 helps in team communication.
  • Helps in targeting and analysis project cost.
It eliminates the traditional way of spreadsheets for planning and analysis as this tool provides us with accurate and timely forecasting which is beneficial for business development and monitoring.

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 provides us with pretty good customer support within a small period of time.
Overall it serves it the purpose of planning and data analytics
Great tool for planning and budgeting. It helps in reporting and these can be accessed from anywhere since it uses cloud services. Highly capable of handling huge data with high speed. Turbo integration tool(ETL) has no debugging tool provided, which makes debugging very difficult for users. 5.user interface can be improved which is very useful

IBM Planning Analytics Feature Ratings

Long-term financial planning
9
Financial budgeting
8
Forecasting
8
Scenario modeling
9
Management reporting
9
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
8
Intercompany Eliminations
9
Minority Ownership
8
Local and consolidated reporting
9
Detailed Audit Trails
8
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
8
XBRL support for regulatory filing
8
Personalized dashboards
9
Color-coded scorecards
9
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
9
Pixel Perfect reports
8
Customizable dashboards
9
Report Formatting Templates
9
Drill-down analysis
9
Formatting capabilities
10
Integration with R or other statistical packages
9
Report sharing and collaboration
9
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
8
Predictive Analytics
8
Multi-User Support (named login)
9
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
9
Responsive Design for Web Access
9
Mobile Application
8
Dashboard / Report / Visualization Interactivity on Mobile
8