Planning Analytics IBM complements and expands the uses of IBM Cognos TM1.
April 10, 2020

Planning Analytics IBM complements and expands the uses of IBM Cognos TM1.

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

Overall Satisfaction with IBM Planning Analytics

We replace budgets, usually based on spreadsheets, with continuous planning and regular forecasting.
It offers us the possibility of deploying web applications in a distributed and controlled way from its monitoring platform, incorporating workflow processes for sending plans and their subsequent approval / rejection.
It allows us to create introduction forms from Excel that can be displayed on the web and used very easily.
Without previous developments, it allows us to analyze “combined tables” and create simulation environments.

Pros

  • Improve collaboration.
  • The dashboards have functions for sharing, exporting and chatting.
  • Better dashboards and self-service analysis.
  • It has customizable navigation options, more and modern visualizations, calculation options and synchronized navigation to facilitate discovery in the data.
  • It has an integrated simulation environment.
  • We can edit the data from any point in the dashboard, to correct it, expand it, or perform simulation scenarios.
  • Good integration with MS Excel.
  • Planning Analytics IBM for Excel (PAx) retains all the functionality of Microsoft Excel.

Cons

  • The redesign of the modules makes them less agile, increasing the use of memory, offering less speed and allowing less flexible analysis.
  • ROI recoverable after two years.
Integration with Excel has been improved, PAx offers us a new user experience, more analysis perspectives, dynamic reporting, publication on the Web server and integration with our Workspace.
We incorporate our objectives into the plan to eliminate validation cycles and increase efficiency, in addition to facilitating the detection of deviations and the execution of “what-if” scenarios.

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

Designed for companies that require immediate deployment, with progressive growth, secured and managed by IBM.
Planning Analytics IBM is a planning, budgeting, forecasting and scorecarding solution. Planning, budgeting and forecasting processes are automated. Analyze corporate strategy and measure compliance with balanced scorecards.

IBM Planning Analytics Feature Ratings

8.8
Long-term financial planning
8
Financial budgeting
9
Forecasting
9
Scenario modeling
8
Management reporting
10
9.0
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
8
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
10
Detailed Audit Trails
9
9.6
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
10
9.3
Personalized dashboards
9
Color-coded scorecards
10
KPIs
9
Cost and profitability analysis
9
Key Performance Indicator setting
10
Benchmarking with external data
9
9.7
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
10
9.3
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
9
9.5
Drill-down analysis
9
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
9
9.3
Publish to Web
9
Publish to PDF
9
Report Versioning
9
Report Delivery Scheduling
10
8.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
9
Predictive Analytics
8
9.3
Multi-User Support (named login)
9
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
9
9.3
Responsive Design for Web Access
9
Mobile Application
10
Dashboard / Report / Visualization Interactivity on Mobile
9

Comments

More Reviews of IBM Planning Analytics

  1. Home
  2. Corporate Performance Management (CPM) Software
  3. IBM Planning Analytics Reviews
  4. User Review of IBM Planning Analytics