IBM Planning Analytics is the future of planning we have all been waiting for
August 11, 2020

IBM Planning Analytics is the future of planning we have all been waiting for

Ausrine Stankeviciute | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

As a developer who needs to make data-driven decisions, I use IBM Planning Analytics for its sophisticated planning, analytics, and artificial intelligence capabilities. IBM Planning Analytics is well integrated into the IBM suite of tools and offers state-of-the-art forecasting and planning functionalities that are easy to replicate and take advantage of. It's the planning tool of the future! The main business problem that IBM Planning Analytics helps us solve is the need for AI-empowered forecasting and budgeting.

Pros

  • Forecasting, Budgeting, and Planning
  • Easy to set up and customize
  • Strong data storage and security protocols with IBM

Cons

  • There's a lot of functionality that the platform has, so it's easy to get lost.
  • Training on how to take advantage of the full functionality of the platform is needed.
  • Requires coding knowledge
  • Sped up decision-making
  • Centralized forecasting and reporting
  • Facilitated financial reporting
I used Oracle Hyperion Planning System before I switched to IBM Planning Analytics, and I believe that IBM has a stronger offering and capabilities when it comes specifically to financial forecasting and long-term planning. It's easier to use, with added artificial intelligence features, such as NLP functionalities and cognitive processing.

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

Overall, my experience with using IBM Planning Analytics has been nothing short of amazing. I found the tool to be a true visionary among its competitors and offer value-added features that make it stand out from the pack. In particular, I applaud the AI features and they provide that next-level insight and processing capability that is hard to replicate with manual work.
IBM Planning Analytics is well suited for:
* Organizations that already have, use, and are familiar with IBM suite of tools
* Where enterprise-grade forecasting and planning is needed to guide long-term strategy
* Where complex business problems exist that require complex solutions

IBM Planning Analytics is not well suited for:
* Small teams and start-ups

IBM Planning Analytics Feature Ratings

9.6
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
9
9.0
Financial data consolidation
10
Journal entries and reports
9
Multi-currency management
8
Intercompany Eliminations
9
Local and consolidated reporting
8
Detailed Audit Trails
10
9.6
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
8
9.2
Personalized dashboards
8
Color-coded scorecards
10
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
10
9.3
Flat file integration
10
Excel data integration
9
Direct links to 3rd-party data sources
9
8.0
Pixel Perfect reports
9
Customizable dashboards
8
Report Formatting Templates
7
10.0
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
10
9.5
Publish to Web
9
Publish to PDF
10
Report Versioning
9
Report Delivery Scheduling
10
9.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
9.3
Multi-User Support (named login)
8
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
Not Rated
9.5
Responsive Design for Web Access
10
Mobile Application
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
9

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