Powerful fast engine that provides solid planning and reporting solutions
Overall Satisfaction with IBM Planning Analytics with Watson
IBM Planning Analytics is used as an overall planning and reporting tool. It includes summarized modules associated with financial reporting (income statement, balance sheet, and cash flow) and detailed modules associated with revenue (by customer), staff planning (by person), and capital planning (by asset). It also includes allocations, eliminations and currency analyses. Overall, the model is used to help automate tasks associated with planning, budgeting, forecasting, reporting and analysis.
Pros
- Fast processing.
- Ad-hoc analysis.
- Complex calculations - nothing that it cannot do.
Cons
- Web interface.
- Ability to store complex calcs means training is required.
- Easy to import and link to external data.
- Easy to pre-seed and perform budgeting.
Scenario planning is a requirement for the business. IBM Planning Analytics allows for multiple scenarios. It allows for public scenarios that everyone can see and also allows for personal scenarios that only one person can see (called sandboxing). Sandboxes are used to create personal what-if scenarios before submitting the results to the overall plan.
- Workday Adaptive Planning, Anaplan and SAP BPC (Business Planning and Consolidation)
Other tools include Essbase, Outlooksoft, and BPC. When comparing the length of the implementation and the speed of the engine, IBM is the fastest on the market. I have not yet found a calculation or planning approach that cannot be done with IBM PA. In one situation, an allocation that took 24+ hours in another tool was created in Planning Analytics and only took 45 minutes to run.
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
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