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Easy and Reliable......Data Analysis, Budgets and Forecasts
September 27, 2023

Easy and Reliable......Data Analysis, Budgets and Forecasts

JOSE REFUGIO VELASCO | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

IBM Planning Analytics is used within the company for the following cases:

Preparation of the annual budget of income cost and expenses
Get actual and comparative revenues, costs and expenses vs budgets
Analysis and determination of profitability by products (real & budgets)
Financial and operational KPI's

This integrates different companies and branches. Having the information faster, ordered and analyzed allow us to make timely decisions.
  • Integration of data form different sources
  • Data consolidation and visualization
  • Elaboration of dashboards
  • Easy to learn environment
  • the most aesthetic report design and create more flexible models
  • correlate data more simply like other programs
  • Budget preparation times have been optimized by 80%
  • The preparation of the actual vs budget analysis for each week or month is immediate
  • Decision making is more effective based on reliable and immediate data
For our company, using IBM Planning Analytics has resulted in an efficient tool that allows us to have all the information about our products online (sales, profitability, availability). Based on all this, we can generate accurate and appropriate forecasts for our industry. And correctly analyze each branch
Cognos is a tool that complements IBM Planning Analytics, allowing us to design dashboards and management reports

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?

I wasn't involved with the selection/purchase process

Did implementation of IBM Planning Analytics go as expected?

Yes

Would you buy IBM Planning Analytics again?

Yes

From the IBM Planning Analytics implementation process and the support we have had for report designs, improvements to obtaining information; The IBM Planning Analytics team has been dedicated and focused on providing specific solutions to our problems
In my experience, it is a very powerful, dynamic and reliable tool.

I think it is very easy to use and create reports for detailed and accurate analysis of the information.
Good aspects of PAW
  • Efficient, dynamic and simple collaborative work
  • Very efficient and simple data consolidation
  • development of dynamic and practical reports and KPIs
  • intuitive and confiable platform
  • Online and real time information
Points to improve
  • data correlation in the simplest data module
  • more types of report designs and templates
  • data creation more simplified calculations

IBM Planning Analytics Feature Ratings

8.8
Long-term financial planning
Not Rated
Financial budgeting
9
Forecasting
8
Scenario modeling
9
Management reporting
9
Not Rated
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
8.4
Personalized dashboards
9
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
9
Key Performance Indicator setting
8
Benchmarking with external data
Not Rated
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
8.0
Drill-down analysis
8
Formatting capabilities
8
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
8.3
Publish to Web
9
Publish to PDF
7
Report Versioning
9
Report Delivery Scheduling
8
8.3
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
8
Predictive Analytics
8
Pattern Recognition and Data Mining
Not Rated
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Single Sign-On (SSO)
10
9.0
Responsive Design for Web Access
9
Mobile Application
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

Self-Service

I think the platform is very intuitive and it is quick to learn how to create the designs and the data / rules for the projections, in my case we are 80% - 85% self-taught