Complete Solution for Financial Planning
September 27, 2023

Complete Solution for Financial Planning

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

Overall Satisfaction with IBM Planning Analytics

We are using it for yearly budgeting and monthly rolling forecast for 18 months.
Used in whole APAC-MEA region
Business user do financial planning it it and submit the final numbers for group reporting.
We face server capacity issues at the time of peak usage.
We looking for better dashboards and reporting in PAW as we recently shifted to PAW
  • What-if Analysi
  • Bottom-up Consolidation
  • Workflow management
  • User and application/cube/cell level security
  • Interactive Dash-boarding/Reporting
  • Connecting seamlessly with SAP ERP
  • Scheduling the automated jobs
  • 30% time reduction for monthly forecast submission
  • Quicker and wider access of reports.
  • Multiple way of data submission as per user connivence
  • Combine data from various different data source and make single source-of truth
Very important for business the scenario planning and what-if analysis to see the impact on GS and GP or EBIT
Also help to determine the slow and fast moving products.
Use of sand boxes help a-lot to finalize the plan after quick itrrations.

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

Support for PMRs are quick as per the priority issues.
Overall PA is complete product now with introduction of reporting/dash-boarding facilities.
Very well customizable for different departments of a company to make a complete solution.
SAP BW/4HANA, Blue Prism Cloud, SAP BPC (Business Planning and Consolidation)
IT works well with large data set.
User friendly with introduction of PAW
Cloud and AWS connectivity make it more flexible and fast.
Can handle large numbers of user without any security lag
Connect well with upstream and downstream systems.

IBM Planning Analytics Feature Ratings

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