A Perfect 10/10: IBM Planning Analytics Excels in Every Aspect
September 30, 2023

A Perfect 10/10: IBM Planning Analytics Excels in Every Aspect

Alexander Schnell, MTA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

Breakaway Technologies has successfully harnessed the power of IBM Planning Analytics with Watson to revolutionize its forecasting processes, particularly in the Gross to Net (G2N) domain. With a decade-long history of use and continuous software enhancements, such as the integration of hierarchies, Workspace's workbench, and advanced forecasting tools, the Services department at Breakaway Technologies has found invaluable support. Their success metric, comparing Watson's forecast accuracy to traditional methods, consistently demonstrates Watson's superiority. This streamlined approach prioritizes automation, simplification, and customization to meet clients' dynamic needs, aligning with a philosophy of minimal regulations and high-level transparency, driving impressive results in the field of forecasting.
  • Forecasting
  • Reporting
  • Uses Artificial Intelligence
  • Planning Analytics does not have a native mobile app. This can be a limitation for users who need to access their plans on the go.
  • An easier way to share and collaborate on plans with other users, both within and outside of the organization.
  • The Planning Analytics user interface can be complex and difficult to learn, especially for new users. It would be helpful to have a more modern and streamlined interface, with more intuitive navigation and controls.
  • Improved data accessibility
  • Improved forecast accuracy
Planning Analytics allows you to create multidimensional models of your business, which can include dimensions such as products, markets, and time periods. This makes it easy to model different scenarios and see the impact on different parts of your business. It also provides a sandbox environment where you can test different scenarios without affecting your production data.

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

The IBM support team generally possesses the necessary knowledge to assist, yet occasional gentle nudges may be required to expedite their actions.
IBM Planning Analytics offers a dynamic user experience. While it continually evolves, mastering the fundamentals ensures ease of use.
Pros: Performing what-if analysis and scenario planning and managing large datasets.

Cons: The user interface can be complex and difficult to learn, especially for new users.

IBM Planning Analytics Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
8
Journal entries and reports
8
Multi-currency management
5
Intercompany Eliminations
8
Minority Ownership
Not Rated
Detailed Audit Trails
8
Financial Statement Reporting
8
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
10
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
8
Benchmarking with external data
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Pixel Perfect reports
Not Rated
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
7
Publish to Web
5
Publish to PDF
8
Report Versioning
8
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
Pattern Recognition and Data Mining
10
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
Responsive Design for Web Access
5
Mobile Application
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated