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Improved planning and budgeting capabilities with IBM Planning Analytics
February 12, 2024

Improved planning and budgeting capabilities with IBM Planning Analytics

Frances Berger | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

IBM Planning Analytics is a robust and flexible application used for planning, budgeting, forecasting and reporting in our Fortune 500 organization.
We are long time users of the product, implementing in 2007. We implemented in order to bring standardization and efficiencies to our one year planning process - inital rollout to 10+ users. That initial implementation was a great success.
Since that time we have have greatly expanded to approximately 300 users in the Finance organization - expanding our use case to expense and capital budgeting and projections, labor planning, revenue budgeting and forecasting, and executive and management reporting.
  • Flexible product that can easily be customized to various business needs
  • Integration with Excel - the foundation of most Finance organizations
  • Good dashboarding interface in Planning Analytics Workspace
  • Quick response time for complex calculations
  • Simplification of rule writing interface
  • Improved efficiency in the planning process
  • Quicker turnaround time
  • Allows analysts to focus on more high level work and analysis
Scenario planning is an integral part of our planning process. Planning Analytics well supports that capability in terms of data upload interfaces, tight integration with Excel, and the flexibility to set up multiple scenarios.

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

Have experienced good response time when reaching out to support
Easy integration with outside data sources, intuitive user interfaces via Excel and web for data upload, flexible report writing capabilities, supports standard and ad hoc analysis
In my experience, Planning Analytics flexibility makes it well suited for all aspects of planning, budgeting and forecasting.It has also been useful in our organization to aid in developing proforma financial views related to merger or acquisition activity. The web interface Planning Analytics Workspace also provides good dashboarding capabilities for management reporting.

IBM Planning Analytics Feature Ratings

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