Considering IBM Planning Analytics?
October 01, 2024

Considering IBM Planning Analytics?

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

Overall Satisfaction with IBM Planning Analytics

We use IBM Planning Analytics for Budgeting and Forecasting across our stores, depots, business units, cost centres and projects. With over 700 locations, 30 business units, 160 cost centres, 1600 Accounts and a multitude of projects (plus 17 markets and multiple currencies) there is a lot to manage and keep track of. We originally ran a primarily bottom-up approach using Contributor but found that the need to centrally adjust budgets negated the value of direct local input and so we we reverted to a centralised collaborative model

Pros

  • Consolidation and Data Roll-up
  • Application of rules
  • Spreading and Financial Adjustments

Cons

  • Staying License compliant with on-prem solutions can be challenging
  • IBM Documentation is lightweight - there is a reliance on 3rd parties
  • The wealth of security options is great, but can be difficult to administer
  • Efficiency - Analysing data rather than entering/gathering it
  • Flexibility - Last minute system-wide changes
We don't use Planning Analytics for what-if analysis
Planning Analytics integrates seamlessly with Cognos Analytics to support all aspects of our Financial Reporting against both dimensional (TM1) and relational and ad hoc data sources

Do you think IBM Planning Analytics delivers good value for the price?

Not sure

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?

I wasn't involved with the implementation phase

Would you buy IBM Planning Analytics again?

Yes

We use an IBM Partner for support
The range of supporting clients and technologies make Planning Analytics easy to work with
Well suited for..
Large/complex organisations,
Budget Adjustments,
Top-down budget spreading
Not suited for..
Finance Departments without technical knowledge

IBM Planning Analytics Feature Ratings

8.8
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
7
Management reporting
7
10.0
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
10
8.5
Financial Statement Reporting
8
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
9.4
Personalized dashboards
7
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
Not Rated
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated
8.0
Customizable dashboards
8
9.3
Drill-down analysis
8
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
10
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
9.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
9
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
Not Rated
Single Sign-On (SSO)
10
Not Rated
Responsive Design for Web Access
Not Rated
Mobile Application
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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