IBM Planning Analytics for scenario planning and what-if analysis
October 02, 2024

IBM Planning Analytics for scenario planning and what-if analysis

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

You can use it for deep analysis of sales data for example using Exploration View to show the total sales by product line generated by each sales representative, per area, then comparing that over time. You can then begin to complete "What if questions" - asking it to analyze the consequences of discontinuing retail sales compared to mail order methods, and what would be the likely implications on sales per region.

Pros

  • Analysis of really complex data
  • Testing of "What If" senarions
  • Summaring and projecting forward theories

Cons

  • Can be quite difficult to learn
  • is complex to fix it you get formula/setup wrong
  • there is a high learning curve
  • time saving in developing business cases
  • improved data accessibility
  • better accuracy of projections
IBM Planning Analytics is a really good tool for enabling scenario planning and the development of what-if analysis. It is particularly effective in using sales data to project future sales forecasts and what-if options. It is also really effective if you also allow it to process financial data as well as sales data
This was an older verions that was also very good, but the new IBM Planning Analytics is a far better tool that enables better scenario planning or what-if analysis.

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

It is a good all round product, good value and best all-around product for this type of work.
It is good overall usability, but can still take a little time to learn
Analysis of financial data, as well as Analysis of complex sales data. It is really good at calculating possible future scenarios and options, that can then be moved into business cases, to justify proposals for management. The business cases can then be reworked in a live scenario to generation other options.

IBM Planning Analytics Feature Ratings

8.2
Long-term financial planning
9
Financial budgeting
8
Forecasting
9
Scenario modeling
8
Management reporting
7
7.7
Financial data consolidation
8
Journal entries and reports
8
Multi-currency management
7
Intercompany Eliminations
8
Minority Ownership
7
Local and consolidated reporting
8
Detailed Audit Trails
8
7.6
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
8
XBRL support for regulatory filing
7
8.0
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
8.3
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
8
8.0
Pixel Perfect reports
8
Customizable dashboards
9
Report Formatting Templates
7
6.0
Drill-down analysis
6
Formatting capabilities
6
Integration with R or other statistical packages
6
Report sharing and collaboration
6
7.8
Publish to Web
8
Publish to PDF
8
Report Versioning
8
Report Delivery Scheduling
7
7.3
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
8
Predictive Analytics
7
Pattern Recognition and Data Mining
6
6.0
Multi-User Support (named login)
6
Role-Based Security Model
6
Multiple Access Permission Levels (Create, Read, Delete)
6
Report-Level Access Control
6
Single Sign-On (SSO)
6
7.3
Responsive Design for Web Access
6
Mobile Application
8
Dashboard / Report / Visualization Interactivity on Mobile
8

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