IBM Planning Analytics Review
October 15, 2025

IBM Planning Analytics Review

Mukhtiyar Ahmed | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics

We use IBM Planning Analytics for our budget planning ,budget forecasting real time analysis and reporting of data across organization.

The Pax Excel add in helps us to directly interact with the data in the excel without the need of switching different tools.

We also use the TM1 for resources allocation planning and asset management to align with our IT spending and future forecasts.

Pros

  • Budget planning and budget forecasting
  • Resource planning for a team with Budget allocations and Asset lifecycle management
  • Manual reconciliation efforts are not needed

Cons

  • Requires a lot of time to learn and master it
  • Advance features are a little complex to understand
  • If the data set is very big it takes a lot of time to process it hence the performance is slower
  • Initial upfront cost is high including the license cost
  • When compared with Power BI the IBM analytics lags behind
  • Positive Impact as we are able to forecast the budget for the entire year with significant time saving
  • All the complex data is can be easily processed and with Excel add in functionality its easier to have all the data in one place which can be used to create Pivot or data visualization.
  • The date protection protocols are well set up
Planning Efficient is very good as we can seamlessly plan and work on all the budgets
Excel Add in integration.
User friendly interface with web based workspace and drag/drop functionality.
Forecast the budget with Data visualization.

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?

I wasn't involved with the selection/purchase process

Did implementation of IBM Planning Analytics go as expected?

No

Would you buy IBM Planning Analytics again?

Yes

IBM Planning Analytics is well suited for an IT organization during Budget planning exercise as the tool can easily forecast the data which helps in budget planning easy, The planning efficiency is vey quick and real time data processing can be done. The support add-in for Excel is a game gamechanger because we can seamlessly integrate all of the data in excel and use the TM1 Add in functionality.

IBM Planning Analytics Feature Ratings

9.0
Long-term financial planning
8
Financial budgeting
9
Forecasting
10
Scenario modeling
10
Management reporting
8
8.0
Financial data consolidation
9
Journal entries and reports
10
Multi-currency management
7
Intercompany Eliminations
8
Minority Ownership
9
Local and consolidated reporting
6
Detailed Audit Trails
7
8.8
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
10
Automated board and financial reporting
9
XBRL support for regulatory filing
9
7.0
Personalized dashboards
8
Color-coded scorecards
6
KPIs
6
Cost and profitability analysis
7
Key Performance Indicator setting
7
Benchmarking with external data
8
9.0
Flat file integration
8
Excel data integration
10
Direct links to 3rd-party data sources
9
7.0
Pixel Perfect reports
7
Customizable dashboards
7
Report Formatting Templates
7
7.3
Drill-down analysis
8
Formatting capabilities
7
Integration with R or other statistical packages
7
Report sharing and collaboration
7
8.0
Publish to Web
8
Publish to PDF
8
Report Versioning
8
Report Delivery Scheduling
8
6.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
7
Location Analytics / Geographic Visualization
6
Predictive Analytics
7
Pattern Recognition and Data Mining
6
7.6
Multi-User Support (named login)
7
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
8
Single Sign-On (SSO)
8
7.0
Responsive Design for Web Access
8
Mobile Application
8
Dashboard / Report / Visualization Interactivity on Mobile
5

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