The Best Investment for Corporate Financial Planning
June 13, 2019

The Best Investment for Corporate Financial Planning

Amin Mohammed | TrustRadius Reviewer
Score 10 out of 10
Vetted Review

Overall Satisfaction with IBM Planning Analytics on Cloud

It is being used at my client site for reporting the gross margin for the entire organization which otherwise was done in offline Excel spreadsheets.
  • Managed services - IT no longer has to worry about managing the infrastructure - including adding or removing disc space, RAM, upgrades, authorizations, and security, etc. It's all being managed by IBM that proactively monitors the environments and sends regular updates and alerts to keep the client informed of key events.
  • Product upgrades and fixes - IBM owns the complete responsibility to ensure timely upgrades are taking place and fixes are applied to keep the product up to date ensuring the clients are able to leverage the best of the product as soon as it's available. This also includes taking the backups and restoring it when requested with a very proactive Ops team who diligently monitors the emails and responds and addresses the requests 24/7, even at very short notices.
  • Mobility - WIth applications on the cloud, it becomes very convenient for clients to access the reports from anywhere, anytime and from any device that supports the internet without having to be within the corporate network.
  • Losing all the control over the environment and depending on Cloud Ops for performing even small tasks - flexibility needs to be added as to where some ownership can be shared between the client and Cloud Ops.
  • Limitations on logging in to the RDP where no more than 2 users can log in at the same time (I understand this is more of a Microsoft issue - however, a middle path or a workaround must be provided to address the issue at hand).
  • Setting up the ADFS security for the application is still a bit of a process to go through - this can be streamlined a bit.
  • Huge savings on the hardware side.
  • Long terms savings on licenses.
It's well suited for the clients who heavily use it during a certain time of the year (like the budgeting period) and once it is locked down, the usage decreases as it helps in ramping up and down the resources and licenses based on the requirement.
It's also suited for:

-Where clients are planning to move from CapEx to Opex business model for longer capital gains.
-Where managing the infrastructure has become more complex.
-Where they want to be able to be up to the speed with the latest advancements in the PA space.

IBM Planning Analytics Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
6
Financial data consolidation
10
Journal entries and reports
7
Multi-currency management
10
Intercompany Eliminations
7
Local and consolidated reporting
10
Detailed Audit Trails
4
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
6
XBRL support for regulatory filing
Not Rated
Personalized dashboards
5
Color-coded scorecards
5
KPIs
5
Cost and profitability analysis
8
Key Performance Indicator setting
6
Benchmarking with external data
5
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
6
Pixel Perfect reports
8
Customizable dashboards
7
Report Formatting Templates
8
Drill-down analysis
8
Formatting capabilities
7
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
7
Publish to Web
10
Publish to PDF
7
Report Versioning
8
Report Delivery Scheduling
1
Pre-built visualization formats (heatmaps, scatter plots etc.)
5
Location Analytics / Geographic Visualization
6
Predictive Analytics
1
Multi-User Support (named login)
Not Rated
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
1
Mobile Application
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
1