Most optimal Solution for Budgeting and Forecasting
July 20, 2021

Most optimal Solution for Budgeting and Forecasting

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

Overall Satisfaction with IBM Planning Analytics with Watson

IBM Planning Analytics with Watson is used in selected business units in our organization. It has allowed us to create budgets and forecasts in real-time. Also, it is easy to analyze profitability by product and region via multidimensional models.

Pros

  • It is easy to develop multidimensional models that help to analyze profitability by region and product.
  • Creation of reliable plans, budgeting and forecasting.

Cons

  • They have few reporting templates; they should add more.
  • No errors incurred when forecasting and budgeting since the process is automated.
  • We have always been able to know the progress of our business by determining profitability through multidimensional channels.
We are able to make informed decisions by creating AI based systems that enhances business planning through IBM Planning Analytics with Watson.
IBM Planning Analytics with Watson is the best for planning and analytics since it has robust features compared to the latter.

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

IBM Planning Analytics with Watson not only focuses on planning and analytics but also helps to automate accounting procedures such as budgeting and forecasting, which is rare on other related programs.
It is easy to implement and use with minimal supervision from the Vendor Success Team or inhouse support team and the vendor offers free customer services.
IBM Planning Analytics with Watson best suits every business unit once customized well. The budgeting process has been standardized and streamlined by this software. Our planning process is up and running 24/7.

IBM Planning Analytics Feature Ratings

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

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