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Make Data-Driven Decisions by Improving Budgeting, Planning and Forecasting with IBM PAW
December 14, 2021

Make Data-Driven Decisions by Improving Budgeting, Planning and Forecasting with IBM PAW

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

Overall Satisfaction with IBM Planning Analytics with Watson

I use IBM Planning Analytics with Watson in two different organizations to analyze accounts and manage finances with predictive and analytic intelligence capabilities. IBM Planning Analytics with Watson helped me successfully integrate financial and operational plans across our firm.
  • IBM Planning Analytics with Watson eradicated error-prone spreadsheets and manual procedures when undertaking corporate planning processes.
  • With IBM Planning Analytics with Watson, it is effective to make on-the-moment determinations, pivot in real-time, and improve performance with AI-Infused capabilities.
  • IBM Planning Analytics with Watson has accelerated the planning, forecasting, and budgeting processes hence always getting a clear view of our financial standing in real-time.
  • For IBM Planning Analytics with Watson to offer robust BI tools that can suit all the needs for all types [of] organizations, it requires to be integrated with external business intelligence tools such as Microsoft BI.
  • With predictive insights on IBM Planning Analytics with Watson, it [rapidly makes] future decisions.
  • Evaluating [the] performance of our products in the market, client experiences, and marketing channels with this CPM tool [helps] us gain more profit.
  • IBM Planning Analytics with Watson has reduced [our] workload and time by streamlining and optimizing FP&A processes.
This CPM tool [helps] in maximizing resources when planning by allocating models that can be reused. Scenario planning has helped us to predict future outcomes, with the help of predictive insights hence allowing us to make data-driven determinations.
We chose IBM Planning Analytics with Watson over Synoptix since the latter fails to offer robust data modeling and visualization capabilities. In addition, IBM has world-class technical support that helped us realize high returns on investment on time.

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 PAW support team was helpful in each stage of implementation. They offered tutorials in terms of videos and whitepapers whenever we needed [them]. We acquired help through phone calls, which was effective [in] dealing one-on-one with an expert.
IBM Planning Analytics with Watson is a vital and useful tool for improving business planning. During initial setup, it can be hectic to use, but once you get used to it, it offers the best results when carrying out corporate performance management such as financial reporting and data visualization.
As Senior Account Executive, I have gained a lot with IBM Planning Analytics with Watson when carrying out financial analysis. It has infused predictive insights, AI, and advanced analytics which allows me to present dynamic and accurate budgets, forecasts, and plans rapidly to [the] Chief Account Officer.

IBM Planning Analytics Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
10.0
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
10
10.0
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
10.0
Pixel Perfect reports
10
Customizable dashboards
10
Report Formatting Templates
10
10.0
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
10
10.0
Publish to Web
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
10.0
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
10