Best solution for planning in organisations
October 18, 2022

Best solution for planning in organisations

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

Overall Satisfaction with IBM Planning Analytics with Watson

IBM planning analytic has come in handy in my organisation in the following ways;In the area of planning it helps in the setting of key Performance Indicators, and analysis of costs and profits.In the area of financial reporting it's helps in giving financial statements and automated based board reporting.in the area of consolidation features it helps in establishment of financial features and identification of minority owners whiting the organisation and also helps in the are of budget planning in terms of forecasting future organisation moves.


Pros

  • In analysis particularly in giving key performance indicators,giving analysis on costs and profits and helping in setting KPIs
  • In budget, planning and forecasting it helps in forecasting itself,reporting on management and financial budgeting.
  • In consolidation and close features it helps in establishment of financial data, identification of minority ownership and coming up with detailed audit trails
  • In financial reporting it helps in coming up with proper financial reports,in management reporting and excel based reporting

Cons

  • IBM planning analytic can be improved by addition of more AI features
  • On the area of budget and forecasting it require in depth documentation support which can be cumbersome
  • On the area of automated planning and forecasting the fact that it is automated closes the ends for improvement making it rigid
  • One of the advantage is on its ability to ease budget and planning
  • Secondly,the fact that it allows for forecasting means based on such insights means that organisations are able to prepare for future eventualities
  • Thirdly, since it can accommodate data from multiple sources means that one is able to carry out best business practices like planning.
The what if analysis allows organisations to come up with different model probabilities and with such we can better prepare for any eventualities good ones or bad ones.
Because of its ability in planning, budgeting and forecasting or work progress.it has made it easy in driving sales hence profitability and lowering costs,also with ability to forecast the decision making has never been made this easier.
The reasons for selecting are on its ability to deliver high returns on investment,it also make it easy coming up with sales plans and cuts short the cycle of sales unlike others.

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?

I wasn't involved with the implementation phase

Would you buy IBM Planning Analytics again?

Yes

I find the IBM analytics by Watson support very responsive and have been go at this when need arises which means twenty four hour a day throughout the year.
I find IBM analytics by Watson easy to use especially for people who have skills in both financial and data fields,however for people who are relatively new at this might find it tricky
As we are aware that analysis is critical in daily running of organisations and IBM analytics by Watson makes this less cumbersome, particularly its ability to use actual data from a wide range of sources and analysis thereof helps ease setting of KPIs and calculation of costs and profits.
IBM analytics by Watson is best suited where new users are deployed and it's automation helps in eradication of human errors
Its ability to allow for analysis helps organisations prepare for future eventualities hence make the right choices.
However some cons go without saying especially on the many features that IBM analytics by Watson can be confusing especially to new users
The other area is in the cost of acquisition removes it from the list of affordable options.

IBM Planning Analytics Feature Ratings

8.0
Long-term financial planning
8
Financial budgeting
7
Forecasting
8
Scenario modeling
9
Management reporting
8
8.0
Financial data consolidation
7
Journal entries and reports
8
Multi-currency management
7
Intercompany Eliminations
8
Minority Ownership
8
Local and consolidated reporting
9
Detailed Audit Trails
9
8.2
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
8
XBRL support for regulatory filing
9
8.6
Personalized dashboards
9
Color-coded scorecards
8
KPIs
9
Cost and profitability analysis
8
Key Performance Indicator setting
9
8.0
Flat file integration
7
Excel data integration
9
Direct links to 3rd-party data sources
8
9.0
Pixel Perfect reports
9
Customizable dashboards
9
Report Formatting Templates
9
8.3
Drill-down analysis
8
Formatting capabilities
9
Integration with R or other statistical packages
8
Report sharing and collaboration
8
8.3
Publish to Web
8
Publish to PDF
8
Report Versioning
9
Report Delivery Scheduling
8
8.3
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
8
Predictive Analytics
9
8.7
Multi-User Support (named login)
Not Rated
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
8
9.0
Responsive Design for Web Access
9

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