IBM Planning Analytics- A time saver for Prediction and Planning
December 30, 2022

IBM Planning Analytics- A time saver for Prediction and Planning

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

Overall Satisfaction with IBM Planning Analytics with Watson

IBM Planning analytics is being used in my current organization to create Optimized dashboards for reporting, for tracking KPIs, and make decisions based on the custom visualizations, making it easier to explain to the clients. We have primarily focussed our reporting to identifying the research points, improvements in the pipeline, and better planning to direct our projects to the areas of high concerns and co-related factors.

Pros

  • Dealing with complex datasets
  • Dashboard optimization
  • Better than traditional BI tools for frequently updating data

Cons

  • UI is a bit complex, could be made more easier
  • Documentation needs to be imrpoved
  • The forecasting feature is quite good, have been close to accurate on few difficult instances
  • Deals extremely well with Excel data
  • Can be a bit difficult to start with although once you are familiar, it provides lot of time-saving features
My project requires frequent forecasting and prediction results, for that reason it's better to have some software in hand which provides with capabilities to address as many ambiguities as possible. That's where IBM Planning Analytics helps us to a great extent, to provide with what-if analysis and scenario based outcomes to better understand and prepare for a change in incoming stream of data.
I am personally trying to explore the features of SAP Analytics Cloud in order to find if it's possible to integrate other sources of data and api based integrations, but I'm still on it while using the IBM planning analytics for my project currently. But looking at the intial reviews, I find that IBM planning anaytics provides with better reporting experience than the competitors.

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?

Yes

Would you buy IBM Planning Analytics again?

Yes

Although I find the IBM Planning analytics documentation quite time consuming, their support with email and call is something i can term as very considerate and patient, I have had few calls about the features and how i would want to implement them within my projects, and the teams have been super helpful to resolve my issues.
Some good things about the product are its forecasting and predictive capabilities with a good amount of data, although the documentation and complexity are concerning points for new users. So, all in all, if the teams can put in the required time to learn the features, this tools can be time-saver in the long run.
IBM planning analytics has come in handy to us to create faster and much more comprehensible visualization with ease, helped us to identify the concerning and co-related points. Predictive capability seems quite good, with scenarios and what-if analysis it becomes easy to address the glitches that might occur and still have a reliable prediction output.

IBM Planning Analytics Feature Ratings

Long-term financial planning
7
Financial budgeting
7
Forecasting
8
Scenario modeling
9
Management reporting
9
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
9
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
8
KPIs
9
Cost and profitability analysis
9
Key Performance Indicator setting
10
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
6
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
8
Drill-down analysis
8
Formatting capabilities
9
Integration with R or other statistical packages
7
Report sharing and collaboration
9
Publish to Web
Not Rated
Publish to PDF
9
Report Versioning
8
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
7
Location Analytics / Geographic Visualization
7
Predictive Analytics
9
Multi-User Support (named login)
7
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
8
Single Sign-On (SSO)
7
Responsive Design for Web Access
8

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