Alaister

Overall rating

Industry: Information Technology & Services
Company size: 11–50 Employees
Used Daily for 6-12 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 7.0 /10

Excellent budget planning tool

Reviewed on 2022/07/09

We have a good experience using it to do budget planning, analysis and forecasting.

Pros

The Excel integration helps us make budget planning and reports. The automated data processing tool is very useful and flexible.

Cons

The learning curve is a little bit high due to lack of documentation. At first, we found this tool difficult to use.

Verified Reviewer

Overall rating

Industry: Banking
Company size: 10,000+ Employees
Used Daily for 2+ years
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 9.0 /10

Great CPM enterprise software

Reviewed on 2020/01/15

We had great experience using IBM Planning analytics implementing the workforce planning, and...

We had great experience using IBM Planning analytics implementing the workforce planning, and marketplace planning. It is stable and robust, supporting enterprise level planning and forecasting.
The integration with cognos analytics make the reporting side easier.

Pros

1. Good performance especially the enhanced processing engine in the recent versions;
2. Robust reporting capability and integration with other IBM software such as IBM Cognos Analytics and Microsoft office;
3. Capability of integration with Watson and SPSS.

Cons

1. Although feeds and rules are the cores of IBM Planning Analytics, it makes the developer really hard to design and troubleshooting, wondering if the complexity can be encapsulated with a more business driven approach;
2.Comparing to other software, IBM Planning Analytics lack of new features in the recent couple of years.

Alternatives Considered

SAP Business Planning and Consolidation

Reasons for Switching to IBM Planning Analytics

The corporate policy and intergation need with other IBM products made us stay with IBM Cognos analytics.

Michael

Overall rating

Industry: Primary/Secondary Education
Review Source

Overall rating

Ease of Use
Likelihood to recommend 8.0 /10

IBM Cognos TM-1

Reviewed on 2016/08/23

Pros

This product allows our Finance team to forecast. Being able to tie the data to our data warehouse allows our users to slice and dice the data they way that they need.

Cons

This product is hard to maintain at times. Being a place that doesn't have trained individuals on how to use this, we have to turn to outside vendors to help us out quite a bit. Doesn't seem to intuitive and is hard to finds information on the internet.

Edward

Overall rating

Industry: Banking
Company size: 10,000+ Employees
Used Daily for 1+ year
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 10.0 /10

Review of IBM Planning Analytics

Reviewed on 2024/06/17

It has been a good choice as far as functionality.

Pros

- ease of use with Excel, word and PowerPoint applications

Cons

The overall cost is higher that other products because of the license

Paul

Overall rating

Industry: Accounting
Company size: Self Employed
Used Daily for 2+ years
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 8.0 /10

IBM Planning Analytics for Planning and Reporting in Finance Depts

Reviewed on 2023/02/16

I have built complex models in TM1 for both Management and Statutory Accounts. I have built...

I have built complex models in TM1 for both Management and Statutory Accounts. I have built planning models in areas such as property valuations, ship building project costing, airline route profitability, currency conversion, activity based costing, public finance initiative scenario comparison, etc

Pros

TM1 aka Planning Analytics will consolidate data in real-time. As soon as a budget figure is changed at the bottom of the hierarchy you can see the impact of that change on all higher level numbers, and on any related values for which calculations can be defined in its rules language. It can easily cope with Currency Conversion, Rate based Planning, Allocations, Activity Based Costing, etc. The multi-cube architecture means that if you change a value in eg the Price cube you can see the impact on other related cubes, such as Sales and Profit and Loss. It has real time links to Excel making it easy to build Excel sheets that can be used as input templates for budgeting, where entering a number instantly updates the underlying TM1 cube and which can also be used for sophisticated reporting. The Excel workbooks can be easily published to TM1 Web where are then accessible to anyone with a web browser. Data can be both entered and reported on, in the web.

Cons

The Planning Analytics Workbench PAW is not as capable as Power BI for Dashboarding. However, the modelling and planning capabilities of TM1 are superior to those of Power BI.

Gerson

Overall rating

Used for 1+ year
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 7.0 /10

Trustworthy as TM1

Reviewed on 2018/02/22

Predictive insights uncovered automatically with just a few clicks

Pros

It's powered by TM1 another great solution of IBM. Eliminate manual tasks derived from the constant and tedious use of spreadsheets. It provides dynamic planning and analytics workspace to model real-time scenarios. Once I export it to Excel as a formula driven file, all I have to do is edit the cell that it is pulling from and the result will vary depending of the desired result.

Cons

Must wait some time while files are processed. Also penalize heavily errors. But once is set the results are great.

Madhukeshwari

Overall rating

Industry: Computer Software
Company size: 11–50 Employees
Used Weekly for 2+ years
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 10.0 /10

Awesome tool to manage budget and planning

Reviewed on 2018/09/06

Pros

Its multi task software, so no need to buy different software to manage your organisation planning, reports are exporting to excel so easily modify it as you wish

Cons

Bit difficult to setup, no more articles over the internet, you need to ask some techies for one time setup. Later anyone can handle it

Luigi

Overall rating

Industry: Computer Software
Company size: Self Employed
Used Weekly for 2+ years
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 9.0 /10

A predictive/analysis software at fist class

Reviewed on 2019/02/02

Pros

If you need to perform Budgetting activities having several cost centers and managers from which you need to collect budget data, this is the solution to your need.

Cons

The direct support supplied by IBM is more a commercial than technical support, by the way there is plenty of IBM partners supporting it

David

Overall rating

Industry: Management Consulting
Review Source

Overall rating

Ease of Use
Customer Support
Likelihood to recommend 8.0 /10

I've been a TM1 consultant and administrator for the past 5 years.

Reviewed on 2015/08/28

Pros

It is a very power tool if used in the right situation in the right way.

Cons

Ability to create complete UI and getting data out of it.

Jeffrey

Overall rating

Industry: Real Estate
Company size: 1,001–5,000 Employees
Used Weekly for 1+ year
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 8.0 /10

BI Product

Reviewed on 2017/03/13

Pros

The overall product provides a central system and removes the need to purchase many different platforms.

Cons

The security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory

Nabeel

Overall rating

Industry: Government Administration
Company size: 1,001–5,000 Employees
Used Monthly for 6-12 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 5.0 /10

TM1 Review

Reviewed on 2017/11/18

TM1 is a great tool to have as long as the organization's system interfacing are setup to work...

TM1 is a great tool to have as long as the organization's system interfacing are setup to work reliably and the databases are designed to interface with each other. If these conditions are not ideal, then TM1 will not add as much value to the organization as it is designed to.

Pros

The biggest advantage of using IBM Cognos TM1 is the ability to fully incorporate budgets and planning into the accounting system and the ability to use Cognos and Costpoint and other softwares to expand, analyze and extrapolate these budgets, planning and forecasts.

Cons

TM1 heavily relies on data feed from other systems whether it be Cognos, CostPoint or T&E and any small issue during the data interface can skew the analysis and often result in errors and misleading financial analysis.

Luigi

Overall rating

Industry: Management Consulting
Company size: Self Employed
Used Monthly for 2+ years
Review Source

Overall rating

Ease of Use
Customer Support
Likelihood to recommend 9.0 /10

The best budgetting sw ever seen

Reviewed on 2018/01/10

I devellopped twice TM1 and my customers were always happy

Pros

IBM Cognos TM 1 is the best solution for budgetting & modelling; it has a strong adherence to each budgetting process due to its flexibility

Cons

The price is a little high for those companies having small business; the interface could be improuved

Amanda

Overall rating

Industry: Construction
Company size: 11–50 Employees
Used Daily for 1-5 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 9.0 /10

Best Customer Service

Reviewed on 2016/10/25

IBM has the absolute best customer service. Each time we had an issue there was someone from their...

IBM has the absolute best customer service. Each time we had an issue there was someone from their IT Support to help right away. We spoke with a guy named Steve once that fixed us up perfectly. Thank you IBM and thank you Steve!

IBM Planning Analytics Reviews