IBM Planning Analytics with Watson

Planning, budgeting, forecasting, analysis & scorecarding

About IBM Planning Analytics with Watson

IBM Planning Analytics is an enterprise-level business intelligence solution offering cloud-based deployment for organizations of all sizes and across all sectors. Promising the powerful automation over the discovering of actionable insights, IBM Planning Analytics crucially supports planning, budgeting, forecasting and scorecarding processes. Built on IDM TM1’s renowned OLAP engine, the product also gives business users access to self-service analytics while multidimensional modelling adds flexibility for finance teams. Finance-owned planning tools again allow organizations to leverage predictive insights when steering business decisions.

In addition, users can look forward to achieve better results across planning, budgeting and forecasting with detailed “what-if” scenario testing. The solution also assists with rapid deployment and general usability by virtue of quick-start templates, customizable to meet specific business needs. Aside from IBM Planning Analytics’ own dashboard-based UI, the product also allows users to work within the familiar Microsoft Excel interface where beneficial to compliment existing workflows.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to IBM Planning Analytics with Watson

Key benefits of IBM Planning Analytics with Watson

  • IBM Planning Analytics harnesses business intelligence data to automate the generation of insights for planning, budgeting and forecasting.
  • Boasting a customizable planning workspace, the system provides access to quick-start templates adaptable to better reflect particular business requirements.
  • Derive predictive insights automatically from business data before leveraging “what-if” scenarios to analyze assumptions and forecast strategic results.
  • Alongside the software’s own intuitive tabbed-based interface, users can also switch seamlessly across to Microsoft Excel’s familiar workspace where desired.
  • Powered by the the Online Analytical Processing (OLAP) engine of IBM TM1, IBM Planning Analytics is an Enterprise-class solution suitable for organizations of any scale.
  • Typical Customers

    • Freelancers
    • Small Businesses (2-50)
    • Mid-size Companies (51-500)
    • Large enterprises (500 and more)

    Deployment

    • Cloud-based
    • On-premise

    Markets

    Argentina, Australia, Austria, Belgium, Brazil and 42 others

    Supported Languages

    Arabic, Brazilian Portuguese, Chinese, English, European Portuguese and 11 others

    Pricing starting from:

    Not provided by vendor

    • Free Version
    • Free Trial
    • Subscription

    Top 5 alternatives to IBM Planning Analytics with Watson

    Images

    IBM Planning Analytics with Watson Software - Promising a customizable planning hub, the intuitive tabbed UI is complimented by Microsoft Excel workspace integration
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    IBM Planning Analytics with Watson Software - Promising a customizable planning hub, the intuitive tabbed UI is complimented by Microsoft Excel workspace integration
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    Features

    Total features of IBM Planning Analytics with Watson: 27

    • "What If" Scenarios
    • Ad hoc Reporting
    • Asset Lifecycle Management
    • Budgeting/Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Customizable Templates
    • Dashboard
    • Forecasting
    • General Ledger
    • Income & Balance Sheet
    • KPI Monitoring
    • Key Performance Indicators
    • Machine Learning
    • Modeling & Simulation
    • Multi-Company
    • Multi-Department/Project
    • Natural Language Processing
    • Performance Metrics
    • Predictive Analytics
    • Profit/Loss Statement
    • Reporting/Analytics
    • Scenario Planning
    • Scorecards
    • Strategic Planning
    • Version Control
    • Visual Analytics

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    Reviews

    Overall rating

    4,2 /5
    (12)
    Value for Money
    4,2/5
    Features
    4,6/5
    Ease of Use
    4,0/5
    Customer Support
    3,8/5

    Already have IBM Planning Analytics with Watson?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 12
    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

    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.

    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.

    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.

    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.

    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.

    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.

    Showing 5 reviews of 12 Read all reviews

    IBM Planning Analytics with Watson FAQs

    Below are some frequently asked questions for IBM Planning Analytics with Watson.

    IBM Planning Analytics with Watson offers the following pricing plans:

    • Starting from:
    • Pricing model: Subscription
    • Free Trial: Available

    IBM Planning Analytics can be deployed either in the cloud or on-premises. Contact vendor for a pricing quote based on specific requirements.

    IBM Planning Analytics with Watson has the following typical customers:

    11-50, 51-200, 201-500, 501-1 000, 1 001-5 000

    IBM Planning Analytics with Watson supports the following languages:

    Arabic, Brazilian Portuguese, Chinese, English, European Portuguese, French, German, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Traditional Chinese, Turkish

    IBM Planning Analytics with Watson supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    IBM Planning Analytics with Watson integrates with the following applications:

    Microsoft Excel

    IBM Planning Analytics with Watson offers the following support options:

    Email/Help Desk, Phone Support, 24/7 (Live rep)

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