IBM Planning Analytics

IBM Planning Analytics

Planning, budgeting, forecasting, analysis & scorecarding

4.2/5 (9 reviews)

IBM Planning Analytics Overview

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
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

United States

Supported Languages

English

IBM Planning Analytics Reviews

Overall rating
4.2/5
78% positive reviews
5
Excellent
2
Very good
1
Average
1
Poor
0
Terrible
Michael B.

IBM Cognos TM-1

Reviewed on 2016/08/23
Review Source: SoftwareAdvice

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.

Rating breakdown

Ease of Use

Likelihood to recommend

8.0/10
Gerson M.

Trustworthy as TM1

Used Other for 1+ year
Reviewed on 2018/02/22
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

7.0/10
Luigi S.

A predictive/analysis software at fist class

Used Weekly for 2+ years
Reviewed on 2019/02/02
Review Source: SoftwareAdvice

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Madhukeshwari S.

Awesome tool to manage budget and planning

Used Weekly for 2+ years
Reviewed on 2018/09/06
Review Source: SoftwareAdvice

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
David C.

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

Reviewed on 2015/08/28
Review Source: SoftwareAdvice

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.

Rating breakdown

Ease of Use
Customer Support

Likelihood to recommend

8.0/10

IBM Planning Analytics Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

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 Features


  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Automatic Notifications
  • Billing & Invoicing
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Real Time Data
  • Receiving
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

Additional information for IBM Planning Analytics

Key features of IBM Planning Analytics

  • Budgeting & forecasting
  • Microsoft Excel integration
  • Multi-department / project
  • Predictive analytics
  • Predictive modeling
  • Quick-start templates
  • Run rate tracking
  • Scenario planning
  • Scorecarding
  • Self service analytics
  • Strategic planning
  • Visual analytics
  • What if scenarios

Benefits

  • 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.
  • IBM Planning Analytics FAQs

    Below are some frequently asked questions for IBM Planning Analytics.

    Q. What type of pricing plans does IBM Planning Analytics offer?

    IBM Planning Analytics offers the following pricing plans:

    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.

    Q. What are the main features of IBM Planning Analytics?

    IBM Planning Analytics offers the following features:

    • Budgeting & forecasting
    • Microsoft Excel integration
    • Multi-department / project
    • Predictive analytics
    • Predictive modeling
    • Quick-start templates
    • Run rate tracking
    • Scenario planning
    • Scorecarding
    • Self service analytics
    • Strategic planning
    • Visual analytics
    • What if scenarios

    Q. Who are the typical users of IBM Planning Analytics?

    IBM Planning Analytics has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does IBM Planning Analytics support?

    IBM Planning Analytics supports the following languages:

    English

    Q. What type of pricing plans does IBM Planning Analytics offer?

    IBM Planning Analytics has the following pricing plans:

    Subscription

    Q. Does IBM Planning Analytics support mobile devices?

    We do not have any information about what devices IBM Planning Analytics supports

    Q. What other apps does IBM Planning Analytics integrate with?

    IBM Planning Analytics integrates with the following applications:

    Microsoft Excel, Polonious

    Q. What level of support does IBM Planning Analytics offer?

    IBM Planning Analytics offers the following support options:

    Online Support, Phone Support