IBM Planning Analytics
IBM Planning Analytics
About IBM Planning Analytics
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.
Key benefits of IBM Planning Analytics
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IBM Planning Analytics
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Reviews
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- Industry: Information Technology & Services
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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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.
- Industry: Banking
- Company size: 10,000+ Employees
- Used Daily for 2+ years
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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 ConsolidationReasons for Switching to IBM Planning Analytics
The corporate policy and intergation need with other IBM products made us stay with IBM Cognos analytics.- Industry: Primary/Secondary Education
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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.
- Industry: Banking
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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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.
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
- Industry: Accounting
- Company size: Self Employed
- Used Daily for 2+ years
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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.
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:
- Starting from: US$150.00/month
- 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. Who are the typical users of IBM Planning Analytics?
IBM Planning Analytics has the following typical customers:
11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does IBM Planning Analytics support?
IBM Planning Analytics supports the following languages:
Arabic, Brazilian Portuguese, Chinese, English, European Portuguese, French, German, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Traditional Chinese, Turkish
Q. Does IBM Planning Analytics support mobile devices?
IBM Planning Analytics supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does IBM Planning Analytics integrate with?
IBM Planning Analytics integrates with the following applications:
Microsoft Excel
Q. What level of support does IBM Planning Analytics offer?
IBM Planning Analytics offers the following support options:
Email/Help Desk, Phone Support, 24/7 (Live rep)
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