IBM

IBM Planning Analytics

4 / 5 8 reviews

Who Uses This Software?

IBM Planning Analytics is suitable for organizations of any size and in any industry.


Average Ratings

8 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    24/7 (Live Rep)

Vendor Details

  • IBM
  • www.ibm.com/us-en/
  • United States

About IBM Planning Analytics

IBM Planning Analytics automates your essential planning, budgeting and forecasting processes. But it also provides self-service analytics for business users and flexible, multidimensional modeling for your finance team. Starting from a customizable planning workspace, IBM Planning Analytics discovers insights automatically directly from your data and empowers users with the speed, agility and foresight they need to deliver better business results.


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IBM Planning Analytics Features

  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement

IBM Planning Analytics Reviews Recently Reviewed!


IBM Cognos TM-1

Aug 23, 2016
4/5
Overall
2.5 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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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.

Recommendations to other buyers: Look for something that will be a little more user friendly. Cognos at the time that we implemented was one of the few products on the market. There are a lot of options out there. Make sure you find the one that fits your environment the best.

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Trustworthy as TM1

Feb 22, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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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.

Overall: Predictive insights uncovered automatically with just a few clicks

Awesome tool to manage budget and planning

Sep 06, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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

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

Aug 27, 2015
3/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
1.5 / 5
Customer Support
Likelihood to Recommend: 8.0/10 Not
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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.

Recommendations to other buyers: This is really a planning, budgeting, and forecasting tool. Deviating too far away from it will cause problem. Also, make sure you pick the right business partner. Best practices are very important.

BI Product

Mar 13, 2017
4/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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

TM1 Review

Nov 17, 2017
2/5
Overall
2 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Comments: 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.

The best budgetting sw ever seen

Jan 10, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Comments: 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

Best Customer Service

Oct 25, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: 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!