# IBM Planning Analytics Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Is IBM Planning Analytics the right Strategic Planning solution for you? Explore 12 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/240581/IBM-Planning-Analytics/reviews --- IBM Planning Analytics 4.2 (12) [View alternatives](https://www.capterra.com/p/240581/IBM-Planning-Analytics/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated March 13th, 2026 # Reviews of IBM Planning Analytics Ease of use 3.9 Customer Service 3.9 ## Showing most helpful reviews Showing 1-12 of 12 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use Alaister L. System Administrator Information Technology and Services Used the software for: 6-12 months ### "Excellent budget planning tool" July 9, 2022 4.0 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. Review Source VR Verified Reviewer Data modeller, data warehouse consultant Banking Used the software for: 2+ years ### "Great CPM enterprise software" January 15, 2020 5.0 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](https://www.capterra.com/p/171122/SAP-BPC/) Reason for choosing IBM Planning Analytics The corporate policy and intergation need with other IBM products made us stay with IBM Cognos analytics. Review Source MB Michael B. BI project manager Primary/Secondary Education Used the software for: 1-2 years ### "IBM Cognos TM-1" August 23, 2016 3.5 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. Review Source EH Edward H. Lead Infrastructure Engineer Banking Used the software for: 1-2 years ### "Review of IBM Planning Analytics " June 17, 2024 5.0 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 Review Source PS Paul S. Contractor Accounting Used the software for: 2+ years ### "IBM Planning Analytics for Planning and Reporting in Finance Depts" February 16, 2023 4.0 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. Reason for choosing IBM Planning Analytics See above Review Source Gerson M. IT Consultant Used the software for: 1-2 years ### " Trustworthy as TM1" February 22, 2018 5.0 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. Review Source MS Madhukeshwari S. Accountant Computer Software Used the software for: 2+ years ### "Awesome tool to manage budget and planning" September 6, 2018 5.0 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 Review Source DC David C. CEO Management Consulting Used the software for: 2+ years ### "I've been a TM1 consultant and administrator for the past 5 years." August 28, 2015 3.0 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. Review Source JB Jeffrey B. VP Of BI Real Estate Used the software for: 1-2 years ### "BI Product" March 13, 2017 4.0 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 Review Source NC Nabeel C. Finance Manager Government Administration Used the software for: 6-12 months ### "TM1 Review" November 18, 2017 2.0 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. Review Source LS Luigi S. Business Intelligence Consutant Computer Software Used the software for: 2+ years ### "A predictive/analysis software at fist class" February 2, 2019 5.0 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 Review Source AA Amanda A. Accountant Construction Used the software for: Less than 6 months ### "Best Customer Service" October 25, 2016 5.0 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! Review Source Similar Products Featured ## Related categories [Strategic Planning](https://www.capterra.com/strategic-planning-software/)[Budgeting](https://www.capterra.com/budgeting-software/)[Business Performance Management](https://www.capterra.com/business-performance-management-software/) ## Send me user reviews about this product ### Fill out the form and we'll send a list of the top-rated software based on real user reviews directly to your inbox.