IBM

IBM Planning Analytics

3.5 / 5 5 reviews


Average Ratings

5 Reviews
  • 3.5 / 5
    Overall
  • 3 / 5
    Ease of Use
  • 3.5 / 5
    Customer Service

Product Details

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About IBM Planning Analytics

Cloud financial performance management solution for planning, forecasting, budgeting, scorecarding, and analysis automation.


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IBM Planning Analytics Features


IBM Planning Analytics Reviews Recently Reviewed!

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.

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

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!

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.

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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Extremely
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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.