Best For

Designed for all business sizes, it is an on-premise and cloud-based solution that helps manage planning, analysis, scorecards, budgets and forecasts.

Product Details

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

Contact Details

IBM

http://www.ibm.com

Founded in 1911

Located in United States

Starting Price

  • $867.20/month

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

IBM Planning Analytics Features

Competitor Analysis
Correlation Analysis
Dashboard
Dynamic Modeling
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Performance Metrics
Sales Trend Analysis
Statistical Analysis

IBM Planning Analytics Reviews

Overall
4/5
Ease of Use
4/5
Customer Service
3.5/5

Showing Most Helpful

Showing 9 of 9 reviews

Showing Most Helpful

Showing 9 of 9 reviews

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Rating
Company Size
Reviewer's Role
Length of Use
Frequency of Use
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Gerson M.
IT Consultant
Unspecified
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
4/5
Features
5/5
Value for Money
4/5
Likelihood to Recommend
7/10
Reviewer Source 
Source: Capterra
February 22, 2018

“ Trustworthy as TM1”

OverallPredictive insights uncovered automatically with just a few clicks
ProsIt'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.
ConsMust wait some time while files are processed. Also penalize heavily errors. But once is set the results are great.
Reviewer Source 
Source: Capterra
February 22, 2018
Michael B.
BI project manager
Primary/Secondary Education, Unspecified
Used the software for: 1-2 years
Overall Rating
3.5/5
Ease of Use
2.5/5
Features
4/5
Likelihood to Recommend
8/10
Source: SoftwareAdvice
August 23, 2016

“IBM Cognos TM-1”

ProsThis 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.
ConsThis 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 buyersLook 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.
Source: SoftwareAdvice
August 23, 2016
Luigi S.
Business Intelligence Consutant
Computer Software, Self-employed
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
3/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: SoftwareAdvice
February 2, 2019

“A predictive/analysis software at fist class”

ProsIf 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.
ConsThe direct support supplied by IBM is more a commercial than technical support, by the way there is plenty of IBM partners supporting it
Reviewer Source 
Source: SoftwareAdvice
February 2, 2019
Madhukeshwari S.
Accountant
Computer Software, 11-50 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: SoftwareAdvice
September 6, 2018

“Awesome tool to manage budget and planning”

ProsIts 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
ConsBit difficult to setup, no more articles over the internet, you need to ask some techies for one time setup. Later anyone can handle it
Reviewer Source 
Source: SoftwareAdvice
September 6, 2018
David C.
CEO
Management Consulting, Unspecified
Used the software for: 2+ years
Overall Rating
3/5
Ease of Use
4/5
Customer Service
1.5/5
Features
4/5
Likelihood to Recommend
8/10
Source: SoftwareAdvice
August 27, 2015

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

ProsIt is a very power tool if used in the right situation in the right way.
ConsAbility to create complete UI and getting data out of it.
Recommendations to other buyersThis 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.
Source: SoftwareAdvice
August 27, 2015
Jeffrey B.
VP Of BI
Real Estate, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
3/5
Customer Service
3/5
Features
5/5
Value for Money
3/5
Likelihood to Recommend
8/10
Source: SoftwareAdvice
March 13, 2017

“BI Product”

ProsThe overall product provides a central system and removes the need to purchase many different platforms.
ConsThe security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory
Source: SoftwareAdvice
March 13, 2017
Luigi S.
Business Intelligence Consutant
Management Consulting, Self-employed
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
4/5
Features
4/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: SoftwareAdvice
January 10, 2018

“The best budgetting sw ever seen”

OverallI devellopped twice TM1 and my customers were always happy
ProsIBM Cognos TM 1 is the best solution for budgetting & modelling; it has a strong adherence to each budgetting process due to its flexibility
ConsThe price is a little high for those companies having small business; the interface could be improuved
Reviewer Source 
Source: SoftwareAdvice
January 10, 2018
Amanda A.
Accountant
Construction, 11-50 employees
Used the software for: Less than 6 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
9/10
Source: SoftwareAdvice
October 25, 2016

“Best Customer Service”

OverallIBM 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!
Source: SoftwareAdvice
October 25, 2016
Nabeel C.
Finance Manager
Government Administration, 1001-5000 employees
Used the software for: 6-12 months
Overall Rating
2/5
Ease of Use
2/5
Customer Service
4/5
Features
4/5
Value for Money
3/5
Likelihood to Recommend
5/10
Reviewer Source 
Source: SoftwareAdvice
November 17, 2017

“TM1 Review”

OverallTM1 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.
ProsThe 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.
ConsTM1 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.
Reviewer Source 
Source: SoftwareAdvice
November 17, 2017