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IBM Planning Analytics Reviews

About IBM Planning Analytics

Cloud and on-premise performance management tool that helps with planning, budgeting, forecasting, analysis & more.

Learn more about IBM Planning Analytics

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:

Doesn't seem to intuitive and is hard to finds information on the internet.

IBM Planning Analytics ratings

Average score

Ease of Use
4.0
Customer Service
3.8
Features
4.6
Value for Money
4.2

Likelihood to recommend

8.1/10

IBM Planning Analytics has an overall rating of 4.2 out 5 stars based on 12 user reviews on Capterra.

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Filter reviews (12)

Gerson
Gerson
IT Consultant in El Salvador
Verified LinkedIn User
Used the Software for: 1+ year
Reviewer Source

Trustworthy as TM1

5.0 6 years ago

Comments: 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.

Verified Reviewer
Verified LinkedIn User
Banking, 10,000+ Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Great CPM enterprise software

5.0 4 years ago

Comments: 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.

Michael
BI project manager in
Primary/Secondary Education
Used the Software for: 1+ year
Reviewer Source
Source: SoftwareAdvice

IBM Cognos TM-1

3.5 8 years ago

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.

Paul
Contractor in UK
Accounting Software, Self Employed
Used the Software for: 2+ years
Reviewer Source

IBM Planning Analytics for Planning and Reporting in Finance Depts

4.0 last year

Comments: 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.

Alaister
Alaister
System Administrator in Hong Kong
Verified LinkedIn User
Information Technology & Services, 11–50 Employees
Used the Software for: 6-12 months
Reviewer Source

Excellent budget planning tool

4.0 2 years ago

Comments: 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.

Luigi
Business Intelligence Consutant in Italy
Computer Software, Self Employed
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

A predictive/analysis software at fist class

5.0 5 years ago

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

Madhukeshwari
Accountant in India
Computer Software, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

Awesome tool to manage budget and planning

5.0 6 years ago

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

David
CEO in US
Management Consulting
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

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

3.0 9 years ago

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.

Jeffrey
VP Of BI in
Real Estate, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source
Source: SoftwareAdvice

BI Product

4.0 7 years ago

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

Nabeel
Finance Manager in
Government Administration, 1,001–5,000 Employees
Used the Software for: 6-12 months
Reviewer Source
Source: SoftwareAdvice

TM1 Review

2.0 6 years ago

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.

Luigi
Business Intelligence Consutant in Italy
Management Consulting, Self Employed
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

The best budgetting sw ever seen

5.0 6 years ago

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

Amanda
Accountant in
Construction, 11–50 Employees
Used the Software for: 1-5 months
Reviewer Source
Source: SoftwareAdvice

Best Customer Service

5.0 7 years ago

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!