Overview
What is IBM Planning Analytics?
IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed…
IBM planning analytics review
IBM Planning Analytics: Paving the way in construction.
A Perfect 10/10: IBM Planning Analytics Excels in Every Aspect
Complete Solution for Financial Planning
Used in whole APAC-MEA region
Business user do financial …
Easy and Reliable......Data Analysis, Budgets and Forecasts
Preparation of the annual budget of income cost and expenses
Get …
IBM Planning Analytics, a very advanced and useful tool for financial reporting.
Advanced financial planning features including AI chatbot and multicurrency support
IBM Planning Analytics for Contemporary Finance Professionals
IBM Planning Analytics - all you need for proper analysis and planning.
IBM Planning Analytics, it's in the name. Simple, and simply the best software for your business.
IBM is the safe choice if your planning needs are complex and detailed
After a year, I can count on IBM Planning Analytics.
Making panning simpler.
IBM Planning Analytics with Watson provides solution to multiple deployment option.
How IBM Planning Analytics Differs From Its Competitors
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Also help to determine the slow and fast moving products.
Use of sand boxes help a-lot to finalize the plan after quick itrrations.
Scenario Planning and What-If Analysis
Predictive Forecasting
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Scenario Planning and What-If Analysis
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Financial budgeting (91)9.595%
- Forecasting (91)9.595%
- Scenario modeling (90)9.595%
- Management reporting (90)8.787%
Reviewer Pros & Cons
Pricing
Essentials
$825
Standard
$1,650
Entry-level set up fee?
- Setup fee optionalOptional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $825 per month 5 users
Product Demos
Headcount and Staffing Planning with IBM Planning Analytics
Sales and Operations Planning with IBM Planning Analytics
Demand Planning with IBM Planning Analytics
Integrated Financials with IBM Planning Analytics
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 8.4Pixel Perfect reports(72) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 9.3Customizable dashboards(81) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.9Report Formatting Templates(76) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9.3Drill-down analysis(84) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 9.3Formatting capabilities(85) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 7.5Integration with R or other statistical packages(65) Ratings
Integration with the open-source R predictive modeling environment.
- 8.9Report sharing and collaboration(82) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 7.8Publish to Web(79) Ratings
- 9.3Publish to PDF(78) Ratings
- 8.3Report Versioning(78) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 7.6Report Delivery Scheduling(69) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 9.3Pre-built visualization formats (heatmaps, scatter plots etc.)(84) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 8.1Location Analytics / Geographic Visualization(79) Ratings
Location analytics is the visualization of geographical or spatial data.
- 7.6Predictive Analytics(75) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 6.8Pattern Recognition and Data Mining(9) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9.6Multi-User Support (named login)(85) Ratings
Named model access means that users have access based on name and password.
- 9.6Role-Based Security Model(86) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9.6Multiple Access Permission Levels (Create, Read, Delete)(87) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 8.7Report-Level Access Control(12) Ratings
Report-level access control means that the type of report determines who has access to it.
- 8.2Single Sign-On (SSO)(81) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 7.4Responsive Design for Web Access(76) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 6.9Mobile Application(41) Ratings
A dedicated app for iOS and/or Android.
- 6.9Dashboard / Report / Visualization Interactivity on Mobile(50) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 9.5Long-term financial planning(89) Ratings
3-5 year financial plan with cashflow.
- 9.5Financial budgeting(91) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 9.5Forecasting(91) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 9.5Scenario modeling(90) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.7Management reporting(90) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.3Financial data consolidation(81) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.3Journal entries and reports(76) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 8.8Multi-currency management(75) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.5Intercompany Eliminations(75) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 6.7Minority Ownership(68) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 9.5Local and consolidated reporting(78) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 9.2Detailed Audit Trails(80) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9.5Financial Statement Reporting(82) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.8Management Reporting(83) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.5Excel-based Reporting(85) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.8Automated board and financial reporting(75) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.8XBRL support for regulatory filing(54) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 9.3Personalized dashboards(86) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 9.3Color-coded scorecards(82) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 9.4KPIs(85) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 9.4Cost and profitability analysis(85) Ratings
Cost and profitability analysis provides data for business decision making.
- 9.4Key Performance Indicator setting(84) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.9Benchmarking with external data(58) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 8.9Flat file integration(84) Ratings
Integration of flat files like text documents and comma separated files
- 9.5Excel data integration(85) Ratings
Ability to integrate directly with Excel data.
- 8.1Direct links to 3rd-party data sources(77) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is IBM Planning Analytics?
It includes:
- Built-in reporting -> Supports scorecards and metrics including ad-hoc reports and compelling visualizations.
User Interfaces -> A web interface, with spreadsheets.
Predictive forecasting ->Predictive and AI capabilities for faster, more accurate forecasts
Simple integration -> Integrates with an existing tech stack, including spreadsheet-based planning, ERP, CRM and any APIs.
Real time insights with TM1 -> Built on TM1 technology to give users faster, flexible analysis with the high-performance at scale
Flexible Deployment Options ->On-premise, cloud-based, or as a Service on AWS
IBM Planning Analytics Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Pixel Perfect reports
- Supported: Customizable dashboards
- Supported: Report Formatting Templates
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Formatting capabilities
- Supported: Predictive modeling
- Supported: Integration with R or other statistical packages
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to Web
- Supported: Publish to PDF
- Supported: Report Versioning
- Supported: Report Delivery Scheduling
Data Discovery and Visualization Features
- Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
- Supported: Location Analytics / Geographic Visualization
- Supported: Predictive Analytics
- Supported: Support for Machine Learning models
- Supported: Pattern Recognition and Data Mining
- Supported: Integration with R or other statistical packages
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
- Supported: Table-Level Access Control (BI-layer)
- Supported: Field-Level Access Control (BI-layer)
- Supported: Single Sign-On (SSO)
Mobile Capabilities Features
- Supported: Responsive Design for Web Access
- Supported: Mobile Application
- Supported: Dashboard / Report / Visualization Interactivity on Mobile
Additional Features
- Supported: AI forecasting
IBM Planning Analytics Screenshots
IBM Planning Analytics Videos
IBM Planning Analytics Integrations
IBM Planning Analytics Competitors
IBM Planning Analytics Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Windows, Linux, Mac |
Mobile Application | Apple iOS, Android, Windows Phone, Mobile Web |
IBM Planning Analytics Downloadables
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(236)Attribute Ratings
Reviews
(1-25 of 97)- Flexible product that can easily be customized to various business needs
- Integration with Excel - the foundation of most Finance organizations
- Good dashboarding interface in Planning Analytics Workspace
- Quick response time for complex calculations
- Simplification of rule writing interface
IBM planning analytics review
- consolidation
- allocations
- forecast planning
- not good front end user interface
- not easy to debug
- organizing in to groups for processes
Rolling forecast
Budgeting
IBM Planning Analytics: Paving the way in construction.
- Automation of manual planning, budgeting and forecasting.
- The visualization and dashboards are customizable and valuable.
- Integration with excel
- In the construction field we are on site most of the time and we need to have a native mobile app. IBM Planning analytics has no mobile app.
A Perfect 10/10: IBM Planning Analytics Excels in Every Aspect
- Forecasting
- Reporting
- Uses Artificial Intelligence
- Planning Analytics does not have a native mobile app. This can be a limitation for users who need to access their plans on the go.
- An easier way to share and collaborate on plans with other users, both within and outside of the organization.
- The Planning Analytics user interface can be complex and difficult to learn, especially for new users. It would be helpful to have a more modern and streamlined interface, with more intuitive navigation and controls.
Cons: The user interface can be complex and difficult to learn, especially for new users.
Complete Solution for Financial Planning
Used in whole APAC-MEA region
Business user do financial planning it it and submit the final numbers for group reporting.
We face server capacity issues at the time of peak usage.
We looking for better dashboards and reporting in PAW as we recently shifted to PAW
- What-if Analysi
- Bottom-up Consolidation
- Workflow management
- User and application/cube/cell level security
- Interactive Dash-boarding/Reporting
- Connecting seamlessly with SAP ERP
- Scheduling the automated jobs
User friendly with introduction of PAW
Cloud and AWS connectivity make it more flexible and fast.
Can handle large numbers of user without any security lag
Connect well with upstream and downstream systems.
Easy and Reliable......Data Analysis, Budgets and Forecasts
Preparation of the annual budget of income cost and expenses
Get actual and comparative revenues, costs and expenses vs budgets
Analysis and determination of profitability by products (real & budgets)
Financial and operational KPI's
This integrates different companies and branches. Having the information faster, ordered and analyzed allow us to make timely decisions.
- Integration of data form different sources
- Data consolidation and visualization
- Elaboration of dashboards
- Easy to learn environment
- the most aesthetic report design and create more flexible models
- correlate data more simply like other programs
- Efficient, dynamic and simple collaborative work
- Very efficient and simple data consolidation
- development of dynamic and practical reports and KPIs
- intuitive and confiable platform
- Online and real time information
- data correlation in the simplest data module
- more types of report designs and templates
- data creation more simplified calculations
- Data Analysis
- Financial Reporting
- Data Management
- Training
- Easy of use for non technical users
- Dashboarding
- Forecasting after taking into account seasonal trends and exceptional transactions
- Unlike spreadsheets, there is no fear of an user making changes to the mastercopy accidentally. Each user gets his or her own workspace to analyze.
- For entities operating in multiple countries, connects seamlessly with IBM Cognos Controller for taking into account variation in currencies
- They might consider merging Cognos Analytics, Planning Analytics, Cognos Controller into single subscription. The same will reduce confusion.
- There is initially a steep learning curve despite no coding knowledge needed. Try to make the learning process easier.
- Data exploration
- Data aggregation
- Data visualization
- Driver based planning
- What-if scenario modeling
- multi-dimensional modeling
- Hierarchies and consolidations
- Foreign currency
- Debugging code
- High availability
- Mobility
- Handle very large data volumes.
- Scale to a large number of users.
- Not having to compromise on business complexity.
- It can be run by business users.
- Availability of highly qualified consultants to support businesses.
- REST API allows for an open eco system and a variety of solutions to extend the product.
- Vast integration possibilities.
- AI-infused engine with IBM Watson.
- Developer User Interface.
- Tools to monitor, maintain and run applications.
IBM Planning Analytics, it's in the name. Simple, and simply the best software for your business.
- Consolidation of data into a single source of truth and record keeping
- Easily show variance analysis across actuals to multiple different what-if scenarios
- Give the ability to slice-and-dice data in ways that weren't easily accessible before, pivot-table on steroids in simple terms
- IBM Planning Analytics was an upgrade from an older version of TM1 that is experiencing some growing pains, some functionality is harder to reach than it has been in the past
- It is easy to learn as a surface user with created reports, but it does require some technical skills to make advanced calculations and reports if there is no reliable consultant available, much like Excel
- Loads large volumes of data very quickly from external sources
- Scales to support very detailed models - e.g. SKU level products or many years of history
- Has very powerful and feature-rich Excel integration
- Powerful calculation engine that can be used for complex allocations (for example)
- It's very flexible, so it is possible to use it incorrectly
- Even though PA can be owned by the business, it requires a little investment to learn
- The new Workspace-based modeling UI does not (yet) have all the features needed
After a year, I can count on IBM Planning Analytics.
- Robust NLP and cognitive processing capabilities
- It is capable of processing a high volume of information without affecting performance
- It is scalable and robust thanks to its artificial intelligence functions allowing good analysis, planning, forecasting, decision making, and reports
- By evaluating the capabilities of IBM Planning Analytics, we have determined that it is an ideal software for all industries with a wide variety of tools such as cognitive processing and NLP functions
- Implementation is complex in almost every stage, from start to finish
- The technical support is not the most attentive, and the solutions they offer us to improve the implementation are not the fastest
- The usability of IBM Planning Analytics is not the best; we must have experience to be able to run the functions without help
Making panning simpler.
- Quickly and easily gathers data from various sources, including ERP systems and external market data.
- Accurately forecast future financial performance up to an extent.
- The ability to integrate data from multiple sources allows us to gain a more comprehensive understanding of our financial performance, which helps us to identify areas for improvement.
- Data visualization capabilities could be more intuitive and user friendly.
- Data integration can be improved as the process can be time consuming and complex.
- More customizable forecasting and predictive analytics tools, which would allow us to better tailor the product to our specific needs.
- It enables multidimensional of large and historical data sets.
- It has a good design that offers wide range of garphics such as images, chart and shapes.
- It helps to build models that integrates any business driver into plan and budget.
- Automation is good but can be further improved.
- it should integrate multiple products so the ease of use can be improved.
- There is some area of improvement in AI intelligence to provide more accurate suggestions.
My new planner
- Reducing manual work
- Saves time
- Reliable
- Dashboards and reporting
- UI
- Documentation
- Cost
IBM Planning Analytics- A time saver for Prediction and Planning
- Dealing with complex datasets
- Dashboard optimization
- Better than traditional BI tools for frequently updating data
- UI is a bit complex, could be made more easier
- Documentation needs to be imrpoved
Best tool on the market, known for its performance
- Reporting
- Data crunching
- More custumable web interface ?
- Expansive
- User interface
- Ability to design/format
- Navigation screen
- Bugs
- Ability to layout buttons
- screen resolution
Phenomenal Tool for Business Analysis!
- Real time updation of data
- Simultaneous use
- No loss of data
- ETM Tool
- server management tool
- monitoring tool
- Elaboration of several scenarios and the option to adopt them when validated.
- High-speed data processing.
- Flexibility to apply business rules.
- Information search engine for cube data.
- Mechanism for promoting artifacts from non-productive environments to the productive environment.
- Documentation generator.
Great for planning and simulation
We have increased our results and governance on the budget from many consecutive years now.
Our main application calculate the HR budget, revenew and costs.
- Simulate various scenarios
- Work with a enormous amount of data
- great interface for users and API conections
- In some cases, such as security applications, I prefer to use Architect. I think that PA Workspace still have some room to enable security for users.
But I think it is not a solutions that should be placed for clients with just BI needs.
It's PAWtastic!
- Auto-complete (CTRL+spacebar) functionality in Rules and Process writing
- Workbench is a MUCH improved user interface than Architect
- Increased options for creating useful Visualizations on-the-fly
- Bring back Architect's ability for SYSTEM-recommended "Reorder Dimension" cube optimization
- Empower Admins to "turn off/hide" Applications & Plans tile from appearing on the home page and within the pop-out menu bar if the organization doesn't want to use it
- Ability to make an dashboard object's borders thicker (currently only have very thin border options that you can barely see)
- Lots of improvement needed for the Applications and Plan section to be "useful"
- Lots of confusion around the 2 save buttons. Users unclear on which one is for book and view. Add wording for clarification. For example, on the left save button add words "Save BOOK" -- "Save BOOK As" and "Save BOOK as template" --- then on right save button do the same adding "Save VIEW to server"
- Ability for Admins to hide the Forecasting and Sandboxing buttons or disable the functionality
Best in class analytics
- Financial Reporting
- Scenario Planning
- Dashboarding
- Data integration
- Improved error messages in log file
- Automatically create feeders for rules
- Better server monitoring and alerts
It is also appropriate for smaller / medium sized firms, but the price point may not be feasible for these companies. If there was an "express" version or bundle for these firms, I think it could be beneficial.
Best solution for planning in organisations
- In analysis particularly in giving key performance indicators,giving analysis on costs and profits and helping in setting KPIs
- In budget, planning and forecasting it helps in forecasting itself,reporting on management and financial budgeting.
- In consolidation and close features it helps in establishment of financial data, identification of minority ownership and coming up with detailed audit trails
- In financial reporting it helps in coming up with proper financial reports,in management reporting and excel based reporting
- IBM planning analytic can be improved by addition of more AI features
- On the area of budget and forecasting it require in depth documentation support which can be cumbersome
- On the area of automated planning and forecasting the fact that it is automated closes the ends for improvement making it rigid
IBM analytics by Watson is best suited where new users are deployed and it's automation helps in eradication of human errors
However some cons go without saying especially on the many features that IBM analytics by Watson can be confusing especially to new users