IBM Planning Analytics

Score8.4 out of 10

292 Reviews and Ratings

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 to help users move beyond the limits of spreadsheets, automating the planning process to drive faster, more accurate results. Use it to unify data sources into one single repository, enabling users to build sophisticated, multidimensional models that drive forecasts.

Categories & Use Cases

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Screenshot of Workflow management

Excel-based Reporting
Ad hoc or formatted reports using MS Excel.
Category average: 8.2
Forecasting
Combining actuals and budgets, rolling forecasts, driver-based models.
Category average: 8.4
Financial data consolidation
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
Category average: 8.1

XBRL support for regulatory filing
Support for the XBRL standard reporting format for exchanging financial data.
Category average: 7.1
Mobile Application
A dedicated app for iOS and/or Android.
Category average: 6.7
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 6.7

#1 most frequent

Manufacturing

17.5%

166 installations of 950

“IBM Planning Analytics capabilities allow us to Connect to multiple tools, which we could not do before.”
— Engineering Manager, Amazon (501-1000 employees)

#2 most frequent

Professional, Scientific, and Technical Services

15.6%

148 installations of 950

“I can now make decisions faster, even when there’s just a small change in the data, it helps a lot with creating reports straight from raw data, which saves me so much time.”
— Systems Administrator Lead, fjorge (51-200 employees)

#3 most frequent

Finance and Insurance

13.4%

127 installations of 950

Verified User

Engineer in Engineering (1001-5000 employees employees)

Use Cases and Deployment Scope

we use IBM Planning Analytics to connect our ERP data with our web interface. this helps us to eliminate manual data ingestion and provides real time data which acts as source of truth for our systems.
it provides clear visibility of data that helps us to drive cost and unknown charges.

Pros

sales & operation demand planning
cash flow calculation

Cons

steep learning curve
Improve interfaces in a single rather than fragments

Return on Investment

saves time from manual data processing

Patrick Cooper

BI Consultant at DataHub (5001-10,000 employees employees)

Use Cases and Deployment Scope

I am an IT consultant and have been working with Planning Analytics/ TM1 for 15 years. It is probably the most robust planning and forecasting solution in the market.

Pros

Budgeting
Forecasting
"What If Scenario".

Cons

Not Sure, Maybe Industry use cases.

Return on Investment

It is very positive. It helps open up new clients.
It provides insights to data that most cannot.
IBM's new interface is a huge time saver.

Alternatives Considered

Microsoft Excel and Oracle Hyperion

Other Software Used

IBM Cognos Analytics

Mukhtiyar Ahmed View profile

Assistant Manager- IT in Information Technology at Eurofins IT Solutions India Pvt. Ltd (10,001+ employees employees)

Use Cases and Deployment Scope

We use IBM Planning Analytics for our budget planning ,budget forecasting real time analysis and reporting of data across organization.

The Pax Excel add in helps us to directly interact with the data in the excel without the need of switching different tools.

We also use the TM1 for resources allocation planning and asset management to align with our IT spending and future forecasts.

Pros

Budget planning and budget forecasting
Resource planning for a team with Budget allocations and Asset lifecycle management
Manual reconciliation efforts are not needed

Cons

Requires a lot of time to learn and master it
Advance features are a little complex to understand
If the data set is very big it takes a lot of time to process it hence the performance is slower
Initial upfront cost is high including the license cost
When compared with Power BI the IBM analytics lags behind

Return on Investment

Positive Impact as we are able to forecast the budget for the entire year with significant time saving
All the complex data is can be easily processed and with Excel add in functionality its easier to have all the data in one place which can be used to create Pivot or data visualization.
The date protection protocols are well set up

Other Software Used

BeyondTrust Remote Support, BitTitan MigrationWiz

Varun Kohli View profile

Senior Executive in Information Technology at Vardhman textiles ltd. (10,001+ employees employees)

Use Cases and Deployment Scope

Planning is an integral part of manufacturing business. Planning derives other processes like buying raw material, production acitivities, finishing processes and budgeting. With help of proper planning tool, the activies can be planned and cost involved can be predicted near to accuracy. The tool also helps to analyse the data and represent the information in form of dashboard.

Pros

Budgeting
Anaylsis
Supply chain planning
Forecasting

Cons

Workflow management
Sandboxing
Ease of understand and use Modeling

Return on Investment

Improved Decision Making
Attain operational Efficiency
Cost Effective
Resource Allocation Streamlined

Alternatives Considered

SAP Analytics Cloud, OneStream and Oracle Fusion Cloud ERP

Other Software Used

SAP HANA Cloud, SAP Sales Cloud, SAP S/4HANA Cloud, SAP Business Warehouse

Connor Dufault

Systems Administrator Lead in Corporate at fjorge (51-200 employees employees)

Use Cases and Deployment Scope

I use IBM Planning Analytics mostly for financial planning, forecasting, and reporting and it's been super useful across different departments, especially when we need real-time insights, we also plugged in timeseries forecasting with Watson Studio which helps with better predictions.

Pros

it’s easy to use even if you’re not technical and implementation with the cloud version is quick
i really like the Excel integration—it keeps things familiar and adds more power
it can handle massive datasets in memory and still stay fast, which is a big deal

Cons

it doesn’t work offline, making it difficult for me to work or gather required data when I don’t have internet connection
the learning curve is quite steep

Return on Investment

we cut down on manual budgeting and forecasting work, which saved us a ton of time
our decision-making improved a lot because of the real-time data and automation
it only took us about three months to create custom models that really fit our needs

Other Software Used

Miro, AdLogic Software, Microsoft Access

Workday Adaptive Planning

Anaplan

Jedox

SAP Analytics Cloud

IBM Planning Analytics

What is IBM Planning Analytics?

Categories & Use Cases

Media

Key Features

Top Performing Features

Excel-based Reporting

Forecasting

Financial data consolidation

Areas for Improvement

XBRL support for regulatory filing

Mobile Application

Dashboard / Report / Visualization Interactivity on Mobile

Most Frequent Users

Manufacturing

Professional, Scientific, and Technical Services

Finance and Insurance

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Return on Investment

Use Cases and Deployment Scope

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Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

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Other Software Used

Use Cases and Deployment Scope

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Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

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Other Software Used

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