IBM Planning Analytics, it's in the name. Simple, and simply the best software for your business.
July 12, 2023
IBM Planning Analytics, it's in the name. Simple, and simply the best software for your business.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with IBM Planning Analytics
I've used IBM Planning Analytics at Fortune 50 companies as well as relatively small startups. IBM Planning Analytics was able to provide solutions across functions including finance, supply chain planning, and customer service support. We were able to automate tasks that took multiple man hours and reduce the workload to a matter of minutes. With the system providing great value across so many different parts of the business, the ROI showed IBM Planning Analytics was almost a no-brainer to implement.
Pros
- 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
Cons
- 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
- Much higher degree of accuracy in forecasting with the use of predictive analysis from historical data
- Dozens of man hours saved in routine processes that are now handled with minimal human interaction
- One system that holds the "source of truth," consolidating multiple systems together that were only accessible individually before
As an FP&A analyst, what-if analysis is 97% of my job, basing what might happen from what did happen. IBM Planning Analytics has given me the ability to quickly create and compare multiple versions (low, high, maybe) and present to an executive team with a high degree of efficiency. The ability for multiple people to be able to view, comment, and edit if allowed, across multiple versions relieves us of the stress from emailing multiple files back and forth and making sure that no one is left out of the most current version. The data is viewable by everyone at the same time, even in a fully WFH environment.
Do you think IBM Planning Analytics delivers good value for the price?
Yes
Are you happy with IBM Planning Analytics's feature set?
Yes
Did IBM Planning Analytics live up to sales and marketing promises?
Yes
Did implementation of IBM Planning Analytics go as expected?
Yes
Would you buy IBM Planning Analytics again?
Yes
IBM Planning Analytics Feature Ratings
Evaluating IBM Planning Analytics and Competitors
- Cloud Solutions
- Scalability
- Integration with Other Systems
- Ease of Use
Cost and usability. It was cheaper than other options, and gave much greater dynamic capabilities than the other options did.
We had a very thorough process that included multiple demos, some of which included our own data samples. Multiple Q&A sessions and a six-person committee to decide.
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