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IBM Planning Analytics vs. Syft Analytics

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IBM Planning Analytics
Score 8.7 out of 10
N/A
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…
$825
per month 5 users
Syft Analytics
Score 10.0 out of 10
N/A
Syft is a cloud analytics platform that links directly into a business's accounting software and generates bespoke graphs and reports. From simple reports through to integrated forecasts, businesses and accountants can use Syft to create, collaborate and explore financial reports.
$19
per month
Pricing
IBM Planning AnalyticsSyft Analytics
Editions & Modules
Essentials
$825
per month 5 users
Standard
$1,650
per month 10 users
Essential
$19
per month
Professional
$39
per month
Enterprise+
$79
per month
Offerings
Pricing Offerings
IBM Planning AnalyticsSyft Analytics
Free Trial
YesYes
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details——
More Pricing Information
Community Pulse
IBM Planning AnalyticsSyft Analytics
Features
IBM Planning AnalyticsSyft Analytics
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Planning Analytics
9.8
90 Ratings
25% above category average
Syft Analytics
-
Ratings
Pixel Perfect reports9.879 Ratings00 Ratings
Customizable dashboards9.890 Ratings00 Ratings
Report Formatting Templates9.784 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Planning Analytics
9.8
96 Ratings
18% above category average
Syft Analytics
-
Ratings
Drill-down analysis9.893 Ratings00 Ratings
Formatting capabilities9.795 Ratings00 Ratings
Integration with R or other statistical packages9.871 Ratings00 Ratings
Report sharing and collaboration9.792 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Planning Analytics
9.5
90 Ratings
14% above category average
Syft Analytics
-
Ratings
Publish to Web9.985 Ratings00 Ratings
Publish to PDF9.984 Ratings00 Ratings
Report Versioning9.983 Ratings00 Ratings
Report Delivery Scheduling8.475 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Planning Analytics
9.3
92 Ratings
20% above category average
Syft Analytics
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)9.892 Ratings00 Ratings
Location Analytics / Geographic Visualization9.886 Ratings00 Ratings
Predictive Analytics9.882 Ratings00 Ratings
Pattern Recognition and Data Mining7.915 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Planning Analytics
9.6
96 Ratings
10% above category average
Syft Analytics
-
Ratings
Multi-User Support (named login)9.894 Ratings00 Ratings
Role-Based Security Model9.895 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.896 Ratings00 Ratings
Report-Level Access Control8.420 Ratings00 Ratings
Single Sign-On (SSO)9.888 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Planning Analytics
7.6
83 Ratings
3% below category average
Syft Analytics
-
Ratings
Responsive Design for Web Access6.182 Ratings00 Ratings
Mobile Application8.046 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.855 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Planning Analytics
9.8
102 Ratings
17% above category average
Syft Analytics
-
Ratings
Long-term financial planning9.898 Ratings00 Ratings
Financial budgeting9.8101 Ratings00 Ratings
Forecasting9.8102 Ratings00 Ratings
Scenario modeling9.7101 Ratings00 Ratings
Management reporting9.8101 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Planning Analytics
9.8
95 Ratings
21% above category average
Syft Analytics
-
Ratings
Financial data consolidation9.791 Ratings00 Ratings
Journal entries and reports9.883 Ratings00 Ratings
Multi-currency management9.884 Ratings00 Ratings
Intercompany Eliminations9.883 Ratings00 Ratings
Minority Ownership9.875 Ratings00 Ratings
Local and consolidated reporting9.887 Ratings00 Ratings
Detailed Audit Trails9.789 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Planning Analytics
9.4
96 Ratings
15% above category average
Syft Analytics
-
Ratings
Financial Statement Reporting9.892 Ratings00 Ratings
Management Reporting9.893 Ratings00 Ratings
Excel-based Reporting9.895 Ratings00 Ratings
Automated board and financial reporting9.785 Ratings00 Ratings
XBRL support for regulatory filing8.161 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Planning Analytics
9.5
98 Ratings
17% above category average
Syft Analytics
-
Ratings
Personalized dashboards9.797 Ratings00 Ratings
Color-coded scorecards9.892 Ratings00 Ratings
KPIs9.895 Ratings00 Ratings
Cost and profitability analysis9.893 Ratings00 Ratings
Key Performance Indicator setting9.894 Ratings00 Ratings
Benchmarking with external data8.165 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Planning Analytics
9.8
97 Ratings
16% above category average
Syft Analytics
-
Ratings
Flat file integration9.894 Ratings00 Ratings
Excel data integration9.995 Ratings00 Ratings
Direct links to 3rd-party data sources9.886 Ratings00 Ratings
Best Alternatives
IBM Planning AnalyticsSyft Analytics
Small Businesses

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Score 8.7 out of 10
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Score 9.4 out of 10
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Score 8.8 out of 10
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Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
IBM Planning AnalyticsSyft Analytics
Likelihood to Recommend
8.9
(108 ratings)
-
(0 ratings)
Likelihood to Renew
9.1
(5 ratings)
-
(0 ratings)
Usability
9.7
(73 ratings)
-
(0 ratings)
Support Rating
9.7
(97 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
IBM Planning AnalyticsSyft Analytics
Likelihood to Recommend
IBM
Very powerful modeling capabilities. It has a really good OLAP engine memory. Strong scenario planning for what if analysis. Flexibility of integration with ERPs or WM systems for both cloud and on premises. Centralized planning and alignment of governance is also a plus. Having one single system for many different functions.
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Pros
IBM
  • 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.
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Cons
IBM
  • sometimes it is hard to produce pixel perfect reports from the Web UI. I know it is not made for this, but still, it'll be great
  • getting in e.g. an Excel file just by drag and drop, and the AI should "understand" what the data is all around
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Likelihood to Renew
IBM
Since IBM Cognos Express is suitable only for medium data warehouse environment, we are not sure if this tool solves the long term need as the business keeps growing rapidly. So its a 50/50 ratio to renew Express license. But having said that, the components of IBM Cognos Express are also available in other Cognos BI suites like Cognos 10.x version. So we will probably upgrade our environment to IBM Cognos 10.x which comes with more new features.
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Usability
IBM
IBM Planning Analytics is generally good in terms of functionalities. It can be used reduce time for budget planning, resource planning, demand forecasting, etc. The performance of IBM Planning Analytics is acceptable, but user interface can be improved. It would be good to see new features that allow users to customise the dashboard.
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Support Rating
IBM
IBM support has been very quick to respond and handle the very few issues we've had. We've had a third-party who partners with IBM to be our consulting team which has helped greatly reduce the need for us to contact IBM directly. I highly recommend researching and selecting a well-respected partner to help with an implementation as well as ongoing support as needed.
Verified User
Anonymous
Read full review
Syft Analytics
No answers on this topic
Alternatives Considered
IBM
As it is related to MS Excel, IBM Planning Analytics is a much more robust and complete solution for the CFO or COO in mind. Oracle Hyperion stacks up nicely against IBM Planning Analytics. However, IBM's investment in AI allows Planning Analytics users more options and speed.
PC
Patrick Cooper
BI Consultant
Read full review
Syft Analytics
No answers on this topic
Return on Investment
IBM
  • Automate direct data connections to multiple data sources
  • One secured version of the the truth (for data and formulas)
  • Ability to scale to much more detailed planning with option to create predictive forecasts at detail
  • Business user friendly with powerful Excel integration
  • Very flexible and powerful modeling, can handle custom modeling needs at scale
  • Can make the same data available across finance and ops, but at the level of details and timeline that makes sense for them
AT
Ann-Grete Tan
Chief Strategy Officer
Read full review
Syft Analytics
No answers on this topic
ScreenShots

IBM Planning Analytics Screenshots

Screenshot of Workflow managementScreenshot of Income statementScreenshot of Margin analysisScreenshot of Metrics managementScreenshot of Income statementScreenshot of Expense analysis