We use IBM Planning Analytics to budget and forecast costs and revenue for our construction projects. IBM Planning Analytics is a powerful tool that has real-time calculations and can aggregate data to view top of house.
Pros
Flexibility
Fast
Ease of use
Cons
Built-in financial consolidations
Likelihood to Recommend
You can build end-user reports that guide people directly where you want them to read/write data.
VU
Verified User
Manager in Finance and Accounting (Construction company, 1001-5000 employees)
It has been a couple years since we deployed IBM Planning analytics in our organization. We use it to optimize how we allocate our resources, including labor, equipment and materials according to availability and demand and to help manage our budget. It allows us to create detailed budget plans, track expenses and forecast future spending accurately.
Pros
Automation of manual planning, budgeting and forecasting.
The visualization and dashboards are customizable and valuable.
Integration with excel
Cons
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.
Likelihood to Recommend
I would be likely to recommend IBM Planning Analytics, particularly in scenarios where comprehensive financial and operational planning is essential. For instance, in our construction company, it is awesome for optimizing resource allocation across multiple projects, creating detailed project budgets, and conducting risk analysis to mitigate project uncertainties.
IBM Planning Analytics is used within the company for the following cases:
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.
Pros
Integration of data form different sources
Data consolidation and visualization
Elaboration of dashboards
Easy to learn environment
Cons
the most aesthetic report design and create more flexible models
correlate data more simply like other programs
Likelihood to Recommend
Good aspects of PAW
Efficient, dynamic and simple collaborative work
Very efficient and simple data consolidation
development of dynamic and practical reports and KPIs
