#1 most frequent
United States of America
41.8%388 installations of 928
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
Media
1 / 6
Screenshot of Workflow management
Top Performing Features
Publish to Web
Category average: 8.3
Publish to PDF
Category average: 8.4
Report Versioning
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
Category average: 8.3
Areas for Improvement
Pattern Recognition and Data Mining
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Category average: 8
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 7.3
Responsive Design for Web Access
Web design aimed at producing easy-to-read sites across a range of different devices.
Category average: 7.5
Who Buys & Uses IBM Planning Analytics
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
10.1%94 installations of 928
#3 most frequent
Germany
8.3%77 installations of 928
Pros
- Robust multidimensional modeling engine for holistic analysis
- Dynamic workflow features for formalized planning and team collaboration
- Advanced predictive analytics with AI-powered dashboards
Cons
- Steep learning curve due to the distinct TM1 language and setup complexity
- Limited native visualization features compared to dedicated BI tools
- Overwhelming user interface with an abundance of features
IBM Planning Analytics Review.
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
IBM Planning Analytics Review
Use Cases and Deployment Scope
We use IBM Planning Analytics for creating clear budget for our organisation so that we can reach our future goals without much casualities. The software also help us in doing financial forecasts for our business and also it gives a platform to collaborate with different departments by taking their inputs in our upcoming projects so that best utilisation of resources can happen.
Pros
- The platform help us and doing proactive plannings and forecasting for our business according to the current market dynamics
- The software provides us consolidation of financial data from different sources to our finance team
- The software also help us in doing the sales planning and understand the operational challenge that our team face on a daily basis
Cons
- The main challenge with IBM Planning Analytics is its installation which takes multiple complex configuration challenge and training
- Sometimes the software shows performance lagging issue whenever a large and variety of data inputs are given
- Also I have faced from challenges during software integration with Microsoft and Google sheets which was very important for us
Return on Investment
- The software has helped our finance team in minimising the manual data entry by more than 80% and focus more on holistic data analysis and business strategies
- The overall time in doing annual budget in was around 90 days before but now we are able to do it only in 45 days
- The software help us in understanding real time marketing dynamics and take decisions accordingly
Alternatives Considered
TeamViewer and Accompany
Other Software Used
TeamViewer, Canva
IBM Planning Analytics Review
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.
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
A software that helped us in understanding our finances better
Use Cases and Deployment Scope
IBM Planning Analytics is completely a AI based tool for our business which works like an advance Excel software mainly focuses on business plannings and future forecasting. This software also help us in doing budget planning for future investments. IBM Planning Analytics takes lot of data inputs from different departments of our business and help them in taking will inform decisions.
Pros
- The software helps us in creating quick budgets for different projects in our organisation
- Financial data and sales data is easily managed through this software and it also shows the detailed numbers of these data
- As the interface of this software is like MS Excel so learning the initial and basics of this tool becomes much easier
Cons
- The software is little expensive it not be the best option for small businesses and startups
- The iOS version of this tool is not available at all you can just use it from web browsers not as an iOS application
Return on Investment
- Communicating with different branches and franchise helps us in predicting a better future projection for our business and allocate precise funds
- Financial planning and management is a very lengthy process but after installing this software we are able to save more than 50 to 60% of time for doing the same thing
Other Software Used
Fortinet on IBM Cloud
IBM Planning Analytics Tool On Top of the Game and unlimited Potential
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
