IBM Planning Analytics

IBM Planning Analytics

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IBM Planning Analytics, powered by IBM TM1 automates your planning, budgeting, forecasting and analysis processes. It offers the full functionality of spreadsheets while eliminating manual tasks to drive efficiency.

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IBM Planning Analytics Reviews

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A
Administrator
Validated Reviewer
Review Source

"The best software for Business Modeling"

What do you like best?

PA provides best in class flexibility for business modeling. It provides users a flexible way to interact with and change their data in real time at scale

What do you dislike?

TM1 is showing its age and still lags behind competitors when it comes to User Interfaces. While changes are coming, they simply do not show up quick enough. The focus on new users and ease of adoption leaves enterprise customers feeling like 2nd class.

What problems are you solving with the product? What benefits have you realized?

PA can be used to solve almost any problems in the office of finance. Planning, Analysis, and Reporting, if you can dream it you can probably build it.

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Showing 108 IBM Planning Analytics reviews
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Ankur J.
Validated Reviewer
Verified Current User
Review Source

"Planning the Future"

What do you like best?

I have always enjoyed the customization aspect of TM1. As it has evolved into Planning Analytics, this has only become more improved. The self-service and ad-hoc capabilities of Planning Analytics Workspace bring the data to the end user in unique and exciting ways.

What do you dislike?

IBM needs to do a better job of integrating Planning Analytics with Cognos Analytics. They have been slow on this front and they are hurting both brands because of it. At this point in being together under the IBM family, they should be completely seamless with one another and share best of both.

What problems are you solving with the product? What benefits have you realized?

Planning Analytics is helping improve the business processes around Capital Project Planning. It helps with labor management, vendor management, and overall project management for all capital projects. The online interface allows for collaboration and moves the data out of independent spreadsheets.

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Harry R.
Validated Reviewer
Review Source

"effective and easy planning"

What do you like best?

It take greater nimbleness, systems administration, security, and the ability to accomplish more with less. The reports are exceptionally simple do and redo. We can associate with benefactors with a Contribution Flow, builing jobs exceptionally quick, working with extremely enormous Cubes with milions of information. The visual with which the information is seen has helped essentially the introduction of results. Is a stage that conveys what you need with regards to information volume and speed of handling.

What do you dislike?

I detest that it requires a more drawn out investment for the document to process if the record has a great deal of information. Additionally, if the record surpasses a specific measure of lines that it will send out, it won't work, which implies there is a farthest point to the measure of information that you can work with.

Recommendations to others considering the product:

It tends to be utilized in numerous regions of your business not simply monetary arranging so has a more prominent ROI. Request a proof of idea with your information. Take as much time as necessary and actualize it right. Get great accomplices. You'll require them yet it will be justified, despite all the trouble.

What problems are you solving with the product? What benefits have you realized?

Planning, anticipating, and anything identified with money related arranging. We have diverse shapes for various purposes and can be utilized by a wide range of clients since it is flexible. Use it for our SaaS stage. Adjusting it to the majority of our modules which are exceedingly modified and every customer has an alternate arrangement of fields and work process rationale related with their information. By and large, arranging, planning, determining, money related revealing, solidification, allotments, and numerous different sorts of monetary models.

What Corporate Performance Management (CPM) solution do you use?

Thanks for letting us know!
Jeff W.
Validated Reviewer
Review Source

"Happy TM1 Administrator for 6 years now"

What do you like best?

The fact that you can use TM1 for all kinds of planning and analysis, not just financials. It is infinitely flexible, and we use it extensively outside of the Finance group.

What do you dislike?

The front-end continues to lag a bit behind other options on the market. We ue TM1Web, and it is functional but not very "modern". We have tried implementing some things in PAW, but haven't yet gotten anything into Production. The learning curve is steeper than we thought, and we've had issues with private views/subsets as part of the dashboards.

Recommendations to others considering the product:

Expand your view of what the tool can be used for.

Train your users on the Excel interface (PAx) - that will maximize your return on the product.

What problems are you solving with the product? What benefits have you realized?

We use it for:

- Budgeting and Forecasting

- Monthly variance analysis

- Full P&L Profitability Allocations

- Project Management, from Proposal through Actual/Budget analysis

- Forecasting Cash Receipts

- Inventory Analysis

Marcelo P.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"A Greater Product"

What do you like best?

IBM Planning Analytics changes the way that Budgeting can be faced by a Company. It take more agility, networking, security, and the capacity to do more with less. The reports are very easy do do and customize. We can interact with contributors with a Contribution Flow, builing roles very fast, working with very big Cubes with milions of data.

What do you dislike?

Just little points can be improved. One point is the product price. Another great point is the establish of IBM Cloud. We have faced some problems in SaaS enviroment. We can figure out some problems with people that feel better with Excel spread Sheet. So is important do workshops in the project Start.

Recommendations to others considering the product:

IBM Cognos Planning is the write way for your company do the Planning Processes that you need for increase your Bottom Line

What problems are you solving with the product? What benefits have you realized?

We are solving problems in Health Care, Automotive and Finance Industries. We delivered solutions that the costumers can work with scenarios, spreading budget, and bottom line optmization. For the automotive industry we delivery I Planning Solution that plan the number of cars that they need do product in a month. For the heathy care industry we do a budget apllication that controls the medicine consults. For the Finance we develop an apllication that support the new products delivery and controls credit risk and operation risk. For the civil constrution we delivery an apllicant that controls the gross margin for each apartment that they build.

Clean G.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"More than just a budget and simulation platform"

What do you like best?

The IBM Planning Analytics platform is robust and evolving according to the needs of its users. It has brought to the planning universe more than just a way of working with calculations and scenario simulations. The visual with which the data is viewed has helped significantly the presentation of results. Is a platform that delivers what you want when it comes to data volume and speed of processing.

What do you dislike?

The process of application construction is not very intuitive in the view of the end user. I believe this is directly linked to feeders. Performance Modeler, despite having come up with a proposal to facilitate construction, the end result for larger projects can be frustrating in terms of maintenance and migration. Currently there are several client server applications that make the implementation and maintenance process extremely confusing. I understand that the client server tools will be discontinued because they are still distributed to new clients, even in the cloud.

Recommendations to others considering the product:

Work hard to eliminate 'feeders'.

What problems are you solving with the product? What benefits have you realized?

As a consultant who has been working with the platform for some years, I have been able to help my clients using specific methodologies to implement optimization algorithms in order to guarantee the best combinations of results. Basically I have integrated my results optimization solutions to the Planning Analytics platform and through a methodology that I developed over the course of a few years, results previously impossible are now the reality of my clients.

Diego S.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"So robust"

What do you like best?

The planning analytics platform has inproved much for the last years. The Workspace is a must go for the application, because it has every thing that you need to develop, use and manage the applications.

It is a very robust platform used mainly budget and forecasting process, but you will fore sure find other uses for the planning capabilityes.

What do you dislike?

In some point, the platform get a little bit messy with all the tools that you coul use such as performance modeler, architect, pax, cafe, etc. now its getting better.

Recommendations to others considering the product:

The platform is very good, and it deliver very rich visualizations as well as it is a very flexible soluction.

What problems are you solving with the product? What benefits have you realized?

Basicaly budget and forecasting process, but you will fore sure find other uses for the planning capabilityes.

Edson A.
Validated Reviewer
Review Source

"Not only for planning....!!! it can be used for more!!!!!!"

What do you like best?

This is a platform: A repository, business rules and a user interface. end-to-end capabilities to deliver solutions.

What do you dislike?

Continuous improvements of the platform sends mixed messages with features and tools coming in and out as the versions evolve. i.e: Insigth, architect, pm, etc.

I understand the evolution process, however making sure all customers are aware of the product roadmap and potential risks/issues they will have to address as they embrace upgrades will help to set clear expectations and most likely make us all part of the PA family.

Recommendations to others considering the product:

See it as a platform, create a framework to evaluate application fitness when analyzing new opportunities to implement solutions.

What problems are you solving with the product? What benefits have you realized?

Planning, Consolidation, complex calculations, workflow.

on next question, it would be good to have "Solution Architect / Platform Architect"

Jennifer K.
Validated Reviewer
Review Source

"Data analyst's must"

What do you like best?

As a data analyst, I deal with a lot of data. I like to look at the same data in multiple views, with different filters, historically, etc. However, that means that I will have to create multiple files. With TM1, I don't have to do that. Once I export it to Excel as a formula driven file, all I have to do is edit the cell that it is pulling from. For example, if I want to see 2016 data when I pulled 2017 data, all I have to do is change the cell that contains 2017 into 2016 and press F9 (which will refresh the page).

What do you dislike?

I dislike that it takes a longer time for the file to process if the file has a lot of data. Also, if the file exceeds a certain amount of lines that it will export, it won't work, which means there is a limit to the amount of data that you can work with. Also, it isn't super flexible with the reporting. You can export it so that it has no layout or the given layout. However, the given layout looks old.

Recommendations to others considering the product:

It definitely takes time to understand it as a user. However, if you are doing more than pulling data and exporting it, such as creating a separate cube, you will definitely need training from IBM or take a professional course.

What problems are you solving with the product? What benefits have you realized?

We use TM1 for budgeting, forecasting, and anything related to financial planning. We have different cubes for different purposes and can be used by many different users because it is versatile.

Josh K.
Validated Reviewer
Review Source

"Old but efficient"

What do you like best?

IBM Cognos TM1 is trustworthy. I really like that you can export the file into two different forms: one with formulas and the other without formula. With a simple change in the filter, it can change the data on the worksheet. It is very simple if you are careful with it. If you work with data analyzing, this product will come in handy for you.

What do you dislike?

The bigger your data is the longer it will take for your file to reload. Sometimes, it might take 20 minutes depending on how big your file is. People that are not patient like me, will need to go for a walk or something. Also, it is very unforgiving. If you make even a slightest spelling error, your entire file will reload as error.

Recommendations to others considering the product:

They should look into how they can make the report look better. Often times, we have to edit how the file look. If TM1 can spit out the information in a way that it looks more presentable, that'd be great.

What problems are you solving with the product? What benefits have you realized?

We use TM1 for many different projects. One of the biggest project is budgeting. We will look at the historical data of the expenses and compare it from year to year. Then we will compare to what the regional managers have put it and see if their planned budget is pragmatic or not.

Gerald D.
Validated Reviewer
Review Source

"Flexible tool for adhock reporting"

What do you like best?

I like Cognos general adaptability around most any data set, its robust reporting logic and platform is very diverse and can fit many business needs.

What do you dislike?

THe UI is somewhat dated looking and the error messagening is not the worse I have seen but, could use a slight improvement.

Recommendations to others considering the product:

We have very difficult reporting needs on our tool. This product was able to facilitate our adhock reporting model. Gave us the flexibility to allow our customers have as much or as little control of the tool as we though was logical. Giving them to many options would be overload of information and to little they cant successfully run their data and manipulate it as needed. Setup was a longer process and we ended up building an automated framework tool from our servers. The framework setup did take some time when done manually and the learning curve for using the reporting site took time as well to learn due to its complexity. But once done with our beginning milestones the tool has been a stable platform.

What problems are you solving with the product? What benefits have you realized?

We use it for our SaaS platform. Adapting it to all of our modules which are highly customized and each client has a different set of fields and workflow logic associated with their data

A
Administrator
Validated Reviewer
Review Source

"Planning Analytics Workspace - High Adoption"

What do you like best?

Moving from TM1 Websheets to PAW has been a tremendous success. We have been using our existing TM1 websheets for over 5 years and while they were sufficient for our needs, we had many users asking about new functionality or enhancements over time. With PAW, we have been able to transform the user experience...gaining speed and functionality we have not seen before. Transitioning our websheets was relatively quick and adoption was extremely high. Within 30 min we had our users comfortable with the new process.

What do you dislike?

As like most new applications, there are some features which are not currently available (but on the IBM roadmap). IBM has been extremely helpful in guiding us to "workarounds" for the time being which in which are not transparent to the end users.

Recommendations to others considering the product:

Great product with features you can not find with other systems.

What problems are you solving with the product? What benefits have you realized?

We are moving past traditional numeric data input sheets to supplementing with visualizations in the same screen. This allows users to quickly see the impact of input as they are planning their numbers. In addition, the ad hoc capabilities have been useful for our power users.

A
Administrator
Validated Reviewer
Review Source

"IBM Planning Analytics for Excel is the killer app for finance and accounting users"

What do you like best?

IBM Planning Analytics for Excel is the killer app for finance and accounting users. I say this because finance and accounting professionals love Excel and hate any initiative to pull them out of Excel, no matter how benevolent the cause is and how helpful it is to the broader enterprise. WIth a successful PAX implementation, finance and accounting can remain 100% in Excel and the organization still unlocks insights from their contribution quickly and easily.

What do you dislike?

I am not aware of a way to have multiple "custom views" on a single spreadsheet with dimensions being sync'd, as is available in PAW. The addition of this would function would make it incredibly powerful. Also, I am not aware of a way to "rebuild" custom sheets (for new elements) without needing to use VBA in conjunction with MDX queries.

Recommendations to others considering the product:

Really understand the business requirements first to ensure it is the right fit.

What problems are you solving with the product? What benefits have you realized?

We are in evaluation mode, ready to pilot. Our organization does EVERYTHING in Excel - we want a way to capture all of the data that lives in Excel to revolutionize our analytics, deliverables, and decision-support.

C
Consultant
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Excellent planning solution (and more)"

What do you like best?

PA/TM1 is has features which are well-suited to planning applications, in particular, thanks to its best-in-class real-time calculation and modeling engine. It integrates well with other applications and data sources, as well, and is able to handle large numbers of users and quantities of data. It has the best Excel integration of any planning or financial reporting application I've ever worked with. Best of all, it is incredibly flexible: it can do much more than planning and is able to solve a host of other business problems including financial consolidation, allocations, and much more!

What do you dislike?

The modeling and ETL scripting languages are proprietary and, while powerful, can be challenging and may have a steep learning curve for some users.

Recommendations to others considering the product:

Ask for a proof of concept with your data. Most other competitors will resist anything other than canned demos.

What problems are you solving with the product? What benefits have you realized?

Planning/budgeting/forecasting, financial reporting, consolidation, allocations, and many other types of financial models.

C
Consultant
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Planning Analytics User Experience"

What do you like best?

Workspace is really good and it gives a good edge when organisations do their enterprise planning. It is easy to use and visualize data in order organisations can get a glimpse of their business rapidly.

What do you dislike?

it would be good if you can organise your TI process more proper manner, for example use some kind of folder structure for TI Processes. We know that workspace is still under development and we have found some bugs from the product but IBM is doing a good job to tackle these issues. For example we have faced issues with the scandinavic letters etc.

What problems are you solving with the product? What benefits have you realized?

We are using PA for budgeting and forecasting and also modelling organisation business. If we compare PA to TM1, the biggest benefits are related to alternative hierarchies, better user experience and enhanced Excel add-on Planning Analytics for Excel.

CI
Consultant in Information Technology and Services
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"PA for Finance and Operations "

What do you like best?

My favorite feature of PA is that you can keep the best features of excel and harness a powerful database to eliminate all the things that are difficult about excel (data integrity, data consolidation and lengthy planning and reporting cycles). I also like that the product is a blank slate and is 100% customized to your business needs.

What do you dislike?

Since PA is a blank slate, if not implemented by an experienced professional who understands the architecture (not all partners are equal) it can become a mess. Be sure to vet your partner and make sure they have the level of experience required

Recommendations to others considering the product:

Choose PA! I would recommend PA to anyone. It can be used in many areas of your business not just financial planning so has a greater ROI.

What problems are you solving with the product? What benefits have you realized?

Financial planning, reporting and consolidation. Forecasting and budgeting. Financial consolidations and eliminations. Operational reporting. Business modeling.

Dilraj S.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Real Time Financial Performance Management Leading product"

What do you like best?

Planning Analytics has the horsepower, agility, and adaptability to incorporate complex business rules and provide detailed accurate reporting. The new capabilities such as PA Workspace are making it easier for Power users to model and design without having deep coding skills.

What do you dislike?

The product has limitations when it comes to transferability between clients such as Perspectives, PAX to a web client like TM1Web or PA Workspace.

Recommendations to others considering the product:

Best FPM Product for all planning and budgeting.

What problems are you solving with the product? What benefits have you realized?

Problem resolutions revolve around planning and budgeting to accomodate financial requirements in various industries. Benefits include real time reporting with customizability and depth.

Joshua M.
Validated Reviewer
Review Source

"IBM TM1 - The best solution for your financial planning."

What do you like best?

The product is incredibly flexible. You can find a way to do almost any requirement in it. I also like how it integrates with other IBM products like BI (Cognos Analytics). The excel functionality is also a must have for most finance users. We are upgrading to Planning Analytics and excited about the new excel and dashboarding functionality.

What do you dislike?

Sometimes the product can but heads with itself (i.e. some load processes can cause the system to lock up, though this is gradually being improved with each release). The reporting aspect of it isn't super flexible even when integrated with BI. In my past experiences with it some higher ups will want to turn it into the end all/be all solution and hold every type of data for your reporting and your company. IBM can sometimes push this and it is certainly a database in it's own way, but it should not be treated as a fully encompassing data warehouse.

Recommendations to others considering the product:

Take a look at what your current solution lacks and I am betting that TM1 can deliver it. If you are looking for speed, flexiblity, reporting or a variety of user interfaces then TM1 will provide all these and then some. I greatly enjoy developing for it and I have yet to encounter a financial planning or reporting request that I haven't found some way to utilize the software to fulfill.

What problems are you solving with the product? What benefits have you realized?

We are using TM1 both as a financial planning and reporting tool. It is a fully encompasses solution for the finance business users. We upgraded it from Cognos EP which was incredibly slow and limiting. The speed gains alone are enough to upgrade, but TM1 really provides the flexibility to do everything the business users need. The fact that we can load data directly into it and report directly off of it saves a lot of time and delivers data to the users very efficiently.

UH
User in Higher Education
Validated Reviewer
Verified Current User
Review Source

"Love the custom experience our implementation team created! TM1 made it possible!"

What do you like best?

Even though there are some hoops to jump through, everything our team has customized with this product comes out on spot. It continues to operate flawlessly once it is streamlined. Our entire community loves the overall product, and our reporting solution is now second to none. We've customized the product to meet our needs perfectly, and continue to prove we can do so as new needs arise.

What do you dislike?

It can take a lot of testing to streamline new reports. Once they are perfected, things run so smoothly it's hard to remember all the effort that went into producing them, but it does seem to take some time to perfect the final product. TM1 allows us to do it pretty simply, however, so it's hard to complain when the solution comes out so good in th eend.

Recommendations to others considering the product:

Take your time and implement it right. Get good partners. You'll need them but it will be worth it!

What problems are you solving with the product? What benefits have you realized?

We are solving multiple needs of our organization with this single product. We've been able to access multiple data sources and bring them together for a multitude of audiences in an easy to use product that our population truly understands and has started to come to embrace.

U
User
Validated Reviewer
Review Source

"Timeless"

What do you like best?

What I love the most about TM1 is how I can create both a values file and a formula driven excel file. If I'm creating a report, I can just create a template with the formulas embedded so all I have to do is change the month or the year. After I refresh the page, it automatically updates the page.

What do you dislike?

I don't like the template that it comes with the product. It makes my report look very old-fashioned. The interface of the product can be modernized. Also, if the system is down I can't do my job. I also don't like that there is a limit to how much data I can pull out.

Recommendations to others considering the product:

TM1 needs more update and make it more user friendly. It is very intimidating at first.

What problems are you solving with the product? What benefits have you realized?

I utilize this product to do many things. I can see the monthly budget with TM1. I use TM1 to either create a report or to analyze different accounts.

U
User
Validated Reviewer
Verified Current User
Review Source

"User-friendly and helpful reporting tool"

What do you like best?

The application is very easy to use. It doesn't take long time to learn how to get the most of it and how to improve your work. It's a very helpful tool in both reporting but also performing financial analysis.

What do you dislike?

It would be helpful to have the possibility to access some video tutorials on how different interfaces can be managed and the different ways you can view the reports/data.

Recommendations to others considering the product:

IBM Planning Analytics can be of great help to every organisation, which provides knowledge and assistance in financial reporting and business analysis.

What problems are you solving with the product? What benefits have you realized?

Reconciliation of financial statements, KPI reporting, Intercompany transactions.

Sam Y.
Validated Reviewer
Review Source

"IBM Planning TM1 Review"

What do you like best?

The TM1 engine's performance is amazing. Data retrievals are extraordinary fast. TM1 object migration is very simple.

What do you dislike?

We have been having challenges resolving application security vulnerabilites. Security has been a priority for our company and getting vulnerabilties resolved takes quite some time.

What problems are you solving with the product? What benefits have you realized?

With Planning Analytics, we are creating a global platform. Because of TM1's performance latency in the past, we were not able to achieve this. Now with the Planning Analytics platform, we are able to get all our TM1 regional instances into 1 platform.

Bill G.
Validated Reviewer
Review Source

"Planning Limited Only By Your Imagination"

What do you like best?

Seemingly unlimited capability and flexibility to handle the most complex planning challenges, giving the customer exactly what they want.

What do you dislike?

Sometimes the coding can be a little complex until your knowledge of the tool increases.

Recommendations to others considering the product:

More integration with Cognos Analytics. Ideally Planning Analytics would just plug into Cognos Analytics as a data soure and there would only be a single reporting platform

What problems are you solving with the product? What benefits have you realized?

Ability to take detailed inputs and quickly translate to operating results of business units. Accountability driven down to whatever level is important.

Bobbi Jo R.
Validated Reviewer
Review Source

"Planning Analytics improves processes and saves us time"

What do you like best?

The ability to have basic settings and capabilities for end users while at the same time offering dynamic high level power users the ability to pull data in multiple formats.

What do you dislike?

Because it is still growing and changing (which is understandable) sometimes support is slow or lacking. O

Recommendations to others considering the product:

Plan well.

What problems are you solving with the product? What benefits have you realized?

Time. The ability to use both Cognos Analytics and Planning Analytics allows us to import GL data into our daily Planning Analytics environment which helps close out the monthly process a lot quicker than before we used TM1.

Jaydeep V.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Best product to finalise Planning & Budgeting Solution"

What do you like best?

Easy to use, multi-dimensional functionality, Robust & Fast which will enable your Analytics requirement fulfilled. You will get more time on Analysis than the Data Input.

What do you dislike?

There are very few thing which can be disliked. So easy to forget those.

Recommendations to others considering the product:

Please see the latest Demos of IBM Planning Analytics if you are going to implement one of the solutions in market.

What problems are you solving with the product? What benefits have you realized?

HR Analytics, Compansation Planning, Retail Store Planning, Merchandise Planning, Sales & Forecasting for Mobile & Accessorries Retailer

Karen H.
Validated Reviewer
Review Source

"Functionality and performance do not disappoint!"

What do you like best?

The new integration with excel via Planning Analytics for Excel and increased performance when loading large sets of data has been instrumental in our planning and forecasting processes and analysis. The visualizations provided by PAW have greatly enhanced our user experience as well.

What do you dislike?

The subset editor is a little clunky at first to get used to.

What problems are you solving with the product? What benefits have you realized?

All forecasting from Sales, Margin, Inventory to Departmental Expenses. We have provided the ability to easily access data, receive inputs, and customize viewings by business area as needed.

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