IBM Planning Analytics as a Service
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Agility and data integration in one place
What do you like best about the product?
Planning Analytics is a comprehensive tool that helps us overcome challenges and design predictive scenarios. I really like the agility that the tool provides.
What do you dislike about the product?
Delay in provisioning and sometimes it goes offline when we use it in SaaS mode, this causes discomfort and delays in report delivery.
What problems is the product solving and how is that benefiting you?
Before Planning Analytics, it took a long time to deliver reports to my directors, and the information was scattered across various spreadsheets, taking weeks even, but now it takes me hours to run my consolidated budget and present it in strategic meetings with the board.
IBM Planning Analytics Evaluation
What do you like best about the product?
What I like most about IBM Planning Analytics is the flexibility of the tool. It is possible to model practically any business scenario and see the results in real time, which greatly speeds up analysis and planning. The integration with Excel is also nice because spreadsheets are generally widely used in the corporate environment, and the tool provides a visual and intuitive environment in this mode.
What do you dislike about the product?
What I like the least is that some configurations and customizations still require a lot of technical knowledge, especially when we are dealing with TurboIntegrator or more complex rules.
What problems is the product solving and how is that benefiting you?
IBM Planning Analytics has been very helpful in eliminating problems such as lack of integration between information, slowness in analyses, and excessive manual controls spread across spreadsheets. Previously, each area used its own files, which ended up generating duplicated work, data inconsistencies, and difficulty in having a consolidated and reliable view. With TM1, I can unify everything in a single environment, with data always updated and accessible in real-time. This makes the process of planning, forecasting, and monitoring results much more practical, fast, and secure.
Financial planning in one place
What do you like best about the product?
What I like most is the integration with Excel and because it is a tool that I can open tickets that respond quickly.
What do you dislike about the product?
Nothing to declare, it is a complete tool, but the learning curve can be a bit long for new users.
What problems is the product solving and how is that benefiting you?
Before this tool, I used many spreadsheets to reconcile the information, more than 5 at the same time. After the planning, we managed to reconcile all the information in one place, it's wonderful.
Great tool for work
What do you like best about the product?
Allows creating custom planning models with dimensions such as product, region, time, channel.
What do you dislike about the product?
Although it is possible to work with multiple scenarios and users, version control and collaborative workflows require a lot of manual configuration.
What problems is the product solving and how is that benefiting you?
The Team's Planning
Best software for Financial Planning
What do you like best about the product?
The adaptability, the easy to use funcitons and how easy it is to program. I have been a consultant who works with Planning Analytics since it was called TM1, and have always liked it's performance, easy-to-use navigations and adaptability to ensure the company's needs. Best software for FP&A and other planning needs.
What do you dislike about the product?
Sometimes we run into a necessary update (Cloud) and the upgrades aren't fully funcitional yet, which can be a hassle, but other than that, I really enjoy it.
What problems is the product solving and how is that benefiting you?
The integration between various databases is a differential. We usually have a database for HR teams, which are more reserved as far as security access goes, and we can easily integrate with the rest of the FP&A database and garantee that our Financial Reporting is always up to date with the latest data. Easy to create dashboards, easy to use books and Apps too. Front end (PAW) and back end (Workbench) are both really good.
Planning Analytics Assessment
What do you like best about the product?
What I like most about planning analytics is the ability to change the position of the metrics.
What do you dislike about the product?
I find the interface not very user-friendly, it looks like an old system.
What problems is the product solving and how is that benefiting you?
For the end customer, planning analytics helps them see the data in detail.
Best budget planning platform
What do you like best about the product?
I like that it is practical and intuitive for both developers and users.
What do you dislike about the product?
The lack of video documentation with examples.
What problems is the product solving and how is that benefiting you?
I haven't had any problems yet.
The Best Planning Software
What do you like best about the product?
The Planning Analytics evolved to a planning solution that can be integrated to any other software, enabling the construction of a budget and facilitating the forecasting process of any company.
What do you dislike about the product?
Well, there is some front-end resources that the software needs to evolute, for example, the responsivity
What problems is the product solving and how is that benefiting you?
The PA solves the problem of many worksheets of the budget across the enterprise, permitting only one budget version for all company, and permiting the collaboration of all areas, via web portal that is easy to use (Workspace)
Scenario-building and forecasting with advanced machine learning features
What is our primary use case?
Our primary use case for IBM Planning Analytics is for budgeting, planning, and forecasting. We also use it as a reporting tool, preparing our database to get our P&L and trial balance, and disclose financial data.
What is most valuable?
IBM Planning Analytics can help us build scenarios through a sandbox environment, allowing us to test multiple variables and assess their impact on our budget and planning. The ability to maintain multiple versions is crucial for us. It also integrates machine learning and AI engines, enabling us to use algorithms for inventory forecasting which optimizes our inventory and replenishment rates, making it valuable for data-intensive forecasting.
What needs improvement?
IBM is behind competitors like Tableau and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties. IBM's visualization needs significant improvement.
For how long have I used the solution?
I have been using IBM Planning Analytics since 2016, but our organization has been with IBM Cognos solutions for planning since around 2006.
What do I think about the stability of the solution?
The solution has been stable enough, as we have been using it since 2008 without major issues.
What do I think about the scalability of the solution?
Scalability is straightforward but it is pricey since it's a SaaS model priced per user.
How are customer service and support?
We do not use IBM directly for technical support due to their high prices. Instead, we rely on third-party partners recognized by IBM, who provide cost-effective support.
How would you rate customer service and support?
Neutral
Which solution did I use previously and why did I switch?
Before IBM Planning Analytics, we used IBM Enterprise Planning, which was also a Cognos product. It was eventually updated to the version we use now.
How was the initial setup?
Installation typically involves third-party assistance, either from IBM or a partner, as they have the expertise required for migrating data and setting up servers, especially in a SaaS context.
What about the implementation team?
Implementation is generally handled by third parties who are experts in IBM services.
What was our ROI?
Transforming IBM Planning Analytics into a reporting tool saves costs by eliminating the need for a separate reporting solution.
What's my experience with pricing, setup cost, and licensing?
While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly. Comparatively, IBM rates may be better than those of competitors, such as Hyperion and SAP's Business Objects.
Which other solutions did I evaluate?
We considered Oracle's Hyperion for integration with our systems, but found it to be very expensive compared to IBM.
What other advice do I have?
I rated IBM Planning Analytics eight out of ten points. IBM should focus on integrating their various products into a single solution as well as improving their visualization capabilities.
Which deployment model are you using for this solution?
Public Cloud
If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?
Other
User - friendly Financial Planning and Analysis tool
What do you like best about the product?
I like its robust modelling capabilities and flexibility, ability to create customisable dashboards/reports and integration with TM1 for real time data analysis.
What do you dislike about the product?
It doesn’t work offline making it difficult for me to work or gather required data when I don’t have internet connectivity.
What problems is the product solving and how is that benefiting you?
Creating customisable dashboards and reports and allowing real time data analysis. This is benefiting me to make quick decisions even if there is any slight change in the data.
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