IBM Planning Analytics Features

IBM Planning Analytics

Planning, budgeting, forecasting, analysis & scorecarding

4.25/5 (10 reviews)

IBM Planning Analytics Feature Summary

  • Multi-department / project
  • Run rate tracking
  • What if scenarios
  • Microsoft Excel integration
  • Quick-start templates
  • Predictive analytics
  • Predictive modeling
  • Scenario planning
  • Strategic planning
  • Visual analytics
  • Budgeting & forecasting
  • Scorecarding
  • Self service analytics

Competitor Feature Comparison

"What If" Scenarios
Activity Dashboard
Alerts / Escalation
Application Integration
Budgeting
Business Intelligence
Customizable Templates
Forecasting
Predictive Analytics
Reporting & Statistics
Scenario Planning
Self Service Portal
Strategic Planning
Visual Analytics
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"What If" Scenarios
Activity Dashboard
Alerts / Escalation
Application Integration
Budgeting
Business Intelligence
Customizable Templates
Forecasting
Predictive Analytics
Reporting & Statistics
Scenario Planning
Self Service Portal
Strategic Planning
Visual Analytics
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"What If" Scenarios
Activity Dashboard
Alerts / Escalation
Application Integration
Budgeting
Business Intelligence
Customizable Templates
Forecasting
Predictive Analytics
Reporting & Statistics
Scenario Planning
Self Service Portal
Strategic Planning
Visual Analytics
Visit WebsiteCompare App

IBM Planning Analytics Feature Reviews

9 reviewers had the following to say about IBM Planning Analytics's features:

Nabeel Chohan

TM1 Review

2017-11-18

TM1 is a great tool to have as long as the organization's system interfacing are setup to work reliably and the databases are designed to interface with each other.

Pros

The biggest advantage of using IBM Cognos TM1 is the ability to fully incorporate budgets and planning into the accounting system and the ability to use Cognos and Costpoint and other softwares to expand, analyze and extrapolate these budgets, planning and forecasts.

Cons

TM1 heavily relies on data feed from other systems whether it be Cognos, CostPoint or T&E and any small issue during the data interface can skew the analysis and often result in errors and misleading financial analysis.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

5/10
Source: Software Advice
Helpful?   Yes   No
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Anonymous
(Banking company, 10001+ employees)

Great CPM enterprise software

2020-01-15

The integration with cognos analytics make the reporting side easier.

Pros

Good performance especially the enhanced processing engine in the recent versions; 2.

Cons

Although feeds and rules are the cores of IBM Planning Analytics, it makes the developer really hard to design and troubleshooting, wondering if the complexity can be encapsulated with a more business driven approach; 2.Comparing to other software, IBM Planning Analytics lack of new features in the recent couple of years.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Madhukeshwari Singade

Awesome tool to manage budget and planning

2018-09-06

Pros

Its multi task software, so no need to buy different software to manage your organisation planning, reports are exporting to excel so easily modify it as you wish

Cons

Bit difficult to setup, no more articles over the internet, you need to ask some techies for one time setup. Later anyone can handle it

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Software Advice
Helpful?   Yes   No
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Gerson Madrid

Trustworthy as TM1

2018-02-22

Predictive insights uncovered automatically with just a few clicks

Pros

It provides dynamic planning and analytics workspace to model real-time scenarios.

Cons

Must wait some time while files are processed. Also penalize heavily errors.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Occasionally

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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David Chen

I've been a TM1 consultant and administrator for the past 5 years.

2015-08-28

Pros

It is a very power tool if used in the right situation in the right way.

Cons

Ability to create complete UI and getting data out of it.

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Likelihood to recommend

8/10

Recommendations to others considering IBM Planning Analytics

This is really a planning, budgeting, and forecasting tool. Deviating too far away from it will cause problem. Also, make sure you pick the right business partner. Best practices are very important.

Source: Software Advice
Helpful?   Yes   No
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Luigi Sansottera

A predictive/analysis software at fist class

2019-02-02

Pros

If you need to perform Budgetting activities having several cost centers and managers from which you need to collect budget data, this is the solution to your need.

Cons

The direct support supplied by IBM is more a commercial than technical support, by the way there is plenty of IBM partners supporting it

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
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Michael Barnes

IBM Cognos TM-1

2016-08-23

Pros

Being able to tie the data to our data warehouse allows our users to slice and dice the data they way that they need.

Cons

This product is hard to maintain at times. Being a place that doesn't have trained individuals on how to use this, we have to turn to outside vendors to help us out quite a bit. Doesn't seem to intuitive and is hard to finds information on the internet.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Likelihood to recommend

8/10

Recommendations to others considering IBM Planning Analytics

Look for something that will be a little more user friendly. Cognos at the time that we implemented was one of the few products on the market. There are a lot of options out there. Make sure you find the one that fits your environment the best.

Source: Software Advice
Helpful?   Yes   No
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Luigi Sansottera

The best budgetting sw ever seen

2018-01-10

I devellopped twice TM1 and my customers were always happy

Pros

IBM Cognos TM 1 is the best solution for budgetting & modelling; it has a strong adherence to each budgetting process due to its flexibility

Cons

The price is a little high for those companies having small business; the interface could be improuved

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
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Amanda Aulgur

Best Customer Service

2016-10-25

IBM has the absolute best customer service. Each time we had an issue there was someone from their IT Support to help right away.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
Read more