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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 Evaluation
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.
A Smart and Reliable Tool for Planning
What do you like best about the product?
I like how powerful and flexible IBM Planning Analytics is when it comes to handling complex financial planning and forecasting. The ability to work with large datasets, automate reports, and create custom dashboards makes life so much easier. Plus, the integration with Excel is a big win—it keeps things familiar while adding more functionality.
What do you dislike about the product?
Setting up complex models can be time-consuming.
What problems is the product solving and how is that benefiting you?
It helps streamline sales forecasting and demand planning by giving real-time insights and automation. This reduces manual work, improves accuracy, and makes decision-making faster and more data-driven.
Making our lives better
What do you like best about the product?
Analytics helps in managing and analyzing the data. It simplifies the Budgeting and forecasting. It also helps in creating the report with raw data and by this it saves lot of our time.
What do you dislike about the product?
Sometimes the software will be very slow and the report might jumbled sometimes
What problems is the product solving and how is that benefiting you?
It helps in creating the reports with raw data which saves most of my time. It helps in data visualization.
A good platform for detailed business analysis
What do you like best about the product?
Very detailed plots and sessions help to get a good overview of the problem.
What do you dislike about the product?
Feels more congested, also it would better to what is where and maybe switching tiles.
What problems is the product solving and how is that benefiting you?
Helps to give me all in all analysis in a single dashboard
Amazing Planning Tool
What do you like best about the product?
I liked the Real Time Analytics and the interactive dashboard.
What do you dislike about the product?
There is no downside from my point of view but IBM can provide it with little low price.
What problems is the product solving and how is that benefiting you?
It is helping to forecast the future demand.
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