The main customers and use cases for Planning Analytics are large companies in the Czech Republic and Slovakia, typically with more than 2,000 employees.
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It's a great tool for analyzing, planning, and forecasting, which helps us make faster decisions
What do you like best about the product?
IBM has helped us carry out faster analyzes of our financial statements.
What do you dislike about the product?
For now, we don't have anything we don't like.
What problems is the product solving and how is that benefiting you?
We have multiple views to analyze
Capable of handling large amounts of diverse data types
What is our primary use case?
What is most valuable?
The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized, similar to Microsoft Excel but with the advantage of centralized data storage. Another essential feature is sandboxing, allowing extensive analysis and testing without affecting core data. Additionally, the workflow functionality enables locking and approval processes for calculations and formulas, providing enhanced management control and collaboration compared to Microsoft Azure.
What needs improvement?
To improve IBM Planning Analytics, adding predefined templates could be beneficial. These templates could cover various business areas like volume planning, service levels, and more. Specific templates for functions such as sourcing based on criteria like minimum order quantity and stock levels would also be helpful. Additionally, having templates for P&Ls and cash flow could enhance usability.
For how long have I used the solution?
I have been using Planning Analytics for about a year.
What do I think about the stability of the solution?
I would rate the stability of IBM Planning Analytics as a nine out of ten.
What do I think about the scalability of the solution?
The product is highly scalable. Our customers for IBM Planning Analytics are mainly large enterprise businesses, typically with two thousand employees or more.
How are customer service and support?
I would rate IBM's technical support as a seven out of ten. They could be a little faster.
How would you rate customer service and support?
Neutral
How was the initial setup?
Setting up IBM Planning Analytics can vary depending on client expectations and needs. For someone covering just one area, it might be relatively easy. I would rate the setup at around a six out of ten in terms of ease.
The deployment duration for IBM Planning Analytics varies greatly depending on each client's needs and complexity. It can range from a minimum of one month to a maximum of one year.
What was our ROI?
Customers see ROI with IBM Planning Analytics. It improves internal processes, reducing the need for extensive control departments and resulting in operational cost savings. More importantly, it enhances predictability in business and provides better insights into the potential impacts and implications of decisions.
What's my experience with pricing, setup cost, and licensing?
The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.
What other advice do I have?
IBM Planning Analytics is used for cross-departmental planning and forecasting by our customers. Different versions of the planning can be used, such as budgets and projections based on monthly results. The system keeps all historical data and tracks the development from projected numbers.
IBM Planning Analytics supports compliance and risk management within financial operations. It enables the calculation of impacts, such as increased interest rates, across various business areas. The effectiveness of risk management depends on the system setup and how risks are defined by the company.
In financial planning, IBM Planning Analytics aligns with current trends, including the use of AI and leveraging unstructured data. It is capable of handling large amounts of diverse data types. While it is unclear if IBM fully incorporates AI, it likely follows the trend as many companies do.
Before using Planning Analytics by IBM, consider your planning process and how it can be simplified. Understand that the system won't solve all issues on its own.
Overall, I would rate IBM Planning Analytics as a nine out of ten.
Which deployment model are you using for this solution?
Public Cloud
An experienced professional approach
What do you like best about the product?
Every buisness is different and the industry might be the same but the people are always looking to get the accurate insight about the clients there product performance market reach and growth prospects now understanding once buisness prospective and give meaningful insights is what I expected when we turn to IBM and it doesn't fail us
What do you dislike about the product?
There is nothing to dislike the process requires your utmost dedication when they are setting up the solutions because only once they get your pain points and strengths is when they are able to design and deliver the best tailored solutions
What problems is the product solving and how is that benefiting you?
As we are into various verticals of B2C and B2B it's hard to manage the inventory and purchase and at the same time to manage multiple teams and roster there work on a daily basic, IBM solved all the issues with even giving us insights as to how our team is performing and how we can scale up also
Can easily create dashboards and helps businesses improve forecasting accuracy
What is our primary use case?
I use the solution in my company for our company's budgeting process; IBM Planning Analytics is used every year to manage different scenarios based on the needs of the users. The finance managers in our company use the product to change 90 percent of the budget processes and cash flows, along with some forecasting purposes.
What needs improvement?
The local authentication part is difficult to manage in the product, making it an area where improvements are required.
For how long have I used the solution?
I have been using IBM Planning Analytics for six years. My company has a partnership with IBM.
What do I think about the stability of the solution?
The product's stability is good.
What do I think about the scalability of the solution?
The scalability is very useful. Previously, in my company, we used IBM Cognos and IBM Accelerator, but presently, we use IBM Planning Analytics, which is a very useful tool compared with the past products we used.
How are customer service and support?
I am satisfied with IBM's support. I rate the technical support an eight out of ten.
How would you rate customer service and support?
Positive
How was the initial setup?
The product is easy to deploy. The configuration of the authentication part with the tool is difficult. When I tried to integrate IBM Planning Analytics with LDAP, the configuration changed, so the config file changed. The integrations and certain syncs are sometimes difficult to match and authenticate.
What's my experience with pricing, setup cost, and licensing?
The licensing part of the product is good. Every year, there is a need to renew the license. My company also uses multiple functionalities offered under IBM Cognos Analytics for ETL-related purposes. Compared to the regular licenses offered, the licensing model of IBM Planning Analytics is good. Compared with the other tools in the market, IBM Planning Analytics is a bit expensive.
What other advice do I have?
The product has improved our company's forecasting accuracy since it serves as a very useful tool for our sales and controller teams as they easily get to enter the inputs using views in TM1, which gets loaded into our main database. If there are sales team members in different parts of the world, like in Hong Kong and Singapore, they may prefer to use IBM Planning Analytics, which is easy to use when compared to the Excel tool.
Speaking about planning analytics and data analysis, I would say that our company used to use IBM Cognos Analytics for reporting, where we used to use Cognos Dynamic Cubes so that users can easily use its drag and drop features while getting to see the data for which the users had to wait for two to three minutes prior to its use. In our company, tons of data are loaded into the memory, and users can use Cognos Dynamic Cubes to analyze data and understand it.
The AI capabilities of IBM have benefited our planning strategy as they are very useful for business. The tool allows the easy creation of dashboard reports using AI capabilities. No technical knowledge is required for business use cases.
It is possible to integrate the product in scenarios where some new integrations are available. I remember that my company used Azure Data Factory to connect Azure, Oracle, and IBM WebSphere Application Server.
When it comes to IBM Planning Analytics, it is complex to integrate it with LDAP and or any other authentication tool offered by Microsoft. In our company, some users like to integrate IBM Planning Analytics with the common LDAP or Microsoft AD, which we currently use for all our applications. The authentication part is difficult to configure with IBM Planning Analytics.
The maintenance of the product is easy. My company has scheduled maintenance on the product every week, especially during forecast times, so that memories automatically lapse and users can freely access their servers.
The use of the tool has had an impact on collaboration within our company's planning team since everyone knows how to easily access the data and publish the results.
I recommend the product to those who plan to use it.
I rate the tool a nine out of ten.
Turning raw data into insights
What do you like best about the product?
1.urning raw data into actionable insights.
2.Greater accuracy,workflow automation
3. Data Analysis
4. Support for Huge Volume of Data
2.Greater accuracy,workflow automation
3. Data Analysis
4. Support for Huge Volume of Data
What do you dislike about the product?
1.difficult to use for non-techincal users.
2. code debugging
2. code debugging
What problems is the product solving and how is that benefiting you?
1.Data Analysis, planning and Budgeting
2.Data Management
3. Automation of manual planning
2.Data Management
3. Automation of manual planning
Overall Satisfaction with IBM Planning Analytics
What do you like best about the product?
Flexible product that can easily be customized to various business needs
Integration with Excel - the foundation of most Finance organizations
Good dashboarding interface in Planning Analytics Workspace
Quick response time for complex calculations
Integration with Excel - the foundation of most Finance organizations
Good dashboarding interface in Planning Analytics Workspace
Quick response time for complex calculations
What do you dislike about the product?
Simplification of rule writing interface
What problems is the product solving and how is that benefiting you?
IBM Planning Analytics tackles several challenges faced by financial planning and analysis (FP&A) teams, leading to significant benefits for businesses. Here's a breakdown of the problems it solves and the resulting advantages:
Problems Solved:
Inefficient Budgeting & Forecasting: Manual spreadsheets and siloed data sources can lead to inaccurate forecasts and time-consuming budgeting processes. PA streamlines these tasks by automating calculations, consolidating data, and enabling collaborative planning.
Limited Scenario Planning: Traditional methods often make it cumbersome to test different business scenarios. PA allows for quick creation of "what-if" scenarios, helping you assess the impact of potential changes on your financial outlook.
Lack of Collaboration: Disconnected data and processes can hinder communication and transparency between departments crucial for effective planning. PA fosters collaboration by providing a central platform for data sharing and real-time insights.
Data Accuracy and Consistency: Relying on multiple spreadsheets increases the risk of errors and inconsistencies. PA ensures data integrity and consistency through a centralized data repository.
Problems Solved:
Inefficient Budgeting & Forecasting: Manual spreadsheets and siloed data sources can lead to inaccurate forecasts and time-consuming budgeting processes. PA streamlines these tasks by automating calculations, consolidating data, and enabling collaborative planning.
Limited Scenario Planning: Traditional methods often make it cumbersome to test different business scenarios. PA allows for quick creation of "what-if" scenarios, helping you assess the impact of potential changes on your financial outlook.
Lack of Collaboration: Disconnected data and processes can hinder communication and transparency between departments crucial for effective planning. PA fosters collaboration by providing a central platform for data sharing and real-time insights.
Data Accuracy and Consistency: Relying on multiple spreadsheets increases the risk of errors and inconsistencies. PA ensures data integrity and consistency through a centralized data repository.
Analyst
What do you like best about the product?
User friendly, streamlined and can be customised as per the client requirements
What do you dislike about the product?
Additional coverage of category others will help add new requirements
What problems is the product solving and how is that benefiting you?
All the channels involved are able to have a clear view of supply chain
IBM Planning Analytics -Trial Review
What do you like best about the product?
Insightful to unstructrured Data and efficient results and scalable as well. It was also user friendly.
What do you dislike about the product?
Needs to be more comprehensive on the learning side of the tool and customer support could be improved aswell
What problems is the product solving and how is that benefiting you?
It is providing the information in well formated structure that was not available before and allowing our departments to have access to information that impacts decision making in a timely manner
One of the best available planning tools
What do you like best about the product?
It's one of theost recommended tool in the market for planning .
With new implementation coming up regularly and also by the introduction of PAW it has improved a lot on looks and visualisation.
Also the working is very convenient and smooth also allows to do any sought of planning required based on project.
With new implementation coming up regularly and also by the introduction of PAW it has improved a lot on looks and visualisation.
Also the working is very convenient and smooth also allows to do any sought of planning required based on project.
What do you dislike about the product?
There should be regular bug fixes.
Also new impametatons updates can be elaborated on IBM docmetation
Also new impametatons updates can be elaborated on IBM docmetation
What problems is the product solving and how is that benefiting you?
It's helps us to plan for our project based on customer requirements and helps generating reports for that
challenges in managing the planning analytics environment
What do you like best about the product?
the ability to process "what-if" scenarios and check the possible impacts of changing variables
What do you dislike about the product?
the complexity of using the tool. the interface is not user-friendly, the configuration of services is confusing, and the developer community is small
What problems is the product solving and how is that benefiting you?
in reality, the tool has not been used to solve the problems it is intended for.
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