IBM Planning Analytics is a planning, budgeting, forecasting and analysis solution, available for deployment on premise or in the cloud. Built on the technology of IBM Cognos TM1, it helps organizations automate manual, spreadsheet-based processes and link financial plans to operational tactics. IBM Planning Analytics features a customizable workspace that can be deployed to cost center owners and business managers. It also offers a Microsoft Excel interface.
IBM Planning Analytics facilitates practices such as driver-based planning and rolling forecasts. Users can perform complex dimensional calculations to analyze product and customer profitability, sales mix and price/volume variance. IBM Planning Analytics enables users to discover insights automatically, directly from their data, and drive decision-making with the predictive capabilities of IBM Watson Analytics. It also incorporates scorecards and dashboards to monitor KPIs and communicate business results through a variety of visualizations.
Jeffrey from American Campus Communities
Specialty: Real Estate
Employees number: 1,001-5,000 employees
The overall product provides a central system and removes the need to purchase many different platforms.
The security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory
Amanda from Construction
Specialty: Construction / Contracting
Employees number: 11-50 employees
IBM has the absolute best customer service. Each time we had an issue there was someone from their IT Support to help right away. We spoke with a guy named Steve once that fixed us up perfectly. Thank you IBM and thank you Steve!
Michael from Education affiliates
This product allows our Finance team to forecast. Being able to tie the data to our data warehouse allows our users to slice and dice the data they way that they need.
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.
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.
David from Model Simply
It is a very power tool if used in the right situation in the right way.
Ability to create complete UI and getting data out of it.
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.