All IBM Planning Analytics Reviews
1-12 of 12 Reviews
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Gerson
Verified reviewer
Used less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed February 2018
Trustworthy as TM1
Predictive insights uncovered automatically with just a few clicks
PROSIt's powered by TM1 another great solution of IBM. Eliminate manual tasks derived from the constant and tedious use of spreadsheets. It provides dynamic planning and analytics workspace to model real-time scenarios. Once I export it to Excel as a formula driven file, all I have to do is edit the cell that it is pulling from and the result will vary depending of the desired result.
CONSMust wait some time while files are processed. Also penalize heavily errors. But once is set the results are great.
Anonymous
10,000+ employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed January 2020
Great CPM enterprise software
We had great experience using IBM Planning analytics implementing the workforce planning, and marketplace planning. It is stable and robust, supporting enterprise level planning and forecasting. The integration with cognos analytics make the reporting side easier.
PROS1. Good performance especially the enhanced processing engine in the recent versions; 2. Robust reporting capability and integration with other IBM software such as IBM Cognos Analytics and Microsoft office; 3. Capability of integration with Watson and SPSS.
CONS1. 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.
Reason for choosing IBM Planning Analytics
The corporate policy and intergation need with other IBM products made us stay with IBM Cognos analytics.
Michael
Primary/Secondary Education
Used less than 2 years
OVERALL RATING:
3
EASE OF USE
2
FUNCTIONALITY
4
Reviewed August 2016
IBM Cognos TM-1
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.
CONSThis 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.
Paul
Accounting, 1 employee
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed February 2023
IBM Planning Analytics for Planning and Reporting in Finance Depts
I have built complex models in TM1 for both Management and Statutory Accounts. I have built planning models in areas such as property valuations, ship building project costing, airline route profitability, currency conversion, activity based costing, public finance initiative scenario comparison, etc
PROSTM1 aka Planning Analytics will consolidate data in real-time. As soon as a budget figure is changed at the bottom of the hierarchy you can see the impact of that change on all higher level numbers, and on any related values for which calculations can be defined in its rules language. It can easily cope with Currency Conversion, Rate based Planning, Allocations, Activity Based Costing, etc. The multi-cube architecture means that if you change a value in eg the Price cube you can see the impact on other related cubes, such as Sales and Profit and Loss. It has real time links to Excel making it easy to build Excel sheets that can be used as input templates for budgeting, where entering a number instantly updates the underlying TM1 cube and which can also be used for sophisticated reporting. The Excel workbooks can be easily published to TM1 Web where are then accessible to anyone with a web browser. Data can be both entered and reported on, in the web.
CONSThe Planning Analytics Workbench PAW is not as capable as Power BI for Dashboarding. However, the modelling and planning capabilities of TM1 are superior to those of Power BI.
Reason for choosing IBM Planning Analytics
See above
Reasons for switching to IBM Planning Analytics
Neither of these products could handle real-time calculations. In both products a lengthy recalculation process is needed during which time the model cannot be accessed. They are suited to reporting, but cannot handle both planning and reporting.
Alaister
Verified reviewer
Information Technology and Services, 11-50 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed July 2022
Excellent budget planning tool
We have a good experience using it to do budget planning, analysis and forecasting.
PROSThe Excel integration helps us make budget planning and reports. The automated data processing tool is very useful and flexible.
CONSThe learning curve is a little bit high due to lack of documentation. At first, we found this tool difficult to use.
Luigi
Computer Software, 1 employee
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
3
FUNCTIONALITY
5
Reviewed February 2019
A predictive/analysis software at fist class
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.
CONSThe direct support supplied by IBM is more a commercial than technical support, by the way there is plenty of IBM partners supporting it
Madhukeshwari
Computer Software, 11-50 employees
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2018
Awesome tool to manage budget and planning
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
CONSBit difficult to setup, no more articles over the internet, you need to ask some techies for one time setup. Later anyone can handle it
David
Management Consulting
Used more than 2 years
OVERALL RATING:
3
EASE OF USE
4
CUSTOMER SUPPORT
1
FUNCTIONALITY
4
Reviewed August 2015
I've been a TM1 consultant and administrator for the past 5 years.
It is a very power tool if used in the right situation in the right way.
CONSAbility to create complete UI and getting data out of it.
Jeffrey
Real Estate, 1,001-5,000 employees
Used weekly for less than 2 years
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
3
CUSTOMER SUPPORT
3
FUNCTIONALITY
5
Reviewed March 2017
BI Product
The overall product provides a central system and removes the need to purchase many different platforms.
CONSThe security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory
Nabeel
Government Administration, 1,001-5,000 employees
Used monthly for less than 12 months
OVERALL RATING:
2
EASE OF USE
2
VALUE FOR MONEY
3
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed November 2017
TM1 Review
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. If these conditions are not ideal, then TM1 will not add as much value to the organization as it is designed to.
PROSThe 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.
CONSTM1 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.
Luigi
Management Consulting, 1 employee
Used monthly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed January 2018
The best budgetting sw ever seen
I devellopped twice TM1 and my customers were always happy
PROSIBM Cognos TM 1 is the best solution for budgetting & modelling; it has a strong adherence to each budgetting process due to its flexibility
CONSThe price is a little high for those companies having small business; the interface could be improuved
Amanda
Construction, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2016
Best Customer Service
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!