IBM Planning Analytics vs OneStream XF comparison

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2,241 views|1,327 comparisons
94% willing to recommend
OneStream Logo
1,416 views|854 comparisons
100% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between IBM Planning Analytics and OneStream XF based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed IBM Planning Analytics vs. OneStream XF Report (Updated: May 2024).
770,141 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"It's a very stable, robust product.""The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.""The most valuable feature is that it is able to slice and dice the data.""The ease of use is valuable. The fact that it's plugged into Excel spreadsheets is also valuable. It provides additional functionality where you can slice and dice the information in a way that you can't do with spreadsheets""The flexibility of IBM Planning Analytics is a great feature of this solution. The design flexibility with data rules and defining calculations The ability to combine online and offline calculations are a benefit. Additionally, the forecasting features and predictive analytics is very good.""Navigating through the data to make analysis is really quick.""Planning Analytics' best features include automatic updates and slicing.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."

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"The product's most valuable feature is extensibility.""We were with Oracle previously. With Oracle, you have to buy a different piece of software for every business process. If you want to do budgeting, that's a product. If you want to do consolidation, that's a product. If you want to do BI type of work, that's yet another product. So, you end up buying a lot of software from Oracle. With OneStream, it is a little different. It is a platform where you can do all those things, and you can do them with just one software purchase and then you just pay for users on it.""It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership."

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Cons
"Extracting data is a little slow.""It is a bit expensive, but it does the job.""It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality.""It's wonky, and not super user-friendly with Excel.""The tool should include features for prediction. It can also improve the scalability.""It would have been better if the solution was not just a tool kit.""Adding predefined templates could be beneficial.""The local authentication part is difficult to manage in the product, making it an area where improvements are required."

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"AI is where I see the most innovation and progress, but it's not fully developed yet.""We should be able to download the data in the same format we upload it.""Currently, they only support one browser, and it would be good if you could use it on Chrome, Firefox, etc. It is a little frustrating that you can only use a certain Microsoft browser. They're pretty tightly aligned with Microsoft. So, I can see the reasons for it."

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Pricing and Cost Advice
  • "Our licensing cost is approximately $50,000.00 per year."
  • "The license of this solution is paid annually. Most of my customers choose a license that includes support."
  • "It is a bit expensive, but you get what you are paying for."
  • "IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
  • "I would rate the tool's pricing a nine out of ten since it's expensive."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
  • "Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
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  • "They price it by the user. Before discounting, it is 2,500 or something like that."
  • "The licensing is expensive."
  • "The product has a license by the user. They're on par with other competitors."
  • More OneStream XF Pricing and Cost Advice →

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    Questions from the Community
    Top Answer: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… more »
    Top Answer:The local authentication part is difficult to manage in the product, making it an area where improvements are required.
    Top Answer:I advise you to try OneStream. This is a very good platform focused on reporting, consolidation and budgeting & forecasting.
    Top Answer:It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership.
    Top Answer:The product has a license by the user. They're on par with other competitors. One thing to consider is their relationship with Microsoft. They often push customers towards Azure, and Azure can get… more »
    Ranking
    Views
    2,241
    Comparisons
    1,327
    Reviews
    5
    Average Words per Review
    325
    Rating
    9.2
    Views
    1,416
    Comparisons
    854
    Reviews
    3
    Average Words per Review
    797
    Rating
    10.0
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Learn More
    Overview

    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    Financial Close, Consolidation and Reporting
    Automate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.

    Sample Customers
    ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
    Fruit of the loom, Melrose, AAA, Valeo Foods
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm11%
    Computer Software Company7%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Educational Organization17%
    Financial Services Firm11%
    Manufacturing Company11%
    Computer Software Company9%
    Company Size
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise24%
    Large Enterprise58%
    Buyer's Guide
    IBM Planning Analytics vs. OneStream XF
    May 2024
    Find out what your peers are saying about IBM Planning Analytics vs. OneStream XF and other solutions. Updated: May 2024.
    770,141 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 5th in Business Performance Management with 22 reviews while OneStream XF is ranked 8th in Business Performance Management with 3 reviews. IBM Planning Analytics is rated 8.6, while OneStream XF is rated 10.0. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". On the other hand, the top reviewer of OneStream XF writes "Easy-to-setup product with efficient data integration". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and Board, whereas OneStream XF is most compared with Oracle HFM, Oracle Hyperion, Anaplan, BlackLine and CCH Tagetik. See our IBM Planning Analytics vs. OneStream XF report.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.