IBM Planning Analytics Overview

IBM Planning Analytics is the #6 ranked solution in our list of top Business Performance Management tools. It is most often compared to Microsoft BI: IBM Planning Analytics vs Microsoft BI

What is IBM Planning Analytics?

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.

IBM Planning Analytics is also known as Cognos TM1, IBM Cognos TM1.

Buyer's Guide

Download the Business Performance Management Buyer's Guide including reviews and more. Updated: July 2021

IBM Planning Analytics 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

IBM Planning Analytics Video

Pricing Advice

What users are saying about IBM Planning Analytics pricing:
  • "Our licensing cost is approximately $50,000.00 per year."

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MA
Expert EPM (TM1 Cognos BI) at a tech services company with 201-500 employees
Real User
Top 20
Quick data analysis, reliable, AI improvement needed

Pros and Cons

  • "Navigating through the data to make analysis is really quick."
  • "It would have been better if the solution was not just a tool kit."

What other advice do I have?

Basic level users cannot develop the application. However, you might manage to develop it, but you make a big risk that you will develop not following best practice. The cube population might be voluminous, and the calculation could be too slow if you do not respect some best practices. I rate IBM Planning Analytics a seven out of ten.
EA
FP&A Manager at a leisure / travel company with 501-1,000 employees
Real User
A stable solution for budgeting, but it isn't user-friendly with Excel and needs to have inbuilt reporting

What is our primary use case?

The primary use case of this solution is our budgeting tool, and actuals reporting.

Pros and Cons

  • "The most valuable feature is that it is able to slice and dice the data."
  • "It's wonky, and not super user-friendly with Excel."

What other advice do I have?

My advice is that if you are going to be using IBM Planning Analytics, make sure that you get your data structure correct ahead of time. You will need to add a separate reporting tool. In the next release, I would like to see reporting joined in with the tool. I would rate this solution a four out of ten.
Find out what your peers are saying about IBM, Board International, Jedox and others in Business Performance Management. Updated: July 2021.
523,535 professionals have used our research since 2012.
Rachma Respatiayu
Accounting Services Finance Manager M&S at a hospitality company with 10,001+ employees
Real User
Top 10Leaderboard
Brings together data from different platforms and it's all very well integrated

What is our primary use case?

I'm an accountant services finance manager and we are customers of IBM.

What is most valuable?

I like that the solution brings together a lot of data from different platforms and it's all integrated.

What needs improvement?

I'd like to see an increase in speed on extracting the data. That would be an improvement. 

What do I think about the stability of the solution?

It's a very stable solution. 

What do I think about the scalability of the solution?

This is a scalable solution. 

What's my experience with pricing, setup cost, and licensing?

I think the price is okay, of course it's always good to have a discount. 

What other advice do I have?

I would rate this solution an eight out of 10.