IBM Planning Analytics Overview

IBM Planning Analytics is the #5 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: May 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

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KS
IT Analyst at a tech services company with 10,001+ employees
Real User
It provides data storage with write-back ability. Businesses who are familiar with Excel can use it.

What other advice do I have?

For forecast, budgeting and reporting financial data, TM1 is the best tool in the market. So, I would say that it would be wise to proceed with this tool in any organization for improvised end results.
TM1-Senior Consultant at a tech services company with 51-200 employees
Real User
Allows you to plan, analyze, and report data.

What other advice do I have?

It is the best solution you can have. However, you have to know what you need for sure and what you want to do with the tool. Every product is established for some special needs. It depends on what you need. You can choose the right tool accordingly.
Find out what your peers are saying about IBM, Board International, Jedox and others in Business Performance Management. Updated: May 2021.
509,641 professionals have used our research since 2012.
Managing Consultant/Director at a tech services company with 51-200 employees
Consultant
It is a modeling tool that allows us to create customized budgeting, planning and reporting solutions.

What other advice do I have?

I recommend making a proper requirement analysis and model design before start developing models with TM1. In your first implementation of TM1, it is very important to work with experienced TM1 developers. It is better to choose TM1 consultants with both technical and financial skills and knowledge.
Business Intelligence Consultant - IBM Cognos at a tech services company with 51-200 employees
Consultant
With in-memory processing, performance is a strength.

What other advice do I have?

Have employees participate in a lifecycle project, to learn and understand all the power the software can provide the company. In some cases, the clients are not focused during participation and at the end, they lose the opportunity to use all the functionalities the tool can provide.
BI Expert at a consultancy with 51-200 employees
Consultant
Saves time when creating reports but I'd like to see automation of feeders and more intuitive and interactive reporting

What other advice do I have?

Before implementing this kind of product you have to make sure that it matches with your needs. Its unnecessary to implement such a product to replace 2 or 3 reports on Excel. Then for implementation, look for experienced TM1 professionals, which have successfully implemented this tool several times and with almost the same needs.
Vice President & Business Head at a tech services company with 501-1,000 employees
Consultant
You can analyze data, and create models to reflect a constantly evolving business environment.

What other advice do I have?

I would strongly recommend to go with TM1 Enterprise in terms of stability, scalability and performance.
BI Expert at a real estate/law firm with 1,001-5,000 employees
Vendor
Integration- Cognos BI & TM1
I'm glad to see progress made on integrating TM1 and BI as it is sorely needed. TM1 is much more scalable than Enterprise Planning and our users love the fast refresh of reporting cubes from contributor cubes. However, they miss their BI reports. Replicating the functionality offered by the EP Framework Manager Extension is very difficult. We miss several features, most notably flattening of hierarchies and automatic generation of a base package from the model and not from individual cubes. We need a package so we can do links between cubes for validation reports. If TM1 is going to be "owned by Finance" as EP was, these features are crucial.
Principal Consultant at a tech consulting company with 51-200 employees
Consultant
Cognos BI/TM1: An Expected Integration
In recent years, IBM has worked towards the integration of two major components of its Information Management offering: Cognos BI and Cognos TM1. The pairing of the two IBM IM flagships is gradually becoming an appealing combination for the vendor on the BI front. In this article, I will describe some of the main integration points from a technological point of view, some of their advantages for the business and related considerations. Portal integration Historically, the first effort made towards the integration of the two products consisted of making TM1 components available in Cognos Connections. Today, we have a series of widget and servlets serving this purpose. A user can, for example, access TM1 Applications (formerly TM1 Contributor) from within Cognos Connection or browse a TM1…
Developer at a non-tech company with 51-200 employees
Vendor
Several new features in TM1 9.5
IBM Cognos TM1 (formerly Applix TM1) is enterprise planning software used to implement collaborative planning, budgeting and forecasting solutions, as well as analytical and reporting applications. Data in IBM Cognos TM1 is stored and represented as multidimensional OLAP cubes, with data being stored at the "leaf" level. Computations on the leaf data are performed in real-time (for example, to aggregate numbers up a dimensional hierarchy). IBM Cognos TM1 includes a data orchestration environment for accessing external data and systems, as well as capabilities designed for common business planning and budgeting requirements (e.g. workflow, top-down adjustments). Several new features were added to IBM Cognos TM1 9.5, the most visible being TM1 Contributor, which combines an OLAP engine…
Project Manager at a tech company with 51-200 employees
Vendor
Provides the users with flexible modeling environment that does not call for much of the programming or IT skills
Performance Management is an integral part of Business Intelligence Software and Analytics. As mentioned in the article on Performance Management. Planning, Budgeting, Forecasting and Analysis need a systematic approach. There are challenges experienced in each of these processes. When these activities are carried out in a traditional way, they take longer time delivering limited value. Technology is used to support the best practices and address the full life cycle planning processes – analytics, modeling, contributing and reporting on common IT platform. Streamlining the planning process demands technological tools capable of supporting a faster, more flexible and adaptive approach. IBM Cognos TM1 software is used exactly for this purpose. In addition to enabling collaborative…