IBM Planning Analytics Reviews

I make sure that developments inside are matching our end user needs. I check monitoring and assist newcomers in developments. TM1 is not used as a reporting database. We elaborate the budget inside, extract data, and make it available through different tools. 

We use it for planning all the costs and budgets for production parts in our company. TM1 is mainly used by the financial controlling department, and they use Excel directly connected to TM1 to make their dashboards.

TM1 is primarily used for planning functions. We use it to manage and plan costs and budgets for production parts within the manufacturing department. TM1 is used for calculating and elaborating our budget, which is time-consuming. Its stability helps controllers win time in their planning processes. This level of stability is crucial for a product like Cognos TM1, as using an unstable platform would result in loss of time.

I use the solution in my company for our company's budgeting process; IBM Planning Analytics is used every year to manage different scenarios based on the needs of the users. The finance managers in our company use the product to change 90 percent of the budget processes and cash flows, along with some forecasting purposes.

The local authentication part is difficult to manage in the product, making it an area where improvements are required.

The main customers and use cases for Planning Analytics are large companies in the Czech Republic and Slovakia, typically with more than 2,000 employees.

The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized, similar to Microsoft Excel but with the advantage of centralized data storage. Another essential feature is sandboxing, allowing extensive analysis and testing without affecting core data. Additionally, the workflow functionality enables locking and approval processes for calculations and formulas, providing enhanced management control and collaboration compared to Microsoft Azure.

This product is entirely designable and flexible, you can answer to very complex requirements.

Cognos TM1 is particularly adapted to Budget planning. You can input data and comments easily. Real time calculation, TM1 calculate reports in real time, each time you refresh it. Ownership: one of the goal of this product is that end users like CFO's can make modifications (model, business rules, etc.) without the help of the IT.

As a consultant I implemented this product in many organizations, mainly in finance departments. Their reporting and budgeting processes were improved at several levels: Time saving to produce the reports, budget/forecast cycle shortened from quarters to months, access and security of data and more. Many improvements can be gained from this process automation.

I mostly use it for planning, reporting, and forecasting systems.

The customers make use of it to improve their budgeting and forecasting activities. They can make it more rapid and can forecast more frequently.

The scenario modeling capabilities in IBM Planning Analytics have impacted the customer's planning processes. It's frequently used to create different scenarios, compare them, and see which action leads to which result.

It provides all the required functionalities for Financial Performance Management, such as planning, budgeting, forecasting, consolidation and dimensional reporting and analysis.

TM1 is actually a modeling tool that allows us create our own customized budgeting, planning and reporting solutions.

We have been using this software to implement solutions in many different areas of business.

For example, in budget applications, it helps a lot in running the budgeting process properly. All budget inputs, calculations, submissions, reporting and analysis during the budgeting process are handled with TM1 properly.

I tried to implement IBM Planning Analytics on the cloud together with the services of IBM, and it didn't work well. We are using the solution predominantly on-premise.

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.

We use the solution for testing and budgeting. 

The tool is flexible.