Adaptive Insights vs IBM Planning Analytics comparison

Workday and IBM are both solutions in the Business Performance Management category. Workday is ranked #8 with an average rating of 8.2, while IBM is ranked #4 with an average rating of 9.2. Workday holds a 4.0% mindshare in BPM, compared to IBM’s 9.5% mindshare. Additionally, 100% of Workday users are willing to recommend the solution, compared to 94% of IBM users who would recommend it.

Adaptive Insights

Read 18 Adaptive Insights reviews

635 Views
445 Comparison Views

100% willing to recommend

IBM Planning Analytics

Read 23 IBM Planning Analytics reviews

1,947 Views
1,251 Comparison Views

94% willing to recommend

Adaptive Insights

IBM Planning Analytics

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Executive SummaryUpdated on Dec 19, 2024

Adaptive Insights and IBM Planning Analytics are both prominent players in the financial planning and analysis market. Adaptive Insights often takes the lead for its user-friendly experience, whereas IBM Planning Analytics gains an edge with its comprehensive integration and analytical capabilities.

Features: Adaptive Insights is noted for features such as its intuitive dashboard, cloud-based accessibility, and its robust reporting tools that allow scalability. In comparison, IBM Planning Analytics stands out with its powerful integration attributes, real-time calculations, and data modeling flexibility, making it suitable for complex scenarios.

Room for Improvement: Adaptive Insights could benefit from enhanced integration capabilities with more diverse data sources, improved customization features for advanced users, and a more comprehensive support for large enterprise needs. IBM Planning Analytics may improve by offering an even more streamlined user interface, reducing deployment complexity, and enhancing forecasting features for broader use cases.

Ease of Deployment and Customer Service: Adaptive Insights is appreciated for its easy deployment process and seamless cloud integration, ideal for organizations in need of quick setup. IBM Planning Analytics, although more intricate to deploy initially, ensures a strong support system and remains robust in enterprise environments, benefiting companies that require extensive assistance.

Pricing and ROI: Adaptive Insights offers a cost-effective solution with faster ROI, catering well to mid-sized companies. Its competitive pricing is attractive for businesses seeking quick value realization. IBM Planning Analytics, with its higher investment requirements, delivers significant long-term benefits proportional to its expansive capabilities, especially appealing to larger enterprises focused on comprehensive planning and in-depth data analysis.

To learn more, read our detailed Adaptive Insights vs. IBM Planning Analytics Report (Updated: January 2025).

Buyer's Guide

Adaptive Insights vs. IBM Planning Analytics

January 2025

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

Adaptive Insights

Ranking in Business Performance Management

8th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (3rd), Reporting (12th), Data Visualization (11th), ESG Reporting Software (5th)

IBM Planning Analytics

Ranking in Business Performance Management

4th

Average Rating

8.6

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of January 2025, in the Business Performance Management category, the mindshare of Adaptive Insights is 4.0%, up from 2.9% compared to the previous year. The mindshare of IBM Planning Analytics is 9.5%, up from 8.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Andrew Rosenberg

Adaptive Planning Manager at Alight

Adaptive scales well, simple to create new budget versions and models

For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.

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Gnanavel-Chakkarapani

Junior Consultant at CMA CGM

Can easily create dashboards and helps businesses improve forecasting accuracy

The product has improved our company's forecasting accuracy since it serves as a very useful tool for our sales and controller teams as they easily get to enter the inputs using views in TM1, which gets loaded into our main database. If there are sales team members in different parts of the world, like in Hong Kong and Singapore, they may prefer to use IBM Planning Analytics, which is easy to use when compared to the Excel tool. Speaking about planning analytics and data analysis, I would say that our company used to use IBM Cognos Analytics for reporting, where we used to use Cognos Dynamic Cubes so that users can easily use its drag and drop features while getting to see the data for which the users had to wait for two to three minutes prior to its use. In our company, tons of data are loaded into the memory, and users can use Cognos Dynamic Cubes to analyze data and understand it. The AI capabilities of IBM have benefited our planning strategy as they are very useful for business. The tool allows the easy creation of dashboard reports using AI capabilities. No technical knowledge is required for business use cases. It is possible to integrate the product in scenarios where some new integrations are available. I remember that my company used Azure Data Factory to connect Azure, Oracle, and IBM WebSphere Application Server. When it comes to IBM Planning Analytics, it is complex to integrate it with LDAP and or any other authentication tool offered by Microsoft. In our company, some users like to integrate IBM Planning Analytics with the common LDAP or Microsoft AD, which we currently use for all our applications. The authentication part is difficult to configure with IBM Planning Analytics. The maintenance of the product is easy. My company has scheduled maintenance on the product every week, especially during forecast times, so that memories automatically lapse and users can freely access their servers. The use of the tool has had an impact on collaboration within our company's planning team since everyone knows how to easily access the data and publish the results. I recommend the product to those who plan to use it. I rate the tool a nine out of ten.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"Automated reporting."

"It's very stable."

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."

"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

"It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday."

"The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily."

"Forecasting changes that instantly flow through all financial statements."

More Adaptive Insights pros

"A lot of the platform is in-memory, so Planning Analytics can run calculations quite fast. It also offers several user interfaces. And in the newest version of Planning Analytics, there is a new one called the Planning Analytics Workspace. Maybe it could be useful for the business side."

"It's a very stable, robust product."

"All the different platforms are well integrated."

"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."

"Navigating through the data to make analysis is really quick."

"Planning Analytics' best features include automatic updates and slicing."

"The most valuable feature is that it is able to slice and dice the data."

"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."

More IBM Planning Analytics pros

Cons

"The upload feature exists, but isn't terribly useful."

"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."

"Being able to drill down when using OfficeConnect needs work."

"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."

"The product's configuration process could be faster."

"Users continue to become more advanced and are looking for more advanced solutions."

"Discovery (the data visualization module): Needs to catch up with BI leaders, such as MS and Tableau. E.g., sorting by amounts in column charts and page slicers to control all visuals."

"Adaptive Insights could improve the data designer interface to make integrations easier to set up."

More Adaptive Insights cons

"It's wonky, and not super user-friendly with Excel."

"The dashboard is very poor and needs a lot of improvement."

"Extracting data is a little slow."

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

"Adding predefined templates could be beneficial."

"It is a bit expensive, but it does the job."

"Planning Analytics could be improved by adding automation features."

"The workspace API should be improved and documented so we know better which objects are used."

More IBM Planning Analytics cons

Pricing and Cost Advice

"It's affordable."

"Adaptive Insights' pricing is reasonable."

"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."

"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."

"Everything is negotiable, but this solution is low cost compared to others."

"Ensure that you have the proper pricing plan in place."

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"The license of this solution is paid annually. Most of my customers choose a license that includes support."

"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."

"It is a bit expensive, but you get what you are paying for."

"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."

"Our licensing cost is approximately $50,000.00 per year."

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Top Industries

By visitors reading reviews

Computer Software Company

15%

Financial Services Firm

10%

Real Estate/Law Firm

Legal Firm

Educational Organization

49%

Financial Services Firm

Computer Software Company

Manufacturing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Adaptive Insights?

It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.

See all answers

What is your experience regarding pricing and costs for Adaptive Insights?

12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...

See all answers

What needs improvement with Adaptive Insights?

The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...

See all answers

What do you like most about IBM Planning Analytics?

The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.

See all answers

What is your experience regarding pricing and costs for IBM Planning Analytics?

The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.

See all answers

What needs improvement with IBM Planning Analytics?

The workspace API should be improved and documented so we know better which objects and tier-one objects are used.

See all answers

Comparisons

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Compared 24% of the time

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Compared 22% of the time

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Compared 10% of the time

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Compared 8% of the time

OneStream XF vs IBM Planning Analytics

Compared 2% of the time

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Product Reports

Buyer's Guide

Adaptive Insights

January 2025

Download Adaptive Insights product report

Buyer's Guide

IBM Planning Analytics

January 2025

Download IBM Planning Analytics product report

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

Cognos TM1, IBM Cognos TM1

Overview

Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes.

With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

Workday

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

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday

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

Buyer's Guide

Adaptive Insights vs. IBM Planning Analytics

January 2025

Free Report: Adaptive Insights vs. IBM Planning Analytics

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