Try our new research platform with insights from 80,000+ expert users

Anaplan vs IBM Planning Analytics comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

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

Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Reviews Sentiment
7.1
Number of Reviews
27
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
IBM Planning Analytics
Ranking in Business Performance Management
3rd
Average Rating
8.4
Reviews Sentiment
6.8
Number of Reviews
24
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of March 2025, in the Business Performance Management category, the mindshare of Anaplan is 13.4%, down from 16.0% compared to the previous year. The mindshare of IBM Planning Analytics is 9.0%, down from 9.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

Antonio Flor - PeerSpot reviewer
Real-time data integration enhances operational efficiency and flexibility
As a client developer and solutions architect, I use Anaplan for building modules and deploying logic end-to-end. I work closely with the business in an agile manner to ensure the model aligns with business needs Anaplan offers flexibility in building different options within the platform. The…
Gnanavel-Chakkarapani - PeerSpot reviewer
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.

Quotes from Members

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

Pros

"The solution works very well for budgeting."
"You don't need to have a programming language to use Anaplan."
"This product has a very good modeling feature, and its graphical representation of visualizations has also been valuable."
"Anaplan's in-memory calculation engine is super-fast compared to the old tools we previously used. You enter the data and everything shows up in one go."
"It's highly flexible. If you've got a complex environment with complex calculations, you can build that out. So that's a really good positive."
"Anaplan's scalability stands out compared to other platforms, especially for scenario planning and what-if analysis."
"The features that I have found most valuable are that it is web-based and easy to use."
"Where we're seeing the opportunity in the market is at the Fortune 100 companies that have far more complex modeling type scenarios where you need to be able to have a lot of people collaborating together, and you need a lot of information all at everyone's fingertips. This is where you see the big advantage of a solution like Anaplan."
"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 product's stability is good."
"Its stability helps controllers win time in their planning processes."
"The most valuable feature is that it is able to slice and dice the data."
"It's a very stable, robust product."
"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."
"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."
"All the different platforms are well integrated."
 

Cons

"The cloud engine slows down when working with a large dataset. It still lacks a powerful engine."
"The negative is that the higher the flexibility, the higher is the complexity. That can act against you as a negative because it does require a model builder or a coder/developer."
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us."
"One key area of improvement is pricing."
"There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost."
"There are workspace issues, like the limitation on model sizes."
"The visualization tools in the product are limited in comparison to other reporting tools."
"Anaplan should come up with flexible options to connect to a data warehouse rather than an Anaplan hub."
"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."
"If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks."
"The tool should include features for prediction. It can also improve the scalability."
"It is a bit expensive, but it does the job."
"It's wonky, and not super user-friendly with Excel."
"It would have been better if the solution was not just a tool kit."
"Adding predefined templates could be beneficial."
"The tool's transport layer could be improved when promoting development between environments."
 

Pricing and Cost Advice

"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"The price of the solution is expensive."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"The tool’s pricing is reasonable and competitive with other solutions."
"The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"This is an expensive product and if the price were reduced then it would attract more customers."
"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."
"Our licensing cost is approximately $50,000.00 per year."
"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."
"It is a bit expensive, but you get what you are paying for."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
report
Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.
841,302 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Educational Organization
31%
Computer Software Company
10%
Manufacturing Company
8%
Financial Services Firm
7%
Educational Organization
48%
Financial Services Firm
9%
Computer Software Company
6%
Manufacturing Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
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.
What is your experience regarding pricing and costs for IBM Planning Analytics?
TM1 is quite expensive, and I'd rate the pricing as an eight out of ten. While we do get what we want in terms of functionalities and compatibility with other IBM tools, given the product's old arc...
What needs improvement with IBM Planning Analytics?
Since I'm using TM1 as an old version of Planning Analytics, it wouldn't be fair to specify what needs improvement because it's possible these issues have already been addressed in newer versions. ...
 

Also Known As

No data available
Cognos TM1, IBM Cognos TM1
 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
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
Find out what your peers are saying about Anaplan vs. IBM Planning Analytics and other solutions. Updated: March 2025.
841,302 professionals have used our research since 2012.