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IBM Planning Analytics vs OneStream XF 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

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
OneStream XF
Ranking in Business Performance Management
9th
Average Rating
10.0
Reviews Sentiment
6.8
Number of Reviews
3
Ranking in other categories
Financial Close Software (6th)
 

Mindshare comparison

As of March 2025, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 9.0%, down from 9.1% compared to the previous year. The mindshare of OneStream XF is 4.2%, down from 5.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

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.
AndyJorgensen - PeerSpot reviewer
Combines consolidations, planning, and forecasting into a single platform, eliminating the need for multiple products and streamlining data management
There's always stuff on the drawing board, and there's an arms race going on in the AI space. It's too soon to pick a winner between OneStream and Oracle. OneStream's smaller, so maybe they're more nimble, but Oracle has more resources. AI is where I see the most innovation and progress, but it's not fully developed yet. The other thing is that there are probably little things in the UI and overall processes that could be made easier to use. But there's nothing so consequential that it ruins your experience. It's more about tweaking and streamlining certain processes within the system.

Quotes from Members

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

Pros

"The product's stability is good."
"Planning Analytics' best features include automatic updates and slicing."
"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"This level of stability is crucial for a product like Cognos TM1, as using an unstable platform would result in loss of time."
"The most valuable feature is that it is able to slice and dice the data."
"The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."
"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."
"All the different platforms are well integrated."
"We were with Oracle previously. With Oracle, you have to buy a different piece of software for every business process. If you want to do budgeting, that's a product. If you want to do consolidation, that's a product. If you want to do BI type of work, that's yet another product. So, you end up buying a lot of software from Oracle. With OneStream, it is a little different. It is a platform where you can do all those things, and you can do them with just one software purchase and then you just pay for users on it."
"It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership."
"The product's most valuable feature is extensibility."
 

Cons

"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."
"Planning Analytics could be improved by adding automation features."
"It's wonky, and not super user-friendly with Excel."
"The workspace API should be improved and documented so we know better which objects are used."
"The tool should include features for prediction. It can also improve the scalability."
"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."
"The dashboard is very poor and needs a lot of improvement."
"AI is where I see the most innovation and progress, but it's not fully developed yet."
"We should be able to download the data in the same format we upload it."
"Currently, they only support one browser, and it would be good if you could use it on Chrome, Firefox, etc. It is a little frustrating that you can only use a certain Microsoft browser. They're pretty tightly aligned with Microsoft. So, I can see the reasons for it."
 

Pricing and Cost Advice

"Compared with the other tools in the market, IBM Planning Analytics is a bit 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."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
"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."
"The product has a license by the user. They're on par with other competitors."
"They price it by the user. Before discounting, it is 2,500 or something like that."
"The licensing is expensive."
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Top Industries

By visitors reading reviews
Educational Organization
46%
Financial Services Firm
10%
Computer Software Company
7%
Manufacturing Company
6%
Educational Organization
17%
Computer Software Company
11%
Manufacturing Company
10%
Financial Services Firm
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

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. ...
Seeking lightweight open source BI software
I advise you to try OneStream. This is a very good platform focused on reporting, consolidation and budgeting & forecasting.
What do you like most about OneStream XF?
It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership.
What is your experience regarding pricing and costs for OneStream XF?
The product has a license by the user. They're on par with other competitors. One thing to consider is their relationship with Microsoft. They often push customers towards Azure, and Azure can get ...
 

Also Known As

Cognos TM1, IBM Cognos TM1
No data available
 

Overview

 

Sample 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
Fruit of the loom, Melrose, AAA, Valeo Foods
Find out what your peers are saying about IBM Planning Analytics vs. OneStream XF and other solutions. Updated: March 2025.
842,466 professionals have used our research since 2012.