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IBM Planning Analytics vs Oracle Planning and Budgeting Cloud 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
Oracle Planning and Budgeti...
Ranking in Business Performance Management
4th
Average Rating
8.4
Reviews Sentiment
6.7
Number of Reviews
21
Ranking in other categories
Financial Performance and Strategy Management (2nd)
 

Mindshare comparison

As of April 2025, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 8.7%, down from 9.2% compared to the previous year. The mindshare of Oracle Planning and Budgeting Cloud is 5.8%, down from 8.4% 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.
Prithwish Kumar Ghosh - PeerSpot reviewer
Budgeting scenarios and versions helps us migrate data, visualize data, and do variant reporting
The best thing about the tool is the budgeting scenarios and versions. It helps us migrate data, visualize data, and do variant reporting. There are approval processes that allow users to submit data, whether for budgeting or forecasting. When they submit, it goes up in the hierarchy for approval. If the data looks good to the manager, they can approve it. This is a very unique feature that we get. The approval process is a back-and-forth process; it doesn't get finalized in one go. Another feature is the business rules, where we can give users the flexibility to run calculations on demand. We can set runtime prompts for them, so they can run the calculation for whichever year or factors they want. They just need to know the value they want. Everything else can be set up by the admins. These are the flexibilities that we can give the user.

Quotes from Members

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

Pros

"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"It's a very stable, robust product."
"The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."
"All the different platforms are well integrated."
"The product's stability is good."
"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"
"This level of stability is crucial for a product like Cognos TM1, as using an unstable platform would result in loss of time."
"Its stability helps controllers win time in their planning processes."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
"The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud."
"I value Oracle's flexibility and customization levels."
"Beneficial analysis and easy to do management adjustments."
"The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides."
"The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting."
"It gives you an end-to-end solution from integrating data from the source system to reporting. So it's a highly recommended tool."
"One of the most valuable features of Oracle Planning and Budgeting Cloud is the ability to have budgeting, finance, and management running in a single tool."
 

Cons

"It is a bit expensive, but it does the job."
"The new frontend Planning Analytics Workspace is not very good, it could be improved. I like the Planning Analytics functionality but it would be helpful if it could be more customizable. You can create a prediction and receive information but you cannot do feature engineering regarding the predictive models. If this was added it would be helpful."
"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."
"The tool should include features for prediction. It can also improve the scalability."
"It's wonky, and not super user-friendly with Excel."
"Planning Analytics could be improved by adding automation features."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
"It would have been better if the solution was not just a tool kit."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
"The tool's interface is outdated. However, OneStream is easier to navigate."
"The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations."
"Oracle initially forced HFM users to migrate to FCCS, which was difficult because moving applications wasn't easy."
"Oracle Planning and Budgeting Cloud could improve by creating a more visual and user-friendly interface similar to the old ABC analytics."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"There are some issues with block creation in the memory. Sometimes, when we run a calculation and a new intersection is hit during the calculation, the memory block doesn't get created, which doesn't give the correct result."
 

Pricing and Cost Advice

"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
"I would rate the tool's pricing a nine out of ten since it's expensive."
"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."
"IBM Planning Analytics is priced well, and licensing costs are yearly."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
"It is a bit expensive, but you get what you are paying for."
"Our licensing cost is approximately $50,000.00 per year."
"The solution is free."
"There is an annual subscription for this solution and it is priced high."
"The price of Oracle Planning and Budgeting Cloud is expensive. However, it solves a lot of issues at the company. Having a better price could make us think about using more cloud products for Oracle and increase usage."
"It is expensive."
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Top Industries

By visitors reading reviews
Educational Organization
43%
Financial Services Firm
10%
Computer Software Company
7%
Manufacturing Company
6%
Financial Services Firm
14%
Computer Software Company
11%
Manufacturing Company
8%
Energy/Utilities Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

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. ...
What is your experience regarding pricing and costs for Oracle Planning and Budgeting Cloud?
While cloud pricing may initially appear more expensive due to the absence of infrastructure expenses, it is fair. There's no need for physical servers or infrastructure management. The licensing i...
What needs improvement with Oracle Planning and Budgeting Cloud?
Oracle Planning and Budgeting Cloud could improve by creating a more visual and user-friendly interface similar to the old ABC analytics. The ability to easily distribute costs visually, using clic...
What is your primary use case for Oracle Planning and Budgeting Cloud?
At Panama Canal, the entire budget was uploaded into the system, and every process, from a purchase requisition to the purchase order and invoice, had to go through the budgeting system before ente...
 

Also Known As

Cognos TM1, IBM Cognos TM1
Oracle PBCS, Oracle Enterprise Business Planning
 

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
Australian Finance Group Ltd., Daelim Industrial Co. Ltd., TBS Group, Delaware Life Insurance, Shelf Drilling Ltd., Abu Dhabi Department of Finance, Fugro Norway AS, Drake & Scull International PJSC (DSI), Racepoint Global, Edgewater Technology Inc., King Abdulaziz City for Science and Technology, Communications Test Design Inc.
Find out what your peers are saying about IBM Planning Analytics vs. Oracle Planning and Budgeting Cloud and other solutions. Updated: April 2025.
848,207 professionals have used our research since 2012.