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IBM Planning Analytics vs XLCubed comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IBM Planning Analytics
Average Rating
8.6
Number of Reviews
23
Ranking in other categories
Business Performance Management (4th)
XLCubed
Average Rating
7.6
Number of Reviews
2
Ranking in other categories
Reporting (27th)
 

Mindshare comparison

While both are Business Intelligence solutions, they serve different purposes. IBM Planning Analytics is designed for Business Performance Management and holds a mindshare of 9.6%, up 8.3% compared to last year.
XLCubed, on the other hand, focuses on Reporting, holds 0.2% mindshare, down 0.4% since last year.
Business Performance Management
Reporting
 

Featured Reviews

Gnanavel-Chakkarapani - PeerSpot reviewer
Mar 22, 2024
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.
it_user1391316 - PeerSpot reviewer
Aug 4, 2020
Cost effective with great capability, performance, flexibility and visuals
In general, we're happy with the solution but we're always looking to see what else is out there. The thing we've struggled with is our partnership with Tagetik UK, the consultants, and the issue we had gaining access to consultants to develop the solution on our behalf. Thankfully we connected directly with XLCubed and now have a pretty close and good relationship with them so the earlier problem we had of actually getting resources to help us develop has now been solved. One of the things that we've been asking for and would like as an additional feature is a sort of benchmarking functionality. The ability to be able to benchmark, directly against the company digital corporate numbers. That said, there seems to be improved functionality within the latest release that could help us develop that further.

Quotes from Members

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

Pros

"The tool is flexible."
"Planning Analytics' best features include automatic updates and slicing."
"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."
"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."
"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"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 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"
"I am looking forward to testing their full graphics that are available, as they looked very interesting in the demo."
"Great capability, performance, flexibility, visuals, and the solution is also very cost effective."
 

Cons

"It is a bit expensive, but it does the job."
"The workspace API should be improved and documented so we know better which objects are used."
"The tool's transport layer could be improved when promoting development between environments."
"Planning Analytics could be improved by adding automation features."
"Extracting data is a little slow."
"Adding predefined templates could be beneficial."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
"The tool should include features for prediction. It can also improve the scalability."
"There should be a better or an easier way to establish that connection to external sources."
"Would like the ability to be able to benchmark."
 

Pricing and Cost Advice

"It is a bit expensive, but you get what you are paying for."
"IBM Planning Analytics is priced well, and licensing costs are yearly."
"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."
"Our licensing cost is approximately $50,000.00 per year."
"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
"14,000 Pounds per year for licensing."
"I am still using the two-week trial, but at first sight, the price is reasonable."
report
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Top Industries

By visitors reading reviews
Educational Organization
46%
Financial Services Firm
10%
Computer Software Company
7%
Manufacturing Company
6%
Financial Services Firm
16%
Computer Software Company
15%
Manufacturing Company
11%
Energy/Utilities Company
7%
 

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

Cognos TM1, IBM Cognos TM1
No data available
 

Learn More

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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
Marshalls Ltd, BP Exploration and Production, Thorntons, Ted Baker, Bristol-Myers, Rank Group, ING Bank Genve, Cargill Value Investment, Chloride Power, Auchan, Erste, UEFA, Novartis, Porsche Informatik, Raiffeisen Bank International
Find out what your peers are saying about Anaplan, Oracle, IBM and others in Business Performance Management. Updated: October 2024.
814,649 professionals have used our research since 2012.