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IBM Planning Analytics
What do you like best about the product?
I have had the opportunity to use several analytics tools from IBM including Cognos and TM1.
What do you dislike about the product?
I found TM1 to be a niche product that can be difficult to find resources to support and train.
What problems is the product solving and how is that benefiting you?
We recently completed a POC looking at TM1 to be the foundation for a new financial reporting system for reserving.
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Great Planning Tool
What do you like best about the product?
General usability is very easy to pick up being based in Excel. The many different access points (PAX, PAW, Web, and Perspectives offer great variety and customization.
What do you dislike about the product?
Compared with older versions of TM1, the functionality is a bit buggy and performance is slower. Recent updates have been taking care of some of the problems, but there is still more work to be done.
What problems is the product solving and how is that benefiting you?
We use the tool to perform our internal financial planning/forecasting requirements. The tool has been critical in creating a single version of the truth that is able to pass an audit.
Recommendations to others considering the product:
If upgrading from TM1, make sure to do thorough testing of all functionality, specifically reports.
TM1 User Experience
What do you like best about the product?
Anaytical and dynamic aspects of data modeling.
What do you dislike about the product?
Glitches and inconsistency within version of software releases.
What problems is the product solving and how is that benefiting you?
Planning, Bugeting, Cost reduction/savings.
Recommendations to others considering the product:
Do your research and due diligence prior to implementing. There are a lot of performance differences between 10.2.2 vs PA. There are supporting functionalities that are also no longer supported, depending on if you are using it.
How to make solutions at a glance
What do you like best about the product?
The ease to create your own business rules via TI processes and rules. It's a white board that you can implement upon your needs.
What do you dislike about the product?
Installing the product is kind of a nightmare. The IBM Support team does not help much.
What problems is the product solving and how is that benefiting you?
Forecasting and Budgeting
Planning Analytics
What do you like best about the product?
Quick, real time, Agile implementation, ease of use
What do you dislike about the product?
Some of the old perspective features are not available in PAx,, the Paw administration and coding is also not up par with perspectives architect
What problems is the product solving and how is that benefiting you?
Planning and budgeting applications, sales applications, supply chain applications
IBM Planning Analytics, powered by IBM TM1
What do you like best about the product?
All types of planning, budgeting, forecasting can be done
What do you dislike about the product?
It could be a cloud based subscribed software
What problems is the product solving and how is that benefiting you?
Budgeting, Planning, Analytics
Recommendations to others considering the product:
Great product
Flexible and Fast
What do you like best about the product?
Tm1 is a blank canvas for planning and analysis. Developers can create models to meet the specific business needs.
What do you dislike about the product?
High developmental hurdle to start. Requiers additional IT support
What problems is the product solving and how is that benefiting you?
Distributed enterprise planning
User of reports
What do you like best about the product?
flexiblity and integration with excel. Reporting capabiliites
What do you dislike about the product?
no detailed mapping applications, sometimes not that easy for the end user to use
What problems is the product solving and how is that benefiting you?
process efficiencies
Cognos TM1 at Northrop Grumman
What do you like best about the product?
TM1 is a game changing planning tool for our organization with instant consolidations and the ability to explore detailed data never previously available in our organization. I would highly recommend this product for any organization looking to streamline their planning processes.
What do you dislike about the product?
The only issue is that it is not as easy to develop applications for a financial person without technical skills.
What problems is the product solving and how is that benefiting you?
We are finding new and improved ways to develop our indirect rates and annual operating plans.
Real Time Financial Performance Management Leading product
What do you like best about the product?
Planning Analytics has the horsepower, agility, and adaptability to incorporate complex business rules and provide detailed accurate reporting. The new capabilities such as PA Workspace are making it easier for Power users to model and design without having deep coding skills.
What do you dislike about the product?
The product has limitations when it comes to transferability between clients such as Perspectives, PAX to a web client like TM1Web or PA Workspace.
What problems is the product solving and how is that benefiting you?
Problem resolutions revolve around planning and budgeting to accomodate financial requirements in various industries. Benefits include real time reporting with customizability and depth.
Recommendations to others considering the product:
Best FPM Product for all planning and budgeting.
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