CCH Tagetik vs IBM Planning Analytics comparison

Wolters Kluwer and IBM are both solutions in the Business Performance Management category. Wolters Kluwer is ranked #11 with an average rating of 7.5, while IBM is ranked #3 with an average rating of 8.5. Wolters Kluwer holds a 7.7% mindshare in BPM, compared to IBM’s 8.1% mindshare. Additionally, 87% of Wolters Kluwer users are willing to recommend the solution, compared to 90% of IBM users who would recommend it.

CCH Tagetik

Read 7 CCH Tagetik reviews

1,056 Views
722 Comparison Views

87% willing to recommend

IBM Planning Analytics

Read 25 IBM Planning Analytics reviews

1,575 Views
1,036 Comparison Views

90% willing to recommend

CCH Tagetik

IBM Planning Analytics

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

IBM Planning Analytics and CCH Tagetik are financial planning and analysis solutions. IBM Planning Analytics holds the upper hand with its real-time analytics and quick deployment process, yet CCH Tagetik's integrated capabilities and customization options stand out for complex financial environments.

Features: IBM Planning Analytics features include scalable architecture, real-time analytics, and comprehensive planning tools ideal for various financial environments. It offers a unified database, seamless Excel integration, and an intuitive sandboxing feature. CCH Tagetik comes equipped with advanced data management, integration capabilities, and financial consolidation, enhancing its usability. It also provides a robust workflow feature and access to a single, scalable database.

Room for Improvement: IBM Planning Analytics could enhance reporting capabilities and user interface, focusing on customization options to meet specific user needs. The difficulty in managing large volumes of data and limited flexibility in complex modeling are areas for CCH Tagetik to improve. CCH Tagetik could further enhance its user experience by streamlining its workflow feature for better accessibility and clarity.

Ease of Deployment and Customer Service: IBM Planning Analytics is recognized for its quick deployment and responsive support, providing an efficient implementation process. CCH Tagetik offers an intricate deployment process but compensates with in-depth customization and personalized support, tailoring solutions to specific business needs.

Pricing and ROI: IBM Planning Analytics involves a higher initial setup cost but delivers a compelling ROI with its integration and automation capabilities. CCH Tagetik, with a larger upfront investment due to its extensive features, promises substantial long-term ROI by supporting strategic financial processes and complex reporting requirements.

To learn more, read our detailed CCH Tagetik vs. IBM Planning Analytics Report (Updated: June 2025).

Buyer's Guide

CCH Tagetik vs. IBM Planning Analytics

June 2025

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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

CCH Tagetik

Ranking in Business Performance Management

11th

Average Rating

7.8

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Financial Close Software (7th)

IBM Planning Analytics

Ranking in Business Performance Management

3rd

Average Rating

8.4

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of July 2025, in the Business Performance Management category, the mindshare of CCH Tagetik is 7.7%, up from 5.5% compared to the previous year. The mindshare of IBM Planning Analytics is 8.1%, down from 9.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Julia Lupidii

Senior EPM Consultant at Solution BI France

User-friendly performance management with intuitive approach

I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.

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Gnanavel-Chakkarapani

Junior Consultant at CMA CGM

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.

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Quotes from Members

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

Pros

"Has an APM, which deals with the details of data and has calculation functions included."

"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."

"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage."

"The most valuable feature of CCH Tagetik is form creation."

"The ability for integration and automatic loading from the Oracle system into CCH Tagetik is very valuable."

"All the different platforms are well integrated."

"It's a very stable, robust product."

"The tool is flexible."

"The most valuable feature is that it is able to slice and dice the data."

"Navigating through the data to make analysis is really quick."

"IBM Planning Analytics can help us build scenarios through a sandbox environment, allowing us to test multiple variables and assess their impact on our budget and planning."

"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 most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."

More IBM Planning Analytics pros

Cons

"There is room for improvement, especially on the settings side of the solution."

"The tool's major drawback is the ETL process, which is not up to par with other solutions."

"There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel."

"We faced difficulties while uploading data."

"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."

"The dashboard is very poor and needs a lot of improvement."

"Scalability is quite hard to implement in TM1, largely since the on-premise installation chosen back in 2014. On a scale, I'd rate scalability at four, out of ten. It's difficult."

"Extracting data is a little slow."

"IBM is behind competitors like Tableau and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties."

"The local authentication part is difficult to manage in the product, making it an area where improvements are required."

"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."

"It is a bit expensive, but it does the job."

"It's wonky, and not super user-friendly with Excel."

More IBM Planning Analytics cons

Pricing and Cost Advice

"The solution's pricing is affordable."

"The solution is quite expensive."

"The license of this solution is paid annually. Most of my customers choose a license that includes support."

"IBM Planning Analytics is priced well, and licensing costs are yearly."

"It is a bit expensive, but you get what you are paying for."

"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."

"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."

"I would rate the tool's pricing a nine out of ten since it's expensive."

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Top Industries

By visitors reading reviews

Manufacturing Company

12%

Financial Services Firm

10%

Computer Software Company

Retailer

Educational Organization

21%

Financial Services Firm

14%

Manufacturing Company

Computer Software Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about CCH Tagetik?

I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Reg...

See all answers

What is your experience regarding pricing and costs for CCH Tagetik?

I am not informed about pricing, but CCH Tagetik was chosen over HFM due to more comprehensive functionalities related to IFRS 17. For larger companies, pricing might be less important compared to ...

See all answers

What needs improvement with CCH Tagetik?

There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel. It would also be helpful if the syste...

See all answers

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.

See all answers

What is your experience regarding pricing and costs for IBM Planning Analytics?

While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly. Comparatively, IBM rates may be better than those of competitors, such as Hyperion ( /pro...

See all answers

What needs improvement with IBM Planning Analytics?

IBM is behind competitors like Tableau ( /products/tableau-reviews ) and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties. IBM's visualizatio...

See all answers

Comparisons

Oracle HFM vs CCH Tagetik

Compared 20% of the time

Anaplan vs CCH Tagetik

Compared 16% of the time

SAP Business Planning and Consolidation vs CCH Tagetik

Compared 9% of the time

Workiva Wdesk vs CCH Tagetik

Compared 8% of the time

Microsoft Power BI vs CCH Tagetik

Compared 3% of the time

More CCH Tagetik Competitors

Microsoft Power BI vs IBM Planning Analytics

Compared 24% of the time

SAP Analytics Cloud vs IBM Planning Analytics

Compared 18% of the time

Anaplan vs IBM Planning Analytics

Compared 10% of the time

IBM Cognos vs IBM Planning Analytics

Compared 8% of the time

Jedox vs IBM Planning Analytics

Compared 8% of the time

More IBM Planning Analytics Competitors

Product Reports

Buyer's Guide

Business Performance Management

June 2025

Download CCH Tagetik product report

Buyer's Guide

IBM Planning Analytics

June 2025

Download IBM Planning Analytics product report

Also Known As

Tagetik

Cognos TM1, IBM Cognos TM1

Overview

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

Wolters Kluwer

IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

IBM

Sample Customers

Daimler, Randstad, Rabobank, Metro Group

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

Buyer's Guide

CCH Tagetik vs. IBM Planning Analytics

June 2025

Free Report: CCH Tagetik vs. IBM Planning Analytics

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