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IBM Planning Analytics vs Prophix 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:
 

ROI

Sentiment score
6.8
IBM Planning Analytics boosts budgeting productivity but faces challenges from rising costs, prompting some companies to explore alternatives.
Sentiment score
6.8
Prophix enhances efficiency and cost savings, offering medium to high returns with low maintenance costs, saving $80K annually.
 

Customer Service

Sentiment score
6.0
IBM Planning Analytics support is positive, yet response times vary; documentation, training, and multi-level support are valued.
Sentiment score
7.7
Prophix customer service is praised for promptness and helpfulness, though some users face challenges like time zones and initial support.
We have a multi-level support system, with the initial level handled by the company we bought the license from and subsequent support from IBM.
Instead, we rely on third-party partners recognized by IBM, who provide cost-effective support.
 

Scalability Issues

Sentiment score
7.5
IBM Planning Analytics excels in scalability and real-time data, though complexity and pricing pose challenges for some users.
Sentiment score
7.6
Prophix generally delivers effective scalability and performance, though some users face issues with high concurrency and configuration complexity.
Scalability is straightforward but it is pricey since it's a SaaS model priced per user.
Scalability is quite hard to implement in TM1, largely since the on-premise installation chosen back in 2014.
 

Stability Issues

Sentiment score
7.7
IBM Planning Analytics is stable and reliable, praised for robustness, supporting budgeting in various industries with few issues.
Sentiment score
7.0
Prophix is stable but faces occasional Microsoft cube dependency errors, user load impact, and challenges with reporting functionalities.
This stability is really important as we use it for budget calculation, which is time-consuming.
 

Room For Improvement

IBM Planning Analytics needs improved integration, pricing, visualization, user interface, functionality, automation, design, speed, and predictive analytics support.
Prophix mobile features, integration, user interface, and several functionalities need enhancement for improved user experience and efficiency.
IBM's visualization needs significant improvement.
The abundance of features results in complexity, requiring strict guidelines for developers to ensure simplistic approaches are adhered to.
 

Setup Cost

Enterprise IBM Planning Analytics has setup costs from consulting fees and varied licensing, offering market-standard ROI and compatibility.
Prophix offers a cost-effective, efficient solution with low setup and ongoing expenses, appealing compared to Oracle Business Intelligence.
Given the product's old architecture and interface, they need to make it more affordable.
While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly.
 

Valuable Features

IBM Planning Analytics enhances planning with flexible design, Excel integration, sandbox testing, machine learning, and user-friendly interface.
Prophix offers budgeting, reporting, data management, and security features with Excel integration and cloud readiness for performance management.
It also integrates machine learning and AI engines, enabling us to use algorithms for inventory forecasting which optimizes our inventory and replenishment rates.
Its stability helps controllers win time in their planning processes.
 

Categories and Ranking

IBM Planning Analytics
Ranking in Business Performance Management
3rd
Average Rating
8.4
Reviews Sentiment
6.8
Number of Reviews
25
Ranking in other categories
No ranking in other categories
Prophix
Ranking in Business Performance Management
19th
Average Rating
8.2
Reviews Sentiment
6.9
Number of Reviews
10
Ranking in other categories
Financial Performance and Strategy Management (7th), Financial Close Software (20th)
 

Mindshare comparison

As of May 2025, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 8.6%, down from 9.4% compared to the previous year. The mindshare of Prophix is 1.0%, up from 1.0% 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.
it_user205587 - PeerSpot reviewer
​Areas where you load your CapEx still need a lot of improvements however, it is easy to build a report.
* The products are linked to operational software (SAP) through an ODBC connection, so uploading the data is just on the click of a button * Creating a forecast or budget model is very simple * The turn around time and accuracy has improved dramatically * Analysis became much easier
report
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Top Industries

By visitors reading reviews
Educational Organization
40%
Financial Services Firm
11%
Manufacturing Company
7%
Computer Software Company
7%
Educational Organization
30%
Computer Software Company
28%
Construction Company
7%
Performing Arts
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. ...
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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
Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England
Find out what your peers are saying about IBM Planning Analytics vs. Prophix and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.