IBM Planning Analytics vs XLCubed comparison

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Executive Summary

We performed a comparison between IBM Planning Analytics and XLCubed based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
765,386 professionals have used our research since 2012.
Featured Review
Dirk Boeckmann
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.""The flexibility of IBM Planning Analytics is a great feature of this solution. The design flexibility with data rules and defining calculations The ability to combine online and offline calculations are a benefit. Additionally, the forecasting features and predictive analytics is very good.""All the different platforms are well integrated.""Navigating through the data to make analysis is really quick.""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.""The most valuable feature is that it is able to slice and dice the data.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""Planning Analytics' best features include automatic updates and slicing."

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"Great capability, performance, flexibility, visuals, and the solution is also very cost effective.""I am looking forward to testing their full graphics that are available, as they looked very interesting in the demo."

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Cons
"It is a bit expensive, but it does the job.""Planning Analytics could be improved by adding automation features.""The dashboard is very poor and needs a lot of improvement.""It would have been better if the solution was not just a tool kit.""The tool should include features for prediction. It can also improve the scalability.""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's wonky, and not super user-friendly with Excel.""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."

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"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."

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Pricing and Cost Advice
  • "Our licensing cost is approximately $50,000.00 per year."
  • "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."
  • "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."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
  • More IBM Planning Analytics Pricing and Cost Advice →

  • "14,000 Pounds per year for licensing."
  • "I am still using the two-week trial, but at first sight, the price is reasonable."
  • More XLCubed Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.
    Top Answer:IBM Planning Analytics is priced well, and licensing costs are yearly.
    Top Answer:The tool's transport layer could be improved when promoting development between environments.
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    2,233
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    1,318
    Reviews
    4
    Average Words per Review
    226
    Rating
    9.3
    26th
    out of 50 in Reporting
    Views
    488
    Comparisons
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    Also Known As
    Cognos TM1, IBM Cognos TM1
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    Fluence Technologies
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    Overview

    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.

    Produce insightful, interactive reports on, company-wide metrics for any business audience. Now all in Excel.
    Pixel-perfect financial reporting with the skill sets you already have. No IT required.
    Meet XLCubed: The data-connected Excel add-in for all your reporting needs.

    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
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm10%
    Computer Software Company7%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Computer Software Company14%
    Comms Service Provider6%
    Energy/Utilities Company5%
    Company Size
    REVIEWERS
    Small Business57%
    Midsize Enterprise17%
    Large Enterprise26%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise46%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise14%
    Large Enterprise64%
    Buyer's Guide
    Business Performance Management
    March 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: March 2024.
    765,386 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 20 reviews while XLCubed is ranked 26th in Reporting. IBM Planning Analytics is rated 8.4, while XLCubed is rated 7.6. The top reviewer of IBM Planning Analytics writes "Beneficial predictive analytics, flexibility, and useful forecasting". On the other hand, the top reviewer of XLCubed writes "Cost effective with great capability, performance, flexibility and visuals". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, IBM Cognos and Jedox, whereas XLCubed is most compared with Microsoft Power BI and Tableau.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.