IBM Planning Analytics vs Jedox comparison

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IBM Planning Analytics

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Executive SummaryUpdated on Dec 19, 2024

IBM Planning Analytics and Jedox are leading analytics platforms competing in the business planning sector. IBM Planning Analytics holds an advantage in data integration and scalability, whereas Jedox excels with user-friendly customization options.

Features: IBM Planning Analytics offers advanced forecasting and predictive analytics, a unified database for streamlined planning, and a sandboxing feature for in-depth analysis. Jedox provides flexible modeling, dynamic and intuitive report creation, and seamless cross-platform integration for comprehensive business planning.

Room for Improvement: IBM Planning Analytics could enhance user interface design and reduce complexity in its deployment processes. Improving mobile functionality can also be beneficial. Jedox could benefit from enhanced scalability options, improved support for large datasets, and a more refined interface for complex planning scenarios.

Ease of Deployment and Customer Service: IBM Planning Analytics offers robust support but has a complex deployment model that requires guidance. Jedox provides a smoother deployment experience with a strong service approach, ensuring faster implementation and easy adjustments.

Pricing and ROI: IBM Planning Analytics involves a higher setup cost but offers strong ROI for large enterprises with complex needs. Jedox presents a cost-effective setup appealing to businesses seeking quicker returns through agile planning and efficient resource allocation.

To learn more, read our detailed IBM Planning Analytics vs. Jedox Report (Updated: March 2025).

IBM Planning Analytics vs. Jedox

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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

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

Jedox

Ranking in Business Performance Management

5th

Average Rating

8.0

Reviews Sentiment

6.7

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of April 2025, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 8.7%, down from 9.2% compared to the previous year. The mindshare of Jedox is 5.4%, up from 4.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

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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Riyaz Halani

Financial Controller at Zalando SE

Powerful BI tool for analyzing financial performance and stable performance

I would rate the scalability of Jedox a seven out of ten. There is room for improvement in the scalability. It is a very massive tool. It's not easy to just build everything yourself. So that's where the main improvements lie—making it easy for people to not depend on just technical finance teams. There are almost 50 to 60 users using Jedox in our organization.

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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

"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."

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

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

"The product's stability is good."

"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."

"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."

"This level of stability is crucial for a product like Cognos TM1, as using an unstable platform would result in loss of time."

More IBM Planning Analytics pros

"We use the tool for performance management and planning."

"The ETL function simplifies many tasks."

"The solution is very versatile."

"The ETL itself was pretty useful and it's integrated in the tenant itself. So the Olap service technology was impressive to me. In order to extract that and load it in the tube in the same tenant or the same tool that was something magnificent because I actually missed this in SEB. SEB requires another tool, and you have to integrate all the tools together. But for Jedox, it was in the one tool."

"The ease of reporting is one of Jedox's most valuable features."

"The data entry point is most valuable. The way we can customize our report or do data entry is very good."

"The Excel interface is designed to retrieve data from the database and send it back, which is a significant advantage."

"The system is quite flexible. Based on our requirements, we create different cubes that can help us to do complete planning."

More Jedox pros

Cons

"The workspace API should be improved and documented so we know better which objects are used."

"If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks."

"Extracting data is a little slow."

"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."

"Adding predefined templates could be beneficial."

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

"The tool's transport layer could be improved when promoting development between environments."

"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."

More IBM Planning Analytics cons

"The tool has changed its pricing and it's now too expensive for small and medium organizations. I miss the open-source version which was free and we could do a lot of things with it."

"Being an analytical solution, it should have more visualization options like graphs. When we are putting it, it should have more options. The UI can be made more modernized based on today's market. Sometimes, when we are doing heavy reports or dashboarding, there is a bit of a performance issue because it is pulling up a huge amount of data. That can be improvised by buffer memory and getting some buffer memory feature into it. It is a bit complex because it is a CPM solution. It helps you to get the information based on the different tools that we are using, which is a bit of a complex thing. It is not as easy as Microsoft Power BI. It is also not that easy as an implementation piece. It takes time to convert the business requirement into the proper solutions in the tool, which is time-consuming. It took about eight months to do the complete implementation. We got some training from the partner and the Jedox team, which helped us later on in pulling things forward, but too much learning is required, and too many possibilities are there."

"I think it's the design of the report because the design and the UI for the report is standard and lame. When you see a Jedox report, it doesn't seem like it's from today, because the technology is something from the last decade. The scalability needs improvement."

"More emphasis is needed on the availability of the learning aspect of the solution. Because unless you take up their course that enables you to be an expert in creating the report, you must seek help."

"The solution should enable a modern look and feel in the front end."

"There is room for improvement in the scalability. It is a very massive tool. It's not easy to just build everything yourself."

"From a development perspective, there's room for improvement in the area called the designer, where you actually build your reports to make it easier to manage the process."

"There is not much training for Jedox."

More Jedox cons

Pricing and Cost Advice

"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."

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

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

"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."

"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."

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

"We paid a one-time fee, which included product purchase, licensing, and first-time implementation. We are paying for the maintenance regularly."

"Jedox was a bit cheaper compared to Calumo."

"The product’s pricing will not be suitable for setting up a small solution."

"Excellent value for money."

"The solution's pricing is specific to your requirements."

"If you are using SAP, then you will have to take an SAP Connector license. The license across the tool is paying for the people who are using it as an admin or as a normal user. They can work out those costs in a manner that can help. This can also be a point of improvement where they can work out the costing, and the developers have a specific licensing cost. The normal users, who are going to do probably data entry or just going to view the dashboard, can have a separate license cost."

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Top Industries

By visitors reading reviews

Educational Organization

46%

Financial Services Firm

10%

Computer Software Company

Manufacturing Company

Computer Software Company

18%

Retailer

13%

Financial Services Firm

Comms Service Provider

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. ...

What do you like most about Jedox?

The ease of reporting is one of Jedox's most valuable features.

What is your experience regarding pricing and costs for Jedox?

The solution's pricing is specific to your requirements.

What needs improvement with Jedox?

There is not much training for Jedox. There was no training available in the beginning at all. I had to reach out to them so they would give us something. I think they're getting better, though. Th...

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Comparisons

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Compared 9% of the time

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Compared 7% of the time

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Compared 6% of the time

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Compared 34% of the time

Tableau vs Jedox

Compared 10% of the time

Anaplan vs Jedox

Compared 7% of the time

Planful vs Jedox

Compared 5% of the time

Oracle Hyperion vs Jedox

Compared 5% of the time

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Product Reports

IBM Planning Analytics

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Download Jedox product report

Also Known As

Cognos TM1, IBM Cognos TM1

Jedox EPM

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.

IBM

Integrated Corporate Performance Management software provides reliable data, insights, and guidance to everyone in your company. Jedox delivers it all: Self-service budgeting, planning, and forecasting combined with intuitive analytics and BI dashboards in one integrated software platform. Users across the enterprise in any department from Finance to Sales, HR, and Procurement create integrated plans and reports based on the same data model and business logic. Integrate financial planning and analysis with operational plans and reporting to optimize processes, boost data quality, and slash planning cycles throughout the organization.

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

BP, Fiat, Carrefour, Continental, Allianz, Bacardi, McDonald’s, Netafim, Swiss Post, Telstra, Suzuki, Vodafone, University of Western Australia, Unilever

IBM Planning Analytics vs. Jedox