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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
7.6
IBM Planning Analytics improves budgeting efficiency and decision-making, reducing costs and manual entry while enhancing employee motivation.
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
6.4
IBM Planning Analytics' support is generally satisfactory, with timely resolutions; improvement needed in speed, responsiveness, and root issue resolution.
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.
Responsable B.I at a retailer with 51-200 employees
Instead, we rely on third-party partners recognized by IBM, who provide cost-effective support.
Financial Performance Manager at a retailer with 1,001-5,000 employees
They have been very dedicated and provided top-notch solutions.
Senior Software Engineer at J.P Morgan
 

Scalability Issues

Sentiment score
7.7
IBM Planning Analytics offers scalability and real-time processing, favored by large enterprises for its adaptability and efficient growth accommodation.
Sentiment score
7.6
Prophix generally delivers effective scalability and performance, though some users face issues with high concurrency and configuration complexity.
Scalability is quite hard to implement in TM1, largely since the on-premise installation chosen back in 2014.
Responsable B.I at a retailer with 51-200 employees
Scalability is straightforward but it is pricey since it's a SaaS model priced per user.
Financial Performance Manager at a retailer with 1,001-5,000 employees
 

Stability Issues

Sentiment score
7.7
IBM Planning Analytics is praised for its stability, robustness, and reliability in handling large data volumes across various sectors.
Sentiment score
7.0
Prophix is stable but faces occasional Microsoft cube dependency errors, user load impact, and challenges with reporting functionalities.
IBM Planning Analytics is stable because the reason we switched from IBM Cognos is that IBM Planning Analytics capability allows us to connect to multiple tools, which we could not do before.
Senior Software Engineer at J.P Morgan
A stable platform prevents loss of time during this process.
Responsable B.I at a retailer with 51-200 employees
 

Room For Improvement

IBM Planning Analytics needs improvements in integration, automation, UI design, and data visualization to enhance user experience and performance.
Prophix mobile features, integration, user interface, and several functionalities need enhancement for improved user experience and efficiency.
The advanced features are somewhat complex to understand, and if the data set is very large, it takes a lot of time to process, which causes performance to become slower.
Senior Software Engineer at J.P Morgan
The abundance of features results in complexity, requiring strict guidelines for developers to ensure simplistic approaches are adhered to.
Responsable B.I at a retailer with 51-200 employees
IBM's visualization needs significant improvement.
Financial Performance Manager at a retailer with 1,001-5,000 employees
 

Setup Cost

IBM Planning Analytics has notable setup costs and licensing fees, offering valuable functionalities and flexible licensing options for ROI.
Prophix offers a cost-effective, efficient solution with low setup and ongoing expenses, appealing compared to Oracle Business Intelligence.
My experience with pricing, setup cost, and licensing for IBM Planning Analytics is that the pricing and licensing cost can be somewhat on the higher side, especially for small organizations.
Senior Software Engineer at J.P Morgan
While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly.
Financial Performance Manager at a retailer with 1,001-5,000 employees
Given the product's old architecture and interface, they need to make it more affordable.
Responsable B.I at a retailer with 51-200 employees
 

Valuable Features

IBM Planning Analytics excels in flexibility, real-time calculations, and integration, enhancing planning, budgeting, and forecasting with advanced features.
Prophix offers budgeting, reporting, data management, and security features with Excel integration and cloud readiness for performance management.
Some of the valuable features of IBM Planning Analytics are its intuitive and user-friendly interface, reporting output and scheduling, access control and security, and mobile capabilities.
Senior Software Engineer at J.P Morgan
Its stability helps controllers win time in their planning processes.
Responsable B.I at a retailer with 51-200 employees
It also integrates machine learning and AI engines, enabling us to use algorithms for inventory forecasting which optimizes our inventory and replenishment rates.
Financial Performance Manager at a retailer with 1,001-5,000 employees
 

Categories and Ranking

IBM Planning Analytics
Ranking in Business Performance Management
6th
Average Rating
8.4
Reviews Sentiment
7.0
Number of Reviews
26
Ranking in other categories
No ranking in other categories
Prophix
Ranking in Business Performance Management
20th
Average Rating
8.2
Reviews Sentiment
6.9
Number of Reviews
10
Ranking in other categories
Financial Performance and Strategy Management (6th), Financial Close Software (18th)
 

Mindshare comparison

As of January 2026, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 4.9%, down from 9.2% compared to the previous year. The mindshare of Prophix is 2.2%, up from 0.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management Market Share Distribution
ProductMarket Share (%)
IBM Planning Analytics4.9%
Prophix2.2%
Other92.9%
Business Performance Management
 

Featured Reviews

reviewer1517922 - PeerSpot reviewer
Responsable B.I at a retailer with 51-200 employees
Ensured functionality meets user needs, yet complexity remains a challenge
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. If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks. The abundance of features results in complexity, requiring strict guidelines for developers to ensure simplistic approaches are adhered to. This complexity makes it hard to maintain and evolve developments.
it_user287946 - PeerSpot reviewer
Managing Director at a tech services company
Easy to use and cloud-ready, helps me manage my business
Increased margin on products Easy to use Rich functionality Complete corporate performance management solution Based on modern technology Cloud-ready All of them allow me to manage my business. BI analytics Few related Ad Hoc Analyses in one window Sorting and filtering in Data View More…
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Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.
881,082 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Financial Services Firm
17%
Manufacturing Company
11%
Retailer
9%
Insurance Company
5%
Computer Software Company
30%
Construction Company
13%
Performing Arts
9%
Insurance Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business16
Midsize Enterprise4
Large Enterprise12
By reviewers
Company SizeCount
Small Business3
Midsize Enterprise3
Large Enterprise4
 

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?
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...
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...
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Comparisons

 

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: December 2025.
881,082 professionals have used our research since 2012.