One-Stop Planning, Reporting, and Forecasting with IBM Planning Analytics

April 4, 2023

One-Stop Planning, Reporting, and Forecasting with IBM Planning Analytics

IBM Planning Analytics is a powerful software solution that enables organizations to streamline their planning, reporting, and forecasting processes. Whether you are looking to optimize your budgeting and forecasting cycles, improve your financial consolidation and reporting capabilities, or gain greater insight into your business performance, IBM Planning Analytics offers a comprehensive suite of tools and features to help you achieve your goals. With its advanced analytics capabilities, user-friendly interface, and robust collaboration tools, IBM Planning Analytics provides a one-stop solution for all your planning and reporting needs. In this blog, we will explore the key features and benefits of IBM Planning Analytics and how it can help your organization drive better business outcomes. Benefits of IBM Planning Analytics:

Fast performance, scalability, and flexibility:

Instantly provision an enterprise-planning solution with zero-downtime upgrades and industry-standard SLAs that can scale with your business as you increase data volume, number of users, or planning models, without impacting performance. Planning Analytics allows users to build and change plans based on business processes, illustrating a flexible and intuitive user experience that is built for you with the real-world context in mind.

Data visualization:

Uncover deep insights through robust dashboards. Create scorecards and metrics—including ad-hoc reports and compelling visualizations—to share financial metrics effectively and compare actual results to performance targets for improved financial reporting. Identify trends and drill down into data with built-in reporting and analysis capabilities.

Artificial Intelligence

Leverage the power of deep learning networks to help facilitate accurate and streamlined forecasts with truly data-driven results.  By taking advantage of Watson integration, you can discover otherwise unknown correlations and drivers to build a stronger business and drive results.

What-if scenario testing:

Fueled by AI, with Planning Analytics you can forecast outcomes based on evolving trends or predictive insights and perform in-depth, what-if scenario analysis to evaluate alternative assumptions. Create personal sandboxes to compare different scenarios. See the impact of your decisions before making them.

Constraint-based planning:

The challenges business face are ever-changing, and Planning Analytics helps you make the best decisions that take into account how to optimally implement your resources. Optimize scenarios with complex variables and constraints to create a decision model that can be parameterized and reused over time.

Predictive forecasting:

Improve the accuracy and speed of your forecasts. With built-in predictive capabilities, you can identify and assess trends and seasonality patterns in historic values and use the power of algorithmic forecasting—even without data science skills—for more accurate, consistent, and timely forecasts.

Workflow automation:

Easily manage and govern workflows to ensure a smooth and streamlined planning process. Create customized applications to manage, facilitate and increase participation and collaboration in your company’s budgeting, forecasting, and reporting processes.

If you think IBM Planning Analytics is a good fit for you and your organization, get in touch with Breakaway Technologies today to learn more.

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