ExpenseWire vs IBM Planning Analytics

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Our analysts compared ExpenseWire vs IBM Planning Analytics based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

ExpenseWire Software Tool
IBM Planning Analytics Software Tool

Product Basics

Expensewire is a SaaS expense management software that helps businesses of any scale and size. It manages, simplifies and organizes expenses while ensuring compliance and expediting reimbursements. The module eliminates excessive spending and helps users take control of the organization’s reporting submissions, approvals, and more. Take advantage of on-the-go access to submit, review and manage expenses with its mobile capabilities.
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IBM Planning Analytics is a multidimensional in-memory database for analytics and planning. Part of the IBM Analytics Suite and powered by TM1, it provides forecasting, budgeting and reporting at an enterprise scale through data compression. With all data connected to a central hub, it enables collaborative planning with workflow approvals and review protocols in place. Enterprises perform OLAP analysis faster through in-memory technology.

Integrating with Microsoft Excel, it gives businesses the ease and familiarity of working with spreadsheets with the power of an enterprise database. With automated time-series modeling, it enables self-service predictive analysis. The vendor offers a 30-day free trial.
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Product Insights

  • Mobile: Access data, capture and upload receipts, review and approve the expense anytime and anywhere with a stable internet connection.  
  • Flexible: Work with any credit card and seamlessly integrate with the existing payroll, accounting system or CRM. Automate approval workflows and approve reports quickly and easily.  
  • Relaible: Get the business up and running in no time with its uptime of 99.9%. Save time with its automatic data tracking, editing and submissions. Boost productivity with intuitive SaaS solutions. 
  • Accurate: Get rid of manual expense reporting and OCR systems that are prone to errors. Provide rich insights into the business for better control and improved decision making.  
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  • Maximize ROI: Save time for analysis of trends, business performance and results by creating project plans faster. Reallocate budget and resources by leveraging deep insights into business performance and market trends. Collaborate with others on a single, unified platform with total transparency and visibility into business data, available for all plans. 
  • Boost Sales: Win more business opportunities – boost annual sales quotas and deal sizes through end-to-end sales workflows. Grow revenue and reduce time to insight with robust sales analytics. Track campaigns for performance monitoring in real time and deep dive into data for buying behavior and customer churn analysis. 
  • Financial Planning and Analysis: Optimize the business’ performance through valuable financial insights. Ensure the business is on track by creating and managing plans, budgets and forecasts. Simplifies the budgeting process through real-time calculations with automatic application of business rules. 
  • Optimize Supply Chain: Create more accurate demand forecasts, get a clearer view of the resources and budget required to fulfill projected demand and update production plans accordingly. View historical data and drill down into summaries for deep-dive analysis and add visuals to spot key KPI trends. 
  • Workforce Planning: Increase the workforce’s efficiency by acquiring and retaining skilled employees at the right time. Effectively manage staff schedules, task assignment and performance tracking through workforce analytics and HR planning tools. 
  • Deploy Anywhere: Access the same data from everywhere with the flexibility to deploy on-premise, in the cloud or as a combination of both. 
  • Scalable: Build and change plans flexibly in real time to match business requirements. Scales with increasing data volumes, number of users and planning models, without impacting existing workflows and performance. 
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  • Expense Submission: Pull data such as travel and expense forms, hotel itineraries, personal and credit card transactions, receipts and create expense reports. Save time by keeping common transactions in the database. Converts transactions into appropriate currencies for international travelers. 
  • Expense Approval: Give managers the freedom to review and approve expense reports without involving any paperwork. Set policy rules in the system, so expenses are pre-approved, making reviews and approvals easier and faster.
  • Expense Report Automation: Automate and streamline back office tasks to minimize the possibility of errors and make the process more efficient. Free up workers so that they can focus on more important business objectives. 
  • Quick Reimbursement: Pay accounting professionals faster with an accelerated reimbursement process with batch payment processing. Furthermore, save staff hours of data entry work and simplify expense reimbursement processing with automation. 
  • Compliance Management: Set standards and protocols to ensure compliance. Establish a spending limit and expense policies to help staff know when a certain payment is against company policy. Reduce excessive spending. 
  • Smart Categorization: Categorize transactions based on predefined rules for the transaction category. Eliminate the need to manually enter data. 
  • Digital Receipt Management: Provide an electronic copy of the receipt which can be later retrieved by the clients in case of chargebacks or reconciliation issues. 
  • Mileage Tracking: Track, manage and control mileage expenses in a simple, accurate and reliable way. 
  • Mobile Expense Management: Take a receipt of the picture and upload it to attach it to the expense report. Easily access expense report. Review, approve and deny submitted expenses on your schedule.  
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  • Architecture: Leverage a three-tier client-server architecture that includes a database, application server and front end, with data stored centrally in the OLAP server. 
    • TM1: Employs an efficient data compression algorithm to enable faster planning and analytics. Create business models by combining multiple data sources with manual input for effective decision-making. 
  • Workspace: Create and access all plans and forecasts through its web-based interface. Grant role-based access to team members down to cell-level granularity. Collaborate on plans through chats and cell comments in the workspace. 
    • Data Visualizations: Choose from a rich library of visualizations to apply that includes bullet charts, waterfall charts, treemaps, word clouds and more. Input data intuitively to specific slots through drag-and-drop actions, and customize fonts and styles for personalized branding. 
    • Books and Views: Access related data in the form of web sheets, scorecards, videos and embedded web pages from a single interface. Leverage defined selections of a data cube — views — for analysis and data exploration, and export as an Excel worksheet. 
  • Performance Tracking: Compare targets with actual results, and with actual performance over time. Quickly find the desired metrics and create visually compelling scorecards such as impact diagrams, strategy maps and custom diagrams. Add existing scorecards to books and analyze data over different periods, metrics and dimensions. 
  • Data Modeling: Autonomously build a financial model by converting business requirements into cubes, dimensions, hierarchies and calculations. Transform and load data easily into a financial model, without the need to code. 
  • Sandbox Environments: Work in a sandbox to manipulate data as needed in real time without impacting actual data. Compare different scenarios and test assumptions to see the impact of potential decisions. 
  • Microsoft Excel Integration: Go beyond what spreadsheets can do – perform multi-dimensional analysis and big data exploration within the Excel interface, retaining its full functionality and formatting. Find answers to business questions by creating reports from Cognos TM1 through interactive drag-and-drop actions. 
  • AI-Based Automation: Speed up planning cycles and get more reliable results. Create plans, forecasts and budgets through automated model creation, natural language processing and cognitive analytics. 
  • On-Demand Module: Generate dynamic dashboards from existing Excel spreadsheets through autonomous data exploration. Move from annual planning to rolling forecasts based on real-time information by identifying variances in plans caused by external data. 
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Product Ranking

#135

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#335

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User Sentiment Summary

Fair User Sentiment 29 reviews
we're gathering data
66%
of users recommend this product

ExpenseWire has a 'fair' User Satisfaction Rating of 66% when considering 29 user reviews from 2 recognized software review sites.

we're gathering data
3.2 (15)
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3.4 (14)
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Synopsis of User Ratings and Reviews

Automated Expense Reports: Users praise ExpenseWire for automating the process of creating expense reports, eliminating the need for manual data entry and reducing errors.
Mobile Accessibility: The mobile app allows users to snap pictures of receipts and upload them directly to the platform, making expense tracking convenient and efficient.
Real-time Expense Tracking: Users appreciate the ability to track expenses in real-time, providing a clear view of spending patterns and budget adherence.
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Flexible Modeling: Users praise the software's ability to handle complex planning scenarios with ease, such as building detailed driver-based models for budgeting and forecasting.
Improved Collaboration: The platform facilitates better communication and data sharing among teams, streamlining the budgeting and forecasting process.
Powerful Reporting and Analytics: Users appreciate the robust reporting features, allowing them to generate insightful reports and dashboards for data visualization and analysis.
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Limited Integrations: Users express frustration over ExpenseWire's limited third-party integrations, particularly its lack of seamless integration with popular accounting software like QuickBooks Online or Xero. This forces businesses to manually export and import data, leading to increased workload and potential errors.
Clunky Mobile App: The mobile app's user interface is frequently criticized for being unintuitive and difficult to navigate. Users report experiencing glitches and slow loading times, making it cumbersome to track expenses on the go.
Reporting Limitations: ExpenseWire's reporting features are considered basic and lack the flexibility and customization options needed by many businesses. Users desire more comprehensive reporting capabilities to gain deeper insights into spending patterns and identify areas for cost optimization.
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Steep Learning Curve: Users have reported that IBM Planning Analytics can be difficult to learn, especially for those without prior experience with similar tools. Its interface and terminology can feel overwhelming initially.
Limited Reporting Capabilities: Some users have expressed frustration with the reporting functionality within Planning Analytics, finding it less intuitive and flexible compared to dedicated reporting tools. They desire more advanced formatting and customization options for presenting financial data.
Performance Issues: Users have occasionally encountered performance issues, particularly when dealing with large datasets or complex calculations. This can slow down budgeting and forecasting processes, impacting overall productivity.
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ExpenseWire users are buzzing about its seamless integration with Paychex payroll, making it a breeze to reimburse employees. The software's intuitive interface and mobile app receive high praise, allowing users to snap pics of receipts and submit expense reports on the go. ExpenseWire's robust reporting tools provide valuable insights into spending patterns, empowering businesses to make data-driven decisions. However, some users find the customization options limiting, particularly for complex approval workflows or unique expense categories. ExpenseWire shines for small to medium-sized businesses already using Paychex payroll, offering a streamlined expense management solution that plays well with their existing systems.

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User reviews from the past year suggest IBM Planning Analytics is a powerful tool for businesses seeking to streamline their financial planning and analysis processes. Users praise its robust features, particularly its budgeting, forecasting, and reporting capabilities. One standout feature is its ability to handle complex "what-if" scenarios, allowing businesses to model different outcomes based on various factors, which is crucial for making informed decisions in a volatile market. However, users also point out some drawbacks. The learning curve can be steep, especially for those unfamiliar with similar software. Some users find the interface less intuitive than competitors like Anaplan or Cube, and the pricing can be a significant investment for smaller businesses. Despite these weaknesses, users generally agree that IBM Planning Analytics offers a comprehensive solution for businesses needing advanced planning and analysis capabilities. Its ability to integrate with other IBM products and handle large datasets makes it particularly well-suited for larger enterprises with complex financial operations.

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