Home > Accounting Software > QuickBooks Enterprise > QuickBooks Enterprise vs IBM Planning Analytics

QuickBooks Enterprise vs IBM Planning Analytics

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Our analysts compared QuickBooks Enterprise 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.

Overview Pricing Benefits & Features User Ratings Analyst Summary Screenshots
QuickBooks Enterprise Software Tool
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IBM Planning Analytics Software Tool
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Product Basics

QuickBooks Enterprise is an accounting ERP that enables users to hold one million patrons, vendors and inventory items, 100,000 classes, 45 custom fields and no more than 40 users. Users can manage bookkeeping, inventory, reporting, pricing rules, job costing,time tracking and more.

Its noteworthy features include pricing, job costing, hosting, field service management, order management and more.
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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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$1,922 Annually
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$825 Monthly
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Product Insights

  • Maintain Order Fulfillment: Handle every aspect of the order fulfillment process from beginning to end via advanced inventory management, barcode scanning and strengthened picking, packing and shipping. 
  • Track Projects: Maintain cash flow, construct more accurate estimates and keep revenue profitable by following job costs throughout several construction projects. 
  • In-Depth Reports: Leverage the advanced reporting apparatus to draft documents with suitable KPIs and contemplate better business strategies. 
  • Several Reports: Browse more than 200 report templates and 70 tailored industry documents via the reporting accessory. 
  • Adjust Pricing: Govern, alter and initiate automatic fees with the advanced pricing module. 
  • Offer Discounts: Establish quantity discounts, manufacturing markdowns, seasonal and scheduled promotions and top-priority customer rules. 
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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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  • User Permissions: Permit anywhere from one to 40 users that work simultaneously on this solution and initiate user permissions to safeguard confidential information. Choose from one of 14 preset roles for new users and permit which users can review, alter or erase particular patrons, suppliers or data. 
  • Payroll:  Construct infinite checks, initiate direct deposit, sort payroll taxes and generate W2 forms. Users may install calendar reminders to meet payroll tax deadlines on time. 
  • Reporting: Peruse more than 200 adjustable report templates suitable for particular industries or create reports from scratch. 
  • Payments: Maintain updates and allocate costs straightaway to banks to always stay in the loop of bottom lines. Instantly match, attach and chronicle ACH and credit transactions made within QuickBooks. 
  • Time Tracking: Contrast and compare budgeted against actual hours, distribute responsibilities and track progress. Managers and clients may effortlessly validate finished timesheets and projects from mobile devices with the digital signature capture extension. 
  • Bank Management: Arrange bank transactions faster with improved payee, account and class matching. Leverage improved regulations and batch editing to reduce data entry and recognize and fix issues. 
  • Payment Receipts: Tailor receipts with business logos and more for a professional and consistent format for patron messages. 
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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

#27

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#335

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User Sentiment Summary

Excellent User Sentiment 17875 reviews
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90%
of users recommend this product

QuickBooks Enterprise has a 'excellent' User Satisfaction Rating of 90% when considering 17875 user reviews from 4 recognized software review sites.

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5.0 (9)
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4.2 (629)
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4.5 (16874)
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4.3 (363)
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Awards

QuickBooks Enterprise stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

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Synopsis of User Ratings and Reviews

Implementation: Of the users who discussed this program's implementation process, roughly 57% said it was straightforward and the interface was easy to learn.
Performability: Approximately 63% of users who mentioned this solution's overall performance stated it's great for entrepreneurs and small businesses and makes mundane bookkeeping tasks simple.
Functionality: Of the users who addressed this application's features, 68% said it's feature-rich, offers payroll and sales tax management and effortlessly tracks account receivables.
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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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Training: Nearly 42% of users who discussed the software's training process said it had a slightly toilsome learning curve.
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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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QuickBooks Enterprise is a thorough accounting ERP with features aplenty — such as user permissions, reporting, bank management, payroll, time tracking and more — to keep bookkeeping tasks hassle free. Although some users find that the training materials and installation process were difficult, the majority found the implementation satisfactory and the interface manageable. This platform is handy for small businesses and entrepreneurs as it streamlines routine accounting assignments. Most users find this ERP an efficient accessory.

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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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