The 2022 BARC Score named IBM and Workday as leaders in Integrated Planning & Analytics. BARC (Business Analytics Research Center) is one of Europe’s leading analyst firms for business software, focusing on the areas of data, business intelligence (BI) and analytics, corporate performance management (CPM), enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP).
This BARC Score report focuses on the market for integrated planning and analytics (IP&A) products and portfolios.
“Today, the reality in many companies is that IP&A is an often proclaimed but seldom achieved goal. Reasons such as internal policies or difficulties with historically grown system landscapes could account for this … However, the lack of coherence of data and functionality resulting from using multiple tools for planning and analytics, and using Excel instead of specialized software tools, are frequently cited reasons for user dissatisfaction, inconsistencies and error susceptibility with planning and analytics in companies today,” writes BARC.
BARC Score – IBM
BARC assessed several components of IBM’s “comprehensive portfolio of on-premises and cloud analytics and performance management solutions,” which includes IBM Cognos Analytics with Watson and IBM Planning Analytics with Watson. The BARC Score states:
- IBM Planning Analytics offers flexibility for business power users to create budgeting, planning and forecasting as well as analytics applications based on a high-performance in-memory database.
- Comprehensive Excel-based functionality for preparing individual applications in IBM Planning Analytics (modeling, custom planning forms, etc.) and publishing them to the web.
BARC Score – Workday
This report focuses on Workday Analytics Planning, describing it as “a business-user-oriented CPM platform with functionality for various performance management processes.” BARC lists the following among the strengths for Workday Adaptive Planning:
- Flexibility for a wide variety of planning approaches (centralized top-down, decentralized bottom-up) and planning topics (including operational planning and financial planning) aimed at companies of all sizes and industries.
- According to feedback in BARC’s “The Planning Survey,” customers are very satisfied with Workday Adaptive Planning, its price to value and its planning and workflow functionality.
BARC Score Inclusion Criteria
BARC has two categories for being included in this report:
- The vendor’s products and portfolios
- Financial results relating to those products
Vendors included in the report must have functionality for planning, as well as:
- Formatting reporting
- Ad hoc query and reporting
All vendors must generate a minimum of 20 million EUR of software revenue per year, have a presence in Europe and in at least two additional geographies. The product must also have a significant number of implementations.Learn more about BARC’s assessment of IBM Planning Analytics and Workday Adaptive Planning. Download your copy today.