IBM Planning Analytics Unifies and Streamlines an Organization’s Planning Environment
IBM Planning Analytics, powered by IBM TM1, is a comprehensive planning and analytics solution designed to integrate and streamline an organization’s planning workflows and processes, thereby allowing for more efficient and productive planning cycles. Forrester Consulting conducted a Total Economic Impact™ (TEI) study to provide readers with a framework to evaluate the potential financial impact of IBM Planning Analytics on their organizations. To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed four customers with experience using IBM Planning Analytics.
Through these customer interviews and subsequent data aggregation and analysis, Forrester concluded that IBM Planning Analytics has the following three-year financial impact: $3.0 million in benefits versus costs of $1.3 million, resulting in a net present value (NPV) of $1.7 million and an ROI of 133%.
Quantified benefits. The following risk-adjusted quantified benefits were experienced by a composite organization representative of the organizations interviewed:
- 63% Reduction in labor time needed to complete the annual budgeting cycle.
- 80% Faster processing of planning data.
- 70% fewer labor hours required to complete forecasting cycles.
Download the full TEI report today to better understand what IBM Planning Analytics can do for your company.