QuickBooks Desktop Enterprise vs IBM Planning Analytics

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Our analysts compared QuickBooks Desktop 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.

QuickBooks Desktop Enterprise Software Tool
IBM Planning Analytics Software Tool

Product Basics

QuickBooks Desktop Enterprise is a comprehensive software solution designed to manage complex accounting tasks, including payroll, inventory, and financial reporting. It is particularly well-suited for medium to large-sized businesses across various industries such as manufacturing, retail, and construction, due to its robust features and scalability. The software offers unique benefits like advanced inventory tracking, customizable reporting, and enhanced user permissions, making it a powerful tool for businesses with intricate financial needs.

Users appreciate its ability to handle large data files and multiple users simultaneously, which sets it apart from similar products. The software's advanced features, such as job costing and field service management, provide significant value to businesses requiring detailed financial oversight. Pricing for QuickBooks Desktop Enterprise varies based on the number of users and specific needs, typically involving an annual subscription model. For precise pricing details, it is recommended to contact SelectHub for a tailored quote.

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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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$1,261 Annually
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$825 Monthly
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Tailored to your specific needs
Small
Medium
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Large
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

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In Person
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Documentation
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Live Online
Videos
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Email
Phone
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FAQ
Forum
Knowledge Base
24/7 Live Support
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FAQ
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Product Insights

  • Enhanced Reporting: Generate detailed financial reports with customizable templates, providing deeper insights into your business performance.
  • Advanced Inventory Management: Track inventory across multiple locations and manage stock levels efficiently to reduce carrying costs and avoid stockouts.
  • Robust Security: Implement user permissions and roles to control access to sensitive financial data, ensuring compliance and data integrity.
  • Scalability: Accommodate up to 40 simultaneous users, making it suitable for growing businesses with expanding teams.
  • Comprehensive Payroll Management: Automate payroll processing, tax calculations, and compliance reporting to save time and reduce errors.
  • Customizable User Interface: Tailor the dashboard and navigation to fit your workflow, enhancing productivity and user experience.
  • Industry-Specific Solutions: Utilize specialized features designed for industries like manufacturing, wholesale, and nonprofit, ensuring relevant functionality.
  • Seamless Integration: Connect with third-party applications and services to streamline operations and enhance functionality.
  • Efficient Job Costing: Track project expenses and profitability with precision, aiding in better budgeting and financial planning.
  • Reliable Customer Support: Access dedicated support from QuickBooks experts to resolve issues quickly and keep your operations running smoothly.
  • Multi-Currency Support: Manage transactions in multiple currencies, making it easier to handle international business operations.
  • Batch Invoicing: Create and send multiple invoices simultaneously, saving time and reducing administrative workload.
  • Data Backup and Recovery: Protect your financial data with automatic backups and easy recovery options, minimizing the risk of data loss.
  • Comprehensive Audit Trail: Maintain a detailed log of all financial transactions and changes, ensuring transparency and accountability.
  • Flexible Payment Processing: Accept various payment methods, including credit cards and ACH transfers, to improve cash flow and customer convenience.
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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: Set up users quickly with 14 pre-set roles such as accountant, accounts payable and receivable, banking, finance, inventory and more with the user permissions tool. 
  • Inventory Management: Initiate automatic inventory and order management appliances with the advanced inventory attribute. It also has picking, packing and shipping assets to administer the full sales order fulfillment process from beginning to end. 
  • Reporting: Work with more than 200 built-in adjustable report templates that cater to your industry. Users may also develop custom ad hoc reports for particular business requirements. 
  • Time Tracking: Guarantee that assignments are done on time and under budget with the TSheets elite function in the time tracking apparatus. Users may record time on any mobile device, compare estimated to actual hours, distribute jobs and follow a task's progress. This tool also enables users and patrons to sign off on projects and timesheets with the digital signature capture extension on the mobile app. 
  • Connect with Salesforce CRM: Leverage the Salesforce CRM connector integration to sync QuickBooks data right into Salesforce to reduce duplicate entries. This component provides users with a single source of information between the sales and support department, improving how users help their clients, produce prompt sales orders and invoices and obtain a more transparent snapshot of the sales pipeline. 
  • Field Service Management: Gain more insight on financial and field service data, including real-time updates, effective job scheduling and immediate invoicing. Users may also utilize GPS and mapping with Google Maps to monitor workers and manage client sites, receive a clear view of tasks complete, electronic work orders and more. 
  • Job Costing: Distribute all associated costs to projects as they accumulate with the job costing appliance. Users also obtain real-time project information to take the necessary actions if expenses are cutting into profits. This appliance even allows users to evaluate the difference between proposed expenditures and actual fees to make improved budgets in the future. 
  • Advanced Reporting: Create custom reports with ease using the built-in report builder, which allows for deep data analysis and tailored insights.
  • Enhanced Payroll Services: Handle complex payroll needs, including direct deposits, tax calculations, and compliance with federal and state regulations.
  • Role-Based User Permissions: Assign specific access levels to different users, ensuring that sensitive financial information is only accessible to authorized personnel.
  • Multi-User Mode: Allow multiple users to work on the same company file simultaneously, improving collaboration and efficiency within your team.
  • Job Costing: Track expenses and revenues for individual projects, providing detailed insights into job profitability and helping to manage project budgets effectively.
  • Advanced Pricing: Set up custom pricing rules and discounts based on customer, item, or date, allowing for flexible and dynamic pricing strategies.
  • Batch Invoicing: Create and send multiple invoices at once, saving time and reducing the administrative burden of billing.
  • Field Service Management: Integrate with third-party applications to manage field service operations, including scheduling, dispatching, and invoicing for service calls.
  • Customizable Dashboards: Design personalized dashboards to monitor key performance indicators and financial metrics at a glance.
  • Data Backup and Recovery: Protect your financial data with automatic backups and easy recovery options, ensuring business continuity in case of data loss.
  • Industry-Specific Editions: Choose from editions tailored to specific industries such as manufacturing, wholesale, retail, and nonprofit, each with specialized features and reports.
  • Mobile Inventory Barcode Scanning: Use mobile devices to scan barcodes for inventory management, streamlining the process of tracking and updating stock levels.
  • Vendor Management: Manage vendor relationships with tools for tracking purchase orders, bills, and payments, as well as setting up vendor-specific terms and conditions.
  • Customer Relationship Management (CRM) Integration: Integrate with popular CRM systems to synchronize customer data and improve sales and service processes.
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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

#259

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#335

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Accounting Software

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Synopsis of User Ratings and Reviews

User-Friendly Interface: QuickBooks Desktop Enterprise is celebrated for its intuitive design, which simplifies the process of setting up new companies and navigating its features.
Comprehensive Reporting: The software offers a wide array of reporting options, encompassing accounts payable, receivable, and payroll, providing businesses with a comprehensive financial overview.
Advanced Features: QuickBooks Desktop Enterprise includes advanced tools such as inventory tracking, job costing, and customizable reports, catering to businesses with intricate operational needs.
Integration and Flexibility: The software seamlessly integrates with other systems and third-party applications, offering businesses the flexibility to connect their existing tools and workflows.
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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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Price: The recurring subscription fees, especially when factoring in potential costs for cloud storage and additional user licenses, can strain budgetary constraints for some businesses.
Complexity: Navigating the software's extensive features can pose a challenge for some users, particularly those transitioning from simpler accounting solutions or lacking prior experience with similar software.
Compatibility: The software's exclusive compatibility with the Windows operating system may present a significant obstacle for businesses utilizing alternative operating systems, potentially necessitating a costly transition to ensure compatibility.
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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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Is QuickBooks Desktop Enterprise a quick book to success for businesses, or does it leave users feeling like they're drowning in a sea of red ink? User reviews from the past year paint a somewhat mixed picture of this popular accounting software. While many appreciate its user-friendly interface and comprehensive reporting features, some find the cost prohibitive and the software overly complex. Users consistently highlight the intuitive design as a major strength, praising its ease of navigation and setup. The robust reporting capabilities, including detailed accounts payable, receivable, and payroll reports, are also frequently commended. Many users find these features a significant upgrade from their previous accounting solutions, allowing for better financial oversight and decision-making. However, the high cost of the software, particularly the annual subscription fee and additional charges for cloud hosting and extra users, is a recurring concern. Some users feel that the price tag, while justifiable for larger businesses, might be too steep for smaller enterprises with limited budgets. Another point of contention is the software's complexity. While some users find it relatively straightforward, others report a steep learning curve, particularly those unfamiliar with accounting software. The platform limitation to Windows is also a drawback for some, restricting its accessibility for businesses using other operating systems. Overall, QuickBooks Desktop Enterprise seems best suited for medium to large businesses with dedicated accounting personnel who can fully utilize its advanced features and justify the investment. Smaller businesses or those with limited technical expertise might find more value in simpler, more affordable accounting solutions.

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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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