How To Streamline Your Budget Process & Planning With IBM Cognos TM1

As the economy shifts, it’s important for businesses to adapt. Through strategic planning, budgeting and analysis, we can aim for better business outcomes, regardless of the economic climate. We need to address performance gaps, forecast accordingly and ensure that our financial targets are connected through a dynamic solution. In order to do so, we must streamline our budget process and planning endeavors. With IBM Cognos TM1, we have a planning software program that provides a complete budgeting and analysis environment for finance driven activities that create optimal company-wide performances.

What is IBM Cognos TM1?

IBM Cognos TMI1 is a planning software platform able to transform your business’ planning cycle by streamlining everything from target setting and budgeting to reporting, scorecarding, analysis and forecasting. The platform is available as an on-cloud solution or can be used on-premise. It possesses mobile capabilities, and performance monitoring metrics that allow your company to keep up with the ever-evolving business environment.

Analyze frequently changing data

One of the main objectives of any functioning business model is to analyze frequently changing data on the fly and use it to your advantage. With IBM Cognos TM1 you can tap into a fact-based planning approach with personalized scenarios that are suited to your business needs. You can review daily and hourly sales by store, brand or representative. You can also evaluate day-by-day customer churn, track trends in spending over weeks or months. IBM Cognos TM1 provides you with, data integrity, data and user scalability, on-demand analysis, work-flow that is automated and customizable, data tools and a multi-dimensional database, and a managed participation interface.

A program that plans, budgets and forecasts based on large data sets

The software platform is available with a Microsoft Excel, web and a cloud-based contribution interface. With IBM Cognos TM1 your financial team (controllers, executives, planners, managers etc.) can input, change and recalculate values on-demand allowing problems to be solved as they occur. IBM Cognos TM1 is able to meet the most complex and multi-dimensional analytical demands of large-scale operations in real-time leading your business to meet and address decision making with greater accuracy. With powerful planning and analysis at your disposal, you can measure progress in real-time, leading you to meet your business’ financial objectives.

IBM Cognos TM1 lets you streamline your budget process and planning in an easy to navigate platform. Please contact us for more information about the product and how you can seamlessly integrate it into your day-to-day operations.

2018-05-09T07:02:48-04:00 February 13th, 2017|