IBM Planning Analytics, powered by TM1, is here to stay!

IBM Planning Analytics, powered by TM1, is here to stay!

In December 2016, IBM TM1 effectively became Planning Analytics.  What is Planning Analytics?  IBM took the powerful, multi-dimensional calculation engine of IBM TM1 and added capabilities to make planning, budgeting, forecasting and analysis faster and more flexible than ever before. IBM Planning Analytics provides a unified Web, Excel, and mobile experience for both finance and non-finance users. It goes beyond automating manual...

How IBM Planning Analytics lets you embrace — not replace — your spreadsheets

How IBM Planning Analytics lets you embrace — not replace — your spreadsheets

Over the past many years, most organisations looking for enterprise planning, budgeting, forecasting and reporting applications have been steered away from spreadsheets by performance management vendors.  However, since most companies opt for Microsoft Excel, it is still the preferred tool for many business users, particularly analysts.  Because it’s free, a lot of companies are reluctant to replace Excel with another tool that will...

Five ways BI can Transform your Business

Five ways BI can Transform your Business

Many businesses inundated with data tend to tough it out with inadequate analysis tools because they are not aware of how or why business intelligence (BI) solutions can provide value. This article will cover the various ways BI and analytics in general can take your business to the next level and when the right time is to seriously consider implementing an analytics solution. There are many definitions of BI, simply put, it describes...

Forecasting Perfected: How IBM Planning Analytics brings clarity and vision to your data

Budgeting and financial forecasting are critical planning and management disciplines that provide invaluable aid to business managers in the decision-making process. Most companies have business plans in varying forms of sophistication and use, that provide points of comparison to gauge success. Capital and operational funding, whether by personal capital investment, financial loans or some combination of the two is required to drive...

Leveraging Your Current Investment in your BI and FPM Solution to Secure and Streamline Your Financial Reporting Generation Process

Recent studies show that 74% of financial managers are using spreadsheets as their primary vehicle to generate reports.  This means creating lengthy reports or presentations manually, which can yield financial documentation that is prone to human error, contains outdated information and has little or no version control.  This in turn brings key problems associated with a manual reporting process, such as information and data on...

Trusting your reporting data

Trusting your reporting data

Financial forecasting and Business Intelligence (BI) analytic tools provide business users with a single data source. All “actual” information is derived from the company’s proprietary Enterprise Resource Planning (ERP) system, automatically updated to a single DataMart at user-defined intervals for use by all reporting tools. All forecasts created in a budgeting and forecasting solution are “written back” to the DataMart, to then be...