IBM Cognos TM1: Why is it Beneficial to a Business
Reference: ibm cognos tm1
Planning is an important aspect of running a business, which is why you should consider equipping your
company with IBM Cognos TM1. TM1 is basically a high-performance enterprise planning software that can
revolutionise your entire planning system. Developed by IBM, this software suite can be a huge help when it
comes to budgeting, forecasting, and analysis.
Because of its special qualities and features, it is no wonder why many businesses and financial
organisations across the globe are using such reliable business intelligence solutions.
Incorporating TM1 in your daily operations has many advantages. As you may know, time is a very important commodity in the world of business. Every second that
you waste can have an impact on your organisation. Fortunately, IBM Cognos TM1 gives you speed. With its
multidimensional, 64-bit, in-memory OLAP engine, it allows you to rapidly analyse data and mode business
requirements for your entire company.
With the help of this enterprise software solution, you can create and better understand sophisticated
budgeting models and forecasts, even those based on large data sets, in just a relatively shorter
amount of time.
Cognos TM1 can provide you with reliable business intelligence solutions from start to finish. It can aid you in creating integrated score carding and reporting, thus,
allowing you to paint a complete picture from goal setting and planning to measuring progress and the
outcome of a particular undertaking. You won't easily find such a reliable feature from other similar
Here's another benefit of using this revolutionary planning software. With IBM Cognos business
intelligence, it is much easier to collaborate with people from different parts of your organisation. This planning software allows you to collect input from thousands of
users from all divisions and locations. You can exchange commentary and documents without having the need to
meet face to face.
With IBM Cognos TM1, you can also have a wide choice of interfaces that you can use. Whether you prefer using Microsoft Excel or other types of spreadsheets, you can
be sure that they are compatible with TM1. Also, the planning software comes with advanced personalisation so it can provide you with tailor-made business solutions
that match your company's needs.
Having IBM Cognos TM1 is indeed beneficial for your organisation. Not only it makes it easier for you and your people to work together, this reliable planning software also helps improve business productivity and efficiency.
As such, if you want your business to run like a well-oiled machine and be more profitable, make sure you invest in
this revolutionary planning software.