IBM Cognos TM1

A single, bespoke environment

IBM Cognos TM1 is a leading planning and forecasting tool. Used by the likes of The University of Nottingham, 2 Sisters Food Group and Symington’s, the TM1 platform is dynamic and collaborative; it encompasses budgeting, reporting, scorecarding, analysis and forecasting in a centralised and scalable system.
Recognised as a market leader, TM1 is best known for its easy play with large data sets, both on-premise and online. By feeding data in to cubes and models, TM1 can reduce planning cycles by 75% and reporting from days to minutes. As a platform it allows for the development and deployment of complex planning and analysis models in a single, live environment.

As an entirely bespoke platform, Cognos TM1 adapts to a constantly evolving business environment. Spreadsheet-like calculations and simple drag-and-drop functionalities make TM1 a user-friendly platform, facilitating profitability models and integrated scorecarding in one click.

Magnification of data scenarios

Cognos Insight is a Business Analytics application that provides a valuable magnification of data scenarios, allowing users to view their data like never before. Accessible via TM1, Insight digs deeper into the data, mapping it in to models and unveiling in-depth trends and reports.

Unlike market alternatives, Cognos Insight requires very little IT support. Users are able to pull and extract elements of the data on to their desktops quickly and easily, rather that passing data back and forth between departments. Insight also accommodates personalised dimensions, hierachies and “what-if” testings, freeing up more time for analysis, re-calculation and experimentation.

As a tool, Insight has its own separate, visual dashboard. Data can be easily segregated and manipulated outside of TM1 and then posted to the Insight dashboard for further analysis. It’s a particularly easy way to play around with reports and to forecast changing climates and business situations. Results can be shared via the web and read in Cognos BI.

Advanced modelling, accessible on-the-go

Data analysis isn’t a 9-5 job. Available on iPad, the TM1 Mobile Contributor application allows users to view submission statuses, including those that are pending approval, wherever they might be and at any time of day. And for the values that need recalculating, users are able to change and resubmit figures to the Cognos TM1 server, ready for later analysis.

In addition to this, the TM1 Performance Modeller application sits alongside the Cognos TM1 environment and planning models. Accessed in a graphical user interface, the advanced modelling environment guarantees model efficiency: with the Modeller component, users can create and deploy models as teams or individuals, without the need for advanced TM1 skill sets.

By facilitating the complete Cognos TM1 range, objects can be organised functionally (for example: a folder for Common Objects, one for Budget, another for Forecast) or as default Dimensions and Cubes. And as user demand increases, personnel can be added quickly and safely, in-line with security regulations.

“Commercial reporting is a key driver in allowing management to make agile decisions in the dynamic food sector. Simpson Associates understood this perfectly and provided expert insight into the development of the IBM Cognos TM1 tool which has vastly improved the consistency and speed of our reporting.”

Phil Yeomans
Commercial and Reporting Accountant, Symington’s

Why choose TM1 over a competitor?

Used globally, Cognos TM1 is tried, tested and secure. As a progressional tool, it’s favoured by spreadsheet users; the Excel feed-in and bespoke functionality is a direct rival to software competitors. TM1 facilitates powerful business intelligence and predictive analytics solutions for stronger business foresight.
Stated as visionaries and leaders in Gartner’s 2014 report on Corporate Management Solutions, TM1 is the favored tool for many businesses around the word.

Experience TM1

Simpson Associates are a software and services consultancy specialising in delivering budgeting, reporting, forecasting and business planning solutions built on IBM Planning Analytics (formally known as IBM Cognos TM1), and the IBM Cognos suite. With clients including The University of Oxford, Symington’s, Holman Fenwick Willan and Nottingham Trent University we have the experience and expertise to help you discover, implement and adopt the technology.

Find out more about of Cognos Planning Consultancy Services here or contact us to book a demonstration.

 

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Nick Evans
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Simpson Associates

Nottingham Trent University Case Study