What is IBM Cognos TM1?
Cognos TM1 is an in memory multidimensional analytic tool from IBM. It is widely regarded as the best tool in the world for this purpose and it is used by most major corporations globally. Its uses are extremely wide – from budgeting, planning and forecasting, to reporting and analysis; from inventory management to customer profitability; variance analysis to KPI reporting. It is the analytic tool of choice for most accountants, especially as its primary front end is Excel.
TM1 is the core engine of IBM’s business analytics suite of products and it integrates completely with Cognos BI and Cognos Disclosure Management. It is available either on-premise or in the cloud as IBM Planning Analytics.
It integrates perfectly with top tier ERP tools such as SAP, Oracle or JDE, as well as second tier products such as Epicor, Great Plains and Pronto.
Cognos TM1 gives you
- Powerful planning and analysis
- Integrated model metrics linked to your forecasts
- Flexible modeling
- Company-wide engagement
- Platform agnostic options
- Streamed and large volume data capability
- Cloud-based deployment options
- The accounting edge by shifting costs from capital to operating expenses.
It also allows you to respond immediately in a constantly evolving business environment and helps you monitor performance metrics and align your resources with your objectives and ongoing market events.
Why your company needs over-the-horizon visibility
IBM TM1 software gives you a complete planning, budgeting and analytics environment to help you deliver timely, reliable forecasts and plans.
It enables you to rapidly analyse and model planning requirements for your entire organisation and use them to anticipate the correct course of action for the optimum business outcome.
“Many thanks to the Infocube team for their pro-active approach in supporting our TM1 software. Ben & his team have an excellent understanding of their product & are always a step ahead in planning. Infocube are always prompt in responding to requests for assistance & keep communication simple. They have truly developed a business partnering relationship with our administrators & we are appreciative of their tremendous work.” Planning & Analysis Manager, Dick Smith.
Enterprise Planning with Power
Cognos TM1 supports a full range of enterprise planning software requirements – from high-performance, real-time profitability analysis, financial analytics and flexible modeling to enterprise-wide contribution so individuals, teams, divisions and whole companies can respond faster to changing conditions.
Cognos TM1 facilitates the use of best practices such as driver-based planning and rolling forecasting to provide consistent reporting and analysis. It works with your choice of interface including Microsoft Excel, Web, Contributor, Cognos Insight and Cognos Business Intelligence.