Blog

What is IBM Planning Analytics Local

Posted by Sameer Syed on November 13, 2017

IBM Planning Analytics Local is the new version of TM1 which was released by IBM in December 2016. IBM has rebranded TM1 to IBM Planning Analytics Local. Get used to using the name Planning Analytics instead of TM1

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Is developer documentation important?

Posted by Martin Liwosz on November 10, 2017

Although we as devlopers solve problems and that gives us a feeling of success and empowerment, I landed on the realisation that by documenting a problem not just jumping in and fixing it; helps make better decisions.

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Why is TM1 best tool for Allocations ?

Posted by Amendra Pratap on November 6, 2017

How to utilize TM1 Planning Analytics functionality for your Technology Allocations

Allocation Technology and other Service charges back to the departments is typically a difficult exercise for most organisations. There is a large amount of different data sources , data mapping, calculations and reporting capability required. This is just for the actuals – forecasting accurately is usually a bridge too far for most organisations. It does not have to be this difficult!

Why do we need to allocate charges – It largely influences the behavior and ensures that departments incur appropriate level of expense based on their usage. With larger enterprises it also has tax implications when service provider and receiver are in different countries or jurisdictions. (Transfer pricing is high on radar of most governments and the largest of our corporations)

Accurate allocations also provide transparency to both the department heads and the CIO’s on the cost base and its distribution. It is crucial in planning supply and demand of IT services.

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How CFOs can improve a company's efficiency by automating the process and focusing on Analytics?

Posted by Amendra Pratap on November 3, 2017

As the CFO of your company, your organisation relies on you for more than just numbers. Yes, spreadsheets and financial reports are the hallmarks of your profession.

But what about business intelligence and forecasting?

Today, the explosion of data available in business matches the explosion of competition in today’s markets and CFOs need to harness that wealth of data to compete. CFOs need better business intelligence tools to identify upcoming opportunities and grab them before their competitor does. They also need to foresee potential losses and advise on how to mitigate risk. In short, they need to focus on analytics to be able to predict the future so their business owners can react quickly.

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Topics: Insider

Take complexity out of Excel and systemize your data with IBM Cognos TM1 and Planning Analytics

Posted by Amendra Pratap on November 3, 2017

IBM Cognos TM1 supported by Planning Analytics is the ideal technology for making Excel-centric budgeting, forecasting, financial reporting and any spreadsheet-based analytical application scale to the enterprise.

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Topics: Insider