IBM TM1, Agentic AI & Finance Transformation Insights

As the world moves towards more data-driven decision-making, businesses are increasingly looking for effective planning and budgeting solutions. IBM Planning Analytics is the go-to for businesses looking for a comprehensive set of tools to help them manage their budgeting and planning process. With Planning Analytics, businesses can access powerful analytics to make more informed decisions, leverage advanced features to create complex models, and gain better insights into their financial data. IBM is constantly improving the functionalities and features of the IBM Planning Analytics ...

Amin Mohammad, the IBM Planning Analytics Practice Lead at Octane Solutions, is taking you through his top 12 capabilities of Planning Analytics, in 2023. These are his personal favorites and there could be more than what he is covering. He has decided to divide his list into PAFe and PAW, as they have their own unique capabilities, and to highlight them separately. Planning Analytics for Excel (PAfE) 1. Support for alternate hierarchies in TM1 Web and PAfE Starting with TM1 Set function, which has finally opened the option to use alternate hierarchies in TM1 web. it contains nine arguments ...

Have all the data but not the full picture ? Business Intelligence is not a software application but rather concept of accelerating and improving decision making; optimizing internal business processes; increasing operational efficiency; driving new revenues; and gaining competitive advantages over business rivals. BI systems should help companies identify market trends and spot business problems that need to be addressed. It encompasses displaying historical data as well as new data as its generated from source systems enabling analysis to support both tactical and strategic decision making ...

One of the interesting things about Octane Red and Blue is that there is no onboarding you can start to ticket on the first day of your subscription. Over time, we are studying tickets that the user creates and anticipate that the user will have the same ticket for the next month so we will create it in advance so that users will no longer make one, that is what we call recurring tickets. There is a lot of automation that we can introduce, and this will no longer require any human intervention needed during the process, and tasks that are ticketed will be automated. Preventative maintenance ...

If you are a TM1 user then you would have surely come across times when you required assistance in support or Development (DevOps) for your implementation. Thousands of companies use TM1 globally for financial and business performance reporting, calculation and presentation of KPIs, allocation, and apportionment, and as a tool for data collection. While having all that factors, a company may also experience pain points like costly consultants for TM1 Development and the struggle to hire a TM1 developer. We have released Octane Blue and Red which allows you access to TM1 developer and support ...

Six months after Tyro implemented Blackline software, Casper Deman, Tyro’s Finance Project lead, joins Octane’s Amendra Pratap, for a fireside chat to discuss life after Blackline. Let’s dive into the learnings from Caspar Deman while implementing Blackline Software in a high-growth organisation like Tyro. Download the full case study at the end of this article. Q. Why don't you give us a quick introduction to your interactions with Blackline Reconciliation? Casper: "I worked at News Corp for eight years. My last role at News Corp for the last probably a year and a half was heading up the ...

Warning: long term use of Excel is lethal for CFOs trying to make data-driven decision-making. Discover how Excel can’t excel when it comes to managing data and what can be done about it. The troubles with Excel are only beginning. Excel not only caps out at a million records, but it also rounds off large numbers using imprecise calculations which compromises the accuracy of your data. Excel is a single-user system. That means it only allows one person to input data at a time. There’s a high chance that someone entering the data does it without regard for storage, backup, and processing best ...

According to the BARC Report 2022, market leaders included SAP, TM1, Oracle, Workday, Board and Jedox. Other popular FP+A tools like Anaplan were rated as challengers. All FP+A software companies were rated on these dimensions: Planning and forecasting Ease of use for business users Portfolio evaluation Ad hoc query and reporting Analysis Infrastructure evaluation Dashboards Formatted reporting Advanced and predictive analytics Scoring Calculating the individual ratings for all criteria and all vendors produces two scores per company: the Portfolio Capabilities score and the Market Execution ...

Caspar Deman, Tyro’s Finance Project Lead, shares his top four tips when considering Blackline Reconciliation. Caspar offers practical advice for Financial Controllers and Financial Accountants, looking to make financial transformation in their organisations. Caspar advises companies adopting Blackline to think about the following: Get rid of error-prone manual consolidations Make it scalable (as early on as possible) Be ready for one-off integration challenges Manage expectations and timeline Download the full case study at the end of this article. 1. Get rid of error-prone manual ...

Instead of using historical sales data, CFOs making financial transformations are shifting to driver-based forecasting. In the Australian construction industry alone, market conditions have moved so quickly in the last 24 months, that history can no longer be trusted to tell the future. In the Australian construction industry alone, market conditions have moved so quickly in the last 24 months, that history can no longer be trusted to tell the future. Forecasting P+L and balance sheets based on actuals and historical data is proving less reliable. The historical data can’t capture the market ...

Australian construction companies that will thrive during the recent consolidation will blend corporate strategy and digital analytic strategy. CFOs will move away from traditional models to adopt digital strategic planning models that rely on data insights while making decisions. Aspen Medical CFO, Moazam Shah, noted some of the key competencies for finance professionals to thrive in a digital world, including knowledge of digital technologies, ability to articulate their use to a wider audience in the business, an ability to learn and adapt to changes in technologies, and to a motivation to ...

120 balance sheet reconciliations, stacks of spreadsheets, and lots of emails – month-end for Tyro Payments was a nightmare. That was until this fintech organisation adopted Blackline Reconciliation. In FY21 more than $25.5 billion in transactions were processed with Tyro, accounting for 24% of transaction volume Compound Annual Growth Rate. Considered the fifth largest payment processor with 600 employees, it only has about 18 people on the finance team. The rapid growth brought increased complexity, risk, and cost in their financial close and reporting processes. So naturally, the team was ...