IBM TM1, Agentic AI & Finance Transformation Insights

As business implements more and more technology to streamline their operations the benefits of saving time, minimising costs, increasing productivity and better accuracy are starting to be realised. This means this is hardly a trend that will fade anytime soon. If you or your business are not 'there yet' it’s better to catch up now rather than being left behind with the rest of the competition. We've moved on from the times when cloud technology was an unknown territory for especially for Accounting and Finance but the industry players are now fully aware, prepared or in cloud. This leaves us ...

The last week have been great in that I have been grinding away at our Planning Analytics + Workspace work and preparing myself for workshops and presentations. I am happy with how it is progressing in terms of content and the approach that we are taking. Working from home for majority of the last week has been a saving grace too. The extra 2 hours I get that isn’t wasted in commute into the office is a gift. The transition from office environment back into the hibernation cave of home and actually being able to complete work productively I thought would be more of a challenge than I have ...

It has been an interesting last month of slow but steady improvement in my TM1 / Planning Analytics journey and soon I'll be off to to teach a small team about how to use Planning Analytics + WorkSpace (PAW). It should be interesting considering I am relatively new with the product and now have been tasked to teach others how to use it! I’m not too worried about it however, last week I spent sometime with the client and Martin; who's taught me that I can handle myself under those situations, especially with the knowledge he has given me and what I've learnt about the product. I think the ...

As a TM1 consultant, one of our challenging tasks is improving performance. Often dynamic subsets cause memory leakage and in turn affect performance. Let’s discuss, how to convert dynamic subset to static subset with an example. For Example, the “account1” dimension in SData instance has dynamic subset called “All Members”. Any operation done in the dynamic subset like delete/insert, will make subset has static. The below snippet of code to covert the dynamic subset to static (TI process can be downloaded in the bottom of the blog). Before running the above code After running the above code ...

Good bye 2017! We're about to set our new year resolutions, and ready to jump into 2018! Not without some hard earned rest though. Next year like every year though undoubtedly you'll come across the same problems as this year, and maybe a couple of new ones but it's this guide that I hope you read and come back to because when I've done so it has helped me. So.... In 2018, your 8 steps to SUCCESS will be 1) Get things done The first step as a manager or developer that you need to deploy is embodying a culture of accomplishment, which will help you as success leads to success. Next year let's ...

Loss vs Gain? As we know – one thing that is constant is change and in the technology the change is always for the advancement from current and improvising the existing features. IBM has made significant changes to its Financial Performance Management product and has rebranded TM1 to IBM Planning Analytics. Rebranding TM1 to Planning Analytics does not mean you are going to lose existing tools like Architect, TM1Web, Perspective, Performance modular, Insight etc. IBM has enhanced the existing tools and improvised them. Few among many are listed below. The Cognos TM1 Web UX is totally ...

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 IBM Planning Analytics is a fast, easy, flexible and complete self-service planning and analytics solution, build on a modern cloud architecture, using as its core, a new generation of the proven TM1 in-memory calculation engine. IBM Planning Analytics is available both as an on premise and cloud based solution. Below is the list of features added to the new version of TM1 aka IBM ...

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. Ok now some of you might ask How did you get there? Others might say well yes of course. I'd like to think that it’s not for any of the obvious reasons you might think of. Let's see. Not all problems will provide a eureka moment but a couple, even one on a particular subject can lead to the formulation of a business transformation initiative. Yes it's happened and while my heart ...

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 ...

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, ...

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. IBM's TM1 for Microsoft Excel brings the power and familiarity of Excel to the arena of modern enterprise performance management. Planning Analytics, on the other hand, enables business and financial analysts, line-of-business managers and others to explore and analyse data from a variety of different sources—including IBM Cognos TM1 and IBM Cognos Business Intelligence—without IT ...

Is your organisation not realising the full potential of your IBM TM1 implementation? A quick and easy way to increase your productivity, reduce cost and risk is to ensure your users are properly trained in your TM1 model. The best deployed TM1 models can have limited engagement and usefulness if your users are not using it properly TM1 models are built ground up and almost always unique to the organisation so a stock TM1 training usually does not help. 4 Key features of a effective TM1 training delivery Training is tailored to the needs of your users - Almost all TM1 models are unique to ...