Solutions

Planning in Cognos TM1

Transform your planning cycle with Cognos TM1

IBM Cognos® TM1® is an enterprise planning software that can radically transform your entire planning cycle, from target setting and budget rollout all the way to reporting, analysis and reforecasting. With Cognos TM1, you can rapidly analyze data, model business requirements and collaborate on plans, budgets and forecasts to uncover hidden business options and optimize performance.

Our solutions

  • Powerful analysis - Create and analyze sophisticated budgeting models and forecasts, even those based on large data sets.
  • Flexible modeling - With a guided modeling environment, your business owners and analysts can develop and deploy even your most complex planning models.
  • Collaboration with many users - Include input from thousands of users across the organization – exchange commentary and documents.

Approach

As dedicated and flexible planning, budgeting & forecasting
(PBF), and reporting solution, IBM Cognos TM1 fits seamlessly
within Deloitte Consulting’s Integrated Performance
Management
offering. We offer guidance and assistance on all
of the elements that are part of a project intended to design,
develop and implement an IBM Cognos TM1-based solution for
your operational, financial and strategic plans, budgets, forecasts
and/or reports:

  • Functional and technical analysis of user and system requirements;
  • Conceptual modeling and design of the dimensionality and business logic related to the PBF solution and model that fit your needs;
  • Iterative development through prototyping and highly interactive workshops to ensure that the end-result meets every defined requirement;
  • Detailed user- and system-acceptance testing following pre-defined business scenario’s and scripts;
  • End-user and administrator trainings to ensure a proper handover and knowledge transfer of the model;
  • Guidance and assistance on the integration within the existing functional and technical landscape, including interdependencies and interfaces with existing tools;
  • Strategic and tactical advice on potential roll-out plans and roadmaps across the organization.

We provide a complete service on the full implementation cycle but also fit these kinds of projects into a larger picture, tackling not only the model but also looking at system installations & setups, business process optimizations, organizational change management, and long-term strategic opportunities to further improve your finance community.

Client benefits

With a dedicated and stable solution for future planning, budgeting and forecasting provided by the IBM Cognos TM1 technology, your organization will be able to:

  • Benefit from a powerful, in-memory calculation engine, allowing you to process even more data and complex calculation logic;
  • Centralize all plans, budgets and forecasts into one company-wide repository containing the single source of truth, thereby avoiding a wide spreading of numerous Excel-files;
  • Automate some very error-prone and laborious activities such as consolidating different inputs into an overall view on the company’s main financial figures and results;
  • Integrate with different source systems on a very frequent basis allowing you to compare previous budgets and forecasts with achieved results;
  • Implement driver-based (sub-)models, limiting the manual input to the key parameters driving your results and automating the subsequent calculations;
  • Spend more time on analysis and what-if scenario modeling, which will lead to better, faster and more accurate budgets and forecasts.