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Project Performance Management: Integrated Business Planning and IFRS 15 Compliance

Article posted by Mark Bodger - Thursday, 22nd June, 2017 / Events

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Many project based companies struggle with managing resources and forecasting costs to reduce margin erosion and slippage on projects. 

What’s also compounding the issue is a new accounting standard called IFRS 15 which needs to implemented by Jan 1st 2018 for all contracts not completed by this date.

IBM has successfully implemented project performance management deployments in Aerospace and Defence companies such as Thales, BAE, GKN Aerospace.  It is also deployed in construction companies such as Mace.

The event will explain how to implement an integrated business planning solution to give accurate financial profit statements and projections across a portfolio of projects with added insight captured through narrative reporting.

IBM Planning Analytics Workspace

Article posted by Mark Bodger - Monday, 21st November, 2016 / Best Practices

IBM Planning Analytics Workspace

We have created a new video to show you the power of the IBM Planning Analytics Workspace, we hope you like it.

With Workspace you can combine data from all your TM1 cubes into a single synchronised sheet (or dashboard). Users of any level of experience can author content for Web or Mobile consumption. Workspace supports a new Viewer that provides:

  • Web – the new user experience for web and mobile users
  • Self Service - drag and drop ease of use
  • Ad Hoc calculations - on the fly
  • Charts - over 25 chart types
  • Navigation Buttons - to manage and integrate applications

To view the video on YouTube click on the "View Video" button or click here VIEW NOW 

IBM Planning Analytics Local Product Launch

Article posted by Mark Bodger - Saturday, 29th October, 2016 / News

IBM Planning Analytics "Local"

IBM Planning Analytics is currently available as a SAAS cloud solution. However, in November, IBM is releasing Planning Analytics Local as an on premise solution. This new solution redefines Planning and Analysis with an infusion of Visual, Cognitive, and Predictive Analytics. The IBM TM1 technology serves as the cornerstone of Planning Analytics Local, continuing to provide you with the fastest and most scalable multi-dimensional data engine in the industry.

Invitation to TM1 Customer Days in September

Article posted by Mark Bodger - Friday, 2nd September, 2016 / Events

We are excited to announce the dates for our TM1 Customer events this year:

London - Friday 23rd September at The Rooftop Gardens in Kensington
Cheshire - Tuesday 20th September at The Mere Hotel in Knutsford

IBM Watson Analytics

Article posted by Mark Bodger - Tuesday, 31st May, 2016 / Best Practices

IBM Watson Analytics guided, automated output helps your team members find patterns and meaning within their data.

ICit Business Intelligence and Anaplan announce partnership

Article posted by Mark Bodger - Wednesday, 25th May, 2016 / News

We are delighted to announce our partnership with Anaplan. By joining forces with Anaplan, the Smart Business Platform that democratizes advanced decision-making power across the entire business, ICit will be able to offer clients a combination of industry-leading technology and expertise in BPM best practices.

Streamlining Forecasting and Reporting with Spirax Sarco

Article posted by Mark Bodger - Tuesday, 12th April, 2016 / Events

Do you want to reduce your financial reporting and forecasting cycle by 30% or more? ICit is hosting an event with IBM on 19th April at IBM Southbank and we are delighted to showcase Spirax Sarco as they descibe their journey from the familiar spreadsheet dependency to a brave new world using IBM Cognos solutions.

5 Steps to Better Budgeting and Forecasting

Article posted by Mark Bodger - Thursday, 31st March, 2016 / Best Practices

As you can imagine, being a CIMA qualified accountant I am no stranger to the budgeting and forecast process. Balancing the day job with the budgeting and forecasting cycles is an onerous task at the best of times. Whilst there is inevitably a lot of number crunching, debate and negotiation to be had, the ultimate challenge is the human factor. How do you persuade you non-finance colleagues to participate in the process for the good of the company? Whilst there is no silver bullet, there are certainly better ways to facilitate the process with better communication, better systems and better integration across functions to support collaboration.

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