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IBM Planning Analytics (TM1) - your planning, budgeting, forecasting, analysis, and reporting solution

The main reason our clients implement IBM Planning Analytics is to increase their efficiency in budgeting and planning processes. By reducing their reliance on spreadsheets, centralising their data and basing decisions on a trusted source, they develop a culture of continuous performance improvement. By saving 30% on cycle times, more time is available for deeper analysis and understanding, greater collaboration, and integration across the business. The benefits that fast, reliable and accurate data provides is transferred into better resource allocation, reduced costs and higher profitability.

Speed

Automate manual processes: accelerate your planning, budgeting and forecasting with the powerful multi-dimensional engine of IBM TM1.

Customisable workspace: provide an interactive, customisable workspace to cost centre owners and business managers for a consistent view of business performance metrics and KPIs.

Fast, thorough analysis: guided data exploration and natural language queries based on common business terms enable you to work with your data easily.

Automated visualisations: create clear, compelling graphics and integrated scorecards to help you share results with decision makers.

Agility

Cloud, on-premises, or mixed deployment: choose the deployment option that fits your needs and change when your needs change.

Flexible and scalable: start small and expand as your needs evolve. IBM Planning Analytics works for departmental solutions and scales across the enterprise as your needs grow.

Embrace and extend your spreadsheets: IBM Planning Analytics allows users to retain the familiar Excel interface, to design input templates and management reports, and provides write-back to IBM Planning Analytics.

Foresight

In-depth analysis: IBM Planning Analytics facilitates multidimensional planning and detailed, what-if scenario modelling. Hierarchy attributes allow more detailed analysis (e.g. analysing products by colour, size, weight, country or origin). Using the browser user interface (Workspace), you can quickly produce reports and analysis using the drag and drop features of the product. From bar charts to heat maps, word clouds and bubble charts, you can create compelling data visualisations in minutes, easily.

Business owned: IBM Planning Analytics solutions are designed and built by business users with minimal IT support.

Integrated Business Planning: link operational drivers to financial outcomes throughout the planning process – see the impact of assumption changes in seconds.

Uncover insights automatically from your data: IBM Watson Analytics brings statistical analysis capabilities for the non statistician, a code free solution that uncovers outliers in your data.

Applications

ICit works with our clients to design and build applications that deliver specific benefits. Whilst there are common requirements across clients, the devil is in the detail. The flexibility of IBM Planning Analytics means that we deliver a wide variety of custom applications including;

Planning: strategic 3 or 5 year planning applications, allowing fast what-if planning and scenario modelling.

Budgeting and Forecasting: driver based, zero based and rolling forecasts. Ability to manage multiple versions and compare against actual results with variance analysis. Typical solutions included an integrated P&L, Balance Sheet and Cash Flow, meaning that the impact of assumption changes are reflected across all financial statements – immediately.

Sales and Margin Analysis: whether you have hundreds or thousands of products, IBM Planning Analytics scalability produces analysis in seconds. Analysing sales and margin across multiple dimensions (products, services, customers, brands, colours, etc.) provides the business with insight to identify the Stars and the Dogs.

Workforce Planning: whether you plan by department or individual employee, our workforce planning applications give insight into the cost of employment, headcounts, resource requirements and recruitment strategies.

Supply and Demand Planning: identifying capacity requirements early in the planning cycle allows businesses to meet expected demand with the right resources.

Dashboards, Scorecards and KPIs: the scorecard functionality is one of the lesser known features of IBM Planning Analytics but is designed to allow businesses to create a “Balanced Scorecard”, tracking financial and non financial metrics.

Licensing

IBM Planning Analytics is available on premises and on cloud. Whilst there are several licensing options, the software has the same functionality, with one exception; IBM Watson Analytics is cloud-only and is not included in the digital starter version.

The main licensing choices are listed below:

On Premises

  • IBM Planning Analytics Express: for medium sized businesses or departmental solutions (up to 50 named users)
  • IBM Planning Analytics Enterprise: for larger enterprises

On Cloud (SaaS)

  • IBM Planning Analytics Digital: starter pack for 5-20 users with 32GB Ram
  • IBM Planning Analytics on Cloud (Standard): minimum of 21 users, includes 64GB Ram on multi-tenant platform
  • IBM Planning Analytics on Cloud (Premium): minimum 21 users, with up to 512GB Ram on single tenant platform

 

Why ICit?

ICit has unrivalled expertise and experience in designing and implementing solutions using IBM Planning Analytics (TM1) dating back to our first client engagements in 1999. At that time TM1 was owned by Applix, and ICit was a leading implementation partner in the UK. In 2007 Applix was acquired by Cognos, followed swiftly with IBM buying Cognos for $5 Bn in the same year.

Our heritage and focus has remained undaunted ever since as we continue to add value to clients by solving their planning, reporting and analysis problems using TM1. By choosing ICit you are in safe hands and can be confident of a successful project, every time.

ICit are experts in delivering business performance management solutions and helping our IBM clients deliver business benefits – fast.

 

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