All About Tm1
TM1 is software from Cognos, an IBM company, which is basically an OLAP engine for real-time analytical processing. The 32-bit and 64-bit technologies that are used have efficient memory resident methods for consolidating, viewing and editing data. TM1 can handle vast volumes of multi-dimensional data and can be used for complex business analysis and planning. The software has a proven track record for supporting financial performance management.
TM1’s popularity can be credited to its speed and easy-to-use interface. In fact, TM1 is said to have the fastest data load and pre-calculation time available across the industry in any software. The software takes approximately around two and a half months to be implemented, which also makes it an economical choice for business owners. Any other vendor software would take at least 4 to 5 months to be implemented.
The software offers a huge array of ‘what if’ situations to facilitate your analysis and lets you do your planning, budgeting and forecasting accordingly. It is perhaps one of the very few software that presents all the bank’s MIS needs vis-à-vis tools for analysis, presentation and reporting. It also includes scorecards and dashboards. Along with these, it also provides a write-back capability to data – something very uncommon in any other OLAP software.
Goal achievement, reduced IT cost and the fastest implementation time are some areas where TM1 stands to score top ratings while compared to its competitors. If you are eager to learn more about the software TM1, then you can refer to www.cubewise.com
About the Author
Helena Paulson is a business planning, reporting and analytical applications consultant and has been providing solutions in the particular fields for her clients for the past 14 years.
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