The BMA advantage

Forward-thinking companies that leverage new technologies and employ forecasting, budgeting and planning best practices, are quickly rewarded with more accurate forecasts, more timely budgets and more effective decision-making. Overall, they save time, reduce errors, promote enterprise-wide collaboration and foster a disciplined financial management culture that delivers true competitive advantage.

BMA has significant experience and expertise in all aspects of IBM Cognos TM1, a globally recognised ‘best of breed’ performance management solution that is flexible, nimble, easy to use, and speedily implemented.

We specialise in designing, developing and implementing tailored, enterprise-wide planning and reporting applications. These integrate all aspects of strategic planning, budgeting, forecasting and management reporting to provide solutions that are both powerful and pragmatic.

BMA has successfully implemented various analytical applications using IBM Cognos TM1 for many companies across a wide range of industries. In addition, our clients often ask us to review associated processes to make these more supportive of proactive management, more focussed on achieving strategic objectives and also cost less and help them save time.

More than just forecasting and budgeting software, IBM Cognos TM1 is an all in one enterprise planning and performance management solution. It provides a complete and dynamic forecasting, budgeting, reporting and analysis environment for critical company-wide performance and risk management activities. IBM Cognos TM1 is a powerful, accessible solution to enhance information delivery, helping to transform disparate data and reports into useful information that enables your company to make better and faster decisions.
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Say goodbye to those familiar Microsoft Excel budgeting or forecasting spreadsheet pains. IBM Cognos TM1 eliminates the barriers to effective planning and performance management with an integrated, dynamic planning solution that replaces limited spreadsheet-only processes.

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Get more detail by downloading our IBM Cognos TM1 product overview.
 

 

Contact BMA today if you believe IBM Cognos TM1 could change the way you do business.

Product overview and features

IBM Cognos TM1’s high performance software has the flexibility and power to meet changing business strategies and needs. It provides on-demand sales, operation and profitability analysis, financial analytics and flexible forecasting and modelling to enterprise-wide contribution from all business units.

With exceptionally fast performance for large, sophisticated applications and data sets, business models can be assembled and rapidly tested for various scenarios to ascertain which are achievable, competitive and profitable.

Key features

IBM Cognos TM1 delivers several unique features that combine to make it the ideal solution for your Office of Finance. These include:

• Enabling driver based budgeting and rolling forecasting.
• Providing instant outcomes when changes to a foreacst or budget are made.
• Integrating with any underlying General Ledger or other source system.
• Enabling alignment of long and short-term plans and reporting.
• Delivering highly automated processes to free professional staff from mundane tasks for higher value duties.
• Adapting to your business processes so that you can work with business information in familiar formats.
• Collecting input from systems and staff from all divisions and locations, quickly, consistently and automatically.
• Enabling advanced personalisation to test an unlimited number of ad-hoc alternatives in real-time.

Business benefits

Most finance departments complain that their forecasting and budgeting takes far too long. In addition, budgets and forecasts are usually scattered across multiple spreadsheets, often resulting in errors and different ‘versions of the truth’. This makes it difficult to integrate budgets and forecasts with other data for reporting.

In many companies the budget is also developed in isolation from strategic planning and is linked in a tenuous way to the business's strategic objectives.

Cognos TM1 delivers efficiency gains and a common framework for communication about the business. This improves engagement with managers in the decision-making process, fosters better control over the day-to-day running of the business and provides continuous planning for greater responsiveness.

Your common frustrations are easily solved with a range of sophisticated product capabilities that allow you to:

• Considerably improve forecasting, budgeting and planning and dramatically reduce cycle times.
• Develop timely, reliable and customised forecasts and budgets.
• Rapidly analyse data and model business requirements for your entire business.
• Align your financial and operational forecasts and plans in one connected, integrated solution.
• Provide finance and lines of business with total control over the budgeting, planning and forecasting process.
• Forecast and budget with confidence for better business outcomes.