IBM Cognos TM1 is an enterprise planning software system designed to help transform planning cycles from beginning to end. The program is available on both server-based and and web-based platforms and is accessible on any connected mobile device.
With Cognos TM1, businesses gain access to multiple features including target setting, scorecarding, forecasting, budgeting, reporting, and analysis. Through the program’s mobile accessiblity, remote users and employees distributed in multiple locations are able to engage and collaborate on projects and collectively compile budgets and forecasts. The software system helps users analyze large data sets and create profitability models within guided modeling environments; Cognos TM1 also provides ways for users to monitor performance metrics by integrating scorecards with strategy management capabilities and view the progress that is made toward various objectives.
Jeffrey from American Campus Communities
Specialty: Real Estate
Employees number: 1,001-5,000 employees
The overall product provides a central system and removes the need to purchase many different platforms.
The security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory
Amanda from Construction
Specialty: Construction / Contracting
Employees number: 11-50 employees
IBM has the absolute best customer service. Each time we had an issue there was someone from their IT Support to help right away. We spoke with a guy named Steve once that fixed us up perfectly. Thank you IBM and thank you Steve!
Michael from Education affiliates
This product allows our Finance team to forecast. Being able to tie the data to our data warehouse allows our users to slice and dice the data they way that they need.
This product is hard to maintain at times. Being a place that doesn't have trained individuals on how to use this, we have to turn to outside vendors to help us out quite a bit. Doesn't seem to intuitive and is hard to finds information on the internet.
Look for something that will be a little more user friendly. Cognos at the time that we implemented was one of the few products on the market. There are a lot of options out there. Make sure you find the one that fits your environment the best.
David from Model Simply
It is a very power tool if used in the right situation in the right way.
Ability to create complete UI and getting data out of it.
This is really a planning, budgeting, and forecasting tool. Deviating too far away from it will cause problem. Also, make sure you pick the right business partner. Best practices are very important.