IBM Cognos TM1 is an on-premise enterprise planning software system designed to assist businesses in planning, budgeting, forecasting, analyzing and scorecarding. The solution is available on both server-based 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 accessibility, remote users and employees distributed in multiple locations are able to engage and collaborate on projects and collectively compile budgets and forecasts. The 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.n-premise



8 Reviews of IBM Cognos TM1

Overall rating

4.0 / 5 stars

Showing 1 - 8 of 8 reviews

September 2018

Madhukeshwari from Winline Solutions LLP

Company Size: 11-50 employees

Review Source


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

September 2018

Awesome tool to manage budget and planning

Pros

Its multi task software, so no need to buy different software to manage your organisation planning, reports are exporting to excel so easily modify it as you wish

Cons

Bit difficult to setup, no more articles over the internet, you need to ask some techies for one time setup. Later anyone can handle it

February 2018

Gerson from TECRA TECHNOLOGIES

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

4 of 5

Customer support

4 of 5

Functionality

5 of 5

February 2018

Trustworthy as TM1

Predictive insights uncovered automatically with just a few clicks

Pros

It's powered by TM1 another great solution of IBM. Eliminate manual tasks derived from the constant and tedious use of spreadsheets. It provides dynamic planning and analytics workspace to model real-time scenarios. Once I export it to Excel as a formula driven file, all I have to do is edit the cell that it is pulling from and the result will vary depending of the desired result.

Cons

Must wait some time while files are processed. Also penalize heavily errors. But once is set the results are great.

January 2018

Luigi from Sansottera SAS

Company Size: 1 employee

Review Source


Ease-of-use

5 of 5

Customer support

4 of 5

Functionality

4 of 5

January 2018

The best budgetting sw ever seen

I devellopped twice TM1 and my customers were always happy

Pros

IBM Cognos TM 1 is the best solution for budgetting & modelling; it has a strong adherence to each budgetting process due to its flexibility

Cons

The price is a little high for those companies having small business; the interface could be improuved

November 2017

Nabeel from Salient CRGT

Company Size: 1,001-5,000 employees

Review Source


Ease-of-use

2 of 5

Value for money

3 of 5

Customer support

4 of 5

Functionality

4 of 5

November 2017

TM1 Review

TM1 is a great tool to have as long as the organization's system interfacing are setup to work reliably and the databases are designed to interface with each other. If these conditions are not ideal, then TM1 will not add as much value to the organization as it is designed to.

Pros

The biggest advantage of using IBM Cognos TM1 is the ability to fully incorporate budgets and planning into the accounting system and the ability to use Cognos and Costpoint and other softwares to expand, analyze and extrapolate these budgets, planning and forecasts.

Cons

TM1 heavily relies on data feed from other systems whether it be Cognos, CostPoint or T&E and any small issue during the data interface can skew the analysis and often result in errors and misleading financial analysis.

March 2017

Jeffrey from American Campus Communities

Company Size: 1,001-5,000 employees


Ease-of-use

3 of 5

Value for money

3 of 5

Customer support

3 of 5

Functionality

5 of 5

March 2017

BI Product

Pros

The overall product provides a central system and removes the need to purchase many different platforms.

Cons

The security setup is complex and difficult to do out of the box. Once setup, it works great with Acitve directory

October 2016

Amanda from Construction

Company Size: 11-50 employees


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

October 2016

Best Customer Service

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!

August 2016

Michael from Education affiliates


Ease-of-use

2.5 of 5

Functionality

4 of 5

August 2016

IBM Cognos TM-1

Pros

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.

Cons

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.

August 2015

David from Model Simply


Ease-of-use

4 of 5

Customer support

1.5 of 5

Functionality

4 of 5

August 2015

I've been a TM1 consultant and administrator for the past 5 years.

Pros

It is a very power tool if used in the right situation in the right way.

Cons

Ability to create complete UI and getting data out of it.