IBM Cognos TM1 software


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

Supported Operating System(s):
Windows 7 , Mac OS , AIX , Web browser (OS agnostic) , Windows 8 , Windows 10

7 Reviews of IBM Cognos TM1

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  • Gerson from TECRA TECHNOLOGIES

    February 2018

    Trustworthy as TM1

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Luigi from Sansottera SAS

    Specialty: Consulting

    Number of employees: 1 employee

    January 2018

    The best budgetting sw ever seen

    Ease-of-use
    Functionality
    Quality
    Support

    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

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Nabeel from Salient CRGT

    Specialty: Government Contractors

    Number of employees: 1,001-5,000 employees

    November 2017

    TM1 Review

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Jeffrey from American Campus Communities

    Specialty: Real Estate

    Number of employees: 1,001-5,000 employees

    March 2017

    BI Product

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    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

  • Amanda from Construction

    Specialty: Construction / Contracting

    Number of employees: 11-50 employees

    October 2016

    Best Customer Service

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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

    Specialty: Education

    August 2016

    IBM Cognos TM-1

    Ease-of-use
    Functionality
    Quality
    Support
    N/A
    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.

  • David from Model Simply

    Specialty: Consulting

    August 2015

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

    Ease-of-use
    Functionality
    Quality
    Support
    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.

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