The best way to break through the limits of spreadsheets is with IBM Planning Analytics / TM1.
But what is it? Why is it so groundbreaking?
And why are spreadsheet enthusiasts the first ones to fall in love with it?
IBM Planning Analytics / TM1 is the ideal technology for applying spreadsheet-centric budgeting, forecasting, financial reporting, and literally any spreadsheet-based analytical application at an enterprise scale. The software combines the freedom, flexibility and familiarity of spreadsheets with the power and control of an enterprise database.
It uses the same cell-oriented concepts as spreadsheets but can support collaboration among thousands of users, using terabytes of data and deeply complex modelling to match real-world business needs.
Manny Perez is the creator of the software, which he describes as the first ‘Functional Database’. Manny was one of the first visionaries to exploit in-memory computing back in the early 1980s and he designed TM1 (as it was then called) from the ground up specifically to solve complex, forward-looking business modelling problems associated with budgeting, forecasting and financial reporting.
TM1 works in a cell-oriented way just like spreadsheets.
In the same way that any cell in any spreadsheet workbook can be a function of any other cell in any spreadsheet workbook, in IBM Planning Analytics / TM1, any cell in any cube can be a function of any other cell in any cube.
In this way, the software is a natural evolutionary step after spreadsheets – providing the intuitive power and flexibility of spreadsheets and scaling it to the enterprise.
Like spreadsheets, IBM Planning Analytics / TM1 is valuable to business users because it allows them to combine multiple data sources along with user input to create the business models that underpin real business decision-making.
IBM Planning Analytics / TM1 is far faster than any competing technology in the FP&A market for budgeting, forecasting and financial reporting.
It uses a very efficient, patented data compression algorithm to fit a large datasets in very small amounts of RAM.
You get instant results because the software is smart enough to calculate changes made only. It doesn’t recalculate the entire data model every time a value changes.
The real-time calculation capabilities keep your information current for all users. Any user can make a change and everyone sees the result instantly. This allows for coordinated and fast collaboration. No more waiting. Real-time calculations give you much more time to focus on the things that really matter for your business.
Is this the solution you’re looking for? Well, why don’t you find out?
Get in touch today and let’s see if IBM Planning Analytics / TM1 is a solution your organisation can benefit from.
