How Does IBM Planning Analytics Meet the Finance Transformation Demands?

ibm tm1

In today’s modern approach for finance transformation, many leading organization or companies are utilizing the functionalities of FOPM (Financial Operation Performance Management) solutions like ibm tm1 or also known as IBM Planning Analytics.

In the present day, businesses need to know the importance of this software and how does it help the organization to transform their financial processes into an accessible and easy task.

Finance transformation objective is to build a financial analytics solution methodology that can unlock specific value across multiple offices of CFO (chief financial officer), COO (chief operating officer), etc. These infrastructure methodologies enable users to quickly understand and manage any financial matters that are relevant to the organization’s operations and activities.

Also, it enables users to do the following:

  • Able to work in a self-service methodologies
  • Able to work real-time if needed can leverage high data surge and data granularity
  • Can coordinate with relevant upstream and downstream processes and features such as Operations, Marketing, Sales, Treasury, Risk, and regulatory frameworks.
  • Can integrate with multiple cloud-based infrastructures to facilitate predictive analytics and several computing methods to decode further value from different unknown data.

ibm tm1

Accessible for Non-Technical Users

The high rise demand of utilizing self-service analysis in much financial analytics software creates an idea for every software development company to update their service: non-technical user should be able to access multiple data in a more open and understandable process that uses non-technological terminology as possible. To make it simple, this process requires to iterate technical and sometimes complicated data models into more familiar business terminologies and concepts like Accounts, Customers, Products, Time, Currency, Regions, etc.

Because of that, IBM Planning Analytics or also known as ibm tm1 gives the non-technical users ease of use with understandable data layer via cubes, hierarchies, and dimensions.

Users Have the Right to Choose Whatever Interface They Prefer

For the process of analysis and reporting, the methodologies should be displayed using a Web user interface or most commonly known as UI, same with Microsoft Excel. These UIs have the capabilities to provide convenience, easy-access platforms, and low-infrastructure blueprint.