IBM Cognos TM1 Training in Coimbatore

Why IBM Cognos TM1

IBM Cognos TM1 is an On-Line Analytical Processing (OLAP) software tool that provides analysis of data stored in a database. IBM Cognos TM1 is a client-server environment which stands for "Tables Manager 1". In this multidimensional analysis application a TM1 developer can also build complete planning, budgeting and forecast models, as the OLAP cube technology also supports write-back. The data is kept in a in-memory database and the formulas are kept in a spreadsheet.TM1 advices to analyze the data using up to eight dimensions. It consists of remote TM1 servers to which the following clients can connect: TM1 Architect, TM1 Client, TM1 Web Client and TM1 Perspectives. Cognos TM1 is Cognos 10 ready which means that TM1 cubes can be accessed via IBM Cognos Report Studio or IBM Cognos Analysis studio.TM1 originally was created by Applix, a company acquired by Cognos in 2007, just prior to the acquisition of Cognos by IBM later that same year.

IBM Cognos TM1 - FAST, Easy-To-Use Analytics For Finacial Performance Management

Features Of COGNOS Express

IBM Cognos TM1 version 9.5, which extends its inherent planning capabilities and further differentiates IBM’s mid-market business performance management platform from its competitors, includes the following new features:

• A new Cognos Express Planner module, for rapid deployment of managed planning applications,
• Simplified metadata modeling,
• Enhanced dashboards,
• New licensing flexibility that includes a cost-effective consumer role, and,
• An embedded OLAP server based on TM1
• IBM Cognos TM1 has received some of the industry’s highest ratings for helping organizations drive better business decisions, with faster implementation times and lower IT costs.
• Financial Performance Management within the Banking industry
• Interactive Budgeting and Planning
• Financial Reporting and Consolidations
• Forecasting
• Sales and Market Analysis
• Pricing
• Project Cost Reporting
• Financial Modeling
• Corporate Performance Management

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BENEFITS OF IBM COGNOS TM1

• Ease of use, thanks to a development environment that enables users to create sophisticated applications with no need for programming or traditional IT skills,
• A patented in-memory calculation engine that provides compact data storage and exceptionally fast performance,
• Model design and data access that presents business information in familiar formats,
• An intuitive, flexible approach, which enables users to easily express complex, multi-dimensional business rules.
• Built-in data integration capabilities to access IT-managed systems of record,
• Strong integration with IBM Cognos 8 Planning, IBM Cognos 8 Controller, IBM Cognos 8 Business Intelligence and IBM Cognos 8 Business Viewpoint
• Solution that is owned by Financial and Business analysts, with limited IT involvement, but consistent with IT's governance.
• Provides exceptionally fast performance for large, sophisticated models and data sets. The OLAP 64-bit technology of IBM Cognos TM1 meets even the most complex, multi-
• dimensional analytic needs of large-scale operations, so you can query data whenever you need tono matter how vast the data set may be.
• A multidimensional database and tools: Dimension elements and cube data can be loaded via Turbo Integrator Processes. In addition dimension elements can be extended with
• dimension attributes for reporting/analysis and regrouped through subsets. Multidimensional slicing-and-dicing, drill-down help you explore data fully and efficiently.
• Sophisticated modeling capabilities implementing the business logic, also referred to as Rules. These can be used to centralize custom calculations, override the default rollup
• behavior of hierarchical calculations and share data between cubes (e.g. a conversion rate lookup in a separate cube in order to report on different currencies).
• A choice of interfaces: Microsoft Excel, Web and the TM1 Contributor for managed participation.
• Adapts to your planning processes and rapidly incorporates best practices such as activity based management, driver-based planning and rolling forecasts.
• Personalized planning and analytics within a managed planning process through sandboxing.
• While you're planning, you're not just viewing plans, but you're dynamically building your own personalized what-if scenarios, sharing them with the team and using the best scenarios to make informed decisions.
• Workflow management tracks the entire planning process and gives you the status of every participant.
• Break-back or Spreading functionality provides rapid data entry at any level within a cube and allocates this input data to the leaf level elements in proportion to other data elsewhere, for instance previous year values or values in a lookup cube containing relative spread patterns.
• IBM Cognos BI Integration: TM1 can be used as a data source in Cognos BI.
• This means all Cognos BI Studio's, including Report, Analysis & Metrics Studio can access TM1 data.
• Cognos BI can enhance the deployment of a TM1 implementation by using standard Business Intelligence features like query and reporting, dashboards, analysis, scorecards, scheduling, distribution and alerts.
• Supports Single Sign-on with other IBM Cognos applications.
• In addition, role-based security supports multiple users and user types.