IBM made significant changes to TM1 in the version 10.1 release. See demonstrations of the new functionality including *Graphical user interface which makes modeling more efficient and intuitive *Managed workspaces - where individuals each have their own dashboard to work with the data, remotely contribute to an enterprise plan, and share their personal data *Full integration to the Cognos Business Intelligence environment.
IBM Cognos TM1 v10.1 Demonstration and Planning Best Practices Overview www.senturus.com Helping Companies Learn From the Past, Manage the 1 Present and Shape the Future This slide deck is part of a recorded webinar. To view the FREE recording of this entire presentation and download the slide deck, go to www.senturus.com/recorded-webinars.php You will find this—and many other recorded webinars-- under the “BM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR “ 2 Today’s Agenda • Welcome and Introduction • Senturus Overview • IBM Cognos TM1 v 10.1 Demonstration • Financial Planning Best Practices Overview • Q&A 3 Presentation Slide Deck on www.senturus.com 4 Welcome and Introduction • Senturus – Greg Herrera, Co-Founder, CEO – Steve Chapman, Management Consultant – Chris Fargo, Office of Finance Account Manager • IBM Cognos – Michael Mackevicius, Technical Manager 5 Who is Senturus? • Consulting firm specializing in Corporate Performance Management – Office of Finance • Close, consolidate, report and file (CCRF) • Enterprise planning & budgeting – Business Intelligence – San Francisco Business Times Hall of Fame -- Four consecutive years in Fast 100 list of fastest-growing private companies in the Bay Area • Experience – 12-year focus on performance management – More than 1,200 projects for 500+ clients • People – Business depth combined with technical expertise. Former CFOs, CIOs, Controllers, Directors... – DBAs with MBAs 6 A few of our 500+ Clients 7 Demonstration IBM Cognos TM1 v10.1 To view a free recoding of this demo, go to www.senturus.com/recorded-webinars.php You will find this recording under the IBM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR section. It is entitled IBM Cognos TM1 version 10.1. 8 • Financial Planning Best Practices Summary • New Components in IBM Cognos TM1 v10.1 Helping Companies Learn From the Past, Manage the 9 Present and Shape the Future What do companies known for best results and best practices do differently? % More Data and Streamlined information delivery 32% Analytics Electronic data capture at the source 35% Systematic data cleansing and auditing 31% Business Risks in Performance Reporting 22% Process Employed Functional Best Practices 31% Utilized automated workflow tools 25% Measurement & monitoring of processes 41% Technology Common reporting platform 31% Common planning platform 22% 0% 20% 40% 60% 80% 100% Percent Adopted Disciplined Operators Value Integrators Constrained Advisors Scorekeepers Source: IBM Institute for Business Value, The Global CFO Study 2010 10 Relevant reference resources from Senturus www.senturus.com 11 Summary of FP&A Best Practices (“Do’s”) 1. Use one planning process . . . and reforecast frequently 2. Provide bottoms-up and top-down capabilities in planning models 3. Use a central planning data base for instant consolidation 4. Leverage and integrate planning across business areas 5. Distribute pre-close and final BvA reports within hours of completion 6. Automatically link account, department and product structure changes to planning models (via ERP’s, SOR’s or DW’s) 7. Support the end-users use of all appropriate business dimensions in their planning and analysis models 12 TM1 v10.1 Features vs. Best Practices 1. Use one planning process . . . and 1. Industrial-strength planning platform reforecast frequently (enterprise) with 64-bit, in memory capabilities for very large multi-dimensional cubes 2. Provide bottoms-up and top-down 2. Proportional spreads across dimensions capabilities in planning models 3. Use a central planning data base for 3. Workflow statuses for the entities and instant consolidation (enterprise) depts in organizational hierarchies 4. Leverage and integrate planning 4. *Modeling power to business end-users across business areas (dept’al) through Cognos Insight (data analysis and prototyping) 5. Distribute pre-close and final BvA reports 5. *Improved BI Integration 6. Automatically link account, 6. *Update dimensions with department and product structure Performance Modeler changes to planning models (via ERP’s, SOR’s or DW/DM’s) 7. *Utilize additional dimensions with 7. Utilize all appropriate business Cognos Insight dimensions in planning and analysis models (departments and functions) 13 Suboptimal Practices (“Don’ts”) 1. One annual, lengthy budgeting process 2. Provide only a bottoms-up planning method or model 3. Waste time chasing and consolidating distributed Excel workbooks 4. Risk silos of planning data 5. Close financial periods without line management input and distribute final BvA reports to line management weeks after closing 6. Rely on manual maintenance of planning solution structures 7. Limit planning or analysis model dimensions to General Ledger segments or only major business dimensions 14 IBM Cognos TM1 v10.1 New Components 15 Training Schedule and Details Here IBM Cognos TM1 v10.1: Analyze Data and Prototype Models with Cognos Insight (1 day) IBM Cognos TM1 v10.1: Develop and Deploy Planning Models with Performance Modeler (2 days) 16 Next Steps • The next TM1 webinar in the series – June 28 - What the heck is Cognos Insight? Planning, BI, or Both? • Cognos Insight for TM1 Planning • Cognos Insight for BI • Set up a call to discuss TM1 and Cognos Insight Licensing – Cognos Enterprise Planning (EP) to TM1 migration path – Cognos Insight included free in several existing license types • Cognos software support review – Recent clients have reduced support fees by 50% with right-sizing • Contact - Chris Fargo – firstname.lastname@example.org – 888-601-6010 17 This slide deck is part of a recorded webinar. To view the FREE recording of this entire presentation and download the slide deck, go to www.senturus.com/recorded-webinars.php You will find this—and many other recorded webinars-- under the “BM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR “ 18 Contact Senturus Senturus, Inc www.senturus.com email@example.com 888-601-6010 19 20 20 20
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