IBM Planning Analytics (TM1) is a Financial & Operational Performance Management (FOPM) solution for automized planning, budgeting & forecasting as well as Dashboard capability all in one platform to help business plan and track their performance.
It is a robust platform to design industry specific models such as Banking, Insurance, Healthcare, FMCG etc. It works for all areas of an organisation to collaborate and integrate plans across finance, sales, supply chain, operations, HR and more. Highly customisable and flexible, it can handle and cater for the most complex business models from the most granular product SKU plans to comprehensive planning, Budgeting & Forecasting solution.
2) How do I know if IBM Planning Analytics is right for my business?
IBM Planning Analytics (TM1) has a proven track record of driving efficient and effective planning and reporting solutions across a wide array of industries and business sizes worldwide.
When you choose to partner with 1Direction Global, we first understand your business needs so we can recommend the right solution for you. Our team of consultants will work with you to identify the challenges and recommend suitable solution with Industry Best Practices to ensure the quickest return on investment. We also ensure the solution can grow with your business in the long term.
We are happy to provide a free customized proof of concept to help you ensure you make the right investment decision.
3) Why should I work with 1Direction Global to implement IBM Planning Analytics for my business?
As experienced finance qualified consultants (CA), Engineers etc., we understand the industry specific challenges such as manual process, duplicative work, no control, lack of understanding root cause etc.
We have implemented IBM Cognos Analytics and IBM Planning Analytics (TM1) for many businesses successfully. 1 Direction Global consultants have worked with a vast array of clients and industries and can bring that combined knowledge to deliver an innovative solution for your specific business.
We take time to understand your critical business drivers and design models using our best practice implementation methodology. We also ensure the finance team can maintain and manage the Planning Analytics models going forward in line with business changes. If you need any help after implementation, we are only a phone call away.
4) How much does IBM Planning Analytics cost?
The licencing model for IBM Planning Analytics (TM1) will depend on whether your business chooses cloud or on-premise.
With the cloud option, the pricing is an annual subscription and you can easily scale up or down to suit the changing needs of the business. As with all cloud solutions there are no hidden infrastructure or internal costs.
Planning Analytics is also available on-premise with the licencing higher in the first year when compared to the cloud option. However, the subsequent years are much cheaper. It is important to factor in costs associated with on-premise hosting.
1Direction Global can help you work out the pros and cons to decide which option is best suited for your business.
5) How long does it take to implement IBM Planning Analytics?
A planning and reporting model based on IBM Planning Analytics (TM1) can be implemented from as little as 1-2 months. Much of this will depend on the complexity and number of models to be undertaken. Our experienced TM1 consultants will work with you to identify the scope and what is achievable within your timeframe and budget.
At 1Direction Global, we will always undertake one or more scoping workshops before providing a detailed quote that clearly defines the deliverables and expected outcomes.
6) Why should we choose 1Direction Global?
Led by highly skilled, ethical & knowledge-driven team of individuals. Professionally Chartered Accountants, Engineers & Technical professionals with vast experience in Analytics and Business Consulting.
1Direction Global not only implement the models but also do the industry specific designing by using best practices.
We have a history of successful implementation of various projects in varied industries and a long list of happy customers.