Many Finance departments shortchange their enterprise performance management activities because they’re wasting time on manual tasks, such as collecting, validating and correcting data, to spend adequate time on the more important task of analysis. They rely on systems — ranging from spreadsheets to ERP solutions — that are disconnected, outdated, static, insecure, completely dependant upon IT, and lacking the performance and data reliability essential for today’s analytics. IBM Cognos TM1 transforms planning, budgeting, forecasting analysis and score-carding to establish a more dynamic, reliable performance management system.

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