IBM Cognos TM1 Reviews

4.4 out of 5 stars
 (5)
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Ghislainlamy
Consultant
BI Expert at a consultancy with 51-200 employees
Jul 27 2016

What is most valuable?

This product is entirely designable and flexible, you can answer to very complex requirements. Cognos TM1 is particularly adapted to Budget planning. You can input data and comments easily. Real time calculation, TM1 calculate reports in real... more»

How has it helped my organization?

As a consultant I implemented this product in many organizations, mainly in finance departments. Their reporting and budgeting processes were improved at several levels: Time saving to produce the reports, budget/forecast cycle shortened from... more»

What needs improvement?

The product need to be more integrated. It is easy to be lost in all the Cognos suite and to make them communicate/connect it to TM1, and the pricing is too complex too. TM1 is a bit expensive, especially for small companies who shoud look... more»
38591c82 f886 42a3 afc8 b742e8a8afa9 avatar?1443686048
Consultant
Managing Consultant/Director at a tech services company with 51-200 employees
Sep 29 2016

What is most valuable?

It provides all the required functionalities for Financial Performance Management, such as planning, budgeting, forecasting, consolidation and dimensional reporting and analysis. TM1 is actually a modeling tool that allows us create our own... more»

How has it helped my organization?

We have been using this software to implement solutions in many different areas of business. For example, in budget applications, it helps a lot in running the budgeting process properly. All budget inputs, calculations, submissions,... more»

What needs improvement?

The CAFE Excel plug-in needs to be improved to handle all the features of older TM1 Perspectives plug-in for Excel. CAFE is an Excel add-in that allows interacting with TM1 data from within Excel, especially for generating Excel-based reports... more»
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Anonymous avatar x80
Real User
IT Analyst at a tech consulting company with 1,001-5,000 employees
Apr 10 2017

What is most valuable?

The most valuable features are the TM1 Perspective client and the storage of data with write-back ability. Since most businesses are familiar with Excel, they are easily able to use this tool. Also, calculations are faster compared to any... more»

How has it helped my organization?

This tool is able to promptly consolidate all business unit data for enterprise-view and understand the area of improvement, instead of a traditional Excel-based disparate solution.

What needs improvement?

Data visualization and development interface are areas which need to be worked on. Improvement in data visualization Currently in TM1, web and perspective data is visualized with limited dashboarding capability and also for creating fancy... more»
5c81633b 94ef 4518 bf5d 9e9d1f198950 avatar
Consultant
Business Intelligence Consultant - IBM Cognos at a tech services company with 51-200 employees
Sep 20 2016

What is most valuable?

This software uses in-memory processing, so performance is a strength, as are the flexibility to make development changes and the facility to learn the programming language.

How has it helped my organization?

I work at a company that implements this software for a lot of clients. The clearest improvement is that, after the implementation, the clients have a lot of more time to analysis their results and make strategic decisions, as opposed to... more»

What needs improvement?

I think the software front-end on Cognos Contributor should be developed further to provide the final user with a better and clear design. The view where the user makes inputs and analyses data is not user-friendly.
Anonymous avatar x80
Real User
TM1-Senior Consultant at a tech services company with 51-200 employees
Feb 26 2017

What is most valuable?

* Flexible: You can do almost anything you want * Can be combined with other software * Calculates values * Decides who can write and read the values * Can be used to design your reports, almost exactly as you want * Can be used to plan/analyze/report anything. If you miss some stuff, you can program it and combine it with TM1. I don't think there are many tools... more»

What needs improvement?

The surface design needs to be improved. The disadvantage is the old-fashioned surface of IBM Cognos TM1. I would like to see a more modern design for IBM Cognos TM1 Perspectives/Architect. It is not as modern as some of the other products with which you can do your analysis and planning.

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What is IBM Cognos TM1?

IBM Cognos TM1 is an enterprise planning software platform that can transform your entire planning cycle, from target setting and budgeting to reporting, scorecarding, analysis and forecasting. Available as an on-premise or on-cloud solution, and with extensive mobile capabilities, Cognos TM1 enables you to collaborate on plans, budgets and forecasts. You can analyze data, and create models to reflect a constantly evolving business environment.
Also known as
Cognos TM1
IBM Cognos TM1 customers
ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
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