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 quarters to months, access and security of data and more. Many improvements can be gained from this process automation.

Some of our customers previously used Excel spreadsheets for budget planning, and the process took more than two months. However, after switching to Planning Analytics, they could do it in a week. And they were able to do multiple projections, like optimistic, pessimistic, realistic, etc.

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.

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, reporting and analysis during the budgeting process are handled with TM1 properly.

Our clients really like it because they're able to do their budgeting, planning, and forecasting using it. It connects to their Cognos dashboard. We do the integration between different technologies with Cognos and TM1. We also do predictions with SPSS.

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 wasting time creating operation jobs.

In terms finance the return on investment (ROI) can be increased. What-if analysis and business modeling options which users can run without IT involvement