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Somewhat limited and outdated software
What do you like best about the product?
We use it for a lot of our accounting analytics. Once the query is created it can easy create a report for the end user.
What do you dislike about the product?
Actually manipulation of the data is easier and faster in software such as SQL.
What problems is the product solving and how is that benefiting you?
Accounting analytics
Recommendations to others considering the product:
Need to more easily pull data from other sources. Faster output without having to create report before seeing final result.
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Easy to navigate
What do you like best about the product?
I like the ability to be able to drill down
What do you dislike about the product?
I dislike the hierarchy for navigational purposes
What problems is the product solving and how is that benefiting you?
Financial reporting is much easier, saves paper
TM1 for Office Furniture Manufacturer
What do you like best about the product?
TM1 provides an integrated tool allowing business to pull financial numbers into an excel spreadsheet that can be used for reporting, analysis and forecasting.
What do you dislike about the product?
The system works extremely slow, especially when working with similar tools from other companies at the same time.
What problems is the product solving and how is that benefiting you?
TM1 provides various scenarios for quarterly forecasts and revised forecasts in addition to actual financial data and comparisons.
Recommendations to others considering the product:
Be sure to save often for fear of excel crashing when running TM1. Also make sure to have other programs closed and change excel formulas to manual (instead of automatic).
IBM and platform is adequate but slow.
What do you like best about the product?
Reliable in the sense that information has never been lost.
What do you dislike about the product?
We have many users on the platform simultaneously which causes it to slow down significantly.
What problems is the product solving and how is that benefiting you?
Generating budgets for clients - reliable, user friendly.
IBM TM1 - The best solution for your financial planning.
What do you like best about the product?
The product is incredibly flexible. You can find a way to do almost any requirement in it. I also like how it integrates with other IBM products like BI (Cognos Analytics). The excel functionality is also a must have for most finance users. We are upgrading to Planning Analytics and excited about the new excel and dashboarding functionality.
What do you dislike about the product?
Sometimes the product can but heads with itself (i.e. some load processes can cause the system to lock up, though this is gradually being improved with each release). The reporting aspect of it isn't super flexible even when integrated with BI. In my past experiences with it some higher ups will want to turn it into the end all/be all solution and hold every type of data for your reporting and your company. IBM can sometimes push this and it is certainly a database in it's own way, but it should not be treated as a fully encompassing data warehouse.
What problems is the product solving and how is that benefiting you?
We are using TM1 both as a financial planning and reporting tool. It is a fully encompasses solution for the finance business users. We upgraded it from Cognos EP which was incredibly slow and limiting. The speed gains alone are enough to upgrade, but TM1 really provides the flexibility to do everything the business users need. The fact that we can load data directly into it and report directly off of it saves a lot of time and delivers data to the users very efficiently.
Recommendations to others considering the product:
Take a look at what your current solution lacks and I am betting that TM1 can deliver it. If you are looking for speed, flexiblity, reporting or a variety of user interfaces then TM1 will provide all these and then some. I greatly enjoy developing for it and I have yet to encounter a financial planning or reporting request that I haven't found some way to utilize the software to fulfill.
Love the custom experience our implementation team created! TM1 made it possible!
What do you like best about the product?
Even though there are some hoops to jump through, everything our team has customized with this product comes out on spot. It continues to operate flawlessly once it is streamlined. Our entire community loves the overall product, and our reporting solution is now second to none. We've customized the product to meet our needs perfectly, and continue to prove we can do so as new needs arise.
What do you dislike about the product?
It can take a lot of testing to streamline new reports. Once they are perfected, things run so smoothly it's hard to remember all the effort that went into producing them, but it does seem to take some time to perfect the final product. TM1 allows us to do it pretty simply, however, so it's hard to complain when the solution comes out so good in th eend.
What problems is the product solving and how is that benefiting you?
We are solving multiple needs of our organization with this single product. We've been able to access multiple data sources and bring them together for a multitude of audiences in an easy to use product that our population truly understands and has started to come to embrace.
Recommendations to others considering the product:
Take your time and implement it right. Get good partners. You'll need them but it will be worth it!
Reasonably good software for forecasting
What do you like best about the product?
Enterprise wide access - fairly approachable. Good support in place.
What do you dislike about the product?
Very cumbersome to use when working with a significant number of inventory.
What problems is the product solving and how is that benefiting you?
Forecasting inventory and sales
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