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C2020-703 IBM Cognos TM1 10.1 Administrator

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C2020-703 exam Dumps Source : IBM Cognos TM1 10.1 Administrator

Test Code : C2020-703
Test name : IBM Cognos TM1 10.1 Administrator
Vendor name : IBM
: 60 real Questions

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IBM IBM Cognos TM1 10.1

Revelwood becomes First IBM accomplice international to obtain IBM Cognos TM1 Gold Accreditation | killexams.com real Questions and Pass4sure dumps

PARSIPPANY, NJ--(Marketwired - Aug 7, 2013) - Revelwood, an IBM Premier enterprise companion and leader in designing and imposing IBM enterprise Analytics purposes, announced these days it's the first IBM company companion worldwide to win IBM Cognos TM1 Gold Accreditation. The company completed this by using working with lots of of purchasers on successful IBM Cognos TM1 efficiency administration and analytics functions.

"Revelwood is one in everything IBM's longest standing companions working with Cognos TM1," mentioned imprint Enslin, enterprise Analytics Accreditation software manager, IBM. "This accreditation is a testament to the depth and breadth of Revelwood's potential in helping their consumers win the most desirable disburse of IBM Cognos TM1 -- which translates into enhanced resolution making and measurable industry merits."

The IBM Cognos TM1 Gold Accreditation is a participate of IBM's software drill Accelerator, which turned into launched in early 2013. This application is designed for IBM company companions to accelerate and raise their means to successfully invoke options which leverage IBM utility. to breathe able to win this accreditation, Revelwood needed to accommodate 15 practitioners licensed on quite a few elements of Cognos TM1 and had IBM overview and validate a cross-part of successful Cognos TM1 deployments Revelwood has delivered to their valued clientele.

"This fulfillment is directly concerning their stringent requirements for Revelwood consultants to accommodate in-depth and palms-on potential of Cognos TM1," stated Ken Wolf, President and CEO, Revelwood. "The regular size of time their consultants had been using Cognos TM1 is eleven years. This deep event is why Revelwood is in a position to carry wonderful efficiency administration and industry analytics purposes on-time and inside cost range."

extra IBM Awards

The IBM Cognos TM1 Gold Accreditation is only one of a few prestigious honors Revelwood has earned from IBM. Revelwood become awarded the 2013 IBM company Analytics means Authorization industry companion fulfillment Award, which acknowledges IBM industry companions who accommodate tested excellence in offering company cost with enterprise Analytics, Predictive Analytics, industry content management and suggestions administration utility. Revelwood became chosen from enterprise companions worldwide who accommodate offered "ingenious options and grotesque client value" for the Revelwood™ BPM Suite, an out-of-the-field implementation accelerator for enterprise economic planning and reporting.

Revelwood additionally gained the 2011 IBM Beacon Award in the surprising enterprise Analytics Innovation category for the Revelwood BPM Suite. Winners of the Beacon Awards are selected from greater than ninety five,000 enterprise companions worldwide through main industry journalists, analysts and executives for 27 award areas. 

About Revelwood Revelwood is an IBM Premier enterprise confederate offering implementation functions, practising and lead that carry ease, precipitate and adaptability to economic planning and reporting, enterprise intelligence, fiscal governance and income performance administration. Combining IBM Cognos company Analytics software with greatest practices and pre-configured, out-of-the-box applications dote Revelwood's BPM Suite™ and performance Toolkit™, Revelwood helps agencies to precipitate up the constructing and deployment of performance management solutions. a total bunch of a hit implementations and proven ROI for dozens of Fortune 1000 and mid-market organizations are just a number of motives corporations gyrate to Revelwood for their performance management wants. more information on Revelwood can besides breathe acquired through touring http://www.revelwood.com or calling 201.984.3030.


IBM Cognos Unveils Revamped TM1 OLAP Stack | killexams.com real Questions and Pass4sure dumps

IBM Cognos Unveils Revamped TM1 OLAP Stack

TM1 isn't going any place, IBM Cognos continues -- although huge Blue hasn't yet dominated out altering its manufacturer.

  • through Stephen Swoyer
  • 09/10/2008
  • it breathe been an extended and queer street for the venerable TM1 OLAP engine, which has twice changed possession over the ultimate 10 months.

    First, in October of 2007, TM1's developer -- the previous Applix Inc. -- changed into bought with the aid of Cognos Inc. lower than two months later, Cognos was itself acquired via IBM Corp. given that then -- and regardless of guarantees by both accomplish revise by Applix valued clientele and leverage TM1 as the centerpiece of its Cognos monetary efficiency management (FPM) platform -- issues went murky on the TM1 entrance.

    except this week, that's. nowadays, IBM Cognos introduced a fresh edition 9.four update for TM1, touting the anticipated efficiency and usability enhancements, together with fresh internationalization improvements that, officers argue, originate from powerful Blue's stewardship of the Cognos and Applix brands.

    TM1 is never going anywhere, officers remark -- however IBM hasn't yet dominated out changing its company. in addition, despite the fact that IBM Cognos is arduous at travail incorporating TM1 into its BI and PM products -- a technique that includes each integration and reconciliation -- "legacy" Applix customers will nonetheless breathe in a position to purchase the bread-and-butter TM1 OLAP engine, by pass of TM1 MidMarket edition, which IBM Cognos plans to market to SME varieties.

    "We're providing a dedicated mid-market providing," says Applix veteran Joe Pusztai, now product advertising supervisor for TM1 with IBM Cognos. "we are very a powerful deal dedicated to preserving the skill to disburse TM1 in a standalone, all-in-one potential. We're now not ever going to win consumers purchase application that they don't want."

    Pusztai pointers that the TM1 brand itself may depart away: "The TM1 identity may now not really carry forward. They soundless haven't determined about that, but the specific technology itself … that [is something] they can continue to rear forward" on a standalone basis," he asserts.

    TM1 edition 9.1 was a relatively ripen product when Cognos picked it up final year. then again, Pusztai says, there may breathe at everything times scope for growth. Enter TM1 9.4, which boasts a few improvements, starting with a duty (active forms) that smacks of the Dynamic Slices skill which Applix delivered in TM1 9.1.

    there's a explanation for that, he acknowledges. "That [Dynamic Slices] skill has been more suitable vastly in the 9.4 unencumber below a characteristic known as dynamic forms." Pusztai describes energetic kinds as "simply a version 2.0" update for Dynamic Slices, enhancing upon its predecessor in a brace of respects -- e.g., enabling entry by means of TM1 web client periods (Dynamic Slices is Excel-simplest), supporting system-based mostly row definitions (Dynamic Slices helps subset-most effectual definitions), the usage of Excel's autochthonous formatting metaphors to carry "plenty-better report formatting, and supplying aid for server-side zero suppression capabilities.

    This remaining is a great growth over Dynamic Slices, which first pushed records perquisite down to the client earlier than filtering it. This led to appreciable bloat, Pusztai keeps. "we'd ship everything of the information down the wire after which the customer would filter it, as opposed to what we're doing now, [which is] suppressing it at the server, so that that statistics under no circumstances goes down the wire," he explains.


    How they applied enterprise Design thinking to build an information science event in Cognos Analytics | killexams.com real Questions and Pass4sure dumps

    we would just dote the potential to embed Python, R or Spark code inside Cognos Analytics… this could permit us to prolong the functionality past what comes out of the container of Cognos or even Watson Analytics and truly win this an impressive BI and analytics device.

    So the enterprise purpose was basic — skate to the station the puck is going to breathe because the market grows. They want to give their industry consumers an halt to halt adventure and gear the station their information science teams and techniques can mature.

    research

    the first step changed into to more suitable admiration their users and validate some of their assumptions.

    Persona evaluate one of the most options and questions captured everything over their initial persona overview

    records science is fresh to Cognos, however other products inside the IBM Hybrid Cloud household accommodate done travail in this space. They leveraged their persona analysis as a starting point to more desirable accommodate in intuition Chris –- their data scientist and first persona.

    The 2d step become aligning around their secondary clients, Lucas and Emette. existing Cognos users definitely to travail carefully with information scientists in their org.

    user research

    the usage of one of the crucial questions they generated from their persona overview, installation a number of customer interviews. They wanted to improved breathe awake their present records science workflow, the dimension and distribution of their teams and what their current workflow looked like. perquisite here’s are some highlights from what they found:

  • essentially the most conventional device by using some distance turned into Jupyter Notebooks.
  • the most regularly occurring language with the aid of a match margin become Python, with R being second.
  • Most of their travail involved cleaning and shaping information to breathe used by pass of the relaxation of the business, but the want of a unified environment posed challenges for information governance, version manage of property and even easily sharing and access.
  • producing visualizations of the statistics became a secondary however nevertheless faultfinding project in their work.
  • The means to win disburse of code within their latest IBM Cognos Analytics atmosphere would besides allow them to automate many labour intensive projects they execute manually nowadays.
  • Our consumers desired to leverage their own computing device learning algorithms in their predictive work.
  • Market landscape

    We additionally looked on the leisure of the industry to stare how their competitors similar to Tableau and energy BI stacked up. What had been the gaps in their solutions, the station did they accommodate an occasion to differentiate their personal strategy, and how might they add cost via integrating with different IBM items.

    For both Tableau and energy BI, the integration limited and not scalable for deployment across giant companies. They additionally identified some potential security issues.

    We determined to align ourselves as intently as they may with Watson Studio as a result of frankly — based on their analysis, they got it correct. Their integration of existing data science materiel involved a light-weight contact. any individual conventional with Jupyter would feel perquisite at domestic, and clients might with no vicissitude usher in backyard assets and continue their work, instead of breathe compelled to learn a brand fresh device. Aligning with Watson Studio would besides assist breathe positive a smooth glide direction for their customers between Cognos and the leisure of IBM’s laptop learning concentrated items.

    Aligning round a common vision

    as soon as they had a basic, shared figuring out of the company needs and alternatives, in addition to their users and their needs, they essential to position this into motion and align on a separate vision for their MVP.

    Writing hills

    if you’re now not customary with the strategy of hills, they’re probably the most keys to industry Design considering at IBM, and the pass their groups work. which you could study greater about them perquisite here, however briefly:

    Hills are statements of intent written as significant person outcomes. They uncover you the station to go, now not a pass to procure there, empowering teams to explore breakthrough ideas with out dropping sight of the goal.

    feel of it dote a wants observation on steroids. everything hills accommodate three accessories:

    The Who: who's your goal consumer?

    The What: What problem are you fixing, or what are you enabling them to do? what's the user outcome?

    The Wow: What’s the market differentiator? What makes this respond pleasing and impactful to your users (and in flip to your enterprise)? The wow should breathe concrete and measurable.

    here’s some examples from the above hyperlink.

    one other factor about hills — they are live documents. A hill’s fundamental goal isn’t to act as a commandment set in stone. It’s to retain teams aligned around a shared, person focused outcomes. it could possibly and may breathe subtle or even changed everything collectively as their figuring out improves.

    Above are the hills they first got here up with, going from sticky notes to a primary draft. under are the selfsame hills after a few revisions over time.

    Wrapping issues up and finding out what they don’t comprehend

    while the research was an ongoing effort, the bulk of the above travail become tackled over a multiday kick off workshop I ran with my dev team and their PM in Ottawa.

    After they had written the first draft of their hills, it was time to investigate next steps. What were the issues pile could start on automatically, and what issues nonetheless vital investigation? As they discussed, they kept uncovering further and further questions.

    I asked my teammates to write down their questions down and keep them up. as soon as everything of the questions had been up, they drew a grid, then mentioned, grouped and prioritized each and every question.

    this is principally effectual in instances the station groups are dealing with loads of ambiguity. Doing this now (and following it up everything over sprint retros), helps groups participate expertise, capture into account the risks, prioritize what wants attention and (confidently) retain away from nasty surprises in a while.


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    Beyond Retention: Colleges Expand Data Analytics to industry and Finance Operations | killexams.com real questions and Pass4sure dumps

    At colleges great and small, powerful Data is much more than a buzzword. Nearly half of higher education institutions are harnessing it to boost retention, employing predictive analytics to identify students who may breathe at risk in hopes of keeping them stirring toward graduation. Yet increasingly, colleges are leveraging data analytics to forecast their revenues, target fundraising efforts and streamline industry operations.

    Jon Allen knows the breadth of data analytics firsthand. As the CISO and aide vice president at Baylor University in Waco, Texas, he and his team took Splunk software and turned it into a Swiss army knife for managing data across a network of more than 20,000 machines.

    Jon Allen, CISO, Baylor University.

    Allen began using Splunk on a diminutive scale about four years ago, simply to comply with peripheral component interconnect requirements for network log monitoring. But the longer the university looked at Splunk, the more ways they establish to disburse it, he says. What began as a straightforward application grew into a software license that now consumes 400 gigabytes per day

    For example, Baylor uses Splunk to slash turnaround time on help desk queries, such as assisting users who are locked out of their accounts. Now, instead of spending hours poring over logs for each domain controller, server admins can cast them into Splunk and find the respond in minutes.

    “This is basically Google for your machine data,” says Allen. “ ‘How am I going to understand what is going on with everything these logs?’ That’s what Splunk does.”

    Data Provides a lucid Vision into Operations

    As CISO, Allen uses Splunk to anatomize network logins and correlate threat data between the server logs, firewalls and intrusion prevention systems. Baylor has even used Splunk data to forecast the best places to install access points as its wireless network expands. More recently, Baylor has brought in logs from some of the 130-plus cloud services it has deployed, such as Box, CrashPlan, Duo and Fischer IDM.

    “Now they accommodate visibility into their hybrid data center,” says Allen. “I don’t custody if something is happening in the cloud or on-premises. I can view what’s going on inside my organization.”

    Allen says that Baylor has barely tapped Splunk’s potential for predictive analysis across a gain of university departments interested to capture handicap of its capabilities. The real value of Splunk, Allen says, is its ability to deliver not only information, but insight: “I can accommodate gigs and gigs of data — who cares? But if I can actually win something meaningful and actionable out of that data, that’s important.”

    Addressing the Retention Question

    Many universities are just starting to capture handicap of powerful Data tools, says Alan Duncan, a research director at Gartner. Others are soundless at the talking stage.

    Much of the discussion centers on how to ensure students remain in college long enough to complete their degrees, he says. By tracking data such as students’ test scores and flush of engagement in online learning environments, institutions hunt to identify students at risk and intervene before it’s too late.

    Retention rates besides accommodate staid monetary implications: If students drop out, a university could lose out on tuition payments. Beyond that, it costs more to recruit a student — cogitate marketing, travel and administration expenses — than to retain one. In the long term, students who don’t finish college are less likely to pay off their student loans and to back an alma mater as donors.

    “There are both academic outcomes and institutional outcomes, and the two can breathe uncomfortable bedfellows,” Duncan says. “Institutions are interested in the welfare of students, but they besides accommodate to procure paid for the educational services they provide.”

    Analytics for monetary Forecasting

    Budgeting and monetary forecasting are the primary reasons that Northwestern University outside Chicago uses IBM Cognos TM1, says Lauren J. Pahnke, senior systems analyst for Northwestern’s finance, facilities and research administration systems.

    In preparation for each fiscal year, every department submits a projected budget. These are entered into Cognos TM1 and imported into the university’s monetary system, where adjustments can breathe made once the fiscal year begins, Pahnke says. The university then brings budgets and actual numbers back into TM1’s forecasting application, which departments disburse to track their financials over the course of the year.

    “We used to accomplish everything this in Excel,” she says. “But it’s just not maintainable. Now they can view the detail going into people’s calculations, where the numbers came from and what their assumptions were. Before TM1, they couldn’t see any of that.”

    In 2015, Northwestern added a tuition forecasting module that lets managers of academic programs enter an estimated head signify and tuition rate, then project what a program’s revenue will stare dote and where it will flow, says Pahnke. However, adoption of that forecasting instrument has been slower than anticipated.

    “We hope people will disburse it because this is the benevolent of thing TM1 is very noble at,” she says. “I cogitate there’s a powerful exigency for it, but it’s harder for people to win that transition. Their central budget office definitely sees the value in it.”

    Need for precipitate in Solving IT Issues

    In the future, data analysis applications are likely to become more varied as staff in diverse departments recognize their potential. For now, the biggest repercussion of solutions dote Splunk and Cognos is often felt in IT departments, particularly when such tools enable teams to accomplish more with fewer resources.

    At Laguna College of knack + Design in suburban Los Angeles, for example, a two-person IT staff is amenable for approximately 1,000 students, staff and faculty. LCAD uses Splunk as a force multiplier, automating the collection and analysis of network log files, says Shawn Tetzlaff, the academic computing administrator.

    With Splunk, Tetzlaff can view how well each server is performing, how often it restarts and if students are committing access violations by illegally downloading movie or music files. Besides preserving bandwidth, the latter is necessary because LCAD, dote everything colleges, must comply with the Higher Education occasion Act, which requires institutions to win a good-faith distress to combat copyright violations.

    It used to capture 25 minutes to travail backward from an IP address to figure out which student was violating the college’s acceptable-use policy. Splunk has reduced that time to less than five minutes, which frees up Tetzlaff for more necessary tasks.

    “The precipitate at which Splunk queries the database and the nearly unlimited ability it gives you to parse that data is fantastic,” he says. “It’s already paid dividends in saving time for me, and I figure if it can deliver me that much time, they can figure out how to win it travail for others. We’re soundless in the fledgling stages of realizing its full potential.”


    Report: Self-service BI software empowers users, takes pressure off IT | killexams.com real questions and Pass4sure dumps

    Only 20% of industry intelligence requests should breathe routed through the IT department, according to Forrester Research Inc. in Cambridge, Mass. That leaves the majority of BI requirements to breathe completed by the industry user.

    While the 80-20 split is not a scientific ratio and was instead derived from anecdotal evidence, Boris Evelson, a principal analyst with Forrester, hopes it drives home a message for businesses.

    “It could breathe 90-10, 70-30, 60-40 in different organizations,” he said. “But what’s necessary to realize is that if IT is amenable for more than 50%, the backlog of BI requirements will retain growing.”

    The advice comes out of a fresh Forrester Wave report on self-service industry intelligence (BI). The Forrester Wave: Self-Service industry Intelligence Platforms, Q2 2012, led by Evelson, notes that the BI environment is unique compared with CRM, ERP, human resources or monetary applications. In those cases, businesses can glide at a more deliberate pace and soundless will most likely view a revert on investment.

    “[B]ut a BI application can become outdated the day it is rolled out,” the report reads. “Even within implementation times of just a few weeks, the world may accommodate changed completely due to a sudden merger and acquisitions event, a fresh competitive threat, fresh management structure or fresh regulatory reporting requirements.”

    And that’s not the only differentiation. Unlike other enterprisewide systems, the requirements for a BI implementation may not breathe obvious until after the implementation is completed. That’s compounded by their different priorities: While industry users train to serve their clients; IT aims to hold the data to a inescapable standard, according to the report.

    A self-service BI environment could empower industry users while taking some of the pressure off of IT. To help businesses glide in that direction, Evelson’s research outlines 10 capabilities a platform must accommodate and rates the top 12 products on the market.

    “If you are a industry user, there are self-service options for you beyond Excel,” he said. “If you are an IT pro, you can now accommodate your cake and eat it too: You can give industry users a powerful degree of self-service capabilities using enterprise-grade tools.”

    Consider capabilitiesThe term self-service BI tends to imply tools that are easy-to-use – even instinctual. But “‘intuitive’ and ‘user-friendly’ are subjective terms,” according to the report.

    Before purchasing self-service BI platforms, businesses should admiration the kinds of capabilities they want and the skill levels of the people pile the applications. Those requirements, for example, may breathe different for an older generation of workers than for a younger generation who grew up on Google and Facebook.

    As guidance, the report highlights 10 capabilities businesses should admiration during the evaluation process; the list includes automodeling, collaborative features, write-back functions and “migration to production.”

    Before a industry user can publish and participate a fresh BI application -- even in a shared environment -- it should breathe “productionalized,” according to the report. This final stage loops the IT department into the process so that the standards it has keep forth can continue to breathe met.

    “The perquisite approach? A publishing action that kicks into motion a ‘move to production workflow,’ ” the report states, “or at least automatically notifies the usurp IT resources.”

    Vet the vendorsTo assess the product offerings by what it considers the top 12 self-service BI vendors, Forrester constructed a 31-criteria evaluation based on research as well as user, vendor and expert interviews.

    “We included vendors with at least 100 in-production customers present in more than one major geographical region,” the report read. “We besides focused on vendors that Forrester clients frequently mentioned or asked about in the context of industry intelligence.”

    The vendors had to provide the majority of the capabilities Forrester outlined in its report, disburse SQL and MDX to query databases and provide BI tools that accomplish not accommodate to breathe embedded into other applications. Based on these requirements, IBM Cognos Insight, which is based on the in-memory OLAP TM1 engine, was crowned the vendor with the strongest product offering.

    IBM was joined in the “leaders” pool by a majority of the megavendor lineup: Microsoft, SAP and SAS.  Tibco Software and MicroStrategy were besides included among the leaders, but both seemed to straddle the line between the first and second tier of vendors.

    Oracle was besides present, but not among the leaders. It was included in the second tier, which Forrester refers to as “strong performers.” Forrester notes that Oracle has “persistently and successfully” closed the gap, citing Exalytics as an example. Though the recent Endeca acquisition was not considered for this analysis, the report gives it a significant nod.

    “[It] has the potential to significantly boost Oracle’s overall position in the self-service BI market,” the report states.

    Oracle was joined in the second wave by Information Builders, Tableau Software, Actuate, QlikTech and Panorama Software.

    “In many specialized situations where inescapable features accommodate specific importance, these vendors can even outshine and outperform the leaders,” according to the report.


    Business intelligence in monetary services: Special report | killexams.com real questions and Pass4sure dumps

    In this upright industry industry intelligence (BI) special report, we've compiled favorite articles, FAQs and...

    case studies on the managing and maintaining of BI software and other data management initiatives in three major upright industries — healthcare, finance and retail.

    In this section of their upright BI special report, you'll find tips and best practices advice for initiatives and software implementation in the monetary industry. You'll besides find case studies about how banks and other monetary institutions are upgrading their infrastructure to procure in line with the 21st century.

    More upright BI reports:

    Business intelligence in healthcare: Special reportBusiness intelligence in monetary services: Special reportBusiness intelligence in retail: Special report

    Financial BI tidings and case studies

    It's necessary for any company to breathe able to disburse its data to create sound budgets, complete accurate reports and win better decisions. Nowhere is that more paramount than in the monetary services industry, which has fallen under weighty scrutiny over the past brace of years. This section shows what banks and other monetary groups are doing to better their BI and data management platforms and infrastructure.

    BI and analytical tools for the monetary market

    According to BI expert William McKnight, there is not necessarily one BI instrument that's best suited for the monetary industry since "tools are not industry specific." Instead, the most necessary factors monetary companies exigency to admiration for a successful application are data design, trait of the data and data interpretation.

    Instead, the most necessary factors monetary companies exigency to admiration for a successful application are data design, trait of the data and data interpretation.

    According to McKnight, multidimensional OLAP is a data architecture that works well with monetary data. Oracle/Hyperion Essbase and IBM Cognos are examples of such architecture. For monetary groups looking to bolster intellectual property consideration around monetary should stare into applications instead of tools, McKnight said. Oracle/Hyperion monetary Management is a noble specimen of a monetary application.

    Financial industry keeping up with the times

    In the 1970s, Pershing LLC was on the cutting-edge of IT when it started providing clients with electronic reports instead of paper-based consumer data reports. Nearly 30 years later, however, it was soundless using the selfsame dry, row-based reports and its customer data-related BI capabilities were stuck in a decade long gone by — i.e., no ad hoc querying or interactive dashboards.

    It was time for an upgrade, according to Tony Berman, vice president of information delivery and eAnalytics at Pershing.

    "We were always getting requests from their customers for more [data analysis capabilities]," he said. "They were looking for more supple ways to stare at their customers and their behavior." So in 2002, Pershing sent out an RFP for a BI product that could integrate with its monetary trading platform to allow clients to exploit customer data and conduct advanced analysis. When the company finished evaluating different vendors it settled with WebFOCUS BI.

    The implementation provided Pershing's clients with access to customers' account data as structured, ad hoc reports with tabular results, interactive dashboards and scorecards. It besides allowed clients to accomplish everything their analysis from a separate portal without the exigency of help from Pershing's staff or IT.

    According to Pershing, the most favorite report types accommodate been prospective analysis, customer location analysis and filtering through customer data by age or account kind and then putting that info into context by comparing the results with industry-wide and individual market segments.

    Conquering budget woes with corporate performance management (CPM) software

    One would cogitate that a monetary institution would accommodate a sophisticated, or at least fairly modern, system in station to ply most monetary functions. That wasn't the case, however, when Jeff Hudson, VP of monetary systems, first joined fresh Alliance Bank (NAB) in late 2005.

    The company was doing most of the basic monetary tasks — including budgeting — via Microsoft Excel, plus running profitability numbers on a "stripped-down" edition of Hyperion's Essbase and printing out customer account histories with Microfiche. Because of everything this, budgets weren't done at the halt of the year because it was such a powerful process and inaccurate, redundant and incomplete data was commonplace.

    The repercussion was almost immediate as the bank was able to lop its budget time in half, from four months to two...

    To start, Hudson knew NAB needed a set of BI and monetary reporting tools that users would breathe cozy using but besides supple enough to meet the bank's evolving data demands. NAB went through a rigorous evaluating phase, looking at about 30 online analytical processing (OLAP) vendors before deciding on Applix' TM1 reporting and analysis tool.

    The repercussion was almost immediate as the bank was able to lop its budget time in half, from four months to two, because of TM1's ability to dash multiple scenarios at the selfsame time and the ability to add extra scenarios on the fly, when needed. And, because of an smooth interface, NAB's CFO conducts everything his ad hoc queries analysis in TM1. One of the downsides, NAB noted, is that the system runs slower towards the halt of the budget season as employees try to complete their numbers by deadline.

    More on upright BI:

    More upright BI reports:

    Business intelligence in healthcare: Special reportBusiness intelligence in monetary services: Special reportBusiness intelligence in retail: Special report



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