| TM1 is software from Cognos, an IBM company, which | | | | be implemented, which also makes it an economical |
| is basically an OLAP engine for real-time analytical | | | | choice for business owners. Any other vendor |
| processing. The 32-bit and 64-bit technologies that are | | | | software would take at least 4 to 5 months to be |
| used have efficient memory resident methods for | | | | implemented. |
| consolidating, viewing and editing data. TM1 can handle | | | | The software offers a huge array of ‘what if’ |
| vast volumes of multi-dimensional data and can be | | | | situations to facilitate your analysis and lets you do |
| used for complex business analysis and planning. The | | | | your planning, budgeting and forecasting accordingly. It |
| software has a proven track record for supporting | | | | is perhaps one of the very few software that |
| financial performance management. | | | | presents all the bank’s MIS needs vis-à-vis tools |
| TM1’s popularity can be credited to its speed and | | | | for analysis, presentation and reporting. It also includes |
| easy-to-use interface. In fact, TM1 is said to have the | | | | scorecards and dashboards. Along with these, it also |
| fastest data load and pre-calculation time available | | | | provides a write-back capability to data – something |
| across the industry in any software. The software | | | | very uncommon in any other OLAP software. |
| takes approximately around two and a half months to | | | | |