Create reports that are on time, every time
IBM Planning Analytics / TM1 is an all-in-one reporting and financial analysis tool that brings all your data into one place so it can be collaborated on by all your users. You can then generate reports efficiently and rapidly, which increases your company’s cadence and allows you to be more decisive.
Don’t sacrifice quality reporting for speed. Get the best of both worlds when you work with Cubewise. We’ll show you just how fast your reporting can be when you’re working with the right technology.
Common challenges
Manual processes
Manual processes slow down reporting cycles, increase the likelihood of errors and make life hard for your staff.
Lack of automation
When your financial reporting system lacks sufficient automation, your staff members have to perform tedious manual tasks to get things done. Even with robust workflows in place, you should avoid manual processes wherever possible, especially when they are a routine part of the reporting cycle. They only serve to frustrate and confuse what you’re doing.
Poor morale
When your staff’s valuable time is taken up by manual processes that could otherwise be automated, morale is going to take a hit. It’s not what your employees signed up for and it makes for miserable work in most cases. Why not free up your staff so they can do what they do best?
Nuanced automation
Cubewise and IBM Planning Analytics / TM1 can help you unlock a range of different automation processes that can run without your staff’s input and achieve more consistent, accurate results. This speeds up your reporting significantly while also improving your team’s day-to-day work. Let computers do the routine tasks and let your people focus on the high-level tasks only they can do.
Slow to gather data
The quality of your reporting is only as good as the data you collect. When your business is slow to collect data, your reports can get quickly become out of date.
Inefficient data collection
When your data collection methods are widely dispersed and inefficient, your reporting is bound to suffer. This inefficiency can occur as a result of unsuitable technology, manual processes, tedious data cleaning, complex data structures, or any number of other reasons, each of which contribute to slower throughput overall.
Outdated reports
With inefficiency comes slower results as you’re forced to reckon with bottlenecks. This has a direct impact on your reports, making them less valuable and, in some cases, rendering them out of date completely. It’s not what you want when you’re managing a rapidly evolving business ecosystem.
A sophisticated data warehouse
Cubewise and IBM Planning Analytics / TM1 offer a comprehensive data warehouse and Financial Planning & Analysis (FP&A) system that can handle any type of data that comes its way. By combining all data in one place, the system can dramatically improve overall efficiency and speed. This optimisation makes all the difference when you want to make the most out of the insights gathered and you’re aiming to accelerate the reporting cycle.
Non-standard formats
Reporting is inefficient when everyone is creating their own reports in their own way. Why? Because each report has go through a rigorous quality control process.
Inconsistent branding
Your reporting should always reflect your brand. But if every division reports in different ways and with different objectives, your reporting can easily become inconsistent across the organisation. The quality control process then becomes tedious as someone must make the adjustments needed to meet branding guidelines before anything can go out to stakeholders.
Unprofessional reputation
Without report standardisation, your company can come across as unprofessional, which is not how you want to be labelled. Consistent aesthetics are important to create the right impression and to ensure readers don’t get bogged down in how the report looks rather then reads.
Templated branding
Within IBM Planning Analytics / TM1, Cubewise can help you set up specific branding guidelines that can be applied automatically to any reports coming out of the system. This standardisation happens without anyone having to think about it, maintaining a consistent look and feel regardless of where the report comes from.
Timely information that drives business success
When you use IBM Planning Analytics / TM1 for your reporting, you can rest assured you’ll have consistent, accurate and timely insights to deliver to your stakeholders. By automating routine tasks, using templates to your advantage, and bringing all your data into one place, your reports will be timely and always look great.
Speed and accuracy don’t need to be traded off against one another. Here at Cubewise, we’re here to help you achieve both.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
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