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Planning & Forecasting

Revelwood Launches Adaptive Insights Practice

November 13, 2018 by Ken Wolf Leave a Comment

News & Events

Since our founding in 1995, Revelwood has been fiercely committed to working with what we believe to be the absolute best-in-class analytics technologies on the market. Despite overtures from many vendors in the space, we’ve always held to certain principles that dictate the vendors we choose to work with.

When it comes to FP&A solutions, factors like ease-of-use, performance, breadth of functionality, scalability, vendor strength and product vision are paramount. We’re passionate about working with great products and want to share that enthusiasm with our clients. Your success in managing the FP&A process of your enterprise is our #1 objective.

Earlier this year Revelwood was invited to join the Adaptive Insights partner channel in North America. Adaptive Insights is a cloud-based FP&A solution with over 4,000 customers worldwide spanning just about every industry. After nearly a year of vetting a variety of vendors in the space, we excitedly accepted their invitation and are off to a fantastic start.

According to Mel Zeledon, VP of Global Channels and Alliances for Adaptive Insights…

“I am very proud to have Revelwood as part of the Adaptive Insights partner ecosystem. I have personally worked with Revelwood for over a decade, and they were the first prospective partner that I turned to when I joined the company. Revelwood’s reputation in the market is impeccable, driven by their passion to drive absolute customer success in every one of their engagements. Revelwood is not like any other consulting company – they truly focus on business strategy and business outcomes from the very beginning of the engagement. Every company that engages with Revelwood just becomes better. Grounded in very well-established company core values, they provide deep business knowledge, technological prowess and the ability to run large and complex projects. They are accountable, reliable and a partner for the long haul.”

Although Adaptive Insights is probably best known for its market-leading presence in the small and mid-market space (allowing Revelwood to address the below $100M market), it has steadily expanded its footprint in large enterprises, as well, with clients like Boston Scientific, P.F. Chang’s, Siemens, Domo, Papyrus, Harry’s and Toyota. Their development team has put a tremendous focus on scalability and performance to allow the product to support much larger models and user volumes. Perhaps most significantly, they were recently acquired by Workday for $25 billion as the cornerstone of Workday’s Business Planning suite.

While we continue to maintain our great partnership with IBM and support new and existing clients on its Planning Analytics and Cognos Analytics platforms, we’re equally excited to expand our portfolio and reach new markets and customers with Adaptive Insights and Workday.

If you have any questions about either of these market leaders (both of whom appear in Gartner’s upper right “Leaders” Quadrant in the July 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions), please give us a call. Our success is predicated on your success.

Home » Planning & Forecasting » Page 17

Filed Under: News & Events Tagged With: Analytics, Budgeting, Budgeting Planning & Forecasting, Financial Performance Management, Planning & Forecasting, Planning & Reporting

IBM Planning Analytics Tips & Tricks: Conditional Feeders

September 11, 2018 by Alex Needham Leave a Comment

Tips & Tricks

Did you know IBM Planning Analytics can minimize the amount of feeder data via an approach called a “conditional feeder?”  A conditional feeder is exactly what it sounds like – it only feeds when a certain condition is met.

In a previous blog post, I provided an example of how to use an attribute to turn on/off data flow from another cube.  We left off with the following rules:

High-Level:

Conditional feeders in IBM Planning Analytics

Detailed:

Learn about conditional feeders in IBM Planning Analytics

The cube “High-Level” should only pull from “Detailed” if there is a “Y” in the attribute called “Use Detailed”, but we are currently feeding no matter how the attribute is populated.  We can add efficiency by incorporating an IF() statement into the feeder. Here’s an example of how the feeder should look:

Detailed:

Understanding conditional feeders in IBM Planning Analytics

The IF statement will generate one of two results: a valid element to use in the feeder or an invalid result.  Planning Analytics will not process an invalid feeder, so any invalid element (including a blank) in the false area will prevent the feeder from occurring.

By writing it in this way, we can turn off/on the feeder by using the same attribute that determines whether to use that line or not.

IBM Planning Analytics is full of new features and functionality.  Not sure where to start?  Our team here at Revelwood can help. Contact us for more information at info@revelwood.com.  And stay tuned for more Planning Analytics Tips & Tricks weekly in our Knowledge Center and in upcoming newsletters!

Read more blog posts with IBM Planning Analytics Tips & Tricks:

IBM Planning Analytics Tips & Tricks: Three Reserved Local Variables in TurboIntegrator

IBM Planning Analytics Tips & Tricks: Using MDX to Compare Dimension Hierarchies

IBM Planning Analytics Tips & Tricks: Planning Analytics for Excel (PAx) VBA API Calls

Home » Planning & Forecasting » Page 17

Filed Under: IBM Planning Analytics Tips & Tricks Tagged With: Analytics, Budgeting, Budgeting Planning & Forecasting, Financial Performance Management, IBM Planning Analytics, Planning & Forecasting, Planning & Reporting, TM1

IBM Cognos TM1 for Demand Planning in Manufacturing

June 14, 2017 by Dan Bernatchez Leave a Comment

Success Stories

Demand planning can guide businesses to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product. Many of our clients who rely on IBM Cognos TM1 for financial planning, reporting and analysis have asked us to help them design and develop TM1-based demand planning applications.

We recently blogged about two examples of using IBM Cognos TM1 for demand planning. One was demand planning in the food and beverage industry and the other was in professional services.  Another client of who asked us to use TM1 for demand planning is a roofing materials company in the manufacturing industry.

They tasked us with creating a solution that would deliver comprehensive functionality for operational planning and analysis to help them optimize and create efficiencies for the products it manufactures and the associated shipping costs and resources required to get the products to the customers.

One aspect of this system is a volume and demand planning model that collects and analyzes data by product, by region and by customer. This gives the business the visibility needed to make decisions based on what to manufacture and where to manufacture it.

Read more about demand planning in the manufacturing industry.

Home » Planning & Forecasting » Page 17

Filed Under: Success Stories Tagged With: Analytics, Budgeting, Demand Planning, Financial Performance Management, manufacturing, Planning & Forecasting

IBM Cognos TM1 for Demand Planning in Professional Services

June 8, 2017 by Dan Bernatchez Leave a Comment

Success Stories

We recently shared a use case on how a client is using IBM Cognos TM1 for demand planning in the food and beverage industry. We also have a client in professional services who is using TM1 for demand planning. They are a market-leading business support solutions and services company that serves the majority of the top 100 global communication service providers.

Like most professional services firms, they make their money based on the number of billable hours its consultants service its clients. After we worked with them to build an IBM Cognos TM1-based financial planning and reporting application, they asked us if we could help us with demand planning, which would need to integrate with the overall financial planning application.

We built a demand planning application that enables the team to analyze demand by role, project, geography and status. Now, with this TM1-based demand planning application, the company’s line of business managers and senior executives can optimize staffing resources to better serve their clients.

Read more about demand planning in the professional services industry.

Home » Planning & Forecasting » Page 17

Filed Under: Success Stories Tagged With: Analytics, Budgeting, Financial Performance Management, Planning & Forecasting, Professional Services

IBM Cognos TM1 for Demand Planning in the Food and Beverage Industry

June 1, 2017 by Dan Bernatchez Leave a Comment

Success Stories

Demand planning can guide businesses to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product. Many of our clients who rely on IBM Cognos TM1 for financial planning, reporting and analysis have asked us to help them design and develop TM1-based demand planning applications.

Here’s an example of how we used TM1 for demand planning in the food and beverage industry. In particular, we built this application for a craft brewery.

On one hand, what could be more fun than performing demand planning for the craft beer and cider industry? On the other hand, what could be more challenging? Beer distribution is not a simple model. Instead, the brewer distributes its products to a wholesaler, who sells the products to a retailer (a store, bar or restaurant). This particular brewer has an added complexity in that they issue their products with a “sell by” date, meaning any product remaining with the retailer or wholesaler after the “sell by” date needs to be returned to the brewer.

We worked with this craft brewer to design and develop a demand and sales planning solution using IBM Cognos TM1 integrated with IBM Cognos BI. We developed specific cubes that enable the brewer to track and analyze distribution, sales, depletions and returns by wholesaler. The system first tracks shipments to each wholesaler, then it records depletions (the products by wholesaler that have gone out to retail outlets). Lastly, the system tracks returns from the retailer to the wholesaler, and then back to the brewer.

Now, the brewer can make strategic decisions on where to invest marketing and sales support by wholesaler, identify top performers and develop strategies to keep them there.

Read more about demand planning in the food & beverage industry.

Home » Planning & Forecasting » Page 17

Filed Under: Success Stories Tagged With: Analytics, Budgeting, Financial Performance Management, Food and Beverage, Planning & Forecasting

The ROI of Analytics

July 9, 2013 by Lisa Minneci Leave a Comment

News and events

The Oakland Athletics general manager, Billy Beane, proved the ROI of analytics and shared it in the wildly popular book and movie, Moneyball: The Art of Winning an Unfair Game.  Nucleus Research has proved that analytics delivers for business as well; the firm found that analytics pays back $10.66 for every dollar spent.

In a research note on the findings, Nucleus cites two significant reasons for the high ROI of analytics:

  • It is easy to integrate data sources with analytics applications; and
  • Once deployed, analytics tools provide insight, leading to “changes to decision making that result in unexpected improvements in profitability.”

Nucleus notes, “For example, when Concept One adopted IBM Cognos Express, granular cost analyses of the company’s licensing agreements enablefoundd the organization to become more selective about license renewals and increase its gross margin.”

In addition to analyzing the ROI of IBM Business Analytics, Nucleus also performed ROI case audits on customers using analytics technologies from Microsoft, Oracle, SAS, Tibco Spotfire and Information Builders.  This combined analysis led to the finding of an overall ROI of $10.66 per dollar spent on analytics.

As Nucleus concludes, “Given the returns of $10.66 for every dollar invested in analytics, these technologies represent one of the richest investment opportunities available to organizations.”

Read the full Nucleus Research note, “Analytics Pays Back $10.66 for Every Dollar Spent ” to learn how and why analytics technologies deliver a significant ROI.

Check out more industry news here:

Workday Adaptive Planning Named a Leader in Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions 2020

IBM Planning Analytics Scores 13 Top Rankings and 21 Leading Positions in BARC’s The Planning Survey 20

Office of Finance Benchmark Data

Home » Planning & Forecasting » Page 17

Filed Under: News & Events Tagged With: Analytics, Budgeting, Financial Performance Management, Planning & Forecasting

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