Are you evaluating IBM Planning Analytics / TM1 for integrated financial and operational planning? Then Forrester’s report on the Total Economic Impact of IBM Planning Analytics is a must-read. The report details the cost savings and business benefits of the technology. It “examines the potential ROI enterprises may realize by deploying Planning Analytics.” It also provides a framework to evaluate the potential financial impact of Planning Analytics.
Forrester interviewed several Planning Analytics clients. Prior to deploying Planning Analytics, these organizations “lacked data cultures that would allow them to make the nest decisions using accurate, real-time data.”
After deploying Planning Analytics, the organizations “were able to unify their disparate planning systems,” gaining many other benefits, including:
- Increasing staffing efficiencies by 10%
- Reducing budgeting effort by 63%
- Speeding up data processing by 80%
- Reducing forecasting effort by 70%
For example, one organization reduced the average time to run a planning system refresh from 45 minutes with their legacy system to less than 10 minutes with Planning Analytics. Forrester concluded this time savings alone “leads to efficiencies valued at a three-year present value (PV) of more than $1 million.
Another organization also found time savings in their forecasting activities. “With a thousand different classes and roll-ups, business analysts were probably spending 40 hours a month preparing P&Ls. We’ve dropped that down to 2 to 3 hours of time,” said a director of FP&A for a retail company.
Learn more about the efficiencies gained with Planning Analytics. Download the Forrester TEI report today.