Budgeting, Planning, Forecasting, and Financial Reporting/Analytics

Draca can help you optimize your financial performance management system in a predictable time and budget. Accurate budgets, plans and forecasts are critical capabilities to maximize profit and align expenses with actual revenue as well as general operational execution. If you are still using Excel or another rigid platform, contact us today to learn about our on-premise and cloud-based solutions.  

Download our budgeting, planning and forecasting client case study

IBM Planning Analytics

IBM Planning Analytics provides a SaaS or on-premise Financial Performance Management system that works for all companies - large or small.  While analysts agree IBM Planning Analytics is the leader among its peers, the proof is in the customer successes.  

Specifically, the IBM solution:

  • Automates planning, budgeting, forecasting, reporting and analysis

  • Links operational tactics to financial plans, synthesizes information, infers trends and delivers insights through compelling visualizations in a dynamic, self-service workspace

  • Uncovers predictive insights automatically – directly from internal or external data

  • Enables in-depth profitability and what-if analysis

  • Retains the familiar Microsoft Excel interface where needed to accelerate adoption

  • Integrates with third party systems like Salesforce.com, SAP, Workday, Oracle ERP or any ODBC ERP, DW etc.

IBM Planning Analytics Solution Overview

In the dynamic business environment of today's economy, companies are needing to make fast decisions and move more quickly. Looking ahead, anything short of speed, agility and foresight will leave companies unable to operate effectively, survive and adapt to market conditions.

 

IBM Planning Analytics helps steer business performance by allowing decision makers at all levels to gain better insights and rely less on manual processes to understand how the business is doing. Finance and business users across organizations of all sizes can synthesize information, uncover trends and deliver insights to improve decision making throughout the organization.

Additionally, IBM Planning Analytics allows organizations to collaborate and automate budgeting, planning and forecasting as well as reporting and analysis. What-if modeling no longer requires lengthy lead times or excel super users. Gaining insights into products, customer, sales and channel profitability is as simple as a few clicks of a button.

IBM® Planning Analytics, powered by IBM TM1, automates your planning, budgeting, forecasting and analysis processes. It offers the full functionality of spreadsheets while eliminating manual tasks to drive efficiency. The solution accesses all your data and integrates financial results and analysis with operational plans for faster execution. With a dynamic planning and analytics workspace you can model information, communicate using compelling visualizations, make predictions and perform what-if analysis to test alternative assumptions. Ultimately, you can create timely, reliable plans to put insight into action.

IBM’s Planning Analytics (TM1) abilities

  • Gain forward-looking insights: uncover real-time insights across your business dimensions using a powerful, in-memory IBM TM1 OLAP engine

  • Plan and visualize in an interactive workspace: Link operational tactics to financial plans, synthesize information and see clear visualizations in a dynamic, self-service workspace

  • Perform what-if analysis: explore scenarios or test business assumptions, and immediately see the financial impact of alternative courses of action

  • Leverage your Microsoft Excel skills: take advantage of a familiar Microsoft Excel interface, where needed. The solution offers full Excel capabilities including graphics and built-in functions

  • Choose a deployment that fits your business: benefit from cloud, on-premises or mixed deployment environments. The flexible, scalable platform can be used by individuals, teams, workgroups or the entire enterprise

Common finance problems IBM’s Planning Analytics (TM1) Solves

  • Cumbersome and inflexible budgeting, planning and forecasting

  • Lack of reliable, timely data and limited insight and foresight into business drivers

  • Lack of consistent execution, resource optimization and alignment across groups or departments