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QueBIT Blog: Tips for Agile Planning in Uncertain Times

Posted by: Ann-Grete Tan Mar 17, 2020 11:50:49 AM
It’s March 2020, and many companies are facing the reality that the carefully crafted financial plans and budgets they started the new year with are suddenly, and dramatically, out of date. While... Read More

Ann-Grete Tan

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Why today’s ERP systems can’t do financial planning & analysis – and what to do about it!

Posted by Ann-Grete Tan

Enterprise Resource Planning, or ERP, software is used by businesses of all sizes to support its financial and operational business processes. Most vendors offer a menu of modules that can be combined so that data flows seamlessly from one to another, mirroring information flow through the business.

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QueBIT Blog: Digital Transformation in Finance and Performance Management

Posted by Ann-Grete Tan

Since spreadsheets were invented in the 1980s, they have been the tool of choice for anyone doing planning and analysis. Financial analysts use them for the annual budget, the long-term strategy plan, allocations, profitability modeling etc. Sales and operations planners use them for capacity planning, sales planning, scheduling and much, much more.

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Topics: Digital Transformation, Finance

QueBIT Blog: Goodbye TM1TOP! Farewell TM1 Operations Console!

Posted by Ann-Grete Tan

If you are a long time IBM Planning Analytics (TM1) administrator, you may have developed a fondness through the years for a utility called TM1TOP. TM1TOP would tell you what your TM1 Server was up to, which was especially useful if users called to complain that it was “slow” or “hanging”.

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Topics: TM1

QueBIT Blog: Excel and State-of-the-Art Planning

Posted by Ann-Grete Tan

I’d like to give a shout-out to Microsoft Excel, the venerable spreadsheet software. If your job description includes reporting, budgeting, planning or forecasting, you rely on Excel to get your job done. Period.

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QueBIT Blog: Worried about Errors in your Financial Reports? Start by quantifying the problem

Posted by Ann-Grete Tan

Google “Accounting Scandals” and you will find plenty of Top 5 and Top 10 lists that include companies like Waste Management (1998), Enron (2001) and Tyco (2002). These are famous examples where top executives were caught committing fraud, and were punished with fines and prison time.

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Topics: CDM

QueBIT Blog: What you need to know about IBM Planning Analytics System Architecture to plan your upgrade

Posted by Ann-Grete Tan

The target audience for this blog post is anyone on IBM Cognos TM1 10.2.2, or an older release, who is looking to upgrade to IBM Planning Analytics. TM1 10.2.0 will no longer be supported by IBM after September 2018 (this year) and TM1 10.2.2 will no longer be supported after September 2019.

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Topics: planning analytics

QueBIT Blog: What you need to know about upgrading TM1 to IBM Planning Analytics

Posted by Ann-Grete Tan

If you are still on a version of IBM Cognos TM1, it is time to plan your upgrade to its rebranded successor, IBM Planning Analytics.

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Topics: planning analytics

QueBIT Blog: “We are talking about the WRONG Excel problem!”

Posted by Ann-Grete Tan

Recently the Wall Street Journal (WSJ) started a firestorm when they published an article titled “Stop Using Excel, Finance Chiefs Tells Staffs” (https://www.wsj.com/article_email/stop-using-excel-finance-chiefs-tell-staffs-1511346601-lMyQjAxMTE3NjMzMDQzNDA4Wj/).

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Topics: planning analytics, Planning Analytics Workspace

QueBIT Blog: “Build vs. Buy” decisions in Financial Performance Management and Analytics

Posted by Ann-Grete Tan

One of the advantages of being a Business Analytics consultant, is that you rarely know what a feasible solution looks like until you have taken the time to truly understand your client’s business, strategy and culture. This applies to financial performance management (including financial reporting, planning and customer profitability modeling), just as it does to predictive and prescriptive analytics problems which may not always directly impinge on the Office of Finance.

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