IBM introduced improved Cognos business tools designed to support faster, more flexible financial analysis. The new features included in IBM Cognos TM1 and IBM Cognos 8 Controller will cut planning cycles in half and reduce reporting cycles from days to minutes, says V3.co.uk.
According to The Financial, features added to IBM's analytic solutions include:
- New business analytic capabilities for end users to provide dynamic hierarchies and allow for unlimited flexibility for end-user scenario building.
- New financial consolidation capabilities with enhanced allocations and stronger formula calculations for preparing financial reports and analyses.
- New industry blueprints to help customers gain stronger insights into key performance metrics more quickly.