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We found that a functional database can be a good answer to tackling these challenges. Putting in place a robust calculation engine, while still leveraging the power of Excel and Excel-like functionalities on a larger scale. The functional database model goes beyond conventional databases by using a cell orientation like Excel, complete with instant recalculations in memory. IBM’s Planning Analytics (formerly TM1) is the most robust and mature functional database on the market that is geared towards interactive budgeting, forecasting and financial reporting for thousands of users, terabytes of data and deeply complex modelling to match business needs – enabling the concept of cubes in calculation models.
We kinda really love TM1. And that's why we're around. We’ve helped hundreds of Cubewise clients implement TM1 applications that eliminate the problems associated with using Excel for budgeting, forecasting and financial reporting. We know from experience that by doing good TM1 yourself, you free up time for analysis and other value-added activities.
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