What Should You Choose In The Tm1 Vs Anaplan Debate

Businesses today are looking for the best software on the market to help run all different processes within the company. Performance management tools are among them. There has been a long-standing debate between anaplan vs adaptive as well as Cognos tm1 vs anaplan.

With consumers comes data and the need to read and interpret this data. Employees, sales, deliveries, orders, and every other business operation brings this data that needs understanding and using to implement changes.

Performance management tools can assist in storing all of this data and creating reports and graphs that can relay certain information. It can provide the knowledge a manager needs to improve processes within the business. With this comes the debate of Cognos tm1 vs anaplan. Which one does your business need? Which one will improve your business the most?

The answer to this is not a simple one. Choosing between tm1 vs anaplan comes down to your business’s specific needs. Now let’s compare them, shall we?

Both of these systems offer web-based platforms allowing for data to be stored in the cloud. Data is less likely to be lost when it is stored within the cloud, the fears of your system crashing will not affect the data that has been uploaded. Surely this is a selling point for both.

The normal clients for tm1 vs anaplan are mid-sized businesses all the way up to large-scale Enterprises for both companies. The latter can also caters for small businesses. No matter what size your business is there is a performance management software to accommodate your exact needs.

Your support when adopting one of these systems will be web-based meaning 24 hour support. A friendly support team from either company can and will assist you to the best of their power. Additionally the former has added phone support for any complex issues. Cognos also provides a free trial so you can make sure this choice is ideal for your businesses needs.

 

 

Features of tm1 vs anaplan:

The former offers:

– what if scenarios

– budgeting

– visual analytics

– scenario planning

– customisable templates

– predictive modelling

OLAP

– strategic planning

forecasting

– application integration

– self service

– portal predictive

– Analytics

– business intelligence

– score carding

 

Whereas the ladder offers:

– what If scenarios

– application security

database integration

– dependency tracking

– scenario planning

– sales forecasting

– data import and export

– financial analysis

– forecasting

– supply chain

– planning

-collaborative teams

-data connectors

-access control

– planning tools

– service operation planning

data synchronisation

– API

– reporting and statistics

– strategic planning

 

The biggest answer to the tm1 vs anaplan debate is whatever your business is in need of. You need to take into consideration what features your business is going to use and which ones would be a waste of time. So if one of these ticks all of the appropriate boxes it will be the obvious choice for performance management software for your businesses needs.

 

Comparing implementation time of tm1 vs anaplan

The latter is a web-based system allowing for rapid implementation. There is no need to install software like with the former where it requires manual installation before you are able to utilize it.

 

Functionality comparison

The latter uses an approach where you can import data and see multiple data results all on one page. The former includes sections to input the data.

 

Cost comparison

The former is best suited for small businesses with less data, the latter is, therefore, better in costs for large Enterprises to understand and store an immense amount of data.