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IBM Finance leverages IBM Cognos TM1 system and Replaces Essbase

Nice story about how TM1 is being used internally successfully by the finance team.  It looks like they have displaced Oracle (Hyperion) Essbase.  A couple of interesting bits:

"With one, single worldwide application for spend analysis and tracking on one IBM Cognos TM1 cube, rather than 16 disparate Oracle Essbase cubes, the reduction in IT support previously needed to manage and support each geography has been substantial."

"IBM has more departments than people - a staggering 400,000 - and we needed that single snapshot view of spending worldwide. With IBM Cognos TM1, we have achieved that ‘single pulse’ on each region in one solution, ..."

"... Cognos TM1 offers us the opportunity to consolidate numerous spending related cubes by allowing us to expand the number of dimensions the WWSpend cube can support. This additional capability was key to developing a cube that will be standard across all geographies and "business units.

"The initial results have not gone unnoticed as the management team is evaluating planning at the IT project level, leveraging WWSpend to forecast and track the correlation between IT investments and ROI. Given the solution is already in place, IBM can essentially fast-track this initiative, leveraging WWSpend as the foundation. In fact, WWSpend will serve to standardize dimensions for all future IBM Cognos TM1 deployments and corresponding Oracle migrations at IBM."

You read the entire press release here:  http://www-01.ibm.com/software/success/cssdb.nsf/cs/SANS-832HQP?OpenDocument&Site=corp&cty=en_us