IBM Cognos software solutions are designed to answer business questions that lead to better performance management such as:
How are we doing? - stay on track to meet targets with visibility into any aspect of your business performance.
Why? - put results and decisions into context by analysing trends and patterns.
What should we be doing? - allocate human and financial resources more effectively using driver based plans and rolling forecasts.
The key components of the Cognos 8 solution are as follows:
IBM Cognos Business Intelligence
This is a single product with one architecture that delivers reporting, analysis, dashboards and scorecards through a series of studios.
IBM Cognos Planning
The product formerly known as Adaytum combines top down planning and bottom up budgeting and forecasting deployable to budget holders.
IBM Cognos TM1
TM1's strength lies in its ability to handle very large volumes of mult-dimensional data for reporting and analysis using either an Excel or Web interface.
IBM Cognos Controller
This is a web based consolidation and financial reporting application with all its functionality available out of the box without the need for programming, previously known as Frango Controller.