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Case Study: Erhvervsstyrelsen speeds up budgeting with IBM Cognos TM1
A IBM Case Study
Automating financial planning processes and building budgets that everyone believes in
The Danish Business Authority, Erhvervsstyrelsen, faced a challenge in managing budgets across its 450 projects. Its manual, spreadsheet-based process was slow, taking weeks per cycle, and prevented the finance team from collaborating effectively with project managers. To automate financial planning and build more accurate budgets, they turned to IBM and its Cognos TM1 solution.
Implemented with IBM Business Partner Kapacity, the IBM Cognos TM1 platform automated data collection and consolidation through a secure web portal. This reduced the time to create each budget iteration from four days to just half a day. The new efficiency freed the finance team to engage in constructive dialog with project managers, ensuring budgets better meet business needs and deliver greater public value.
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