Tridant Director Alec Jeffery says "interest from the mid-cap sector of the industry has been encouraging and there is clearly a desire to explore what is available.
"The people we talk to clearly have reached the stage where their spreadsheet based planning systems represent unacceptable risks and unnecessary delays. The opportunity to implement a best-in-class forecasting and reporting model within a matter of weeks is compelling."
The Cognos TM1 analytics platform is a multi-dimensional OLAP database with support for true in-memory 64 bit processing. This makes it one of the fastest responding analytical platforms available in the market today, and a natural choice for Tridant.
Cognos TM1 is deployed in over 200 major Australian organisations.
"It is perfect for financial modelling applications because of its write-back capabilities" says Tridant Director Nimrod Kuti. "Forecasting models invariably become the central database for a very wide range of business data. Inputs that are required for a forecasting can be in a system, on spreadsheets or in people heads, and it all has to find its way into the forecast model - which becomes the single source of the truth."