TM1 vs. Anaplan: How To Make Your Decision
The TM1 vs. Anaplan business software battle has been around ever since the latter came into fruition in 2006. Different sectors have their own unique take on the merits of each brand, whilst managers, analysts and executives within those sectors also struggle to come to a consensus over which application actually provides the best results.
As we take a look at the merits of each application in the TM1 vs Anaplan conflict, we will deduce some of the important factors that modern businesses will weigh up when making their own call.
Much will depend on the scope and reach of the enterprise, with the degree of IT expertise varying wildly between different organisations, each one of which are looking to gain a leg up on the competition through any means possible.
Large Scale Data Storage
The reality when it comes down to the TM1 vs. Anaplan conflict is that one is ideally suited to the large scale data storage problem and one is less capable. Anaplan’s cloud-based model allows operators who need to store regular transaction details into one hub much more efficient without the need to stress over storage capacity.
With the IBM model, the ability to garner this information and profile it into a reporting tool is far less reliable because it is shaping its data from an older model. This OLAP data structure is therefore a disadvantage in this facet as long as the relational crafting of the Anaplan interface is prevalent in the market.
User-Friendly
When weighing up the pro’s and con’s in the timeless TM1 vs. Anaplan battle, it is worthwhile thinking about how user-friendly you need your application to be across the whole enterprise. From the very top of the network to those employees at the lower level, would you prefer a software model that does not require a high degree of sophistication and technical expertise, or one that does?
The Anaplan brand is one that is akin to Apple in this sense, allowing for widespread functionality from all members of the business department without the need to undertake extensive educational courses that illustrates how it should be operated. That aspect could be helpful depending on the size, scale and objectives of the overall organisation.
Time Management
It is one thing to judge which of the TM1 vs. Anaplan brands is worthwhile of your investment, but time is money at the end of the day. When it comes to time management and the implementation of an application that will undertake all of your business’s management functions, the newest player on the block wins the battle. IBM’s model requires installation on the server to be carried out and this needs a degree of experience and competence when it comes to your internal IT capabilities. For Anaplan, this is a model that works directly off the internet and the cloud, something that can be implemented on the day of the purchase with minimal fuss.
Customizing Your Solutions
Whatever angle we examine the TM1 vs. Anaplan conflict, one facet that really gives the latter a kick start is the capacity to customise different solutions for the application. The way in which reports can be presented to the budgeting framework and simple usability of the features is free, open and flexible. This is not the case with IBM who needs the user to understand and fit into their parameters.
Cost
Despite all of the advantages that are gleaned from the new player in the TM1 vs. Anaplan pair up, the costs involved are essentially on par. Given one’s capacity to be easily accessible, free from storage burdens and customised, those benefits do not come cheap. Needless to say that IBM’s licensing fee and high degree of functionality also makes it an investment that requires some stimulus. Neither model is cheap.
Summary
The TM1 vs. Anaplan battle can be viewed from all manner of perspectives and benchmarks, but the reality is that the latter emerges victorious on a vast majority of these points. A TM1 vs. Anaplan conflict is only really prevalent for companies of a high IT capacity where they have the knowledge and expertise on hand to weigh each program up. If you are in any doubt, then opt for Anaplan.