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The just released IBM Cognos TM1 9.4 financial performance management (FPM) tool aims at large and middle-market companies and covers a range of FPM solutions–from basic planning and reporting to advanced forecasting and analysis. Described by some as Excel on steroids, key strengths— according to the company–include the ability to leverage end-users’ spreadsheet skills to create budgeting/forecasting models and analytical applications; a flexible multi-cube architecture that allows users to distribute information easily; and an in-memory “calc-on-demand” engine for storage and speed.

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