Proven Practices Archives – Revelwood Knowledge Center
Proven Practices Archives – Revelwood Knowledge Center

Every summer Revelwood hires 2-4 college interns to join its ranks for 10 weeks of immersive experience in the world of business and technology. Our internship positions have ranged from technical to marketing to sales to general business research. What’s critical to us is that all internships are mutually beneficial: interns must feel they are receiving at least as much value from Revelwood as they are giving. This summer we have four ambitious interns who’ve joined us for an inaugural … Read More

Over the years, we have had many clients who have taken on the project of changing their chart of account (COA) structures. These projects can be resource and time consuming and they affect many business areas and processes beyond accounting and finance. We have found that when clients consider the downstream reporting systems (like IBM Cognos TM1) early in the chart of account change project, they avoid some critical pitfalls that can affect the success of these projects. Why change … Read More

We’ve created a list of the top 10 steps organizations should take for a successful financial performance management project. These steps were honed over more than two decades of experience designing and implementing financial performance management solutions based on IBM Analytics technologies. Essentially, these can also be considered best practices for financial performance management projects. Before we go into the 10 steps, let’s take a look at today’s business environment. Years ago businesses, and senior management, were content to wait … Read More

We recently blogged about using IBM Cognos TM1 for capacity planning in both the oil & gas industry and in manufacturing. We also have a great client example of how TM1 can be used for capacity planning in the REIT industry. Our client, a large real estate investment trust (REIT) company with several billion dollars in assets and Class A office space in most major U.S. cities needed a sophisticated solution to model out leases for its buildings and space, … Read More

We recently blogged about capacity planning in the oil & gas industry using IBM Cognos TM1. In short, by using TM1 for capacity planning, a business can better understand how to maximize the capacity it has on hand, how to plan for expected increases and decreases in supply and demand, and how to capitalize on market opportunities to increase physical capacity at the most optimal times. One of our clients, one of the nation’s largest manufacturers of roofing materials, with … Read More

Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. Most people think of IBM Cognos TM1 and automatically think just of financial planning. They think of how organizations of all types and kinds use TM1 for budgeting, planning, reporting and various other office of finance activities. But as we have learned in our decades of experience in working with TM1, there are many other ways companies can use … Read More


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