Twoday
Twoday, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Twoday collaboration with software players such as IBM empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Twoday | IBM | IBM Planning Analytics (powered by TM1) | EPM | EPM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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Karnov Group | Professional Services | 297 | $97M | Sweden | IBM | IBM Planning Analytics (powered by TM1) | EPM | 2018 |
In 2018, Karnov Group implemented IBM Planning Analytics (powered by TM1) in Denmark to centralize finance planning and consolidation, using the EPM application to replace spreadsheet-driven budget collection. The deployment targeted corporate finance processes for budgeting and period close, with Twoday engaged as the implementation partner and IBM as the vendor.
The implementation configured IBM Planning Analytics for budgeting and financial consolidation workflows, establishing cube-based models, standardized planning templates, and automated data input routines customary to EPM deployments. Forecasting module usage was identified as the next phase and was underway, aligning with typical EPM forecasting and scenario modeling capabilities supported by IBM Planning Analytics.
The environment was provisioned using a hybrid cloud architecture consistent with Karnov Group and IBM case documentation, centralizing TM1 models while enabling controlled data access across the Denmark finance organization. The technical footprint emphasized a single source of planning models and version-controlled cubes to replace distributed spreadsheets and manual aggregation.
Governance changes accompanied the technical rollout, with Twoday and finance leadership defining new process ownership for budget collection, validation checkpoints, and consolidation sign-off workflows. The implementation reduced reliance on ad hoc spreadsheet exchanges by instituting standardized submission templates and centralized model governance.
Outcomes explicitly reported include removal of spreadsheet-based budget collection, acceleration of month-end close activities, and improved confidence in group financial figures. IBM Planning Analytics (powered by TM1) served as the EPM backbone for these finance improvements, with forecasting adoption progressing as the follow-on implementation phase.
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