Why companies such as yours moving to Octane Planning Analytics TM1 Managed Service?
Who really is managing your application!
BI tools such as IBM Planning Analytics TM1 that provide reporting and insights to users beyond Finance end up as a hot potato where ownership is shared between Finance and IT. This also means there is a lack of focus in ensuring its updated and running optimally. Office of Finance is unable to leverage the full potential of the application and revert to reporting on excel or having Silos of information which is hard to get insights from.
High cost of trying to do it yourself!
One of the key reason of starting Octane was to tackle the high cost of TM1 support via vendors (and the cheap ones were exactly that ..cheap). The only other option remains to build an in house team, which demands significant investments and flirts with inherent risks of staff turnover. Additionally your application strength is depended on the experience & quality of your resourcing.
Lack of Governance, Compliance & Stewardship!
Outages, performance degradation, lack of automation all creep into applications as they evolve over the years with business. Octane keeps a tab, ensuring applications are tuned regularly via health-checks and optimisations are conducted. Also if the application is hosted on-premise, regular patches and upgrades are applied as and when due or required. Other value ads being around consulting a road map of the application within your organisation