The museum, located in Sydney – one of the world’s most respected scientific research and educational institutions – is replacing its manual spreadsheet-based reporting and budgeting processes with the IBM Cognos TM1 technology. Cognos will provide a platform for reporting, planning and analytics which will enable information analysis in real time, increasing the speed of delivery and accuracy of budget and forecast analysis across the organisation.
“Cortell Australia, with its customer centric strategy backed by revolutionary digital systems and unparalleled expertise, brings to the Australian Museum outstanding processing solutions to expand our operational excellence throughout the whole institution,” said Paul Ryan, Chief Financial Officer, Australian Museum.
“These enhancements will free up time spent on spreadsheets to be better used in undertaking analysis and support the business.
“This solution will allow us to streamline our processes and enable our teams to make effective data-driven decisions.”
Cortell Australia director Nick Potts said the IBM technology also addresses the limitations of current reporting, supports the removal of manual processes (exporting and manipulating data), and allows the museum to slice and dice the data across defined dimensions, drill down through relevant hierarchies and provide a graphical analysis of the results.
In addition, the technology will allow the Museum to have greater visibility of the financial impact of its operations, ranging from retail sales peaks to which exhibitions attract the most visitors. Museum employees and management now have access to a single view of data that provides a snapshot of finance and resourcing information across the organisation, which can be accessed on the go via a mobile device.
“We continue to see organisations using insights from financial and operations data to support the day-to-day tactical business decisions being made, providing the basis for strategic organisational growth,” Potts said.
“The Australian Museum is in a unique position to uncover analytics-based insight to make the right decisions to produce the best outcomes for visitors and stakeholders.”
Cortell Australia is an IBM Premier Business Analytics Partner.