In January 2013, the TM1 budget modeling application was released in order to assist with the new University Hybrid Budget Model. TM1 supports the work of the Provost, Budget Office, and academic and non-academic departments in their annual and quarterly budget planning. Developing, revising, and monitoring annual budgets had previously been a cumbersome and time consuming process. After the TM1 release, all annual budgets were created, reviewed and adjusted, and then rolled-up to the highest University level budget, all within the new application. Not only did TM1 allow for the annual budget process to be more uniform, but it also required significantly less time to complete.
TM1 Budgeting Application
By b.whalen | Published: March 12, 2013