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Advancing Financial Management Practice

Overview
The Financial Management Practice of the Cognos Innovation Center for Performance Management supports finance leaders in organizations both large and small as they align their financial and operational goals.

We work with experts in finance and technology to develop and share best practices in consolidation, reporting for compliance and management, and integrated analytics for financial performance management.

Learn More About Financial Management

Resources

Business Analytics: The Perfect Fit for the Agile Enterprise
Business analytics solutions offer the responsiveness, flexibility, ease, and scalability you need to help manage enterprise performance.

IFRS and US GAAP
In February 2006, the International Financial Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) proposed a roadmap for convergence of accounting standards. In a detailed article made available to members of the Cognos Innovation Center, accounting giant KPMG sheds light on many of the "considerable changes" this proposed convergence will have on the rules for future business combinations.

Performance Management Spells "RELIEF"
The job of a financial analyst is incredibly demanding. Executives now want more information faster than ever before. But decades-old tools aren’t up to the task. Performance management solutions provide the answer. They put more information—and more timely information—into the hands of managers and executives, while simultaneously saving the finance team enormous time and effort.

Podcast: Competing on Analytics (duration: 9:27)
Listen to Jeanne Harris, co-author with Tom Davenport of Competing on Analytics: The New Science of Winning, explain how market leaders such as Netflix, Capital One and the New England Patriots football team are using analytics to out-think and out-execute the competition. Harris, executive research fellow and director of research at Accenture's Institute for High Performance Business, explains how smart decision making powered by analytical insight can help companies win in the rapidly evolving global market.

IBM Cognos Group Consolidation and Corporate Reporting (GCCR) Performance Blueprint
This Blueprint streamlines the close-consolidate-report process while ensuring quality control at every step. The Blueprint is built on the powerful IBM Cognos 8 Controller platform, and provides a finance-managed solution that is designed to help finance organizations meet the strict requirements of the European Union’s International Financial Reporting Standards (IFRS).