IBM Cognos 8 Controller version 8.2

The Leading Consolidation Solution Gets Better

Since it was first introduced, IBM Cognos 8 Controller has provided Finance organizations with unmatched capabilities for managing the close, consolidation, and reporting processes. An automated, menu-driven application that is owned and maintained by Finance, Controller is a solution with financial best practices designed in, not simply added on.

Controller 8.2 Consolidation status and management reports.

Now Cognos, an IBM company, is taking that industry-leading performance up a notch with the launch of IBM Cognos 8 Controller version 8.2. This new version features a wide range of enhancements both large and small:

• An improved audit trail enables Finance to manage and audit the import of information from its original source–a critical item in SOX compliance.
• Application and data changes can be tracked with date and time stamp, along with the ability to filter, evaluate and analyze their impact.
• Improved integration with Planning and BI—information from IBM Cognos 8 Controller version 8.2 can be published to support models in IBM Cognos 8 Planning and the entire IBM Cognos 8 BI infrastructure—including query, analysis, reporting, scorecarding and event management, supported by Web, Excel, mobile and search.
• Enhanced security for data import, thanks to access rights and log changes on import specifications and lookup tables.
• System audit log functionality allows tracking of changes to dimensions and currency rates.
• Automatic journals can link to specific consolidation types for better support of mergers and acquisitions.
• Two-step locking of data allows better management and control through each step of the consolidation process.
• Group status reporting is extended to support time-specific detail, enabling greater control of consolidation.
• Investment adjustments for complex ownership situations, such as region-specific consolidations and reporting for Brazil, Denmark and the Netherlands.

In addition, IBM Cognos 8 Controller version 8.2 is the only solution that includes more than 200 pre-configured, standard reports to satisfy the demands of management and regulators. All the reports required at key stages of the close process are available automatically—no custom report creation is needed. And fast, instant analysis is possible at any time during the close.

Best of all, IBM Cognos 8 Controller version 8.2 extends the existing solution’s rich set of capabilities while maintaining a low total cost of ownership. Watch Cognos.com for more news about IBM Cognos 8 Controller version 8.2.

For Finance Leaders

What IBM Cognos 8 Controller version 8.2 Offers You

IBM Cognos 8 Controller version 8.2 offers a range of benefits for the key members of your finance team—and for the CIO, who needs to ensure compatibility with existing IT investments:

• For Corporate Controllers: Controller 8.2 enables the corporate controller to automate the entire close process, from data collection to financial consolidation to output. Close cycle times are reduced while data integrity is assured.
• For the CFO: Controller 8.2 reduces risk and provides the CFO with an enterprise view of key financial ratios and results. Greater visibility improves strategic decision making across the organization, while the high quality of financial results for external reporting aligns with internal control and compliance requirements.
• For the CIO: Controller 8.2 allows the CIO to leverage current IT investments while ensuring that centralized systems meet the demand for secure and reliable data. And it offers the opportunity for performance management standardization from a single vendor, with enterprise planning and enterprise business intelligence across a single architecture and platform.
  

Additional Resources:

Performance & Compliance: Neither is Optional

Online Demo

Learn how to deal with the paradox of managing compliance while improving performance. This microsite offers valuable insights on how you can streamline consolidation, compliance and reporting processes - while enhancing performance management.

Financial Consolidation & Reporting for Visionary Finance Executives: IBM Cognos Controller

Online Demo

Learn best practices for: Managing the processes of consolidating financial information. Delivering external management and corporate reporting. Providing transparency to sustain compliance and performance.

Consolidation: Laying the Groundwork for Sustainable Compliance

White Paper

Laying the Groundwork for Sustainable Compliance.

Delivering financial results – with or without spreadsheets – that is the question

Web Seminar On-Demand

There is a clear distinction between organizations working with world class financial consolidation systems and those that continue to rely on spreadsheets and spreadsheet enhanced systems. The Hackett Group will present the contrast between World-Class and Peer Group companies in terms of their usage of spreadsheets for critical finance activities, and the impact that has on the cost, quality and responsiveness of the finance organization. Demonstrations and discussions will help you understand the roadmap to performance management, with introduction of Cognos Controller, the modern foundation required for renewing the automation of the close, consolidate, report process.

Performance and Compliance - Combining To Deliver Financial and Operational Insight

Web Seminar On-Demand

A key driver for improving financial consolidations is to enable actionable performance reporting. In this Webinar, we will share how best practices in reporting are critical to world class organizations, enabling better confidence and decision making. Specifically, you'll see how business intelligence enhances information communication of timely, validated financial results.

Ensuring Best Practices for Internal Controls and Financial Consolidation

Web Seminar On-Demand

Renewing the consolidation process requires organizations to evaluate, incorporate and improve as necessary their internal controls for financial data. The Hackett Group, Deloitte and Cognos will discuss and review the opportunity at hand as organizations improve their internal control environments in conjunction with automating financial consolidations.

Automating financial consolidation – The first, best step in close, consolidate, report makeover

Web Seminar On-Demand

Join us as The Hackett Group, Gary Simon, Editor of Financial Systems News and Author of “Fast Close to the Max" review key process improvements enabled through the automation of the financial consolidation process and the impact this has on the cost, quality and responsiveness of the finance organization. You’ll hear how automation in the hands of finance is the first, best step to accurately streamlining the close process, reducing data errors and facilitating timely results while supporting statutory and compliance requirements.

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