IBM Cognos 8 Controller Performance Blueprints

IBM Cognos Group Consolidation & Corporate Reporting Performance Blueprint

CFOs and Finance executives are under constant pressure to drive better financial performance. And they need systems and processes that deliver accurate and timely management and regulatory reports. At the same time, Europe's International Financial Reporting Standards (IFRS) and other regulatory changes are forcing these organizations to renew and ultimately automate the close process.

It is in this context that Cognos, an IBM company, introduces the IBM Cognos Group Consolidation and Corporate Reporting Performance Blueprint.

IBM Cognos Performance Blueprints are pre-defined data, process, and policy models that help organizations speed their software deployments and drive faster ROI. The new IBM Cognos Group Consolidation and Corporate Reporting Performance Blueprint is based on the experiences of top-performing customers and offers a best-practices approach to renewing and improving the close-consolidate-report process.

It addresses critical components of the financial statement including: income statement, balance sheet, fixed and intangible asset tables, changes in equity, cash flow statement and explanatory notes. This Blueprint:

• Increases efficiency in financial consolidation
• Aids compliance with IFRS from a group perspective
• Lowers risk, and reduces the time and resources needed for implementation

In addition, the Blueprint is based on IBM Cognos 8 Controller, a solution that is 1) finance managed, 2) incorporates best practices directly into the application for immediate impact, and 3) leverages the Cognos 8 performance foundation to bring financial information directly into reporting and planning applications.

Using the IBM Cognos Group Consolidation and Corporate Reporting Performance Blueprint enables you to streamline the close and reporting process, and keep all your IFRS reporting numbers in one place, in the same format. Access the materials below to learn more.

• IBM Cognos GCCR Business Value Guide
  The Business Value Guide describes the value opportunity, and illustrates the best-practice process and information flow enabled by the IBM Cognos Group Consolidation and Reporting Performance Blueprint.
• IBM Cognos GCCR Web Demo
  See how this Blueprint helps companies meet IFRS compliance requirements and improve the close-consolidate-report process—all at a low total cost of ownership.
• IBM Cognos GCCR FAQ
  Read the answers to Frequently Asked Questions and see a list of more than 30 components of the financial statement that are addressed by the Blueprint.

Learn more: Press release
Learn more: IBM Cognos 8 Controller Fact Sheet
Learn more: IBM Cognos 8 Controller Customer Successes

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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