IBM Cognos Controller

IBM Cognos 8 Controller provides built-in financial intelligence and advanced analysis capabilities to deliver on today’s consolidation requirements. The Web-based platform provides centralized, synchronous financial consolidation. It compresses the time to close, ensures accuracy, and ensures that the business controls directly impacting your corporate reporting process are effective.

You gain true and reliable consolidated financial data, based on a clear link between statutory and management consolidation, which provides a solid foundation for your operational and strategic decisions. IBM Cognos 8 Controller gives you a many-fold advantage in addressing compliance needs:
• Automates the consolidation process.
• Compresses closing times.
• Accelerates reporting times.
• Significantly reduces the risk of financial reporting errors.
• Minimizes compliance costs.

The multi-dimensionality of Controller offers enormous potential. It provides us with excellent support for our extensive management reporting. All necessary eliminations and adjustments can be performed at an operative level as well as at an organizational level to reflect the current structure.

Key Features of Cognos Controller

Application approach
Directly managed by finance, not by IT, for rapid implementation. Eliminates extensive development and programming that adds complexity. Simplifies and automates the definition, structure, and rules of the consolidation process.

Single, accurate, corporate view of key information
Consolidates multiple, diverse ledgers with thousands of operating units and accounts into a single, common, chart-of-accounts structure.

Sophisticated, global consolidation functionality
Provides inter-company elimination and reconciliation, multi-currency translation, complex ownership calculations, and financial consolidation rules to handle multiple reporting and consolidation standards.

Leverages existing assets
Integrates data from existing ERP, transactional, and desktop systems.

Provides reporting and analysis on controls and transparency into information
Mitigates risk and delivers accurate information to support compliance requirements

Built-in finance consolidation intelligence
Includes pre-defined consolidation functionality and reports that incorporate best practices for managing the consolidation of financial information and delivering external management and corporate reporting.

Adaptable to unique requirements
In addition to statutory dimensions, Cognos Controller provides user-defined dimensionality to support collection and reporting at all levels including cost center, product, and customer.

Real-time adjustment to meet new business, environment, or legislation changes
Easily and rapidly accommodates changes such as mergers and acquisitions as well as reorganizations.