IBM Cognos Controller

Consolidation drives performance and compliance

IBM Cognos 8 Controller

IBM Cognos 8 Controller provides the finance function with unmatched capabilities for managing the consolidation, and reporting process. A menu-driven application that is owned and managed by Finance, IBM Cognos 8 Controller can consolidate diverse ledgers representing thousands of operating units and accounts into a common chart-of-accounts structure without the need for coding or scripting.

IBM Cognos 8 Controller speeds up the close cycle time and gives you transparency for Sarbanes-Oxley and IFRS compliance. It supports local, regional, or global requirements, and enables you to adapt to business and regulatory changes in real time. It enables you to spend more time on analysing the data and less time collecting the data and running the consolidation.

Benefits

  • IBM Cognos 8 Controller enables the automation of the entire close process, from data collection through consolidation of financial and non financial data to output.
  • Close cycle times are reduced while data security and integrity is increased.
  • IBM Cognos 8 Controller reduces risk and provides an enterprise view of all financial ratios and results. Greater visibility allows for better strategic decision making across the organization, while at the same time easing the external reporting and compliance.
  • IBM Cognos 8 Controller allows the leverage of current IT investments. As a centralized system it meets the demand for secure and reliable data. In combination with enterprise planning and business intelligence it And it offers a complete performance management package from a single vendor.

Features

  • IBM Cognos 8 Controller allows amending of structures such as organizational structures, accounts or additional dimensions with absolutely no coding or scripting to create and test.
  • IBM Cognos 8 Controller accommodates mergers, acquisitions, or reorganizations with ease. Structures and business rules are updated once in a central place and are then reflected throughout the application.
  • IBM Cognos 8 Controller provides critical financial data for regulatory compliance reporting, including Sarbanes-Oxley and multi-jurisdictional GAAP reporting including IFRS.
  • IBM Cognos 8 Controller meets all demands of management and auditors with over 200 pre-written system reports. No custom report creation is needed and fast, instant analysis is possible at any time during the close.
  • IBM Cognos 8 Controller allows consolidation along several tree structures such as legal, management, and tax perspectives, and various data categories such as budget, actual data or forecasts.
  • IBM Cognos 8 Controller will automatically perform inter-company and inter-company profit elimination in all of the consolidation structures.
  • IBM Cognos 8 Controller allows for linking of automatic journals to specific consolidation structures for better support of mergers and acquisitions
  • IBM Cognos 8 Controller’s multi-layer architecture scales to hundreds – even thousands – of users.
  • IBM Cognos 8 Controller uses industry-standard platforms – such as MS SQL and Oracle – to give the performance, data integrity, and security expected of a consolidation system.
  • IBM Cognos 8 Controller uses Microsoft Excel as its embedded interface for easy data entry and reporting with a minimum of user training.

Download the official IBM Cognos 8 Controller leafletfrom the menu on the right.

Solutions

Our cooperation with Addedo works extremeley well. The people are very responsive and knowledgable. And our implementation of Cognos Controller was completed on budget and on time.

-Sybille Streiff, Controlling, Oetiker Group

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