products

Financial Consolidations

Cognos 8 Controller provides Finance organizations with unmatched capabilities for managing the close, consolidation, and reporting process. An automated, menu-driven application that is owned and managed by Finance. Controller can consolidate diverse ledgers representing thousands of operating units and accounts into a common chart-of accounts structure.

Controller reduces close cycle times and gives you the transparency that is essential for sustained compliance with Sarbanes-Oxley and IFRS. It supports local, regional, or global requirements, and enables you to adapt to business and regulatory changes in real time.

What Controller Offers to Finance Leaders
Controller offers critical benefits for the key members of your finance team and for the CIO, who need to ensure compatibility with existing IT investments:

• For Corporate Controllers: Cognos 8 Controller 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 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 eases external reporting and compliance.
• For the CIO: Controller allows the CIO to leverage current IT investments while ensuring that the 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 business intelligence across a single architecture and platform.