Financial News

News Article

12 October 2011

LSA add Cognos FSR to their Product Portfolio

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In a move which see's LSA add IBM Cognos FSR to their product portfolio, we have added an increasingly important capability to our client's Financial Performance Management (FPM) strategies, allowing them to 'go the last mile' in their overall financial reporting capabilities.

The Last Mile of Finance is a term now commonly used to describe the business processes and activities that take place between the trial balance and the filing of the many statutory reports now commonly required by law. At present, the Last Mile has become much tougher to traverse due to new regulatory disclosure requirements including eXtensible Business Reporting Language (XBRL) and efforts to enhance Internal Controls over Financial Reporting (ICFR).

By enabling our clients to produce automated, complex regulatory reports in a single environment, their internal processes are simplified and monitored with full audit trails, streamlining their workflow, and ensuring reduced compliance risks.

To find out more about Cognos FSR, download and read the product information sheet, here >>

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