IBM Cognos Finance

By consolidating multiple diverse ledgers, with thousands of operating units and accounts, into a single reporting hierarchy, an accurate and accessible view of the cross-organisation structure is provided, at the same time as preserving local reporting templates. Reporting cycles are streamlined in IBM Cognos Finance, so you can spend more time doing what you do best, running your business.

Plans, budgets, forecasts, and actual results often reside in separate systems. Extracting and aggregating data can be time-consuming and error-prone, and using spreadsheets for consolidation and reporting only increases the chance of error. IBM Cognos Finance automatically collects data from general ledgers and other sources, including spreadsheets, and unites it into a single source to provide an accurate, consistent view of enterprise finances.

IBM Cognos Finance offers end-users a financial report-writer for creating income statements, balance sheets, stockholder equity statements, cash flow statements, variance analysis and more. Simple or complex analyses are just a few clicks away and IBM Cognos Finance handles multiple hierarchies for internal management reporting, as well as external statutory reporting and analysis.

IBM Cognos Finance lets you understand your financial performance. It extends the value of source data using a range of functions from simple calculations to complex analysis. IBM Cognos Finance enables you to integrate plan and forecast data with comparatives from other systems for instant visibility to variances. The ability to easily deploy reports and analysis extends financial management expectations and controls to the rest of the organization.

IBM Cognos Finance addresses the following:

• Flexible data interaction-top-down; bottom-up. 
• Collaborative workflow management. 
• Streamlined budgeting, consolidation and financial reporting. 
• Sophisticated financial statements with drill-down functionality. 
• An enterprise-wide solution that supports Windows, Web, and Excel.

With IBM Cognos Finance, your organization can:

• Achieve a consistent view of enterprise financial data to improve financial data accuracy and provide the basis for effective decisions 
• Streamline repetitive financial processes 
• Provide rapid return on investment for your organization 
• Consistently produce up-to-date reports on key performance indicators across plans, budgets, forecasts, and actuals 
• Facilitate enterprise Web deployment