IBM Cognos Controller
Customer Challenges
What is IBM Cognos Controller
Cognos Controller is a comprehensive solution that offers power and flexibility for streamlined, best-practice financial consolidation and reporting — all in one solution.
Its full suite of capabilities delivers a complete portfolio of financial results and provides an integrated platform for financial and management reporting. A web application for reporting site users offers an efficient way of reconciling and submitting data. And an on-cloud deployment option helps organisations meet their individual IT requirements without limiting future options.

Benefits
Financial teams drive efficiencies, accuracy and reliability into the close cycle
by making use of out-of-the-box capabilities to improve and automate:
Data collection and validation
Reconciliations
Workflow and tasks to improve the close cycle
Currency conversion
Minority interest calculations
Inter-company eliminations
Group closing adjustments
Management adjustments
Allocations
Advanced calculations and compliance testing
Consolidated financial reporting for local jurisdictions and multilingual
reporting that supports IFRS, FASB, Basel II and Sarbanes-Oxley
requirements and is designed to handle any GAAP or regulatory environment
TIME SAVING BENEFITS
Trim days off your monthly close process by automating data collection, data entry and time-consuming consolidation and accounting procedures
OPERATIONAL BENEFITS
Know exactly where your entities are throughout the close process
See who has submitted and processed their consolidations or completed inter-company eliminations
FINANCIAL BENEFITS
Improve the integrity of your financial data with detailed audit trails, tracking data flow throughout the consolidation process and maintaining accountability
PROCESS BENEFITS
Embrace a self-service, finance-owned and managed solution, giving you real-time data updates and the flexibility to easily define and maintain rules and processes

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