IBM Cognos 8 Controller modernizes financial consolidation and corporate reporting for compliance and Performance.
It provides all of the financial and management consolidation capabilities your office of finance needs to:
- Prepare and consolidate financial
- information in a centralized,
- controlled, compliant environment
- Enable automation and control of
- financial consolidation processes
- Automate and control consolidation
- activities and accounting processes
- Manage, control and certify financial
- statement reporting
- Transform consolidation for performance management
- Ensure the end to end completion of the close process
These capabilities include data collection, validation, single currency creation, minority interest holdings, intercompany eliminations, group closing adjustments, management adjustments, allocations, advanced formula calculations and compliance testing. IBM Cognos 8 Controller also provides support for all local jurisdictions for consolidated financial reporting and multilingual support. The allocations and advanced formula capabilities represent a major breakthrough because, normally, allocations and data calculations are performed in separate spreadsheets and are not included in the consolidation process, creating limitations and performance issues.
