Cognos Controller and Disclosure Management
Automate and standardize your close, consolidation and disclosure processes
Locus Solutions can help you automate your entire financial close and consolidation process—then streamline the preparation and production of regulatory and management reports and financial statements. Using Cognos Controller to improve financial consolidation you can support the complete close, consolidate and report process. With Cognos Disclosure Management we deliver collaborative, enterprise-scalable reporting and process automation that enables you to merge enterprise data with focused narrative analysis in a controlled, auditable environment.
CFO Research: The challenge of telling your financial story.
IBM Cognos Controller – Automate the close, consolidation and reporting process from data collection to output of management and regulatory reports.
Cognos Controller allows you to deliver complete financial results, create financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.
- Finance owns the consolidation process—Define and maintain all financial consolidation rules and processes from the office of finance – no IT assistance required.
- Full financial close management solution—Address your extended financial close process.
- Scalable to serve both midsize and larger organizations—Handle simple to complex close, consolidation and reporting process requirements.
- Integration with both IBM and non-IBM systems—Work with financial data in a variety of formats.
- Local and global financial consolidation—Meet the complete range of consolidation and reporting requirements including International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP).
- Cloud-based deployment option—Provides the functionality of the on-premise solution with faster deployment.
Cognos Disclosure Management – Reporting and process automation for finance in a collaborative, auditable environment.
IBM® Cognos® Disclosure Management is a secure, collaborative, enterprise-scalable reporting and process automation solution that enables organizations both large and small–from multinationals to midsize companies–to automate the collection of data in a single, dynamic reporting and analysis solution. Multiple participants in different departments can collaborate in the assembly of complex reports, working independently while ensuring that proper controls and approvals are in place.
- Enterprise disclosure management—Combine financial data from a variety of sources with in-depth narrative analysis for internal and external reporting across any department.
- Financial management process automation—Replace time-consuming manual processes with intelligent process design and automation.
- Security, control and governance—Manage documents in a collaborative yet secure environment with visibility into the report generation process.
- Multi-jurisdictional XBRL support—Enable multi-national organizations to use a single reporting/tagging solution.
- Cloud-based deployment—Provide all the functionality of the on-premise solution plus the capability for mobile access and collaboration through the IBM Concert interface.
Demo:
Disclosure Management
Accelerated External Reporting – Tax and statutory reporting in one end-to-end solution.
The IBM Accelerated External Reporting Solution automates the collection of data for tax reporting and GAAP to IFRS mapping, and streamlines the procedures needed to produce external financial statements and meet other essential reporting requirements. The solution combines the capabilities of existing IBM Cognos technologies—TM1, Cognos Disclosure Management, and Business Intelligence. It enables the finance teams to:
- Collect data for tax reporting and regulatory disclosure in a secure, auditable and collaborative format
- Perform GAAP to IFRS (International Financial Reporting Standards) mapping
- Consolidate and aggregate data that has been collected for analytics purposes
- Automate reporting, including tax and external reporting, in a collaborative and auditable environment
- Perform “what if” analysis on any and all data in the solution
