The Office of Finance is challenged day after day with the complexities of managing the spectrum of financial reporting requirements. Financial reporting is extremely important for all companies, yet many organizations are implementing a broken process—the main flag being manual document production. This process presents more challenges than it solves. Even once the task of closing the books and consolidating data is done, the preparation and distributing of both financial and management reporting begins and the cycle resets itself.
Typical organizations experience a myriad of issues with this process because they are still using slow, manual, error prone processes to produce the most visible and sensitive documents: Management Reports, Quarterly or Annual Reports, 10K, 10Q, EDGAR and XBRL – or any other statutory or regulatory reports which require you to marry numerical information with extensive amounts of narrative.
If you find yourself continually putting out fires during this process, you’re going to want to take advantage of our holiday season deal. We’re offering existing Cognos TM1 and/or Cognos Controller customers a deep discount on IBM Cognos Financial Statement Reporting (FSR) licenses. This is a rare opportunity for customers to save significantly as they expand their performance management capabilities and streamline the financial reporting and disclosure management process.
So why Cognos FSR? IBM Cognos FSR is a market leading solution that seamlessly integrates with Cognos TM1 & Cognos Controller to allow you to control, automate and audit the “last mile” of the financial reporting process.
With Cognos FSR your Finance teams can:
- Automate and streamline the entire financial close process, from period-end to filing.
- Ensure timely and accurate reports; enabling Finance professionals to re-focus on analysis to identify risks and opportunities faster – rather than focusing on data collection and validation.
- Obtain robust narrative analysis based on authenticated data – ensuring efficient and effective analysis and decision making across the enterprise.
- Create intelligent processes through automation, integration of disparate data sources, enhanced controls over finance operations, and marrying narrative analysis with BI and CPM data and reports.
But we’re not the only ones who see the value of Cognos FSR, the Head of the Consolidation and Financial Statements department, Fresenius Medical Care said of the tool, “The reporting process has become more efficient and can now be controlled much more effectively. Version control, change histories and current-status reports, which are available at any time, provide us with the necessary compliance and security.”
If you’re looking for more information about Cognos FSR, read some of our whitepaper and case study resources listed here or watch this on-demand webinar. To enjoy the benefits of this solution and take advantage of this exclusive discount or simply request a live demo, please contact our consulting team. This offer is only available until December 31, so don’t wait.
Of course, if you are not a TM1 or Controller customer and have an interest in Cognos FSR, please just contact us for more information.