If your company has subsidiaries or associates, then group accounting or consolidation is a necessary part of your monthly accounting process. However, it’s never easy.
Intricate eliminations, challenging minority interest calculations and a web of spreadsheets can often leave you feeling overwhelmed. Imagine instead, having more time to interact with your business adding value, rather than collecting and processing data and maintaining spreadsheets.
IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution. It enables finance teams to automate and accelerate the financial close with minimal IT support. It also helps finance teams deliver financial results, create informative financial and management reports and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.
Automate Your Consolidation, Close & Report Process
Automate and streamline consolidation in a single, central application and transform the ability of your finance department to flex and respond to varied reporting requests. Leave time-consuming manual processes behind and produce consolidated financials for management and statutory reporting with ease.
End to End Control
With powerful integration capabilities, this solution provides all the tools you need to control the delivery of certified, consolidated financial and management information.
- Consolidate information from General Ledgers and other source systems
- Automate consolidation entries and processes (such as intercompany and eliminations, minority calculations and foreign currency conversions)
More Visibility and Flexibility
Financial management becomes transparent and data is easily deployed across the entire organisation with IBM Cognos Controller. Seamlessly collect, validate, consolidate and report data for a range of management and statutory reporting requirements.
Empower your finance department to:
- Conduct self-service reporting and analysis
- Access menu driven data and modify workflow menus
- Deliver accurate reports while feeling confident about data integrity and security with an extensive audit trail.