Consolidation Overview
COA Solutions are proud to be a certified reseller and services provider of the Cognos 8 Contoller solution (Formerly Frango). The best of breed Consolidation solutions will help you business automate its entire close process with a full suite of consolidation capabilities that deliver a complete portfolio of financial results and an integrated business intelligence platform for financial and management reporting and analysis.
- Prepare and consolidate financial information in a centralized, controlled, compliant environment to ensure the end-to-end completion of the close process.
- Put finance users in control with self-service, automation and reporting and analysis functionality.
- Manage, control and certify financial statement reporting.
- Evaluate financial results with confidence and accuracy for multiple countries, currencies and legal entities, each with their own accounting policies intact.
- Support better planning and forecasting with reliable consolidated.
Features & Benefits
IBM Cognos® 8 Controller sets the standard for satisfying accounting demands for consolidated reporting and business demands for financial and management reporting. This full suite of financial and management consolidation capabilities delivers a complete portfolio of financial results, and provides an integrated performance management platform for financial reporting, analysis and planning.
- Finance manages the process
- Prepare global and local financial consolidations
- Manage performance from a broader perspective with financial reporting and analysis
- Breakthrough synergy with IBM Cognos performance management solutions
- Integrate easily with current and future IT environments
Track data to its source. Finance manages the process
- Amend entities, organizational structures or account details with absolutely no coding, scripting, or complex language to create and test.
- Accommodate mergers, acquisitions or reorganizations with ease.
- Update structures and business rules once and see them reflected throughout the application automatically.
- Provide critical financial data for regulatory compliance reporting, including Sarbanes-Oxley (SOX), IFRS and multi-jurisdictional GAAP reporting.
- Meet the demands of management and get instant analysis any time during the close with more than 200 pre-configured, ready-to-use reports.
- Prepare and certify financial results that support the requirements of external and internal stakeholders.
Prepare global and local financial consolidations
- Consolidate multiple views of the enterprise from legal, management, and tax perspectives, or in terms of budgets, actuals, plans and forecasts.
- Ensure data consistency with a thorough validation process that readily reconciles data for accuracy and notifies you immediately of any inconsistencies.
- Automate allocations between companies and accounts, as well as business dimensions.
- Perform advanced formula calculations using YTD values, averages and multiple periods combining financial and non-financial metrics.
- Make investment adjustments for complex ownership situations, such as region-specific consolidations and reporting in Brazil, Denmark and the Netherlands.
- Collect and present financial data in multiple reporting and transaction currencies.
Manage performance from a broader perspective with financial reporting and analysis
- Meet the requirements for consolidation reporting, financial reporting and management reporting—using a single solution.
- Use standard reports, measurements and metrics for scorecarding, dashboards and ad hoc analysis and financial reporting to deliver operational, management and financial information.
- Model alternative business scenarios and assess the impact by entity, business area, product or customer with detailed “what-if” analysis.
- Work with financial information in real time or scheduled, depending on your specific requirements.
- Define critical success factors and link strategies to specific plans and metrics using embedded dashboards.
Breakthrough synergy with IBM Cognos performance management solutions
- Centre consolidation with planning, analytics and reporting standardization when you use Cognos 8 Controller as the foundation for Cognos BI.
- Ensure process and information delivery with the integration of data processing and management capabilities with IBM Cognos BI and Cognos TM1.
- Exploit the full range of a single performance management system that includes the full suite of IBM Cognos solutions and the industry’s most comprehensive business intelligence platform.
Integrate easily with current and future IT environments
- Ensure current and future support for your investment with a centralized open-standards database and enterprise class architecture that provides efficient processing and administration.
- Process massive data volumes quickly and efficiently and allow access by large numbers of users, regardless of their location.
- Centralized database ensures efficient processing and administration, and a single, shared source of strategic data offers accessibility and speed, regardless of user location.
- Enjoy the high performance, data integrity and rigorous yet flexible security provided by industry-standard platforms and databases.
- Perform data entry, modeling and calculations with ease using the embedded Microsoft© Excel© interface enables easy data entry, modeling, calculation and reporting.