The financial consolidation process is often time-consuming, complex and chaotic because of last-minute adjustments. In spite of these challenges, finance professionals are under constant pressure to meet strict deadlines, report on more data in less time and meet ever-evolving regulatory compliance standards.
Finance teams require a robust financial consolidation and reporting solution to help them meet increasing demands and provide centralized control and management over the financial-close process. With robust automation, built-in internal controls, and GAAP and IFRS support, providing certified financial information is simple.
Trim days off your monthly close process by automating data collection, data entry and time-consuming consolidation and accounting procedures.
Know where your entities are throughout the close process. See who has processed their consolidations or completed inter-company eliminations.
Improve your financial data integrity with detailed audit trails, track data flow throughout the consolidation process and maintain accountability.
Embrace a self-service finance-owned and managed solution with real-time data updates and the flexibility to define and maintain rules and processes.
IBM Cognos Controller offers a full suite of capabilities that deliver a comprehensive portfolio of financial results and provides an integrated platform for financial reporting.