Solutions - Enterprise Planning
Road to Cognos Controller
The Road to Cognos Controller: Performance Management, Consolidation, Closing and Reporting
New regulatory requirements such as BASEL II and SOX, combined with the regulatory requirement to perform GAAP reporting in a global environment place a renewed emphasis on Performance Management (PM) and financial consolidation. Often times, disparate accounting systems and continued dependency on manually intensive spreadsheet processes stretch the limits of The Office of Finance, and increase internal control risk. Finally, increased activity in mergers and acquisitions present an additional challenge in integration and regulatory compliance.

Per a Ventana Research study, a significant number of Senior Finance Managers are concerned over their financial consolidation and close process:
  • For 88% respondents, spreadsheets and the closing process go hand-in-hand
  • For 74% respondents, it is necessary to shorten the length of the quarterly and monthly close
  • For 65% respondents, significant data quality and consistency issues exist

Whether you are using spreadsheets, Cognos Finance, Cognos Controller, or other platforms, Niteo's Performance Management Services help you realize incremental benefits including:
  • Shorter closing cycles
  • Improved forecast reliability
  • Faster, more reliable financial close processes for financial and operating statements
  • Improved control over financial and operational performance
  • Integration with existing Enterprise Planning initiatives

Niteo provides a customized migration plan that addresses the unique needs of your business. Our expertise in Cognos Software, our knowledge of financial practices, and proven methodologies around audits, roadmaps, and migrations deliver increased operational performance while mitigating risk.

Key Features of Cognos Controller include adaptable and scalable components such as:
  • consolidation software owned and managed by Finance.
  • integrated data from multiple systems
  • audit trails to track changes
  • management of complex ownership structures
  • attachment of multiple supporting documents
  • e-signature capabilities
  • web based users interface
  • real time data validation
  • over 200 standard multilingual reports

Take charge of your financials. Partner with Niteo for a successful deployment.

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