Financial consolidation in an application managed entirely by Finance. We advise IBM Cognos Controller for consolidation in combination with other IBM solutions – for easy data integration. We support clients in navigating through the maze of regulations for group financial statements. The processes of eliminating intra-group transactions and allocations are carried out automatically. The application provides currency conversion, including historical exchange rates, purchases and sales of shares under full consolidation and the equity method. Full historical data enables comparison of selected periods. A transparent workflow allows verification of reporting status by companies. Cognos Controller allows consolidation according to any standards: IFRS, PAS, US GAAP and others. Our consultants support you in parameterising processes and transferring knowledge to the financial departments. Cognos Controller requires no coding or programming knowledge – it is transparent to financiers. A full audit trail of changes and adjustments has been verified by consulting firms.
Data for consolidation can be taken from any accounting system. IBM Planning Analytics and Cognos Analytics are used for data visualisation and consolidation reporting.
Cognos Controller is available in the cloud and on-premises.
