The BMA advantage
BMA has assisted many blue chip clients to drive high performance and compliance through our business expertise in financial consolidation utilising IBM Cognos Controller, a superior solution for the preparation of consolidated reporting.
What makes IBM Cognos Controller unique is that it is a fully-functional, easily implemented financial consolidation and reporting solution that facilitates the (1) data collection and validation; (2) consolidation; and (3) reporting processes for both management and statutory reporting within medium to large organisations.
With IBM Cognos Controller, and our extensive development and installation experience, BMA has assisted companies to overcome their consolidation challenges – including:
- Long, tedious consolidation and reporting cycles.
- Data that is difficult to source from multiple, often non-standard systems.
- Extreme time pressure to consolidate error-free financial data for accurate financial reports and analyses.
IBM Cognos Controller delivers exceptional financial consolidation capabilities that support the complete close, consolidate, and report process – in a single web-based solution. With powerful computational ability, flexibility and integration capabilities, this solution provides all the tools you need for the controlled delivery of certified and consolidated financial and management information.
IBM Cognos Controller makes it simple to combine reporting functionality with planning applications. Financial management becomes transparent and data can be easily deployed across your company.
Get more detail by downloading our IBM Cognos Controller product overview.
Contact BMA today if you believe IBM Cognos Controller could enhance the way you do business.
Product overview and features
IBM Cognos Controller provides an integrated platform for financial statement reporting, financial reporting and analytics, corporate planning, scorecarding and analysis. It can consolidate diverse ledgers – representing thousands of operating units and accounts – into a common chart-of-accounts structure. With an enterprise view, you can easily evaluate results for multiple countries, currencies and legal entities, each with its own accounting policies intact.
This robust solution has a full suite of financial and management consolidation capabilities, which incorporate data collection and validation, single currency creation, minority interest holdings, intercompany eliminations, equity accounting, group closing adjustments, full audit and reconciliation.
In addition, IBM Cognos Controller is the only solution that includes real-time access to more than 200 pre-configured, standard reports and ready-to-use financial analytics to satisfy a host of management and regulatory demands. These are automatically available at key stages of the close process.
IBM Cognos Controller delivers a complete self-service platform, which is owned and managed by finance. It seamlessly integrates with other enterprise planning, budgeting and forecasting applications, giving your finance leaders an enterprise view of key financial ratios and metrics.
In addition, integration with other IBM Cognos products offers the opportunity for performance management standardisation from a single vendor, with enterprise planning and business intelligence across a single architecture and platform.
With IBM Cognos Controller, the BMA team can empower your finance department to:
- Automate and transform the close process, and enjoy significantly shorter reporting cycles.
- Consolidate multiple views of the enterprise (legal, management, regional, etc.) and integrate with existing General Ledger(s) and other source systems.
- Automate consolidation entries and consolidation processes (intercompany eliminations, investment eliminations, minority calculations, foreign currency conversions, etc.).
- Conduct individual segment reporting by customer, product or market with self-service reporting and analysis.
- Access rapid, menu driven data and modify workflow menus, while feeling confident about data integrity and security with an extensive audit trail.
IBM Cognos Controller offers critical benefits for your finance leaders. These include:
Instant access to accurate information
With greater visibility across your company, and the right information at your fingertips, your company can enhance communication and improve strategic decision-making. The high quality of financial results eases external reporting and compliance.
Short period of installation and adjustment
IBM Cognos Controller doesn’t require extensive development resources or costly programming. Your can leverage your existing IT skills since users can easily operate the system and perform daily operations without any external reliance. The duration of the project is also much shorter than that of an ERP system.
If your company prepares information for management reporting in different systems, then you are bound to experience ongoing difficulties with reconciliation, alignment and auditing. Because IBM Cognos Controller is a single, purpose-built application, it enables your finance department to prepare financial information for analysis in a centralised, controlled and compliant environment. This eradicates the control risks that require manual intervention and the maintenance of spreadsheet-based ‘shadow systems’.
Scalable for change
Most companies face rapid change, while their IT systems battle to keep pace. Cognos Controller can readily adapt to changing realities, ensuring shorter implementation times and a low total cost of ownership. It accommodates change in the consolidated group, to grow and also to increase application functionality with other IBM Cognos products.
IBM Cognos Controller gives you the transparency that is essential for sustained and cost-effective compliance with Sarbanes-Oxley and IFRS. It supports local, regional, or global requirements such as FASB, Basel II and GAAP and enables you to adapt to business and regulatory changes in real time.
With IBM Cognos Controller, you can put finance professionals in control with self-service reporting and analysis. Because the entire close out process is automated, from data collection to financial consolidation to output, close cycle times are reduced while data integrity is assured.