Outsource Cognos 8 Controller Reporting

Thomas and Alex focuses on organizational efficiency achieved by financial solutions that perfectly integrate with advanced technology, systematized business processes and a highly skilled staff. The expertise that our staff can render lends a solution to your needs. Accounting regulations like the Sarbanes-Oxley act and International Financial Reporting Standards (IFRS) are demanding increasing accountability, transparency and corporate governance from organizations..

• One of the best performance management platforms available for global companies
• Identify performance indicators and track them through dashboards
• Cognos 9 helps convert organizational plans to concrete financial goals
• One of the best performance management platforms available for global companies
• One of the best performance management platforms available for global companies

Reporting standards are rapidly changing to satisfy regulations and a robust financial system is more vital than ever Performance management is the requirement for any organization and business strategies demand consolidation and financial reporting processes that reflect stable, reliable and control free systems. Cognos, is one of the best performance management platforms available for global companies. Cognos 8 Controller is a web based comprehensive financial solution with powerful computing and flexibility. It is developed on an industry-leading stable data platform, with built-in intelligence, advance analysis, decision support and manages stringent regulatory compliance. Cognos 8 Controller provides strong support for regulatory compliance and auditing. It has modules for IFRS, FASB, Basel II, Sarbanes-Oxley requirements and multi-jurisdictional GAAP.

Financial Performance Management

A Comprehensive Platform

Cognos 8 Controller is a true enterprise solution. At its heart is a centralized database for administration and data processing. Cognos 8 Controller uses standard open databases like MS SQL and Oracle to help us provide highly sophisticated computing, data security and data integrity. We as users have easy to use menus with automated and smooth data collection and dissemination. Cognos 8 Controller is a distributed solution for rapid data access and enables continuous feedback and strong decision support integrating well with your existing IT infrastructure thus reducing costs.

User Control

Unlike enterprise systems installed and managed by IT divisions, Cognos 8 Controller is perfectly built to be managed by Finance and Accounting professionals. With Cognos 8 users are in control with an easy to use management interface to edit entities, accounting details and organizational structures when required. With short implementation cycles and low cost of ownership it provides support for versatile reporting, statutory and financial consolidation, planning, dashboards and in-depth analysis. A true user focused system; it provides a choice of interface between Excel and a Web browser. We can access Cognos 8 Controller's functionalities from within an excel environment thus increasing information management. Extending it with excel features provides strong data input and formatting control.

Consolidation - Meeting Regulations

Data Collection

With Cognos 8 Controller we can collect data from virtually any data source, like Microsoft Word and Excel, e-mail attachments, web pages or data stored on your hard disk. Multiple users can input data into the system with easy to design forms which can be manually or automatically created, along with the feature to attach supporting documents, comments and reporting manuals to extend understanding of the data.

Data Accuracy

With Cognos 8 we can keep data integrity and consistency utmost while the reconciliation and consolidation process is on. It has an intensive data validation process to weed out any inconsistencies in data and if inconsistencies are found an alert mechanism is used to notify users.

Data Consolidation

For sound decision making a "single truth" view is required, which Cognos 8 Controller enables through its manual and automated consolidation process. The integration is done with enough controls and checks to manage the entire process, from data entry to report creation to presentation in printed or electronic formats. The system identifies users who have submitted data by using a color coding system and the ability to lock data periods and versions by users, limit chances of error.

Currency Control

It is inevitable in today's business to limit transactions locally. Most organizations have transactions by way of imports or exports spanning multiple currencies, leading to higher management cost and revenue loss due to fluctuations. Cognos 8 Controller provides us with the functionality for currency conversion using user defined rates, simulating fluctuations, different currencies for reports and finally presenting them in the currency suited for your management reporting.

Regulatory Compliance

With Cognos 8 Controller we can maintain clear audit trail and user changes at various points, evaluate and analyze them for better compliance and internal control. During consolidation, we can capture adjustments and accounting changes by date and time of data access and by monitoring approvals and by keeping an unchanged version of source data.

Supporting Strategic Decisions

TA can gain quick access to data for financial analysis through the 200 pre-built reports in Cognos 8 Controller. By providing reliable data coupled with seamless integration with Cognos 8 Business Intelligence, Controller information can be effortlessly accessed for analysis, reporting, dashboards and event management.

Managing Change

With a bullish market supported with good investment climate companies are bringing structural changes and looking for acquisitions. Cognos 8 Controller has intelligent options built-in that assist us to handle entity level changes to your organization and to track progress and adjustments to accounting. According to a defined system configuration buying or selling a company can be easily adjusted automatically.

Analysis

Financial information from Cognos 9 Controller feeds corporate planning and decision making. Cognos 9 helps convert organizational plans to concrete financial goals, the system allows modeling alternative business scenarios, simulate business opportunities, products and customers. To support decision making at top management level we can simulate detailed what-if analysis, currency adjustments, legal and regulatory forecast and consolidation. We can identify performance indicators and tracking them through dashboards through Cognos 8's strong monitoring functionalities. By defining critical success factors and studying actual to targets, watch industry trends, model alternative opportunities and simulating results of decisions, you as executives can take timely action. Cognos 9 Controller leverages other enterprise level Cognos solutions for the industry, for enterprise planning, budgeting, forecasting, score carding, analysis and management reporting. Cognos 9 Controller can extend its effectiveness when integrated with Cognos 9 Business Intelligence tool with an efficient enterprise wide reporting, analytics, score carding and event management functionalities. At TA, we constantly keep abreast with new tools and accounting changes, providing you with solutions that are tailor-made to address your business needs.

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