Consolidation

For Consolidation, Réiteach uses IBM Cognos® Controller. Cognos Controller sets a new standard for financial consolidation software with a comprehensive suite of capabilities for financial consolidation and management and financial reporting. Operated and managed by the office of finance, the solution ensures the accurate collection and reconciliation of financial results. It delivers the timely, accurate information that finance organisations need for regulatory compliance, planning, analysis and performance management. 

Highlights

Provides all close, consolidation and reporting abilities

Automates financial consolidation processes

Delivers a complete self-service application, owned and managed by finance users

Integrate seamlessly with enterprise planning, budgeting and forecasting applications

Plays an integral part in the IBM Cognos performance management system

Capabilities

Audit and track data flow throughout the consolidation process. Drill down into details to identify who did what and when.

Customize the process to handle specific consolidation requirements with user-defined business rules (UDBR). Maintain a configurable foundation for finance users, while allowing special consolidations to be constructed on a case-by-case basis.

Ensure data consistency with a validation process that reconciles data for accuracy and immediately notifies you of inconsistencies.

Accommodate mergers, acquisitions or reorganizations by updating structures or business rules once, and see the changes reflected throughout the application—automatically.

Amend entities, structures and account details without coding, scripting, or complex language to create and test.

Automate allocations between companies, accounts, and business dimensions.

Calculate weekly actualities with Cognos Controller Financial Analytic Publisher.

Speed the reconciliation of intercompany balances with reports available for both groups and companies.

View automatic journals at the subgroup level and drill down through Trial Balance by automatic journal type and original company.

View company contributions from the lowest level to the top group with automatic journals.

Integrate financial consolidation into an enterprise performance management system that includes reporting and analysis, scorecarding, planning and budgeting.

Consolidate multiple views of the enterprise from legal, management, and tax perspectives, or in terms of budgets, actuals, plans and forecasts.

Provide critical data for regulatory compliance, including IFRS, multi-jurisdictional GAAP reporting and Sarbanes-Oxley.

Perform advanced formula calculations using YTD values, averages and multiple periods, combining financial and non-financial metrics.

Present certified financial results in multiple reporting and transaction currencies.

Make investment adjustments for complex ownership situations, such as region-specific consolidation and reporting for Brazil, Denmark and the Netherlands.

Allocate transactions, e.g. indirect minorities or acquisition calculations to analyse an individual company's contribution at the top level.

Model alternative business scenarios and assess their impact by entity, business area, product or customer with detailed “what-if” analysis.Use standard reports, measurements and metrics to deliver operational, management and financial information for scorecarding, dashboards and ad hoc analysis.

Meet the needs of managers and regulators with more than 200 pre-configured, standard reports.

 

Download Data Sheet: IBM Cognos Controller data sheet (601KB)