IBM Cognos® 8 Controller is financial consolidation software that supports the complete close, consolidate, report process—all in one solution.

Automate your close process with a full suite of financial consolidation software that is operated and managed by the office of finance. Deliver a complete portfolio of financial results, create financial and management reports, and perform analysis on an integrated business intelligence platform.

• Prepare financial information in a centralized environment for accurate, auditable financial results and end-to-end control of the close process.
• Consolidate thousands of accounts into a common chart-of-accounts structure.
• Evaluate results for multiple countries, currencies and legal entities, each with its own accounting policies intact.
• Put finance professionals in control with self-service reporting and analysis.
• Empower the CFO with an enterprise view of key financial ratios and metrics.
• Provide financial transparency and support cost effective, sustainable compliance with IFRS, Sarbanes-Oxley, and emerging regulations.
• Meet the needs of managers and regulators with more than 200 pre-configured, standard reports.
• Support better planning and forecasting with consolidated management data based on a clear link between statutory and management consolidation.
• Deliver financial reports enterprise-wide through integration with IBM Cognos TM1 and IBM Cognos 8 Business Intelligence

Features and benefits

IBM Cognos® 8 Controller sets the standard for financial consolidation software with a comprehensive suite of capabilities for financial consolidation, and management and financial reporting. It delivers the timely, accurate information that Finance organizations need for regulatory compliance, planning, analysis and performance management.

Prepare local or global financial consolidation

• Consolidate multiple views of the enterprise from legal, management, and tax perspectives, or in terms of budgets, actuals, plans and forecasts.
• Automate allocations between companies, accounts, and business dimensions.
• 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.

Finance manages the process

• Save time with more than 200 pre-configured, ready-to-use reports.
• Accommodate mergers, acquisitions or reorganizations with ease. Update structures or business rules once and see changes reflected throughout the application—automatically.
• Amend entities, structures and account details without coding, scripting, or complex language to create and test.
• Ensure data consistency with a validation process that reconciles data for accuracy and notifies you immediately of any inconsistencies.

Financial reporting and analysis from a broader perspective

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

Integrate easily with current and future IT environments

• Enjoy highly scalable, high- performance, OLAP-style analysis and reporting using a warehouse created by seamless integration with IBM Cognos TM1.
• Perform data entry, modeling and calculations with an embedded Microsoft® Excel® interface.
• Ensure current and future support for your investment with a centralized, open-standards database and the enterprise-class architecture of IBM Cognos Business Intelligence.