Submitted by Tim O'Bryan, Business Unit Executive, BA Market Strategy and Portfolio Marketing
IBM Cognos Financial Statement Reporting (FSR)
is making inroads with many organizations as they grapple with the demands of disclosure-related processes and their related reporting requirements. We’re seeing successes all over where finance departments are realizing massive time savings not to mention having the absolute confidence in their reported figures as a result of implementing IBM Cognos FSR. New SEC reporting requirements due by year end are one of the catalysts for this but there’s certainly other reasons for companies adopting this solution, including greater financial governance, enablement of XBRL, as well as other internal performance reporting needs. It’s been fun seeing organizations transform this process into something that’s now almost as simple as 1-2-3.