A complete solution for consolidation, reporting and analytics

IBM Cognos Controller is a financial consolidation and close solution that helps organizations manage their financial close process. It provides a single source of truth for financial data, which enables organizations to improve accuracy, reduce risk, and streamline their financial processes.

One of the key strengths of IBM Cognos Controller is its ability to automate financial consolidation processes. It provides a user-friendly interface for creating and managing consolidation rules, which can help organizations to standardize their processes and reduce errors. It also includes features for intercompany reconciliation, currency translation, and journal entry management, which can further streamline the financial consolidation process.

Another key feature of IBM Cognos Controller is its ability to support multiple reporting standards, including US GAAP, IFRS, and local GAAPs. This makes it a popular choice for organizations with global operations, as it allows them to manage their financial reporting across multiple jurisdictions.

IBM Cognos Controller also includes features for financial reporting and analysis. It provides a range of pre-built financial reports and templates, which can be customized to meet specific organizational needs. It also includes a web-based interface for report distribution and collaboration, which can help improve communication and collaboration among finance teams.

Overall, IBM Cognos Controller is a powerful financial consolidation and close solution that can help organizations improve accuracy, reduce risk, and streamline their financial processes. Its automation capabilities, support for multiple reporting standards, and reporting and analysis features make it a popular choice for organizations looking to improve their financial close process.