Cognos Financial Statement Reporting

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Automate internal and external financial reporting to reduce risk

IBM® Cognos® Financial Statement Reporting automates and enhances controls over management reporting and external financial reports and disclosures to help reduce risk and improve efficiency. It transforms the way organizations manage and deliver critically important reports to senior management and external disclosures to regulators and stakeholders.

Cognos Financial Statement Reporting features include:

Enterprise disclosure management—ensures timely, accurate delivery of performance reports and narrative analysis to internal and external stakeholders.
Financial management process automation—automates statutory, regulatory and management reports, and reduces the risks inherent in spreadsheet-based processes and activities.
Global XBRL compliance—speeds and simplifies global extensible business reporting language (XBRL) compliance.
SEC compliance and regulatory/public sector reporting—helps chief financial officers reduce risk and improve efficiency in their most critical reporting processes.

Enterprise disclosure management

Automates the creation of statutory and regulatory reports throughout a global operating framework.
Offers a collaborative environment where many contributors can participate in the creation of financial data, narrative analysis and XBRL-tagged filings.
Provides an audit trail with a seamless connection to source data.
Helps you produce global statutory and regulatory submissions more efficiently with more controls and in compliance with appropriate regulatory bodies.

Financial management process automation

Automates reporting processes for management reports, operations reports, board books, and strategic planning and forecasting reports.
Pulls data from a variety of financial and non-financial sources into a unified reporting platform.
Helps create, format and validate highly sensitive reports quickly, accurately and securely.
Provides executive, financial and operational leaders with accurate, timely data and analysis to make better and faster business decisions.

Global XBRL compliance

Integrates XBRL into the external reporting process. Helps to make the tagging, validation and creation of XBRL documents more efficient and less error-prone.
Supports many global GAAP and IFRS base and extension taxonomies.
Supports industry-specific taxonomies such as Solvency II for insurance and COREP/FINREP for banking and lending institutions.
Adds integration, controls, automation and audit trail to ensure data integrity and enhance governance in daily finance and accounting processes.

SEC compliance and regulatory/public sector reporting

Automates the creation of 10-K, 10-Q and other U.S. Securities and Exchange Commission filings.
Produces external financial documents more efficiently, with more controls, and in compliance with Sarbanes-Oxley.
Helps create many types of federal, state and local government reports including A-11 budget and A-136 financial reports, CAFRs, and more.
Provides a comprehensive solution for creating and managing CSR reporting including GRI reports on sustainability.

Cognos Financial Statement Reporting resources

White paper: The single most important document: Moving annual reporting into the 21st century
Read about the benefits of automation and enhanced controls with Cognos Financial Statement Reporting.

White paper: Twenty-three reasons why companies choose integrated XBRL
Learn about the benefits experienced by companies that chose an integrated XBRL approach for external financial reporting.

Analyst report: Assessing the reporting benefits of IBM Cognos Financial Statement Reporting
Download this Nucleus Research note to learn how companies increased their finance department productivity with Cognos Financial Statement Reporting.

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