In this blog, I’m going to highlight the critical importance of integrating the organization’s financial plan and the actual finance function in general into the operations department-led sales & operations planning process. Yes, in this sales & operations planning process, or S&OP, where future supply and demand plans are compiled, aligning the S&OP with the financial plan results in greater corporate alignment, improved information transparency, and more timely and effective organizational execution. Read more
Hear Dan O’Brien, IBM Product Marketing Manager for the IBM Cognos FSR product and an expert in the financial statement reporting & disclosure management processes for corporate finance departments, discuss the capabilities of IBM Cognos FSR, including how organizations are using this solution, as well as how to get started using IBM Cognos FSR right now.
IBM Cognos FSR is making in roads 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.
Here how IBM Cognos FSR and the processes it enables. Also, see a demo of it in this Financial Performance Insider webinar series.
Click here to view this IBM Cognos FSR webinar!
Imagine entering the cockpit of a modern jet airplane and seeing only a single instrument there. How would you feel about boarding the plane after the following conversation with the pilot?
Q: I’m surprised to see you operating a plane with only a single instrument. What does it measure?
A: Airspeed. I’m really working on airspeed this flight.