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Posts from the ‘Close, Consolidate, Report & File’ Category

Aug 25

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IBM Cognos Controller 10.1 & the Financial Consolidation process: A perfect automated marriage

If asked to describe their financial consolidation process most corporate finance teams might spit out a few unprintable adjectives as they attempt to explain their effectiveness in harnessing all of the moving parts in this bear of a process.  The primary issue they have is managing all of the inputs and one-offs throughout each step, making it difficult to track or audit it because of their lack of transparency, visibility and ultimate control over it.   Read more

Aug 23

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The Close, Consolidate, Report & File process: Without Automation & Embedded Controls It’s A House Of Cards

“Get your house in order.”  This expression is referenced everywhere.  I hear politicians repeatedly using it: “Before we start talking new taxes or entitlement reforms we gotta get our house in order.”  Sports figures too: “We had a great practice today but, before we think about competing for the division title, we gotta get our house in order.”   Read more

Aug 10

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Financial Performance Management & The Agile Enterprise: Two Sides of the Same Coin

Ever sat through a presentation and thought to yourself, “I have no clue what that person just said for the past 45 minutes!” It’s the ‘you lost me at hello’ problem. Between all of the business buzzwords, consulting jargon and vendor speak it’s at times difficult to comprehend what’s really important in all of that gobbley-gook presentation schtuff. Read more

Jun 30

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IBM OpenPages & IBM Cognos FSR for Financial Governance, GRC, Disclosure Management & XBRL

In yesterday’s Financial Performance Insider Webcast, a monthly webcast series brought to you by Business Analytics software at IBM, we delivered business content to our global customer community highlighting important business practice updates about today’s ever-evolving regulatory, compliance, financial reporting and risk management landscape and Read more

Jun 20

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Business Forecasting, Tomorrow’s Winning Lottery Ticket, and Measure Twice, Cut.

What if you had tomorrow’s winning lottery ticket number?  Imagine the possibilities.  Quit your job?  Travel the world?  Buy that convertible Bentley you’ve always wanted?  Addition to the house? Pay off those nagging debts? Think about the impact of knowing what a stock price will be next week, or knowing when your car is going to break down, or Read more

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