Document

Report
Enterprise Disclosure Management
IBM Cognos FSR
Visit us on the web:
http://www-01.ibm.com/software/analytics/fsr/cognos-fsr/
© 2012 IBM Corporation
New Challenges for CFO and Office of Finance
More prominent role of CFO and
Office of Finance:
 Streamline global finance operations
 Re-focus effort to more value added
analysis
‘New normal’ of complex reporting
requirements:
 Regulatory reporting & industry
submissions
 Global statutory reporting
 Consolidate explosion of
financial/operational data
 GAAP to IFRS transition
 Strengthen financial reporting
 Solvency II
 Minimize financial misstatements
 SOX & Dodd Frank compliance
 Proliferation of XBRL mandates
 CSR and Sustainability Reports
 Exchange Listing Requirements
 Increasing enforcement
2
Manual processes no longer sustainable
Management &
 No way to combine financial results with narrative,
Executive
Presentations
Contributorsdescriptive information
 Existing report writing systems incomplete
Reviewers
Consolidations
 Lack of enterprise interoperability
 Over-reliance on MS Word & MS Excel shared via email
ERP
 Manual processes dominate the ‘Last Mile’
Approvers
OLAP
Budget & Variance
Reports
 High degree of risk
 Little or no security,
controls, audit trail or transparency
Document
Managers
Data Warehouse
 Addition of global XBRL mandates adds more complexity
 Manual process is repeated each reporting Statutory
period and
Regulatory Reports
Report
Consumers
3
IBM Cognos FSR – a single, secure platform for enterprise
disclosure management
 Proactively prepare for continuing growth of global regulatory, statutory and investor
demands for more transparency and disclosure
 Ensure proper controls, audit trail and transparency into each step of the reporting
process
 Enforce global process ownership through standardized and streamlined finance
operations
 Enable faster communication between team members – leading to faster judgment and
decision making
 Spend less time on admin and bean-counting processes…
 ….And more time focusing on tasks that enable your organization to make better, more
intelligent decisions
4
IBM Cognos FSR – How it works
Collect
Consolidations
Collaborate/Edit/Approve
Report
IBM Cognos
FSR
Compliance
Checklists
ERP
• Regulatory reports & industry submissions
(incl. XBRL)
• Statutory accounts & reports (10-K/10-Q)
• Monthly/quarterly board books
• Internal formatted management reports
• CEO/CFO Packages
• Press releases & announcements
• Stock exchange submissions
Business
Rules
OLAP
EDGAR-HTML
Data Warehouse
Security
Contributors
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Document
Managers
Reviewers
Auditors
IBM Cognos FSR –Reports integrated to authentic data sources
 Dynamic reports automatically update in near real-time from authentic data sources
 24 x 7 access to authentic enterprise data without involving IT
Integrate with authentic
enterprise data sets
Data flows to reports in FSR
6
IBM Cognos FSR – Eliminate manual processes through automation
 Create reports once…no need for one off or recreating reports each week/month/quarter
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Use “variables” to change once...update everywhere
Variable used is ringed...…and how it looks when the report is generated
7
IBM Cognos FSR – Enhance controls and auditability
Activity
Business
Dashboard
rules
and
automated validation
Workflow
Robust
audit
&
Task
trail
Management
reporting
 Visibility
Track
all into
changes
every–step
who
of
made
the approval
theatedit?
When?
Where?
See
FSRwhat
automatically
everyone
finds
is
working
errors
on
and
report
anyprocess
time
discrepancies
 Integrate
Compare
and
blackline
stepsany
to compliance
2the
versions
checklists
the document
to ensure proper checks are
Completeworkflow
transparency
into
processof
completed
8
IBM Cognos FSR – Integrated ‘Tag Once’ XBRL Tagging
 Extend controls and transparency to XBRL tagging
 Experienced global XBRL services & support
 Support for multiple global XBRL XBRL & iXBRL taxonomies
EDGAR-HTML
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How do customers use IBM Cognos FSR?
 Local & regional statutory reporting
 Regulatory reporting
 Solvency II
 Global XBRL tagging & filing requirements
 GAAP to IFRS conversion
 Internal performance reporting and file
management
 Controls & compliance requirements
 Public sector budgets and annual reports
 Corporate Social Responsibility (CSR) reports
 Stock Exchange reporting requirements
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