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Cognos Controller

IBM Cognos Controller is financial consolidation software that supports the complete close, consolidate and report process. Automate and accelerate the close process with a full suite of financial consolidation software designed for finance users. Cognos Controller allows you to deliver complete financial results, create financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Cognos Controller Reviews

I would use this again
(Experienced Financial Projects Manager at ARSIMA Projects)
Business where it was used: Revenue: $100 - $999M, Industry: Industrial
Cognos controller originally comes from Frango, the leading consolidation solution several years ago. Many Frango features were taken over in to Controller. For one of my customer I upgraded them from Frango to Cognos Controller some years ago (2009-2010). Next to related changes in procedures and workflows, it took me about 3 months (with great assistance from one Cognos Belgium person at that time). The software can be considered as the "bespoke Rolls-Royce" (I am exaggerating, but only a tad). You can define e.g. all journal entries yourself, within specific guidelines linked to journal definitions. Sub-consolidations are easily included and the intercompany matching (THE hurdle in many consolidation processes) functionalities and reports are very impressive. They will guide you through all the mismatches (timing, currency exchanges). Cognos controller will most probably be able to provide you an answer to very specific and tricky consolidation issues. This cover-all aspect comes at a price: it is a bit cumbersome to set up to take into account all kinds of possibilities. If you have a simple consolidation scope, not looking at complicated evolutions in a near future, Cognos controller might be a slight overkill. However, if you want to be sure that your software can tackle all kinds of situations while climbing the consolidation mountain, Cognos Controller will you trusted "sherpa"
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1 Rating, 1 Review
1 out of 1 would use this again

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