Applications to run your business need to reflect the changes that impact your business, like new rules, regulations and compliance policies. IBM is keeping up with the changes with some updates to the Cognos business intelligence suite. CIO Update has the details.
IBM has rolled out improvements to its IBM Cognos financial analysis applications that it said will help customers keep pace with the lightning-quick macroeconomic events that impact their annual budget and sales projections.
The upgrades, released Tuesday for its IBM Cognos TM1 in-memory analysis tool, add support for unlimited, dynamic hierarchies allows for greater flexibility and opportunities to react to sudden changes in their respective markets, according to IBM.
IBM (NYSE: IBM) is debuting a new version of its Cognos 8 Controller to extend the core financial consolidation capabilities of the application with “enhanced allocations and stronger formula calculations” used for preparing financial reports and analyses.” It promises real-time synchronization with IBM Cognos TM1 to enhance the reporting and analytics data so C-level executives can get a snapshot of the true and current business climate for their products.
The goal is to give CFOs a dashboard with certified and auditable financial results for external reporting and performance management.