Compliance
Benefits and Value

Regulatory compliance, as part of a corporate governance process, is identified by IBM customers and analyst firms such as Gartner as a valuable contributor towards better corporate performance management.

Companies can drive SOX compliance and simultaneously improve performance with IBM Cognos compliance software.

Trusted results and certification

Do you have confidence in your quarterly and annual report numbers and the process that delivers them?
Does your company have a consistent view of its financial numbers across departments, divisions, and geographies?
Are you able to automate the consolidation process, removing spreadsheets and manual intervention that create risk?
Can you do timely and accurate closings in the face of currency translations, different GAAP requirements, and other multinational issues?
Is the consolidation and approval of financial results completed on time?

IBM, delivers:

The means to unify your data and deliver "one version of the truth" across the organization.
Enterprise financial consolidations to insure accuracy and accountability in the closing process.
Financial reporting to ensure accuracy in delivering the right reports.
The ability to drill down on the numbers to understand what underpins them.
Flexibility for companies to define rules associated with financial information capture and compliance reporting.
Increased efficiency due to data accuracy and reduced errors.
Effective financial process definition and tracking for confident certification.
Adaptability for managing business changes quickly in the closing process.

Information ready for disclosure

Can you see and highlight any weaknesses in any of your disclosure processes?
Are you confident your financial statements accurately reflect a consistent and accurate consolidation process?
Are you able to get a current view of the state of your controls in order to identify and manage control risks?
Do you have adequate visibility into operations to assess events that may require disclosure?
Are the people at the frontlines aware of the new material events the company must now disclose?
Can you adapt your forecasts in the face of sudden material events?
Can you quantify the impact of external events and deliver a strategy that maintains investor confidence?

Timely reporting

Can you meet the new deadlines for delivering your annual and quarterly reports, and do you have right level of confidence in the processes?
Can you file your annual reports in 60 days, rather than 90? Can you file quarterly reports in 35 days, down from 45?
Can you report effectively across multiple currencies, different GAAP requirements, and other multinational reporting issues?
Would you be aware of the loss of a significant customer, or change in key supply-chain elements, within two business days of the event occurring?

Additional Resources:

Consolidation: Laying the Groundwork for Sustainable Compliance

White Paper

Laying the Groundwork for Sustainable Compliance.

Performance & Compliance: Neither is Optional

Online Demo

Learn how to deal with the paradox of managing compliance while improving performance. This microsite offers valuable insights on how you can streamline consolidation, compliance and reporting processes - while enhancing performance management.

IBM Cognos Group Consolidation Performance Blueprint Application Brief

Application Brief

Manage financial records to comply with European reporting standards—read about the International Financial Reporting Standards (IFRS) Blueprint.

From Seven Weeks to Seven Seconds: Performance Management at HSBC Hong Kong

Customer Testimonial

Read how HSBC Hong Kong used to unite systems and processes and reduce reporting time from seven weeks to seven seconds.

Performance & Compliance—Neither is Optional

Web Link

Listen to industry experts, view product demos and download valuable research.