logicalis template for powerpoint presentations
TRANSCRIPT
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IBM Controller
CLOSE | CONSOLIDATE | REPORT
Memuna Janneh
Cognos Consultant, Logicalis UK
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About Memuna…
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Principal Consultant - Financial Consolidation solutions, LUK
Expertise IBM Cognos Controller & IBM Cognos TM1
BackgroundExperienced Group Accountant with over 15 years experience in implementing financial reporting solutions worldwide.
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Internal
External
investorscustomers/supplierspartnersindustryauditors regulators state authoritiesfinancial institutions
business managersbudget holders board senior management
employees
Financial Performance Management
…Who for?
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Financial Performance Management
…What info?
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Internal
External
compliance.
profitability.
liquidity.
efficiency.
business
insights.operational
info.
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Finance
HR
Treasury
Tax
Operations
Group Finance
Financial Performance Management
…How?
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Financial Performance Management
…How?Group hierarchy…multiple entities (bottom-up)…multiple geographies…multiple lines of business…multiple currencies…several regulations – GAAP, IFRS, industry disclosures, etc.…not standardized
Group Finance
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An offline approach…
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• Unsecure• Fragmented (difficult to control)• Complex audit trail• Data integrity issues• Maintenance issues (not
centralised)• Static (no dynamic drilldowns)• Limited granularity• Version control issues• Difficult to track progress• Multiple versions of the truth• Cumbersome to
manage/change/update• Protracted close cycle
Multiple sources
Computations Validations
Complex links
Manual
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The IBM way…
CONTROLLER
TM1
CAPTURE
Consolidatethe
Financials.
REPORT
CDM
TM1(WEB)
BI
Data modeller.
slice, dice. Planning.
In-built TM1
publisher
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…a financial consolidation software solution specifically designed forfinance users, to automate & accelerate the “close, consolidate& report process” of multi-entity organizations.
Secure
Accelerated processing
Automatedcalcs & recs
Centralized maintenance
Integration
Centralized control
Built-in approvals
Status tracking
Dynamic drilldown
Auto-validate
Fast close
Granularity
Audit trail
Single version of the truth
Finance owned
IBM Controller is…
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Deployed to suit…
Cloud basedOn premise
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DEMO
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‘A SINGLE VERSION OF THE TRUTH’Management, Planning & Statutory data centralized in one
system