taking control of the filing process

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  • 1840 US radio stations

    175MM+ downloads

    241MM listeners (all radio)

  • 2750K+ displays

    over 50 countries

    more than just billboards

    multi-platform reach

  • 3modernizing clear channel

    time to modernize SEC filing at clear channel

  • 4CIK Company State/Country 0001400891 CC Media Holdings Inc

    SIC: 4832 - RADIO BROADCASTING STATIONS formerly: BT Triple Crown Capital Holdings III, Inc. (filings through 2007-07-09) C C Media Holdings Inc (filings through 2009-07-17)

    TX

    0001457737 Clear Channel Capital I, LLC SIC: 4813 - TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE)

    TX

    0001334978 Clear Channel Outdoor Holdings, Inc. SIC: 7310 - SERVICES-ADVERTISING

    TX

    0000739708 CLEAR CHANNEL COMMUNICATIONS INC SIC: 4832 - RADIO BROADCASTING STATIONS

    TX

    4x the fun

    our adventure begins

  • 5in the thick of it

    internalprocess

    technology

    XBRL tagging and taxonomy

    SEC self-filing process

    more than tools

  • 6further confirmation

    rising with the challenges

  • 7in retrospect.

    current overall solution

    BI

    Summary Financial Data(Actual, Budget, Forecast)

    GL Detail from MS

    AX Countries

    Summary Data from

    Non-MS AX GLs

    CCOA and CCME

    SummaryFinancial Data

    (Actual)

    Business Viewpoint(Mappings and Hierarchies)

    FSR

    Controller(CCUS)

    TM1Close

    Analytics

    TM1Plan, Budget,

    Forecast

    IBM Cognos Products

    Other Vendor Products

    Operational Data Store & EDW Controller (CCI)

    Feeder Systems:PeopleSoft and Other GL Systems, BoB, Ratings, Rates, Occupancy, etc.

  • 8current SEC filing solution

    Controller(CCUS)

    TM1Close

    Analytics

    Core FSR

    XBRL

    EDGAREngine

    FSRVariance Commentary

    MD&AStory

    Supplemental Data

    Consolidated Financial Data

    SEC Filing

  • 9roadmap

    Controller(CCUS)

    TM1Close

    Analytics

    Core CDM

    XBRL

    EDGAREngine

    CDMVariance Commentary

    MD&AStory

    Less Excel Supplemental Data

    Consolidated Financial Data

    Supplemental Data

    FAP

    SEC Filing

    Management DocumentReporting

    4 key take-aways

    chewable chunks

    more than tools

    persist through adversity

    kaizen culture

  • 10

    one last thing

  • 11

    dont forget to download

    Thank You!

  • Vision2013Drive Growth. Manage Risk. Optimize Performance.

    May 19-22, 2013 l JW Marriott Grande Lakes, Orlando, Florida

    Preliminary Conference Guide

  • 21

    ibm.com/software/analytics/vision

    Financial Governance and Disclosure Management

    1047Data Collection with IBM Cognos TM1 for Real-time Disclosure Management at PNC Bank

    Speaker(s): Ellen Considder, PNC Bank; Jade Cole, AppVine

    At PNC Bank, the process of collecting data for disclosures was manually intensive, with almost 100 separate data sources. Already a user of IBM Cognos Financial Statement Reporting (FSR), PNC struggled with the common problem of relying on multiple spreadsheets for data collection and input in a SOX-compliant environment. So, PNC began implementing IBM Cognos TM1 as a pilot project for data collection, aggregation and analysis, targeting specific footnote disclosures. In this session, PNC will discuss the selection criteria they used when looking for a data collection solution, including how the requirements were gathered, the evaluation criteria and the implementation methodology that was adopted.

    Session Type: Product Level: Intermediate

    1074XBRL Best Practices in IBM Cognos Financial Statement Reporting (FSR)

    Speaker(s): Rohit Dhumal, IBM

    Join this session, led by IBM Lab Services, to learn about the best practices that leading organizations use in their disclosure management processes. Youll hear about using IBM Cognos Financial Statement Reporting (FSR) to comply with SEC guidelines for filing XBRL reports successfully - with minimal filing errors and less maintenance every quarter. Youll also learn how you can use Cognos FSR to negate values or change the polarity of valuesa major area of concern for the SEC.

    Session Type: Best Practices Level: Intermediate

    1078Clear Channel Communications Takes Control of its Financial Close Management with IBM

    Speaker(s): Kevin Wherry, Clear Channel; Anthony DUgo, Deloitte & Touche LLP

    Today, organizations that outsource their financial statement regulatory filings and XBRL submissions are at the mercy of their service providers to meet regulatory deadlines. The more entities that are involved and the greater the extent of the disclosures, the greater the likelihood of a misstep. Come to this session to learn how Clear Channel Communications sends data from IBM Cognos Controller flowing into IBM Cognos Financial Statement Reporting (FSR) as part of an integrated financial close management solution. Youll also hear about the Cognos FSR EDGAR engine, and about the benefits that Clear Channel realized from their external disclosure management modernization initiative.

    Session Type: Product Level: Intermediate

    1079Modernizing Finance at Clear Channel Communications

    Speaker(s): Brandon Turner, Clear Channel; Anthony DUgo, Deloitte and Touche LLP

    Faced with a processing, data, systems and talent crunch, executives at Clear Channel Communications charted a path forward to modernize their finance analytics capabilities. Too often, organizations fall into a systems-led approach and constrain their ability to realize true business value even before they start. At this session, youll learn the strategies and techniques that Clear Channel used to successfully implement IBM Cognos Business Viewpoint, IBM Cognos TM1, IBM Cognos Business Intelligence, IBM Cognos Controller, and IBM Cognos Financial Statement Reporting (FSR). This project is an ideal example of modernizing finance analytics capabilities using a business-led and technology enabled approach.

    Session Type: Product Level: Intermediate

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