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economic efficiency management (FPM) has emerged as an all-essential subset of the broader efficiency management market. Ventana analysis describes FPM as a set of capabilities that contour business's key efficiency symptoms; formulate strategic plans and forecasts; and handles efficiency reporting.
based on the research group the peculiarly optimise the office of finance's work, resulting in operational efficiency and company-huge execution.
Says David McWilliam, Managing Director at Cognos, an IBM company, "besides the fact that children, FPM additionally types fragment of the workplace of finance's common monetary tactics mandatory to race the business. therefore, FPM encompasses each the accelerated capabilities - as outlined above - and the more traditional tasks of finance."
And now taking the capabilities and intelligence of FPM even one step extra is the Cognos' incorporation of an impressive analytics spine. by analysing and optimising strategies, the workplace of finance can assist enterprise managers drive profitability and growth initiatives.
besides the fact that children, with a view to achieve this, finance wants a compund of facts scalability, ease of use, actual-time responsiveness, and interactivity.To address the above, Cognos, has incorporated TM1 - an impressive utility suite that gives situation modelling towards significant records units while making data and enterprise constitution adjustments in true-time.
TMI is developed on 64-bit, in-reminiscence OLAP (on-line Analytical Processing) server that gives a real-time strategy to consolidating, viewing, and enhancing huge volumes of multidimensional statistics.
certainly, TM1 adds analysis and enterprise optimisation capabilities throughout Cognos' answer-set offering here faultfinding value propositions:
precise-time performance;Scalability for mighty information volumes;Non-technical consumer-centric design
An Excel-primarily based approach to utility construction
Deployable in a stand-alone configuration or built-in with dedicated Cognos planning, consolidation, evaluation and reporting products.
furthermore, analyst Butler group states in its fresh "expertise Audit" that "mighty OLAP capabilities and the pace of the TM1 engine underpin the inherent might of this technology". Butler additionally feedback that because of the software's potential to execute calculations in actual-time, dynamic evaluation is possible. furthermore, says the neighborhood, tight integration to outstrip allows for clients to drudgery devoid of stepping backyard of typical solace zones.
With TM1, Cognos is evolving FPM into a solution that gives a structured and automatic fashion to key financial methods from planning, budgeting, and forecasting to consolidation, reporting, and analytics.
In a nutshell, Cognos' TM1 presents here capabilities to the office of finance:
Optimising planning and budgeting, the utility provides the means to examine/write in precise-time;What-if situation modelling for forecasting purposes; In-memory multi-dimensional cubes applied to analysis and reporting;Centrally-managed traffic hierarchies, suggestions and calculations;built-in information and metadata integration;and Leverages outstrip performance and potential.
Cognos' current TM1 solutions-set; the traffic presents privilege here items:
IBM Cognos TM1 personal version - very own modeling and what-if analysisIBM Cognos TM1 MidMarket version - optimised for SMEs for departmental or pilot functions; andIBM Cognos TM1 enterprise version which is integrated with Cognos 8 Platform
With Cognos TMI, the workplace of finance could obtain sense of the giant amounts of facts dwelling within their employer, the usage of it to lead the company to competitiveness, company agility and, sooner or later, profitability.
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For further suggestions:For further information: Media Contacts: Cognos Connie Costigan, 613-738-1440 firstname.lastname@example.org or Lois Paul & companions Doreen Maciak, 781-782-5832 email@example.com or Investor relations: Cognos John Lawlor, 613-738-3503 firstname.lastname@example.org
BURLINGTON, MA, December 11, 2007 - Cognos (NASDAQ: COGN) (TSX: CSN), the world chief in enterprise intelligence and efficiency management options, these days prolonged its leadership in performance management for purchasers international - highlighting a sequence of successes and announcing modern accelerators for attaining performance administration excellence.
With greater than 17 years of proven suffer in performance administration, Cognos is the best vendor to deliver a single, confirmed utility platform with key performance administration capabilities together with reporting and analysis, planning and forecasting, consolidation, dashboarding, and scorecarding. even if a huge or mid-sized firm, valued clientele can tune key metrics, espy facts and engage into account developments, and set and partake a touchstone view of the long run.
"Six years in the past, they articulated a vision enabling and engaging every person in a company with managing efficiency in a systemic approach. Over the subsequent two years, they invested in constructing the technology platform for efficiency management. And most lately, they described the 'sweet spots' where performance management has the highest influence and offered shoppers pre-built options," referred to Rob Ashe, Cognos CEO. "Our goal now could be to set the market tempo with an entire performance administration system that makes it viable for each operational and fiscal performance management, underpinned with a market leading traffic intelligence answer."
New Cognos initiatives and solutions designed to accelerate efficiency management consist of:
Integration of Applix TM1 solutions: Cognos is extending management within the monetary efficiency management domain with integration product roadmap milestones for Applix TM1 outlined today in a related announcement.
The Innovation middle on-line group: A client collaboration tool can be accessible to the Cognos customer neighborhood dawn this month. The device will supply a relaxed and depended on enviornment for the Cognos innovation core individuals to bear interaction with different members, notion leaders and Innovation core experts. it is going to also supply an on-demand environment for participants to access notion leadership articles, case reviews, and company technique content, partake concepts and collaborate on efficiency administration-linked gold touchstone practices.
New Cognos Blueprints: The Strategic Finance efficiency Blueprint and The revenue Quota Allocation Blueprint for life Sciences bear been released today in related announcements. espy cognos.com/information/releases/2007/1211-four.html and http://cognos.com/information/releases/2007/1211-5.html.
efficiency manager for life Science publication: latest in Cognos' enterprise publication sequence outlines an organizational-huge performance management framework designed with counsel 'sweet spots' specific to lifestyles Sciences.
Cognos will additionally unveil the subsequent evolution of the business's efficiency management utility in January featuring advances in Cognos 8 in an endeavor to supply valued clientele further faultfinding accessories required to accelerate stronger traffic efficiency.
a number of analysts and traffic experts bear sited performance management as a key to improving operations, company planning, and earnings. certainly one of Sweden's biggest monetary management businesses, Folksam, adopted a full Cognos efficiency administration reply in 2003. The company as soon as spent 60% of its planning time gathering and consolidating information from SAP R/three, other rig sources and enterprise managers, and simplest 40% definitely the exhaust of the tips for planning and analysis. implementing Cognos 8 Planning as fragment of its efficiency management reply enabled Folksam to change these figures to 15% gathering and consolidating and eighty five% focusing on productive, future-oriented work. Now greater than 750 personnel exhaust Cognos company intelligence, planning and scorecarding capabilities on a daily basis for determination-making on market trends, situation planning and forecasting work, calculating salary and price poise sheets, earnings planning and risk management.
"With their efficiency management solution, we've a simple and brief environment that may address entire their needs and provides us perception into operating prices per can permeate seat and product, income relating to the finances, interior purchasing support, premiums paid and disbursed coverage sums," spoke of George Janson, enterprise Intelligence Coordinator, Controller Division, Folksam. "we've increased their reliability and reduced the time spent on operations from sixty six hours to three hours. ultimately this capacity they are going to retailer giant time and funds due to the Cognos solution. We're now in a position to seat of attention eighty five% of their attention on strategic initiatives that aid power their business."
other hallmarks of Cognos innovation and performance management management to-date encompass:
The Cognos Innovation core:
when you account that it became first launched in 2004 to build a neighborhood of like-minded, ahead- pondering people in finance and IT concentrated on improving planning and PM practices within their organizations, the Cognos Innovation seat for performance management:
Now boasts greater than 3,000 participants representing over 500 companies made up of Cognos consumers and companions.
Has launched greater than 30 industry and purposeful performance Blueprints, which can be pre-built planning templates to advocate consumers soar-delivery their deployment to obtain swift time-to-price whereas minimizing risk.
Cognos' performance administration leadership is additionally supported and extended through a tough accomplice network, including technology partners, price delivered resellers, OEMs, more than 70 Powered by Cognos options and international strategic alliances featuring trade leaders together with IBM, Accenture, and Deloitte.
concept leadership Authoring:
The Cognos efficiency supervisor ebook has a huge readership with 30,000 copies disbursed, and has been translated into nine languages on account that its first reserve in January 2007. A 2d edition of the ebook is slated for unencumber in early 2008.
Cognos and Cognos customers continue to bought a big number of awards in awareness of their commitment to efficiency management excellence together with the 2007 Malcolm Baldrige national nice Award, the Ventana analysis performance management management Award the InformationWeek 500 and induction into the Balanced Scorecard corridor of repute.
Cognos has got continued recognition from traffic analysts organisations as a leader in performance management solutions. greater information will also be discovered at cognos.com/news/efficiency-management- trade-analyst-experiences.html.
Cognos, the realm leader in traffic intelligence and efficiency administration options, offers world-class traffic planning and BI application and capabilities to assist companies plan, bethink and maneuver fiscal and operational efficiency. Cognos brings together know-how, analytical functions, most desirable practices, and a extensive community of partners to give consumers a complete performance system. The Cognos performance system is an open and adaptive solution that leverages a company's ERP, packaged purposes, and database investments. It offers valued clientele the skill to reply the questions - How are they doing? Why are they on or off target? What should soundless they conclude about it? - and enables them to bear in intelligence and computer screen current performance while planning future company options.
Cognos serves greater than 23,000 consumers in additional than 135 nations, and its desirable one hundred commercial enterprise shoppers normally outperform market indexes. Cognos performance management solutions and capabilities are additionally accessible from more than three,000 global companions and resellers. For more guidance, visit the Cognos net web site at www.cognos.com.
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