Financial Compliance

Overview

Regulatory compliance standards, such as the Sarbanes-Oxley Act (SOX), require better corporate governance.

The corporate SOX compliance requirement can be satisfied through better performance management and compliance software from Cognos. With compliance reporting software, you can provide trusted and timely regulatory compliance information for all stakeholders.

Benefits and Value

Regulatory compliance, as part of a corporate governance process, is identified by Cognos 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 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?

Cognos 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.