From the June 2007 issue of Treasury & Risk magazine

Leveraging BI for the Close

Cognos, the business intelligence and performance management solutions software maker, has released Cognos 8 Controller version 8.2, an update to the Cognos 8 Controller. Controller 8.2 is a Web-based solution that allows finance organizations to automate the entire close process--from data collection to consolidation to output--while reducing the close cycle and ensuring data integrity.

A key enhancement to Controller 8.2 is its data lineage capability, which allows finance to know the date and time stamp of when data has been accessed or loaded and maintain an original unchanged version. "Keeping an original view of the source data is critical for financial data quality and important for understanding and dealing with the whole compliance requirements on audit," says Delbert Krause, director of performance management product marketing for Cognos.

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