IBM has introduced a new version of Cognos Disclosure Management. The software, which was released in its first iteration last October, is designed to automate business processes around external financial reporting and disclosures to regulators and stakeholders. It enables a finance team to combine quantitative performance data with qualitative narrative analysis in one central repository, then directly draw on that repository for reporting and analysis.

Not only does this approach eliminate some manual processes for finance staff, but it also makes performance data more auditable. Cognos Disclosure Management includes controls, security, data validation, and audit trail reporting that extends into Microsoft Excel, Microsoft Word, Microsoft PowerPoint, and Adobe PDF files. According to IBM, the audit trail reporting saves auditors time—and companies money—after each financial close.

The new version of Cognos Disclosure Management is available in the cloud, as well as through on-premises implementation. This release also generates XBRL documents to meet regulatory filing requirements under the European Banking Authority's COREP and FINREP taxonomies.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.