Enterprise Disclosure Management
IBM Cognos FSR
Visit us on the web:
http://www-01.ibm.com/software/analytics/fsr/cognos-fsr/
© 2012 IBM Corporation
New Challenges for CFO and Office of Finance
More prominent role of CFO and
Office of Finance:
 Streamline global finance operations
 Re-focus effort to more value added
analysis
‘New normal’ of complex reporting
requirements:
 Regulatory reporting & industry
submissions
 Global statutory reporting
 Consolidate explosion of
financial/operational data
 GAAP to IFRS transition
 Strengthen financial reporting
 Solvency II
 Minimize financial misstatements
 SOX & Dodd Frank compliance
 Proliferation of XBRL mandates
 CSR and Sustainability Reports
 Exchange Listing Requirements
 Increasing enforcement
2
Manual processes no longer sustainable
Management &
 No way to combine financial results with narrative,
Executive
Presentations
Contributorsdescriptive information
 Existing report writing systems incomplete
Reviewers
Consolidations
 Lack of enterprise interoperability
 Over-reliance on MS Word & MS Excel shared via email
ERP
 Manual processes dominate the ‘Last Mile’
Approvers
OLAP
Budget & Variance
Reports
 High degree of risk
 Little or no security,
controls, audit trail or transparency
Document
Managers
Data Warehouse
 Addition of global XBRL mandates adds more complexity
 Manual process is repeated each reporting Statutory
period and
Regulatory Reports
Report
Consumers
3
IBM Cognos FSR – a single, secure platform for enterprise
disclosure management
 Proactively prepare for continuing growth of global regulatory, statutory and investor
demands for more transparency and disclosure
 Ensure proper controls, audit trail and transparency into each step of the reporting
process
 Enforce global process ownership through standardized and streamlined finance
operations
 Enable faster communication between team members – leading to faster judgment and
decision making
 Spend less time on admin and bean-counting processes…
 ….And more time focusing on tasks that enable your organization to make better, more
intelligent decisions
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IBM Cognos FSR – How it works
Collect
Consolidations
Collaborate/Edit/Approve
Report
IBM Cognos
FSR
Compliance
Checklists
ERP
• Regulatory reports & industry submissions
(incl. XBRL)
• Statutory accounts & reports (10-K/10-Q)
• Monthly/quarterly board books
• Internal formatted management reports
• CEO/CFO Packages
• Press releases & announcements
• Stock exchange submissions
Business
Rules
OLAP
EDGAR-HTML
Data Warehouse
Security
Contributors
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Document
Managers
Reviewers
Auditors
IBM Cognos FSR –Reports integrated to authentic data sources
 Dynamic reports automatically update in near real-time from authentic data sources
 24 x 7 access to authentic enterprise data without involving IT
Integrate with authentic
enterprise data sets
Data flows to reports in FSR
6
IBM Cognos FSR – Eliminate manual processes through automation
 Create reports once…no need for one off or recreating reports each week/month/quarter
Reinsurance and other amounts recoverable reflect amounts due from
reinsurers and policyholders to cover incurred but not reported and pending
claims for minimum premium products and certain administrative services only
business where the right of offset does not exist. See Note ##rnote
10 for additional
for
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Formonths
the ##D<cqmel>
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actual
information
on reinsurance.
For the three
ended March
31, 2012,
experience
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from the
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resulting
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ended
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Actual completion
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medical
medical
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$17 million,
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Use “variables” to change once...update everywhere
Variable used is ringed...…and how it looks when the report is generated
7
IBM Cognos FSR – Enhance controls and auditability
Activity
Business
Dashboard
rules
and
automated validation
Workflow
Robust
audit
&
Task
trail
Management
reporting
 Visibility
Track
all into
changes
every–step
who
of
made
the approval
theatedit?
When?
Where?
See
FSRwhat
automatically
everyone
finds
is
working
errors
on
and
report
anyprocess
time
discrepancies
 Integrate
Compare
and
blackline
stepsany
to compliance
2the
versions
checklists
the document
to ensure proper checks are
Completeworkflow
transparency
into
processof
completed
8
IBM Cognos FSR – Integrated ‘Tag Once’ XBRL Tagging
 Extend controls and transparency to XBRL tagging
 Experienced global XBRL services & support
 Support for multiple global XBRL XBRL & iXBRL taxonomies
EDGAR-HTML
9
How do customers use IBM Cognos FSR?
 Local & regional statutory reporting
 Regulatory reporting
 Solvency II
 Global XBRL tagging & filing requirements
 GAAP to IFRS conversion
 Internal performance reporting and file
management
 Controls & compliance requirements
 Public sector budgets and annual reports
 Corporate Social Responsibility (CSR) reports
 Stock Exchange reporting requirements
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