“One Single Version of the Truth”. Relying on your reporting data
Cognos Analytics (CA) provides business users with a single data source. All “actual” information is derived from the company’s proprietary Enterprise Resource Planning (ERP) system, automatically updated at user-defined intervals for CA reports. Forecasts created in the budgeting and forecasting solution are “written back” and updated to the ERP and any CA reports. This allows users to control of the currency of the data It also ensures that no matter which pre-saved or ad-hoc on-the-fly report is being used or created, the source and timing of the data being viewed are the same for all. No need to worry about which “version” of an Excel or other reports you are viewing, you can be assured that your pre-saved report or the new one that you just created is using the very latest, up-to-date data available in the system.
The flexibility of a CA solution allows individual users to create reports that offer each and every user a view of the data in the format that best suits their management style, all the while knowing that no matter how different their report format may be from that of their colleagues, the source data supporting it is identical for all.
Budgets are, in many cases, collaborative efforts. Managers of various divisions or those responsible for shared overhead may be called upon to submit budgets to a central point for approval, and then be consolidated into the overall corporate picture. It is critical for everyone in the process to know that they are viewing the latest, most accurate information with which to create their portions of the company’s future plan. It is also imperative that once these individual and/or departmental forecasts are approved and included in the overall company forecast, only the most recent figures appear in any and all reports, no matter who created them.
No more arguing amongst various managers and executives about showing different results. There is only one source for all data and only One Single Version of the Truth.
Call (844) 708-3555 or email us and we will be pleased to answer all your questions and arrange a demo at your pleasure.