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The Cognos Performance Management Roadmap

Cognos, an IBM company, offers state-of-the-art solutions to address your immediate financial management process pains. But Cognos also has the vision to take your entire organization to a higher level of financial and operational performance.

The Cognos approach to financial performance management is embodied in our Performance Management Roadmap—a four-step progression from the automation of routine business functions to the transformation of the business as a whole.

The Roadmap shows you how to realize initial process improvements quickly, and then spread the benefits of those improvements throughout the organization. The Roadmap was developed and proven through long experience in a variety of industries, and reflects the best practices learned across the lifecycle of implementations in those environments.

There are four steps in the Performance Management Roadmap:

ADDRESS initial needs—Employ state-of-the-art technology to automate routine processes.

Eliminate disconnected spreadsheets, cutting versioning and control errors
Create and distribute budgets faster, with less staff effort, while engaging more contributors
Reduce close, consolidation and reporting cycle times
Deliver critical financial reports faster, with less manual input

Learn more about addressing initial needs.

DRIVE best practices—Adopt driver-based planning, rolling forecasts, and other best practices in financial management.

Alter plans and adapt forecasts linked to business drivers at market speed
Provide self-service access to key performance metrics for reporting and analysis
Standardize universal processes and associated internal controls

Learn more about driving best practices.

EXTEND enterprise-wide—Share best practices across the organization and close the loop between operational planning and financial results.

Develop and deploy modular plans that link market events to operational drivers
Provide rich reporting capabilities for in-depth analysis
Use sales projections to revise revenue plans and update P&L projections.
Align workforce decisions with corporate objectives.
Reallocate resources more quickly and intelligently in response to market conditions

Learn more about extending enterprise-wide.

ADVANCE performance management—Leverage a single technology platform to forge reliable and continuous connections between financial strategy and operational execution across the enterprise.

Deploy scorecards that link strategic objectives, initiatives, and key performance indicators
Gather information from front-line managers to identify opportunities and align resource allocation decisions with corporate objectives and strategic themes
Identify critical performance gaps with enough lead time to assess alternatives and enable effective execution.

Learn more about advancing performance management.