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Increasingly, companies face many demands in supporting their financial reporting. Requests can come from different audiences for different purposes such as presenting to the Board, communicating with investors, and meeting regulatory requirements like 10-K and 10-Q and the SEC's new XBRL mandated reporting.

Companies struggle to meet these demands with laborious manual reporting processes that are error-prone, and ineffective and inefficient for collaboration.

We can help you automate your internal and external reporting processes with IBM Cognos Financial Statement Reporting (FSR), so that your report creation process is collaborative, efficient, and accurate. You'll finally be confident with a report that clearly reflects the state of the business when communicating with investors, as well as fulfilling statutory, regulatory and internal demands. Here are some additional benefits of IBM Cognos FSR:

• Avoid Errors That Result from a Manual Consolidation and Submission Process such as cutting and pasting, and re-keying
• Increase Collaboration by managing assignments, due dates, version control and tracking changes
• Ensure Reporting Accuracy by accommodating last minute number changes in reports, and ensuring a "single version of the truth"
• Create a Repeatable Process to address the SEC XBRL Mandate: 10-K, 10-Q, & EDGAR-ready reports
• Eliminate the disconnect between spreadsheets and word docs as part of your reporting strategy

Learn more
SEC XBRL Mandate for Dummies
Close, Consolidate & Report for Dummies