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IBM: Analytics can help businesses make smarter financial decisions

Computerworld Philippines staff | July 11, 2012
There is increasing pressure to gain more visibility, insight, and control to drive the firm's financial stability.

Another session described the capabilities of IBM Cognos BI v10.1, IBM Cognos BI -- Scorecarding, v10.1, IBM Cognos TM1 v9.5 and SPSS Modeler v14.1. This solution enables finance managers to anticipate performance gaps between forecasts, targets and actuals for important financial management, revenue, expense and capital management Key Risk Indicators (KRIs) in an executive dashboard format. Built-in KRIs provide early warning signals of possible weaknesses in key areas of the business.

Attendees of the forum were also given a glimpse of how IBM delivers an integrated financial close management platform that automates -- within a single, unified application -- processes spanning financial consolidations, external reporting, reconciliation management and continuous controls.

 

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