Cognos and Deloitte Strategic Alliance Delivers Integrated Performance Management for Global Enterprise Clients.Combined Technology expertise and industry best practices enable performance management excellence for customers worldwide BURLINGTON, Mass. -- Cognos[R] (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COGN) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ), the world leader in business intelligence and performance management solutions, and Deloitte, a charter member of the Cognos Global Partner program, announced today their strategic alliance continues to extend performance management excellence to customers worldwide. Hundreds of joint customers including Austrian Ministry of Finance, BW Offshore, the Forestry Commission The Forestry Commission (established in 1919) is a non-ministerial Government Department responsible for forestry in Great Britain. Its mission is to protect and expand Britain's forests and woodlands and increase their value to society and the environment. in the UK, have leveraged the technology expertise, methodology and practical industry knowledge from the Cognos-Deloitte alliance to implement performance management solutions for better decision-making within their organizations. Deloitte works collaboratively with clients to successfully deploy Cognos solutions by assisting in project elements ranging from business requirements assessments and design to project management and execution. As a Cognos Global Alliance partner, Deloitte has successfully implemented Cognos performance management solutions including Cognos Business Intelligence, Cognos Planning and Cognos Controller at more than 150 customer sites worldwide. Austria's Federal Ministry of Finance (BMF BMF - Bird-Meertens Formalism ) recently added Cognos 8 Planning to its existing implementation of Cognos 8 Business Intelligence and worked with Deloitte to roll it out. This initiative is part of a government-wide enterprise planning project that will benefit all ministries and top federal offices. Prior to Cognos, a combination of spreadsheets and disparate software were used across various ministries to handle planning and budgeting. However, this piecemeal piecemeal patchy, e.g. necrosis of the liver in which groups of hepatocytes are separated by small groups of inflammatory cells and fine, fibrous septa following extension of the inflammatory process beyond the limiting plate. approach did not scale or support the integration of qualitative information useful for substantiating sub·stan·ti·ate tr.v. sub·stan·ti·at·ed, sub·stan·ti·at·ing, sub·stan·ti·ates 1. To support with proof or evidence; verify: substantiate an accusation. See Synonyms at confirm. budget submissions and approval workflow. It also did not integrate well with the government's complex security and information system landscape. In addition, it was critical that the planning solution BMF implemented could support and extend the value of the ministry's SAP R/3 transaction data. Deloitte Consulting GmbH provided professional consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the BMF project team, and Cognos 8 Planning was selected based on its certified See certification. support for SAP data sources, extensive leverage of the Cognos Business Intelligence data and system architecture already in place, and its ability to meet specific customer requirements. "We worked closely with the Deloitte team, who provided best practice methodology and helped with the Cognos implementation. Cognos 8 Planning now incorporates all our stringent requirements and allows us to implement a flexible system that supports various internal processes across forecasting, planning and budgeting functions," said Adelheid Stari, head of applications at BMF. "Users can now add documents and comments to master budget data for background and justification. The support and extension of our SAP R/3 data as well as the single sign on (SSO See single sign-on and CSO. SSO - single sign-on ) capability has also made this implementation successful. We continue to team with Deloitte on rolling out the Cognos solution to all ministries and top government offices throughout Austria." BW Offshore (BWO BWO Books We Own BWO Bodies Without Organs (band) BWO Backward Wave Oscillator BWO Balakovo (Russia) BWO Blue-Winged Olive BWO By Way Of BWO Blue World Order (wrestling spoof) ), a leading operator of Floating Production Storage and Offloading A Floating Production, Storage and Offloading vessel (FPSO; also called a "unit" and a "system") is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process it, and store (FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office ) units, had been working with Deloitte Consulting to assist in their financial processes. After reviewing alternatives for a new consolidation process to eliminate a spreadsheet based system, BWO worked with Deloitte to implement Cognos Controller to automate To turn a set of manual steps into an operation that goes by itself. See automation. the close process, reduce cycle times, and assure data integrity. BWO was also looking to update their reporting system as well as implementing a planning and budgeting solution that was more aligned with BWO's core business processes. Deloitte involved the BWO business community, listened to their needs, presented them with various iterations based on those needs, and collected their feedback to arrive at the final implementation model. Cognos Controller was deployed as the first step in the project implementation. Cognos Planning for budgeting purposes then went into production. Deloitte is working closely with BWO on delivering extended reporting with Cognos 8 BI and Cognos Planning for financial reporting, project estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. , project execution and forecasting reports in the next phase of the project in early 2008. "Through the Deloitte-Cognos Planning implementation, we will have improved budgeting, forecasting and cash flow projections A Cash Flow Projection is an attempt to forecast the cash flows that will be generated by an asset, often a company, over a specified time frame. Methodology Projections can be made with varying levels of detail, but any cash flow projection for a business entails and a critical estimation model, which simulates the cost of new projects," said Johnny Duedahl, Chief Controller Finance & Accounting Division at BWO. "Cognos BI will provide extended reporting capabilities on top of Cognos Planning, while Cognos Controller ensures that our finance community can spend more time on analysis. Deloitte and Cognos are delivering a robust performance management system that is easily adjustable to the changes in our business structure, to help make future decisions easier." "Deloitte and Cognos continually strive to offer clients faster and more efficient ways of navigating today's competitive terrain, and solutions that ensure integrated performance management throughout their organizations," said Raymond Pineda, Deloitte partner and Canadian Performance Management Practice Leader. "Cognos' enabling technology combined with Deloitte's thought leadership and leading practices are helping our mutual customers harness corporate data to help them see what's driving their business, so that they can make faster, more informed business decisions." To accelerate time to value and success for joint customers, Cognos and Deloitte have collaborated to produce solutions for various industry and department areas including: * Deloitte's Integrated Performance Management (IPM (1) (Impressions Per Minute) Generally refers to document scanners that scan both sides of the page at the same time. Thus, a scanner that scans at 100 ppm (pages per minute) can provide 200 ipm. See ppm and document scanner. ), a structured management approach for translating strategic objectives into operational results through a lens focused on value creation. * The Close, Consolidate, Report Blueprint, a Powered by Cognos solution, which helps companies quickly address gaps and weaknesses in the financial close process, make focused investments, and optimize the use of technology. * The Supply Chain Performance Accelerator, a Powered by Cognos solution for supply chain planning and reporting that helps organizations optimize their supplier operations. "The alliance between Cognos and Deloitte offers a unique combination of deep industry expertise with best-in-class performance management capabilities," said Mel Zeledon, senior vice president, global alliances at Cognos. "Together, we successfully help customers deploy the right performance management solution to fit their needs, while streamlining and maximizing their BI technology investments. We provide a compelling solution for any company looking to improve decision-making, performance management and add value to their daily operations." About Cognos: Cognos, the world leader in business intelligence and performance management solutions, provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance. Cognos brings together technology, analytical applications, best practices, and a broad network of partners to give customers a complete performance system. The Cognos performance system is an open and adaptive solution that leverages an organization's ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , packaged applications, and database investments. It gives customers the ability to answer the questions -- How are we doing? Why are we on or off track? What should we do about it? - and enables them to understand and monitor current performance while planning future business strategies. Cognos serves more than 23,000 customers in more than 135 countries, and its top 100 enterprise customers consistently outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. market indexes. Cognos performance management solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com. Cognos and the Cognos logo are trademarks or registered trademarks of Cognos Incorporated in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. All other names are trademarks or registered trademarks of their respective companies. |
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