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Financial Statement Reporting
                     The “last mile” of the
           Close, Consolidate, Report and File (CCRF)
                             Process




     Helping Companies Learn From the Past, Manage the
1                         Present and Shape the Future
This slide deck is part of a recorded webinar.
           To view the FREE recording of this entire
         presentation and download the slide deck, go to
                        www.senturus.com/recorded-webinars.php

    You will find this—and many other recorded webinars-- under the “IBM Cognos Office
                        of Finance Solutions: TM1, EP, Controller, FSR‖




2
Agenda

    • Introduction

    • Close, Consolidate, Report and File
     (CCRF) Overview

    • Demonstration of Cognos FSR

    • Next Steps

    • Q&A
3
Welcome and Introduction

    Greg Herrera
    CEO
    Senturus

    Gary Kantz
    National Practice Director, Consolidations and Reporting
    Senturus

    Clark Muse
    WW Channels for Cognos FPM/FSR
    IBM

    Louis Robinson
    Solution Specialist , Cognos FPM/FSR
    IBM


4
Who is Senturus ?
    •   Consulting firm specializing in Corporate Performance
        Management
         – Office of Finance
              •   Consolidate, close, report and file (CCRF)
              •   Enterprise planning & budgeting

         – Business Intelligence
         – San Francisco Business Times Hall of Fame -- Four
           consecutive years in Fast 100 list of fastest-growing
           private companies in the Bay Area

    • Experience
         – 12-year focus on performance management
         – More than 1,000 projects for 500+ clients
         – IBM/Cognos Premier Partner

    • People
         – Business depth combined with technical expertise.
           Former CFOs, CIOs, Controllers, Directors...
         – DBAs with MBAs
5
A few of our 500+ Clients




6
Process Overview

    CLOSE, CONSOLIDATE, REPORT AND
    FILE

7
Current Challenges Within the Office of Finance
       Pressure to shorten the close process

       Translating local currencies of their subsidiaries into the base currency
        of the entire enterprise.

       Conversion from local accounting principles to US Generally Accepted
        Accounting Principles (GAAP).

       Elimination of intercompany transactions between subsidiaries

       The ability to produce meaningful, dynamic reports that can be used
        for making critical management decisions and financial analysis

       Establishing controls mandated by government agencies (for example,
        the Sarbanes-Oxley act, or ―SOX‖)

       Transmission of government reports in electronic format as
        mandated by the SEC and other agencies

8
Automation of Key Processes – ―CCRF‖
         CLOSE               CONSOLIDATE                REPORT                    FILE

    Data collection         Currency                Financial reporting    Annual and
                            translation                                    quarterly reports
    Close accounting                                Management
    systems                 Eliminations            reporting              Government
                                                                           reporting
    Account                 Automated               Financial analysis
    reconciliation          company and top-                               Electronic filing
                            side journals           Business               (XBRL) and
    Intercompany                                    intelligence           Edgarization
    transactions            Rollup of entities
                            and custom                                     Financial
    Journal entries         dimensions                                     Presentations



             Finance and Accounting              Reporting and Analytics   Governance

                                                     Consolidation, BI,      Collaborative
                            Consolidation
    ERP System                                        Collaborative           Reporting
                              Solution              Reporting Solutions        Solution


9
Results of a Solid CCRF Strategy

      •   A shorter, more efficient financial close
      •   Better internal controls
      •   Automation of key processes
      •   Easy, secure application deployment
      •   Reducing dependency on manual processes




10
This slide deck is part of a recorded webinar.
            To view the FREE recording of this entire
          presentation and download the slide deck, go to
                         www.senturus.com/recorded-webinars.php

     You will find this—and many other recorded webinars-- under the “IBM Cognos Office
                         of Finance Solutions: TM1, EP, Controller, FSR‖




11
Today’s Focus: Reporting and Filing

     IBM COGNOS FINANCIAL STATEMENT
     REPORTING (FSR) DISCUSSION &
     DEMO

           To view a free recoding of this demo, go to
                     www.senturus.com/recorded-webinars.php
           You will find this recording under the IBM Cognos Office of Finance
          Solutions: TM1, EP, Controller, FSR section. It is entitled Automate the
                               Close & Consolidate Processes.




12
Senturus Upcoming Events:
     • February 15, 2012 – Insight into Net Profitability
        Free Webinar 10:00 AM -11:00 AM PST
        –   During this webinar, we will show you how to gain insight into the true drivers of profitability
            across your enterprise.

     • March 15, 2012 –Automating the Consolidation & Close
       Processes
        Free Webinar, 10AM -11:30 AM PST
        –   Reduce errors, inefficiencies and limited insight caused by using spreadsheets for
            consolidating multiple chart-of-accounts, foreign currency translation, journals and reporting.

     • The Pain of Closing the Books (and Prescriptions to Make
       it Painless) Whitepaper
        By Gary Kantz
        Download this whitepaper and many of our other learning resources
        http://senturus.com/recorded-webinars.php



13
Contact Information

     Need more details?

     Chris Fargo
     cfargo@senturus.com
     (510) 473-7096




14
Contact Senturus



                   Senturus, Inc
                www.senturus.com
               sales@senturus.com
                   888-601-6010




15
16
16    16

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Streamlining Financial Statement Reporting: Demo of Cognos FSR

  • 1. Financial Statement Reporting The “last mile” of the Close, Consolidate, Report and File (CCRF) Process Helping Companies Learn From the Past, Manage the 1 Present and Shape the Future
  • 2. This slide deck is part of a recorded webinar. To view the FREE recording of this entire presentation and download the slide deck, go to www.senturus.com/recorded-webinars.php You will find this—and many other recorded webinars-- under the “IBM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR‖ 2
  • 3. Agenda • Introduction • Close, Consolidate, Report and File (CCRF) Overview • Demonstration of Cognos FSR • Next Steps • Q&A 3
  • 4. Welcome and Introduction Greg Herrera CEO Senturus Gary Kantz National Practice Director, Consolidations and Reporting Senturus Clark Muse WW Channels for Cognos FPM/FSR IBM Louis Robinson Solution Specialist , Cognos FPM/FSR IBM 4
  • 5. Who is Senturus ? • Consulting firm specializing in Corporate Performance Management – Office of Finance • Consolidate, close, report and file (CCRF) • Enterprise planning & budgeting – Business Intelligence – San Francisco Business Times Hall of Fame -- Four consecutive years in Fast 100 list of fastest-growing private companies in the Bay Area • Experience – 12-year focus on performance management – More than 1,000 projects for 500+ clients – IBM/Cognos Premier Partner • People – Business depth combined with technical expertise. Former CFOs, CIOs, Controllers, Directors... – DBAs with MBAs 5
  • 6. A few of our 500+ Clients 6
  • 7. Process Overview CLOSE, CONSOLIDATE, REPORT AND FILE 7
  • 8. Current Challenges Within the Office of Finance  Pressure to shorten the close process  Translating local currencies of their subsidiaries into the base currency of the entire enterprise.  Conversion from local accounting principles to US Generally Accepted Accounting Principles (GAAP).  Elimination of intercompany transactions between subsidiaries  The ability to produce meaningful, dynamic reports that can be used for making critical management decisions and financial analysis  Establishing controls mandated by government agencies (for example, the Sarbanes-Oxley act, or ―SOX‖)  Transmission of government reports in electronic format as mandated by the SEC and other agencies 8
  • 9. Automation of Key Processes – ―CCRF‖ CLOSE CONSOLIDATE REPORT FILE Data collection Currency Financial reporting Annual and translation quarterly reports Close accounting Management systems Eliminations reporting Government reporting Account Automated Financial analysis reconciliation company and top- Electronic filing side journals Business (XBRL) and Intercompany intelligence Edgarization transactions Rollup of entities and custom Financial Journal entries dimensions Presentations Finance and Accounting Reporting and Analytics Governance Consolidation, BI, Collaborative Consolidation ERP System Collaborative Reporting Solution Reporting Solutions Solution 9
  • 10. Results of a Solid CCRF Strategy • A shorter, more efficient financial close • Better internal controls • Automation of key processes • Easy, secure application deployment • Reducing dependency on manual processes 10
  • 11. This slide deck is part of a recorded webinar. To view the FREE recording of this entire presentation and download the slide deck, go to www.senturus.com/recorded-webinars.php You will find this—and many other recorded webinars-- under the “IBM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR‖ 11
  • 12. Today’s Focus: Reporting and Filing IBM COGNOS FINANCIAL STATEMENT REPORTING (FSR) DISCUSSION & DEMO To view a free recoding of this demo, go to www.senturus.com/recorded-webinars.php You will find this recording under the IBM Cognos Office of Finance Solutions: TM1, EP, Controller, FSR section. It is entitled Automate the Close & Consolidate Processes. 12
  • 13. Senturus Upcoming Events: • February 15, 2012 – Insight into Net Profitability Free Webinar 10:00 AM -11:00 AM PST – During this webinar, we will show you how to gain insight into the true drivers of profitability across your enterprise. • March 15, 2012 –Automating the Consolidation & Close Processes Free Webinar, 10AM -11:30 AM PST – Reduce errors, inefficiencies and limited insight caused by using spreadsheets for consolidating multiple chart-of-accounts, foreign currency translation, journals and reporting. • The Pain of Closing the Books (and Prescriptions to Make it Painless) Whitepaper By Gary Kantz Download this whitepaper and many of our other learning resources http://senturus.com/recorded-webinars.php 13
  • 14. Contact Information Need more details? Chris Fargo cfargo@senturus.com (510) 473-7096 14
  • 15. Contact Senturus Senturus, Inc www.senturus.com sales@senturus.com 888-601-6010 15
  • 16. 16 16 16

Editor's Notes

  1. Hello. Welcome to the first installment of the Close Consolidate Report and File series. In today’s session we will discuss the “last mile” of the CCRF initiative—Financial Statement Reporting.
  2. After a quick introduction of the team, we’ll give an overview of what the CCRF is and how Financial Statement Reporting fits in. We’ll then have our partners at IBM give a demonstration of Cognos Financial Statement Reporting (FSR). Next, we’ll share potential next steps you may want to take move your company toward streamlining your Financial Reporting.We’ll wrap with a Q&A session that will address the questions not already covered interactively during the webinar.
  3. I’ll now hand the floor over to Gary Kantz so he can provide the context for today’s session with a quick overview of the close, consolidate report and file process. Gary?