Cognos (Nasdaq: COGN) (TSX: CSN), the world leader in business intelligence and performance management solutions, today announced that Couche-Tard Eastern Canada Division has selected Cognos 8 Controller for corporate reporting. The Cognos solution will be used to produce market reviews and financial statements for internal reporting on profitability and income tax returns on the many entities within Couche-Tard's Eastern Canada Division.
OTTAWA & BURLINGTON, Mass. (BusinessWire EON) August 8, 2007 --
Cognos (Nasdaq: COGN) (TSX: CSN), the world leader in business
intelligence and performance
management solutions, today announced that Couche-Tard Eastern
Canada Division has selected Cognos 8 Controller for corporate
reporting. The Cognos solution will be used to produce market reviews
and financial statements for internal reporting on profitability and
income tax returns on the many entities within Couche-Tard’s
Eastern Canada Division.
Couche-Tard Eastern Canada Division was looking for a solution that
would allow its staff to provide faster and more accessible financial
reporting for the 600 stores in Eastern Canada. In addition to reducing
the data integrity risks associated with spreadsheets, Couche-Tard
expects to decrease the amount of time it takes to produce its
financials with the added flexibility of altering performance reports
more easily with Cognos 8 Controller.
“The main value we saw in selecting Cognos 8
Controller is that it will be faster and more flexible than our existing
solution,” said Robert Mathieu, director of
finance for Couche-Tard Eastern Canada Division. “We
will use Cognos 8 Controller to do all of our internal reporting,
preparing financial statements for income tax returns for the many
companies within the group and for official corporate statements.”
Couche-Tard is a long-time user of Cognos 8 Business Intelligence (BI)
providing a true performance management platform for the Eastern Canada
division. In addition to supporting corporate reporting with Cognos 8
Controller, Cognos 8 BI provides for all of Couche-Tard’s
operational reporting and analysis, including store-level reporting,
category management and vendor performance across all divisions.
Cognos 8 Controller will deliver a single, secure, and robust reporting
process for Couche-Tard’s finance group in the
Eastern Canada division.
Organizations are looking to improve their close, consolidate and report
process made difficult by continual business changes, new SOX, IFRS, and
local compliance requirements and collection of data from disparate
systems. Cognos 8 Controller automates and structures the financial
consolidation process, provides centralized control and collection of
data, supports the improvement of the internal controls environment and
ensures delivery of valid, financial performance information for
internal and external reporting. Customers get a transparent, accurate
and timely enterprise view of financial performance.
“Couche-Tard Eastern Canada Division’s
selection of Cognos 8 Controller is testament to the depth and
completeness of the Cognos solution portfolio and our ability to partner
with customers across all of their key performance management
initiatives,” said Doug Barton,
vice-president, product marketing, Cognos. “Cognos
8 Controller delivers the power of linking the financial consolidation
and corporate reporting application with world-class business
intelligence and yet ensures this mission critical process is easily
owned and maintained by finance managers responsible for performance
management and regulatory compliance.”
Cognos performance management solutions provide a single line of sight
across all time horizons. Planning and consolidation combine the forward
management view of the business (planning, budgeting and forecasting)
with the current and historical view of the business (consolidations,
reporting, and financial analytics.) This integrated operational and
financial view lets customers proactively address business challenges
for greater operational effectiveness.
Cognos is a recognized leader in delivering business intelligence and
performance management solutions for the retail industry. In fact, 30%
of the world's top 250 retailers, and over 300 retail chains
worldwide, are already Cognos customers. In addition to Couche-Tard,
retail customers include Burlington
Coat Factory, Steak
N Shake, Amazon.com,
LVMH
Perfumes & Cosmetics, and 7-Eleven.
More information about Cognos solutions for retail can be found at http://www.cognos.com/solutions/industry/retail/index.html.
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, 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 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 and/or other countries. All
other names are trademarks or registered trademarks of their respective
companies.
Note to Editors:
Copies of previous Cognos press releases and Corporate and product
information are available on Cognos' Web site at http://www.cognos.com
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