Cognos(R) (NASDAQ: COGN) (TSX: CSN), the world leader in business intelligence and performance management solutions, continues to extend its higher education market leadership, announcing today the launch of a new performance solution designed to help colleges and universities drive more efficient faculty salary and position planning.
BURLINGTON, Mass. (Business Wire EON) January 15, 2008 --
Cognos® (NASDAQ: COGN) (TSX: CSN), the world
leader in business intelligence and
performance
management solutions, continues to extend its higher education
market leadership, announcing today the launch of a new performance
solution designed to help colleges and universities drive more efficient
faculty salary and position planning.
Tracking higher education faculty salaries can be a complicated process,
as many college and university professors draw their salary from a
number of funding pools that either supplement or replace the base
salary paid by their institution. While most of this data is available
from existing HR and ERP systems, the multitude of funding sources and
complex rules that need to be applied to each case make it exceptionally
difficult to obtain a global and consistent view of the total cost of an
individual or the total compensation they are receiving.
The Cognos Salary Planning and Position Control Blueprint offers
colleges and universities a complete performance management framework
that delivers enhanced visibility into the ever-changing demographics of
their faculties. Using out-of-the-box functionality from Cognos 8
Planning and Cognos 8 Business Intelligence (BI) –
including dashboards, analytical reports and a pre-configured data model –
and encompassing higher education industry best practices, the Cognos
Salary Planning and Position Control Blueprint lets users track faculty
salary sources, plan compensation updates and changes, and determine
headcount requirements. Management can then easily develop salary and
position funding plans that are properly aligned with current and
long-range academic program requirements.
“Increasing competition for students, funding
and faculty is forcing higher education institutions to improve their
business perspective and gain much greater insight into their
operations, what the critical drivers are and will be, and how to
effectively manage them,” said Susan Gold,
Vice President of Industry Marketing & Solutions at Cognos. “Cognos
Salary Planning and Position Control Blueprint enables colleges and
universities to gain deep insight into the present, while also peering
into the future. Armed with such insights, they can then develop plans
and strategies that will help them build a lasting legacy.”
Available immediately to customers, the Cognos Salary Planning and
Position Control Blueprint is the second higher education Blueprint
launched by Cognos in the last three months, joining the Cognos
Enrollment & Tuition Planning Blueprint, released in October
2007. Together, the two Blueprints offer higher education customers an
integrated approach to advancing the quality of their education
programs, retaining skilled staff, complying with complex regulations,
managing costs, and improving overall financial performance.
Cognos also teamed up with Exeter Group and the National Association of
College and University Business Officers (NACUBO) in July 2007 to launch
an online,
interactive solution designed to help institutions compare tuition
discounting management strategies with a peer group and industry norms.
Cognos is a recognized leader in delivering performance management
solutions for colleges and universities. Over 1,000 higher education
institutions worldwide use Cognos, including Southern
Methodist University, The
George Washington University, University
of Minnesota, University
of Toronto, University
of Ulster (Ireland) and University
of Wollongong (Australia). More information about Cognos solutions
for higher education can be found at www.cognos.com/higher_ed.
Note to Editors:
Cognos will be hosting a Higher Education Virtual Conference on
Thursday, January 24, 2008 from 1 pm – 4:30 pm
Eastern. The Conference includes breakout sessions featuring key Cognos
higher education customers, a review of Cognos’
higher education solutions, and a keynote from John Walda, president and
chief executive officer of NACUBO. For more information, please visit
the conference site at http://events.unisfair.com/index.jsp?eid=191&seid=419.
About Cognos Performance Blueprints:
Cognos offers a full suite of Performance Blueprints to address planning
and performance management process areas that directly impact an
organization’s ability to create business
value. Both functional and industry-specific process areas can now be
automated, streamlined and transformed to help organizations quickly
create more business value. Developed by the Cognos
Innovation Center for Performance Management, the Cognos Performance
Blueprints are a key component within the Cognos Performance Management
System, which combines technology, best practices, analytical
applications and solutions, and a broad network of partners into a
single performance management solution. For further information on the
Cognos Performance Blueprints see http://www.cognos.com/innovationcenter/blueprint.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 the Cognos Web site
at www.cognos.com.
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