Cognos, a world leader in business intelligence (BI) and corporate performance management, announced it has extended its industry-leading enterprise planning solution with the launch of Cognos Enterprise Planning Series Version 7.2. This release expands Cognos’ leadership in enterprise planning with a broad range of customer-driven functionality, flexibility and technical enhancements. Cognos has also strengthened its CPM solution by further enhancing the interoperability of enterprise planning with Cognos Enterprise Business Intelligence Series, including Cognos ReportNet and Cognos Metrics Manager.

In the face of changing markets, increased regulatory pressures and wary investors, the most successful companies are taking an integrated, broad-based approach to managing performance. Cognos Enterprise Planning Series Version 7.2 ensures the integrity, timeliness, and relevance of forecasts, plans, and reports – giving financial executives the means to improve performance and enable CPM integration across the company by incorporating financial and operational planning processes with BI and scorecarding.

Integrated with all Cognos products, Cognos Enterprise Planning Version 7.2 offers real time reporting, calculation of and visibility to drivers and metrics across the entire time horizon, and integration with other related management consolidation processes. It extends core planning and continues to enhance enterprise planning values that drive high participation planning, monitoring, and reporting on performance across the enterprise.

Designed to solve spreadsheet budgeting pains more effectively through high-productivity data entry, process integrity and data security, Cognos Enterprise Planning Series Version 7.2 enables organizations to evolve from static, finance-centric budgeting to dynamic, business manager- engaged, enterprise planning. The vision of enterprise planning goes beyond spreadsheets to fulfill the requirement for delivering plans based on business drivers that can rapidly and reliably shape an up-to-the minute view of business performance. This enables users to bring together diverse and complex planning requirements across an organization’s processes and activities into a single, unified plan.

A long-time Cognos customer, Discovery Networks Europe historically used spreadsheets for its planning, budgeting, and forecasting prior to selecting Cognos Enterprise Planning Series. Rapid business growth rendered this process impractical, and Discovery selected a more automated, integrated and reliable solution. Discovery currently uses this to create, compare, and evaluate business scenarios and assumptions. Users access current data to assess performance, and proceed from “what is” to the “what if” scenarios critical for future success of the growing business. Discovery worked with Cognos in influencing Cognos Enterprise Planning Series Version 7.2, testing it within the Discovery environment.

“With Cognos Enterprise Planning Series Version 7.2, Cognos has strengthened its best-in-class enterprise planning solution to solve more business challenges using Cognos’ full corporate performance management suite,” said Paul Scarlett, Business Planning Analyst, Discovery Networks Europe. “The enhanced solution will allow us to leverage our major deployment in other Cognos solutions, enabling the delivery of performance planning tightly coupled with reporting. It will also allow us the opportunity to drive our planning process with greater speed and ease.”

“Enterprise planning is a strategic core for performance management in any global organization that is looking to decentralize planning and budgeting while maintaining centralized control and consistency,” said John Van Decker, vice president, META Group. “Firms will need planning tools that are integrated with other business intelligence components – such as scorecards and management reporting – and financial consolidations to ensure uniformity in reporting and one version of the truth.”

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