June 4, 2008 - Intermec selected IBM Cognos 8 Controller to automate and manage its financial consolidation and corporate reporting processes.

 

A developer and manufacturer of technologies that identify, track and manage supply chain assets, Intermec is using IBM Cognos 8 Controller to consolidate, certify and report on financial data from its 25 subsidiaries.

 

Intermec wanted to improve the financial reporting process by using a centralized consolidation and reporting system. Having already used automated consolidation systems, the finance department was looking to replace the legacy system and update its solution so all subsidiaries could contribute to the close process. Historically, the consolidation process consisted of the automated collection of distributed databases, which rendered the process time consuming and error prone.

 

“With Cognos 8 Controller in place we now have a greater number of individuals with more timely and complete access to performance reports,” said Gary Evans, senior manager of finance at Intermec. “These are important benefits because while we’ve centralized all the data collection and control, we’ve been able to decentralize the reporting. The intuitive interface of the report writer gives every user the capability to write management reports, saving us time and allowing us to focus on our close process. In addition, SOX requirements which call for robust passwords and security restrictions are all met via the software’s built-in role-based security controls.”    

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