Cognos, a leader in business intelligence (BI) and corporate performance management, announced that a study by Ventana Research, co-sponsored in part by Cognos, has found that finance departments could be more effective in the execution of their accounting cycle and in delivering timely information to improve performance and competitiveness. Consequently, they can benefit significantly from systemic changes to key financial management processes.

The Ventana Research study, which surveyed more than 200 companies across industries, focused on two key areas: financial reporting, and closing and consolidation performance. Highlights include the following:

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