At element61 we leveraged our best practices and created an IFRS starter kit for consolidation within IBM Cognos Controller. The starter kit allows a group to quick-start her consolidation project.
Thanks to a clear chart of account nomenclature, you can work with data entry templates, currency conversion logic, automatic elimination journals (including intercompany transactions) and output reports (including consolidated cash-flow).
With limited additional efforts, you can update the current PL structure to reflect your company-specific PL definition and even include your customer-specific analytical dimensions.
Strong interface functionalities (ETL) within Controller allow swift data import data from external data sources. The strong link with IBM Planning Analytics offers a dynamic reporting tool on top of the consolidation platform.
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