Cognos Finance

QueBIT offers the best budgeting, forecasting, consolidation, and financial reporting solutions. Our services include integrating Cognos Finance with Cognos Planning, utilizing a “best practices” approach. By taking advantage of the performance and functionality in Cognos Finance, you can easily monitor the financial performance of your organization. You will be able to dynamically create financial reports such as profit and loss statements, balance sheet, and cash flow statements with ease. Your managerial reports will contain budget and forecast data obtained from your planning contributors along with actual data from your general ledger, including variance calculations such as budget versus actuals.

Cognos Finance consolidates results, and can be used to generate enhanced reports, such as:

  • Generating consolidated financials
  • Creating multi-currency translations
  • Performing complex allocations
  • Calculating intercompany eliminations
  • Executing ownership calculations
  • Assessing various measures such as Gross Margin Percent


Report consumers can access Cognos Reports from a secure intranet site. You can publish these reports directly to any Cognos Portal, including Cognos Business Intelligence Series 8. Cognos Finance is fully integrated with Microsoft Excel, allowing you to leverage Excel’s functionality with Cognos Finance multi-dimensional capabilities.


Cognos Enterprise Planning offers forward looking tools, such as:

  • Financial Modeling & Forecasting
  • Headcount & Salary Planning
  • Capital Planning
  • Driver Based and Advanced Planning
  • Planning beyond Finance
  • High Participation Planning

Using our multi-cube approach, QueBIT can show you how to maximize the planning capabilities available in Cognos Enterprise Planning.

Integration of Cognos Finance with Cognos Planning.

There is a distinct advantage to integrating and leveraging the benefits of CF and EP, however there are numerous pitfalls which QueBIT can help you avoid. Common examples of these pitfalls include:the potential for dual maintenance of the 2 modules, choosing the ideal location to store specific data for all other applications to draw from, and planning the overall flow of data through the systems to ensure the most effective reporting. If CF and EP are integrated correctly, you will have the best ofboth worlds – easily generating accurate reports showing where your organization’s finances are currently, and dynamically applying that information to guide your business into the future.