ControlWORQ (formerly SCOPE) complements and extends IBM Cognos TM1 by providing a framework of controls that facilitates financial reporting.
Now, you can add a rich financial reporting capability (both management and statutory) to the existing planning, modeling, business intelligence, and analytical capabilities of TM1. The end result is a complete, controlled, end‐to‐end Performance Management Solution.
With ControlWORQ and TM1, organizations can now achieve all of their Performance Management goals in a single solution.
- Controlled, balanced, authorized, and auditable journal entries
- Excel and web user interfaces available
- Automated recurring and reversing journals
- Journals can be posted individually or in a batch
- Reconciliation reporting for inter-company balances
- Automatic elimination of journals of inter-company balances
- Real‐time visibility of the impact of journal entries in IBM Cognos TM1
The end result is a centralized, Financial Intelligence Framework that extends the power of IBM Cognos TM1 with rich financial reporting from both management and statutory perspectives. Data remains in balance across multiple entities and is managed in a highly controlled and auditable way.