You know the phrase, “You can’t see the forest for the trees?” That’s the state you’re in when you are so immersed in small details that you can’t see the whole picture. And when you can’t see the whole picture of your organization, you’re going to miss out on a lot of critical information. If […]
When you consider what an immense undertaking it is to complete the long and complex Comprehensive Annual Financial Report (CAFR), it’s really no wonder that so many organizations struggle to meet production deadlines. In the CAFR process you face many challenges, such as juggling resources, managing risks, and keeping costs as low as possible. While […]
If you already know how IBM Cognos Disclosure Management can reduce risks and save resources in your Comprehensive Annual Financial Report (CAFR) process, than you may have an idea of how it can also cut costs. Basically, IBM Cognos Disclosure Management reduces audit costs incurred by manual reporting processes. When you produce your CAFR manually, […]
In earlier posts, we’ve introduced you to a revolutionary solution for your CAFR process and how that solution can reduce risk for your organization. Now we’re going to explain how that solution, IBM Cognos Disclosure Management, can help you save resources by leveraging your most valuable asset: your people. Since most Comprehensive Annual Financial Reports […]
In a previous post we introduced you to the idea that IBM’s Cognos Disclosure Management can improve your CAFR process by: Reducing risk Saving resources Cutting costs Decreasing cycle times Improving organizational insight Now we’re going to explain how Cognos Disclosure Management reduces your risks. Most CAFR producers are stuck using outdated, manual systems to […]
When you prepare your Comprehensive Annual Financial Report (CAFR), you probably rely on two primary pieces of software: Microsoft Excel and Microsoft Word. You use Microsoft Excel to produce the numbers and spreadsheet portions of the CAFR, and you use Microsoft Word to produce the words and narrative portions. Both serve as dynamic tools and […]
If you are responsible for or participating in the production of your state or municipal government’s CAFR, you may have spent the past few months preparing. Most organizations responsible for the CAFR spend the months of August through November diligently producing, auditing, and editing all the information necessary for the report, which, when printed, can […]
