Reduce Compliance Cost with IBM Cognos Disclosure Management


Ironically, transparency is making us blinded by paper (and electronic copies) of narrative data.  The Wall Street Journal recently published an article called “The 109,894-Word Annual Report”.  This article explains how companies are having to churn out more reports and more information within these reports thus requiring companies to hire additional resources. This leads to employees spending more time on tedious tasks that require the skills of accountants and financial analysts. It doesn’t help the company analyze its data in improving the company’s performance and pretty much bores the employee till they find another job. Enter IBM Cognos Disclosure Management?

Since much of this transparency is driven by government and quasi-government agencies, do you really think this is just a passing phase?  Have we ever seen government become more efficient?  Notice that since the recession, just about every company has that boilerplate paragraph, “This document contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, “forward-looking statements” often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” blah, blah, blah…  There is only so much copy/pasting of that paragraph into every report that can be done before driving someone nuts.

That is where the aforementioned IBM Cognos Disclosure Management (CDM) can help streamline your narrative reporting processes. It can make it quicker and more accurate to put together both internal and external narrative reports.  For companies in highly regulated industries such as banking and insurance, it is imperative to have the right tool to get the job done correctly and efficiently.  It allows for collaboration amongst contributors, in a secure environment and has tracking back to source data.

Watch this short 3 minute video that explains the benefits CDM.

Enterprise disclosure management—Combine financial data from a variety of sources with in-depth narrative analysis for internal and external reporting.

Financial management process automation—Replace time-consuming manual processes with intelligent process design and automation.

Security, control and governance—Manage documents in a collaborative yet secure environment with visibility into the report generation process.

Multi-jurisdictional XBRL support—Enable multi-national organizations to use a single reporting/tagging solution.

Reduce Compliance Cost

IBM Cognos Disclosure Management (CDM):

  • Easy to use wizard based Integration with IBM TM1 and IBM Business intelligence
  • Importing of Microsoft Office tools, such as Excel, Word and PowerPoint
  • Supports Popular Data Sources
    • OLAP (TM1/Controller (FAP), Essbase, MSAS)
    • Relational (Oracle, DB2, SQL)

As an Authorized IBM Reseller of CDM, Lodestar Solutions can be your business partner to help get you discounted licenses and work with you to implement your reporting solution.  Feel free to contact us at for more info on Cognos Disclosure Management or other software solutions.

Upgrade from Clarity to Cognos Disclosure Management

When it comes to financial reporting and compliance, the upgrade from IBM Financial Statement Reporting (FSR) to IBM Cognos Disclosure Management (CDM), was one of the main topics of discussion at IBM’s Vision 2013 conference last month in Orlando.  By reducing operational risk through the automation of controls within management’s reporting process, these software suites enable a company to efficiently handle their quarterly (10-Q) and annual (10-K) reporting to the United States Securities and Exchange Commission.  Learn about Clarity to cognos disclosure management below.

Details on the Cognos Disclosure Management Upgrade

The upgrade to IBM Cognos Disclosure Management combines the best of both the automation of IBM FSR and reporting of business intelligence (BI).  CDM merges both into a scalable, enterprise wide solution that enables users to create qualitative analysis from their data sources (which can be relational, OLAP, Microsoft Excel, or Hyperion Financial Management), along with integrated external XBRL tagging, with more users than IBM FSR, and an audit trail.  In doing so, CDM reduces operational risk across the board, creating an accurate real-time data source and enabling the Department of Finance to consistently produce a “single version of the truth”.

Clarity to cognos disclosure management

As an added bonus, existing licensed IBM FSR users are able to trade up to IBM Cognos Disclosure Management, forgoing the purchase of a whole new license.  Lodestar Solutions would be more than happy to provide you more information on trading up so feel free to contact us at