Future of Clarity FSR and Cognos CDM?

5/1/15

Are you still using Clarity FSR and wondering, “What’s is the Future of Clarity FSR and Cognos CDM?”

What is the Future of Clarity FSR and Cognos CDM?  A few years ago IBM automatically changed FSR 6.6 licenses to Cognos Disclosure Management (CDM) licenses but allowed all Clarity FSR clients to continue to use the older FSR technology. But your time is running out! After Sept 30, 2016, you can still use Clarity FSR but IBM will not support you on FSR 6.6 or earlier. Furthermore, Clarity FSR does not and will not have Office 2013 compatibility. To be compatible with Office 2013, you need to be using the CDM software.

Future of Clarity FSR and Cognos CDM

As a Business Analytics Coach at Lodestar Solutions, I recommend you consider migrating your Clarity FSR to the newer technology of Cognos Disclosure Management. This is a different software program so you should anticipate needing training and consulting to do the migration. If you are currently supported by IBM, you should be able to download the CDM software from your IBM Cognos support site.

If you are not current on support subscription with IBM, you may want to explore the flavors of CDM licenses that best meet your needs. IBM has recently created two flavors of CDM licensing: Enterprise for larger deployments and Express for smaller deployments. Express is significantly cheaper for the same software but it has a restriction. If you exceed 25 users, you will need to pay to trade up to the Enterprise licensing model.

Future of Clarity FSR and Cognos CDM

To learn more about CDM, check out this 3 minute video on CDM from IBM:

https://www.youtube.com/watch?t=22&v=q98VCnXPTf4

And yes, the latest release Cognos Disclosure Management (CDM) 10.2.4 supports Office 2013.

For more information on Environmental Product Compatibility for CDM 10.2.4 check out this link:

http://www-969.ibm.com/software/reports/compatibility/clarity-reports/report/html/softwareReqsForProduct?deliverableId=1375109299617&duComponentIds=Desktop_841387F0C0DF11E4B5E869C52CDBC825

If you would like to discuss your specific situation or get a quote on migrating to Cognos Disclosure Management (CDM) please contact Services@LodestarSolutions.com.

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 Sales@LodestarSolutions.com.

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