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Best Practices & Tips Integrating Cognos Finance With Cognos Planning

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Best Practices & Tips. Integrating Cognos Finance With Cognos Planning. Presenters. Gary Quirke Sandy Midili. Agenda. Quick overview of Cognos EP Why EP and CF Integration Challenges Integration Tips and Tricks Questions. Quick Overview of EP. - PowerPoint PPT Presentation

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Page 1: Best Practices & Tips

Best Practices & Tips

Integrating Cognos Finance

WithCognos Planning

Page 2: Best Practices & Tips

Presenters

Gary Quirke

Sandy Midili

Page 3: Best Practices & Tips

Agenda

• Quick overview of Cognos EP

• Why EP and CF

• Integration Challenges

• Integration Tips and Tricks

• Questions

Page 4: Best Practices & Tips

Quick Overview of EP

• Enterprise Budgeting and Forecasting

• High Participation Web based planning

• Central database: Oracle/SQL Server

• “Owned” by Finance

• Library of Specialized Planning Functions

• Driver Based Planning

• Integrated with C8 BI and CF

Page 5: Best Practices & Tips

Quick Overview of EP

• Excel-based reporting

• Limited Financial Consolidation

• Does not support multiple hierarchies

• Some Integration challenges with CF

Page 6: Best Practices & Tips

Quick Demo EP

Page 7: Best Practices & Tips

Why CF and EP?

• Scenario 1: Own CF want EP

• Scenario 2: Own EP want CF

• Scenario 3: Buy CF & EP together

Page 8: Best Practices & Tips

Challenges

• Avoiding two maintenance processes

• Single Cube (CF) Vs Multi-Cube (EP)

• CF/EP Meta data differences

• Transferring data between CF/EP• Picking the best of both worlds

Page 9: Best Practices & Tips

Tips: Minimizing Maintenance

• One Source: D-List Update & Import from Ledger – Database (ERP, Data warehouse, etc)– Excel

• Single point Maintenance Process – For example Cognos Manager

• Use CF as Financial data Mart– Aggregation of Actual to Forecast level of detail– Storage of Planning Versions as submissions

Page 10: Best Practices & Tips

Tips: Single Vs Multi Cube

P&L1. List P&L

2.elist.4.Time

5.Version

A- Emp0.Assum Driver

1. List COA

Calc Revenue1. Calc Rev

2.Customer,2.Product 2.Elist4.Time

5.Version

Calc Salary1.Calc Sal

2.Employee 2.elist4.Time

5.Version

Calc Op Exp1. List COA

1.Calc Op Exp2.Elist4.Time

4.Version

A-Op Exp1.List Op Exp3.Pick Method

BS1. List BS2.Division

4.Time Month5. Version

Cognos Finance Cognos Planning

Assum Driver0.Lookup Driver2.Time Month

3.Label 3.Color 3.Region4.Version

Assum Driver0.Lookup Driver2.Time Month

3.Label 3.Color 3.Region4.Version

Cognos Finance

Submission: Actual

Submission: Budget

Submission: Forecast

Benefits0. Lookup Spread

2.Time Month

A-Price1.PPU

2.Product

Single CubeMultiple Submissions

Multi-Cube Application

Report Cube1. List COA2.Division

4.Time Month5. Version

Calc Cube

Rpt Cub

Sum Rpt

Assum Cube

ERPActual

Page 11: Best Practices & Tips

Tips: CF/EP Meta data

• Best Case– Consistent IDs and Names in CF/EP– Combined ID + Name <= 50 Characters

• Next Best– Use only IDs in EP Integration Cube

• All Else Fails– Use Names– But ensure unique names in CF

Page 12: Best Practices & Tips

Demo Tips & Tricks

Page 13: Best Practices & Tips

Tips: Best of Both Worlds

• CF– Allocations (where possible)– Currency Translation (where possible)– Version Control– Financial Consolidation (always!)– Storage of Detailed Actuals

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

Page 14: Best Practices & Tips
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Questions?

Gary Quirkee:[email protected]: 646-623-8383

Sandy Midilie:[email protected]: 732-674-1410

http://www.QueBIT.com