Couche-Tard Selects Cognos 8 Controller

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Couche-Tard Selects Cognos 8 Controller

Couche-Tard Eastern Canada Division has selected Cognos 8 Controller for corporate reporting of its 600 stores. The solution will be used to produce market reviews and financial statements for internal reporting on profitability and income tax returns on the many entities within the
division, the company reported.

"The main value we saw in selecting Cognos 8 Controller is that it will be faster and more flexible than our existing solution," said Robert Mathieu, director of finance for Couche-Tard Eastern Canada Division. "We will use Cognos 8 Controller to do all of our internal reporting, preparing financial statements for income tax returns for the many companies within the group and for official corporate statements."

Couche-Tard is a long-time user of Cognos 8 Business Intelligence (BI),
which provides all of the company's operational reporting and analysis,
including store-level reporting, category management and vendor performance across all divisions, according to the company.

"Couche-Tard Eastern Canada Division's selection of Cognos 8 Controller is testament to the depth and completeness of the Cognos solution portfolio and our ability to partner with customers across all of their key performance management initiatives," said Doug Barton, vice-president, product marketing at Cognos. "Cognos 8 Controller delivers the power of linking the financial consolidation and corporate reporting application with world-class business intelligence and yet ensures this mission critical process is easily owned and maintained by finance managers responsible for performance management and regulatory compliance."

Cognos performance management solutions provide a single line of sight across all time horizons. Planning and consolidation combine the forward management view of the business (planning, budgeting and forecasting) with the current and historical view of the business (consolidations, reporting and financial analytics,) the company reported. This integrated operational and financial view lets customers proactively address business challenges for greater operational effectiveness.