Rob StilleyDirector of Finance
Rob Stilley, director of finance for the third largest equities exchange operator in both the U.S. and globally, doesn’t believe in “good enough.” His finance team took a look at the legacy systems the company was using – Forecaster and FRx – and realized they just weren’t providing the type of information the company needed.
Rob and the finance team had a vision for what a new system could do – provide faster, better and more accurate information on the performance of the company. That would entail reducing the processing times, improving efficiencies when trying to narrow variances down to exact reporting units and G/L accounts, enabling rapid ad hoc analysis and easily track multiple versions of the plan.
Working with Revelwood, his team turned to IBM Cognos Express Xcelerator, which has enabled their vision to come to fruition. Now this equities exchange operator has a significantly improved process for metric reporting, which also reduced the amount of manual work to create reports. In fact, all aspects of the reporting process are improved and streamlined. The new system has also greatly enhanced the company’s ability to forecast, report on actuals, and research variances between periods, between forecasts, or between actuals and forecasts.
The Cognos-based system allows Rob and his team to partner with company management to provide faster and more comprehensive visibility – in near real time – into the company’s actuals, forecasts and variances. They can also do scenario planning – previously impossible – to make more strategic decisions.
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