BSLI deploys IBM Cognos

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

IBM has announced that Birla Sun Life Insurance (BSLI) has deployed IBM’s Cognos TM1solution to radically transform the entire planning cycle, from forecasting and analysis processes to budgeting and profitability modeling.

Mayank Bathwal, CFO & Head - Institutional Sales said, “With IBM’s Cognos TM1 we are able plan better, monitor performance at a granular level and thus manage profitability and capital more efficiently. The solution is easy to use software which our Finance Team can learn easily with minimal change management or skills upgrade. Also the finance team is able to support the solution for their business users with minimal support from IT Team.”

Prashant Tewari, Country Manager, Business Analytics, IBM Software Group India/South Asia said, “We are glad to be associated with a brand like Birla Sun Life Insurance. IBM’s solutions have helped enterprises to improve their planning and sales module for a long time. IBM Cognos, is an industry standard Business Intelligence solution that has been successfully implemented across various industry verticals. In the face of the fast-changing business environment and regulatory scrutiny, this finance-owned application compresses the time for finance to close the books and eliminates the risks associated with more manual processes, spreadsheets and legacy systems, thus enabling business stakeholders to speed decisions and report with confidence.”

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