Case Study: Emirates National Oil Company achieves faster, more accurate financial consolidation with IBM Cognos Controller

Fueling deeper financial insight with analytics

Emirates National Oil Company (ENOC) was facing significant challenges due to the manual, spreadsheet-based process of consolidating financial data from its 31 global subsidiaries. This manual input was time-consuming, taking days each month, and posed a high risk of human error, making it difficult to ensure data accuracy and meet reporting standards. To manage its increasing complexity, ENOC sought a solution from vendor IBM.

IBM implemented its IBM Cognos Controller software to automate data collection, consolidation, and reporting. This solution integrated with ENOC's diverse ERP systems, dramatically reducing manual work and eliminating errors. The results included significant time savings, improved financial insight, and the ability to support substantial corporate growth without needing to expand the finance team. ENOC continues to use the IBM solution to efficiently meet its financial consolidation needs.

Emirates National Oil Company

Nitin Nahar

Manager – Management Reporting & Financial Planning