Case Study: Ultra Petroleum achieves faster, more accurate financial reporting with IBM Cognos Disclosure Management

Fueling greater internal efficiency and pain-free financial reporting with automation

Ultra Petroleum, an independent oil and gas company, faced the challenge of meeting increasing SEC financial reporting mandates, including XBRL tagging, without expanding its lean accounting team. They needed a way to handle the doubled workload efficiently and minimize the risk of errors from manual processes.

To address this, Ultra Petroleum implemented IBM Cognos Disclosure Management from IBM. This automated solution centralized their reporting, pulling data directly from the General Ledger to ensure accuracy. The result was a dramatic increase in efficiency, enabling the same team to handle at least twice the reporting workload. The implementation delivered a significant return on investment through major time savings and provided greater accuracy and credibility with auditors.

Ultra Petroleum

Sandi Kraemer

Director of Investor Relations and External Reporting