Case Study: Canadian National Railway improves financial reporting efficiency with IBM Cognos TM1 and IBM Cognos Disclosure Management

Taking financial reporting to the next level

Canadian National Railway (CN) sought to improve its labor-intensive, spreadsheet-based financial reporting process. The company needed to efficiently manage data from multiple sources, reduce pressure on its finance team, and transform that data into valuable insights. To address this challenge, CN partnered with vendor IBM to implement an integrated analytics and disclosure management solution.

Working with IBM and IBM Premier Business Partner Prolifics, CN implemented a solution using IBM Cognos TM1 and IBM Cognos Disclosure Management. This automated the integration of financial data, created new workflows and dashboards for collaboration, and streamlined the reporting process. The results for CN included significant time savings on data collection and validation, faster month-end closing cycles, reduced staff overtime, and a shift for employees from manual tasks to higher-value analysis.

Canadian National Railway

Alain Senechal

Assistant Controller