Case Study: Cogent Communications achieves fast, automated multi-currency financial consolidations with Prophix Software

Fast and efficient consolidations for Cogent Communications

Cogent Communications, founded in 1999 and the world’s largest Internet services provider, needed to streamline financial close and consolidation across its global group. With Europe operating as part of the US group, Cogent required a solution that could consolidate across different scopes and currencies (USD, EUR, CAD), support roll‑forward revenue and rolling budgets, and deliver consistent reports and documentation to stakeholders.

Prophix automatically imports local data, creates configurable environments for different consolidation scopes and currencies, and uses analytical dimensions for detailed revenue and customer reporting. The result: faster, more accurate consolidations, centralized automation that reduces error risk, improved audit traceability and standardized reports, and the ability to generate local or global consolidation packs and monthly flash revenue analyses.

Cogent