STORAGE

Cognos today announced it is positioned in the leaders quadrant of Gartner, Inc.'s new Corporate Performance Management Suites Magic Quadrant. Vendors are evaluated based on completeness of vision and ability to execute. According to Gartner, "Leaders are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market." Gartner defines CPM as not only the processes used to manage corporate performance, but also the methodologies that may drive some of the processes, the metrics used to measure performance against strategic and operational performance goals, and the appropriate supporting systems. Cognos continues to enable organizations worldwide to unlock performance improvements for sustainable competitive advantage. The Cognos Performance Management System combines best-in-class technology, industry best-practices and a partner ecosystem to enable organizational agility and improve the decision-making process for organizations by connecting people and goals across operations and management functions with right-time, actionable information. "We have partnered with Cognos to find a corporate performance strategy solution for the loss forecasting process in our consumer and small business areas," said David Schultz, SVP, Bank of America. "The Cognos solution enables us to prepare loss forecasts more quickly and improves transparency in regards to the end-to-end loss forecasting process. Our initial implementation centralized the existing process, creating a 'one stop shop' for our analysts and management to quickly and easily access the loss forecasting information. It also enables our loss forecasting analysts to more effectively manage changes throughout the loss forecasting cycle. We feel Cognos' position in the leaders quadrant for CPM is well-deserved. The solution helps integrate and automate key processes to provide a clear, consistent view for unified decision-making." "We believe our positioning in the leaders quadrant is further confirmation that our CPM vision and strategy is right on course. It's a testament to the tangible value our customers gain as they standardize on Cognos," said Rob Ashe, president and CEO, Cognos. "Our strategic vision for CPM is embodied in practice within our Performance Management System that provides customers with an unparalleled foundation to help them successfully drive performance management and good governance across the enterprise." Cognos maintains a strong focus on achieving top-level performance across the company. This effort has made Cognos a world-class example of corporate performance management in action and contributes to its position in the market. The company's achievements in this area have been recognized by the Balanced Scorecard Collaborative, which has named Cognos to its Hall of Fame.