HSH Nordbank Optimizes Performance and Management of Active Portfolios with Cognos Solutions
23 Janvier 2007 - 2:00PM
PR Newswire (US)
- Efficient Web-Based Worldwide Distribution of Annotated Standard
Reports Enables Better Decision Making, Leveraging Data in SAP(R)
and Non-SAP Applications - BURLINGTON, Mass., Jan. 23
/PRNewswire-FirstCall/ -- Cognos (Nasdaq: COGN; TSX: CSN), the
world leader in business intelligence and performance management
solutions, today announced that German bank HSH Nordbank AG
selected Cognos BI technologies as the reporting standard for its
front office activities across all business lines. By using Cognos
as the front end for report generation, distribution, and
presentation, team members at the bank's five main worldwide
locations gain real-time, Web-based access to information to help
manage active portfolios and overall operational management of the
bank's market activities. HSH Nordbank's Real Estate, Finance &
Risk and Global Markets Departments are already using Cognos
business intelligence applications. HSH Nordbank's Global Markets
department relies on the most current business data to provide
senior management with performance data and key figures across all
relevant portfolios. This includes head-office-based credit risk
and market risk related portfolio management activities, as well as
information from international branches and subsidiaries. The
company selected Cognos as its reporting standard to replace its
Excel-based and labor- intensive reporting system because it was
the only vendor that provided a flexible, service-oriented
architecture and the ability to combine SAP(R) Business Information
Warehouse (SAP BW) data and other mainly decentralized data
sources. Cognos is a recognized leader in delivering business
intelligence and corporate performance management solutions for the
financial services industry. More than 1,000 financial services
institutions worldwide use Cognos, including nine of the top 10
banks in Europe and the United States. Some banking customers
include Regions Financial, Bank of Ireland, First Citizens Bank and
SWIFT, the financial industry-owned co-operative servicing over
7,800 financial institutions in more than 200 countries. For more
information about Cognos solutions for the banking and financial
services industry, please visit
http://www.cognos.com/solutions/industry/banking-financial-services/index.html
For more information about how Cognos performance management
solutions provide extended capabilities for organizations with SAP
systems, including market-leading capabilities for business
intelligence and enterprise planning, visit
http://www.cognos.com/solutions/data/sap/. Cognos will also be
demonstrating these solutions at SAP Financials/HR, March 12-14,
2007, in Las Vegas, and SAPphire North America, April 22-25, 2007,
in Atlanta, Ga. About Cognos: Cognos, the world leader in business
intelligence and performance management solutions, provides
world-class enterprise planning and BI software and services to
help companies plan, understand and manage financial and
operational performance. Cognos brings together technology,
analytical applications, best practices, and a broad network of
partners to give customers a complete performance system. The
Cognos performance system is an open and adaptive solution that
leverages an organization's ERP, packaged applications, and
database investments. It gives customers the ability to answer the
questions -- How are we doing? Why are we on or off track? What
should we do about it? -- and enables them to understand and
monitor current performance while planning future business
strategies. Cognos serves more than 23,000 customers in more than
135 countries, and its top 100 enterprise customers consistently
outperform market indexes. Cognos performance management solutions
and services are also available from more than 3,000 worldwide
partners and resellers. For more information, visit the Cognos Web
site at http://www.cognos.com/. Cognos and the Cognos logo are
trademarks or registered trademarks of Cognos Incorporated in the
United States and/or other countries. All other names are
trademarks or registered trademarks of their respective companies.
Media Contacts: Jolene Hajj Lois Paul & Partners, LLC,
781-782-5849 Investor Relations: John Lawlor Cognos, Inc.,
613-738-3503 DATASOURCE: Cognos CONTACT: Investor Relations, John
Lawlor of Cognos, Inc., +1-781-782-5849, ; or Media Contacts,
Jolene Hajj of Lois Paul & Partners, LLC, +1-781-782-5849, ,
for Cognos Web site: http://www.cognos.com/
http://www.cognos.com/solutions/industry/banking-financial-services/index.html
http://www.cognos.com/solutions/data/sap Company News On-Call:
http://www.prnewswire.com/comp/107867.html
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