THE BOTTOM LINE

Nucleus Research recently examined the use of IBM Cognos Financial Statement Reporting (FSR) at a major oil and gas producer to identify the benefits of using the application to create financial statements with XBRL tagging. Analysts found that Cognos FSR enabled the company to avoid service bureau printer costs and headcount growth while also improving accountant productivity.
ROI: 51%
Payback: 1.8 years