HSH Nordbank Optimizes Performance and Management of Active Portfolios with Cognos Solution
– Efficient Web-based worldwide distribution of annotated standard reports enables better decision making, leveraging data in SAP® and non-SAP applications –
BURLINGTON, Mass., Jan. 23, 2007- 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® 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.
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.
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.
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