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Better Than Spreadsheets

With capital spending decisions critical in a down economy, CFOs want easier, faster ways to evaluate alternatives. IBM Cognos offers a new Blueprint.

By Staff Writer | Updated on February 03, 2009

Evaluating spending alternatives can be a frustrating process for many finance executives who end up juggling dozens of spreadsheets to make important decisions on capital funding programs. Often fruitless in the best of times, this exercise has become much more critical in today’s volatile financial environment. IBM Corp. and its Cognos unit believe they have a better alternative. Their Strategic Investment Management Blueprint blends IBM Cognos software and services to provide the long-term visibility and analytical tools needed to determine, track and manage investments, says Tony Levy, IBM director of marketing for financial performance management products.

“The time is ripe,” says Steve Kowalke, a former Target Corp. vice president and treasurer, whom IBM asked to assess the model’s potential value to CFOs and treasurers. “With the global economy so turbulent and access to funding limited, corporations need to rethink spending strategies” with an eye toward cash flow, cost-containment and balance sheets.

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