Citibank improves productivity by updating financial processes


After implementing IBM Cognos TM1, Citibank realized a reduction in the number of people working on financial reporting by roughly 15 to 20 percent across the organization.

Eric Schanzenbacher, Senior Vice President, Strategic Planning & Analysis, Citibank, explains “Previously we were on a different OLAP solution, which was not as readily user friendly as what Cognos TM1 is. Primarily what we were looking to do is implement a solution for our financial reporting needs. And we looked at Cognos TM1 and found that the flexibility of the tool, and the ability to multi-dimension the data that we were looking at, gave us the ability to cut the data the way that we needed."

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