Leading Customers Use Cognos Performance Management to Drive Increased Visibility and Control in the Office of Finance



    - Cognos Controller and Planning give companies better corporate
reporting; faster, secure consolidation capabilities; planning, budgeting and
forecasting flexibility -

    OTTAWA & BURLINGTON, MASS., October 31 /CNW/ - Cognos(R) (NASDAQ:   COGN)
(TSX: CSN), the world leader in business intelligence and performance
management solutions, today announced that leading organizations worldwide are
improving their financial consolidation, reporting and planning processes with
Cognos Performance Management solutions.

    Cognos performance management solutions provide a single line of sight
across all time horizons. Planning and consolidation combine the forward
management view of the business (planning, budgeting and forecasting) with the
current and historical view of the business (consolidations, reporting, and
financial analytics.) This integrated operational and financial view lets
customers proactively address business challenges for greater operational
effectiveness.

    Cognos Controller automates and structures the financial consolidation
process, provides centralized control and collection of data, supports the
improvement of the internal controls environment and ensures delivery of
certified, financial performance information for internal and external
reporting. Customers get a transparent, accurate and timely enterprise view of
financial performance. Cognos Planning is a finance-managed solution that
provides real-time visibility into resource requirements and future business
results. It supports best practices such as driver-based planning and rolling
forecasts, and serves as the cornerstone for enterprise-wide performance
management.

    Consolidated Graphics (CGX) is a leading commercial printing company with
a far reaching footprint across North America. CGX selected Cognos 8
Controller to deliver a single, secure, and robust corporate reporting
platform to be driven by the company's finance department.

    "As a fast growing business with operations across North America, we
wanted to enhance financial performance management by streamlining our data
reporting processes with a robust solution that would be readily used across
the organization," said Tracy Crawford, senior accountant at CGX. "Using
Cognos 8 Controller, our organization will shorten and improve our close,
consolidation and reporting processes and give our many locations more timely
access to accurate, quality financial data."

    Vermilion Energy Trust is a premiere Canadian-based international energy
trust headquartered in Calgary, Alberta. Having experienced significant growth
in the past four years, Vermilion selected Cognos 8 Controller to automate and
streamline the company's consolidation process enabling a more efficient
close.

    "We have a complex consolidation process that previously relied on
numerous spreadsheets requiring considerable effort to provide consolidated
financial results on a timely basis," said Jeremy Kalanuk, supervisor of
financial reporting at Vermilion Energy Trust. "We chose Cognos 8 Controller
to give us a centralized, Web-based, scalable corporate reporting solution
that can be managed by the finance team. With Cognos 8 Controller, we don't
need to tie up IT resources, and our consolidation process is much more
efficient."

    While consolidation is a formidable effort for most companies, financial
and operational planning can also consume valuable corporate cycles and
resources. With a global network of more than 700 offices in 63 countries,
Crawford & Company is the world's largest independent provider of claims
management solutions to insurance companies and self-insured entities. To
assist in corporate planning, the senior management team needed a detailed
monthly budget and forecast report, with a particular focus on compensation.

    "We were looking for a planning solution that could be easily deployed
and updated, require minimal keystrokes, yet support significant built in
calculations," said Stacy Swanson, director of operations support at Crawford
& Company. "With Cognos Planning, our organization has a solid accurate budget
view which delivers increased visibility and control to drive better business
decisions, without using significant employee resources."

    "The task of closing the books, consolidating results and financial
reporting, coupled with meeting compliance requirements, is too complex and
time consuming to do manually. And obtaining a forward-looking view of the
business that adapts to changes in market conditions, customer behavior, and
resource availability can only be achieved with a robust performance
management solution," said Doug Barton, vice president, performance management
at Cognos. "With Cognos Financial Performance Management solutions, our
customers are able to set performance targets, align resource plans and
forecast business results to meet or beat expectations. Companies are easily
able to combine financial consolidation and planning with business
intelligence capabilities to define, understand and lead the company's
decision-making for better financial performance management."

    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.

    Note to Editors: Copies of previous Cognos press releases and Corporate
and product information are available on Cognos' Web site at
http://www.cognos.com




For further information:

For further information: Media Contacts: Cognos, Inc. Connie Costigan,
613-738-1440 Connie.Costigan@cognos.com or Lois Paul & Partners, LLC Doreen
Maciak, 781-782-5832 Doreen_Maciak@lpp.com or Investor Relations: Cognos, Inc.
John Lawlor, 613-738-3503 john.lawlor@cognos.com

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