IBM Controller v11.2 is now generally available, introducing a series of updates designed to support a more modern Close & Consolidation experience.
The latest release focuses on simplifying some of the core processes finance teams manage throughout the close, including consolidation, reconciliation, financial review and journal management.
For organisations already using IBM Controller, the release provides a useful opportunity to review the latest functionality and consider where it could support existing close and consolidation processes.
What’s new in IBM Controller v11.2?
Modern consolidation
IBM Controller v11.2 introduces a more streamlined web experience for submissions, tasks and consolidation activities.
By bringing more of these processes into the web UI, the release is designed to make it easier for finance teams to manage key consolidation activities and move through the close more efficiently.
Smarter reconciliation
The latest release also strengthens reconciliation capabilities, helping users drill into data and investigate intercompany differences more quickly.
This can support finance teams when reviewing discrepancies during the close and make it easier to identify and resolve issues before they affect later stages of the process.
Faster review
IBM Controller v11.2 includes enhancements designed to make financial review more straightforward.
Users can analyse, validate and export results more easily, helping teams review financial information and share outputs as part of the wider reporting process.
Simpler journal management
Journal management has also been improved.
Users can create, copy and manage journals across fiscal periods, helping to simplify journal processes and support more efficient management of adjustments during the close.
What does IBM Controller v11.2 mean for existing users?
As with any new software release, the relevance of individual features will depend on how your organisation currently uses IBM Controller.
For some finance teams, the immediate value may be the updated web experience and improvements to consolidation workflows. For others, the enhancements to reconciliation, review or journal management may be more relevant.
The release therefore provides a good opportunity to review your current Controller environment and understand which of the latest capabilities could support your close and consolidation processes.
IBM also provides detailed product documentation covering the changes introduced in IBM Controller v11.2.
Want to understand what IBM Controller v11.2 means for your organisation?
HAYNE Solutions works with organisations using IBM Controller to support consolidation, reporting and wider financial close processes.
If you are an existing IBM Controller user and would like to understand the latest release, discuss the implications for your current environment or explore opportunities to make greater use of Controller, speak to our team.
Contact HAYNE Solutions to discuss IBM Controller v11.2.
