Cognos, announced that Dorel Industries has selected Cognos to help optimize operational planning and reporting across all divisions. Dorel required a solution that would allow its senior management to better access and share financial information critical for timely operations planning and decision-making.Dorel is a global manufacturer and distributor of juvenile, recreational/leisure and home furnishings consumer products. The company sells its products under a suite of strong brands, including Safety 1st, Cosco, Eddie Bauer, Schwinn, Mongoose and GT and is the world’s largest juvenile products company in its categories and is the leading marketer of bicycles in North America.

    The company also wanted to replace its current reporting tools with a unified solution that would streamline planning and forecasting processes and facilitate regulatory compliance. After an extensive review of competitive offerings, Dorel chose Cognos 8 Business Intelligence, Cognos Planning and Cognos Controller to provide decision-makers with multi-dimensional operational performance management on one integrated platform.

     “Organizations worldwide have come to trust Cognos to help improve service levels, gain visibility into revenue and profitability performance, control costs, and better manage extended and complex supply chains,” said Paul Hoy, Global Manufacturing Industry Director at Cognos. “By selecting Cognos as their strategic performance management partner, Dorel will be able to more effectively align itself with customer needs, streamline operations and, ultimately, maximize bottom line performance.”

    Cognos 8 Controller will be implemented to automate and structure the financial consolidation process, delivering validated financial information for internal and external reporting and providing a transparent, accurate and timely management view of enterprise-wide corporate performance. It is expected that Cognos 8 Controller will improve efficiencies in financial statement preparation, while also strengthening Dorel’s internal control environment to optimize compliance with legislation, such as SOX, as well as other regulatory requirements worldwide.

    Finally, Dorel intends to use Cognos 8 Planning to develop consistent and accurate sales and operations plans and to allow for the preparation of up-to-date rolling forecasts in the most efficient manner possible.In addition, Dorel will arm its executives with Cognos 8 Go! Mobile, enabling them to use their wireless handheld devices to read and securely interact with corporate performance information and make informed decisions regardless of their location or time.

     Ian Farthing, Vice-President, Corporate Services at Dorel commented: “Cognos is universally recognized as a leader in its industry. In addition to providing a full suite of integrated performance management capabilities, Cognos also offers Dorel a strong worldwide support presence, which was a key influencing factor given our global operations. With Cognos, we will be gaining the highest degree of analysis, planning, and reporting capabilities coupled with the ease-of-use that will allow every user to actively influence decisions that will help drive growth and profitability.”