IOOF’s Approach in Optimising their Budgeting and Forecasting process with the adoption of Cognos TM1

by Tridant

The function of finance is to strive to be the best in providing cost effective support services to the business, underpinned by efficient processes to delivery reliable information that is of strategic value to decision makers.

In this video, IOOF’s CFO, David Coulter, discusses the approach his team took in optimising their budgeting and forecasting process with the adoption of Cognos TM1 and Tridant’s took in it’s  implementation.

With the implementation of Cognos TM1, over a 12 week period, IOOF was able to address the legacy system issues that prevented the delivery of reliable budgets and forecasts, backed by better insights into core business drivers that effect financial outcomes.


David Coulter

David was appointed Chief Financial Officer at IOOF in September 2009. He played a pivotal role in subsequent restructuring and acquisitions which realised in excess of $60m in synergy savings.

David has held other finance positions within IOOF, including Head of Management Reporting prior to the acquisition of Australian Wealth Management Limited in 2009.

With extensive financial services experience and listed entity experience, David has worked at JP Morgan, ANZ Bank and Colonial in a twenty year professional career which commenced at PriceWaterhouseCoopers.

David is a Fellow of the Institute of Chartered Accountants and holds a Bachelor of Commerce from Melbourne University.

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