Off-price retailer Burlington Coat Factory has selected the Cognos performance management solution to aid its corporate financial planning and reporting.

Burlington is currently developing a strategy to streamline its annual budgeting process and is working to improve the way in which the company regularly tracks projected performance against actual performance.

As part of this process, it wanted a robust performance-management platform to replace its in-house-developed legacy solutions.

Cognos 8 BI, Cognos Planning and Cognos Controller will provide the company with multi-dimensional management reporting dashboards and operational data reports presented together on one integrated platform.

"We were looking for a budgeting and planning solution that was current, easy to use and could easily integrate within our Oracle E-Business application environment," said Brad Friedman, chief information officer at Burlington.

He added that the company plans to capitalise on Cognos' financial planning capabilities for forecasting sales and budgeting labour and other controllable expenses across the enterprise.