Finance
Financial planning involves the comprehensive process of planning all revenues, expenses, accruals, and cash flows based on the business context and the type of activity. This encompasses planning and budgeting, integrated financial planning, performance management, reporting, forecasting, and modeling.
Key Benefits
Financial Planning and Analysis (FP&A) solutions enhance the finance department's ability to manage performance, assisting top management in formulating an efficient strategy.
Extensive Data Consolidation & Reconciliation
Scenario and Sensitivity Analysis to Forecast Possible Outcomes
Setting Annual Targets for Key Performance Indicators
Financial Modeling to Forecast Operating and Profitability Performance
Drafting a Financial Plan (Budgets)
Tracking the Budget Execution and Targets Achievement
Key Features
Key Features
Data Collection and Analysis
A single data warehouse with maximum granularity, allowing users to build forecasts and interpret facts in one place
Ability to integrate to various sources for collecting financial and operational data, including accounting, BI and ERP systems, data warehouses, and other business solutions
On-the-fly data consolidation in a single format, automatic calculation, and coordination
Data standardization and verification for accurate plans, forecasts, budgets, and analysis
Forecasting and Scenario Planning
Ability to automate processes for developing and continually improving planning, financial projections, and operating forecasts
Tools for forecasting various scenarios of financial results on a regular basis
Financial modeling of best-case, expected, and worst-case scenarios by plugging in different parameters to assess the impact on the company’s financial position, plan capital expenses, and other investments
Reporting and analysis of data in different analytics with natural and financial parameters
Budgeting and Execution Monitoring
Annual budget creation and expense allocation to business units
Options to implement budgeting systems with granularity to Centers for Financial Responsibility, Departments, and other units
Centralized input of scenario conditions and recalculation of the multi-scenario budgetary model
Variance reports tracking Budget vs. Actual by departments and statements of Cash Flow (CF)
Automation of budget limit adjustments and uploading to the ESDH system
Financial Control and Management
Real-time viewing of reports with the option to export and upload in the corporate format
Ensuring comparability of planned and actual data, providing control over budget execution and plan vs. actual analysis with comprehensive detailed analysis capabilities ranging from individual transactions to the entire network
Financial analysis of data and performance monitoring, including sales, expenses, profit, working capital, cash flow, and other KPIs on an ongoing basis
Data visualization through dashboards and interactive graphics to monitor the company’s KPIs
Decision Support and Special Projects
Automated factor analysis and variance explanations
Risk and opportunity analysis to update the forecast to the current plan
Organizing reporting and planning of accounts receivable
Module organization for investment planning (CAPEX and R&D)
Workflow inefficiency optimization
Models and Projects
