Analyzes and integrates two main aspects of financial management i.e. external
communications for shareholders (statutory consolidation, regulatory reporting and tax
reporting) and internal communications for planning, control and decision-making
(budgeting, forecasting and management reporting). Integrating all types of internal and
external reporting ensures the coherency and eliminates the discrepancies that are
common today between the different reporting types.
- Top-down budgeting driven by clear communication of corporate goals and objectives.
- Bottom-up budgeting including data collection and collaboration, where everyone can input their data over the Web.
- Multidimensional modeling including "what-if?" and scenario analysis that can be measured against budgets in real-time.
- Complete process management including workflow, versioning and status control.
- Up to real-time actuals with historical data for true performance management and reporting.
- Integrate forecasting, modeling and planning processes. Create rolling forecasts based on any time period chosen.
- Provide centralized templates that simplify the enterprise-wide forecasting process and foster collaboration.
- Engage in what-if scenario planning for any situation including realistic, optimistic, and pessimistic projections.
- Factor trends, seasonality and "unforeseen" events such as government regulation and holidays into forecast.
- Create unlimited versions of the forecast without impacting actual source data. Access and adjust forecasts anywhere, anytime, directly over the Web.
- Provide a single, holistic view of financial data. View budget-to-actuals data including assets, liabilities, income and expenses.
- Consolidate data in real-time from any number of general ledger systems and charts-of-accounts - creating a single COA structure.
- Automate the inter-company elimination process, providing clear transparency into corporate transactions at all levels.
- Ease the financial management pains associated with corporate mergers, acquisitions, and reorganizations.
- Manage any number of currencies, performing conversions, allocations and eliminations as needed.
- Provide clear, transparent financial statements and reporting including P&L, cash flows, and balance sheets.
- Fully support US GAAP, Canadian GAAP, UK GAAP, FASB, and other international accounting standards.
- Keep a complete audit trail of all adjustments and journal entries which can be interrogated by the pre-built reports.
- Consistent, timely, understandable reports.
- Leverage the full extent of corporate intelligence for optimal reporting.
- Create and distribute boardroom quality reports in virtually any data format.
- Provide secure report access to thousands of users over the web.
- Empower users with self-service report creation and distribution.
- GAAP reports including P&L, cash flow, and balance sheet.
- Specialized reports including trend analysis and variance.
- Performance reports with alerts and exceptions.
- Allow remote sites to extend the application for local reporting.
- OLAP front-end applications for ad-hoc information analysis.
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