Enterprise Performance Management
A solid strategy allows you to maximize profitability – enabling you to effectively manage all aspects of your operational execution. Enterprise performance management (EPM) software transforms your ability to set goals, map strategies, and translate goals into easily understood departmental-specific metrics. The resulting capability to monitor, measure, and analyze results delivers performance, removes surprises, and produces remarkable results.
Every business has key performance indicators (KPI’s) that help management answer the questions “how are we doing?” and, more importantly, “is there anything we need to be doing differently?” These indicators can be financial and non-financial, internally sourced and externally sourced, prospective and retrospective.
Akili helps clients to identify these key indicators and to then design and implement performance management solutions that deliver them to the right people at the right time in the right format. Information becomes actionable when presented in the proper context.
EPM solutions help close the gap between strategy and execution by aligning corporate goals with department-relevant metrics; ensuring accountability; enabling trusted reporting and analysis; and streamlining execution of strategy-guided and risk-aware plans.
SAP BusinessObjects enterprise performance management solutions offer comprehensive functionality for:
Strategy Management
- Set your goals, map your strategies, and then manage performance from high-level objectives to operational metrics.
- Balance opportunity and risk to ensure risk-adjusted performance
- Drive accountability by helping individuals understand their contribution to strategic goals
- Provide stakeholders with an adaptable, long-term solution for managing business performance
Planning and Consolidation
- Increase the accuracy and effectiveness of planning, budgeting, forecasting and financial reporting processes.
- Improve your planning, budgeting and financial reporting effectiveness with software that helps increase accuracy while reducing your budgeting and financial close cycles.
- Drive faster and better financial reporting and decision making throughout your organization
- Build stakeholder confidence, mitigate business risk, and reduce external audit costs
- Streamline planning and forecasting processes and increase forecast accuracy
Financial Consolidation
- Complete your financial consolidation and reporting cycles faster – with complete confidence in your data.
- Rely on our financial consolidation software to help you achieve a fast and efficient financial close – with full compliance and confidence in your data.
- Produce financial statements that instill stakeholder confidence
- Support multiple currencies, reporting standards, and electronic filing requirements
- Make better management decisions with full visibility into your company's finances
Disclosure Management
- Ensure a timely, accurate, and risk-free close process by managing the production, filing, and publication of financial and regulatory statements and reports.
- Reduce the time, risk, and cost of regulatory filings and disclosures by relying on a collaborative and compliant process.
- Manage the production, filing, and publication of financial statements and reports
- Compile disclosure statements more efficiently by enabling communication, workflow, and approvals
- Publish reliable and auditable regulatory statements in multiple formats, including XBRL
Notes Management
- Streamline the collection and management of financial notes to help improve your financial statements and reports.
- Streamline the collection and management of financial notes to support footnotes in financial and regulatory statements
- Automate the collection of unstructured data to support financial figures
- Enable intuitive validation and reporting of unstructured notes data
- Increase reliability and consistency of unstructured data in financial notes
Financial Information Management
- Leverage powerful connectivity, mapping, and loading functionality designed for business users.
- Streamline the loading of financial data from all sources – eliminating manual rekeying of data and improving data quality.
- Build trust and help ensure financial data reliability – from source to report
- Increase your productivity through reliable, transparent and repeatable data management processes
- Take advantage of robust data collection combined with strong finance controls
Intercompany Reconciliation
- Accelerate your close by enabling business units to reconcile intercompany balances and transactions directly with one another.
- Automate intercompany reconciliation and remove bottlenecks for an accurate and fast close without departmental or divisional delays.
- Reconcile intercompany balances in real time via the Web
- Achieve faster reporting cycles by enabling your business units to resolve discrepancies earlier
- Free up your finance staff for other strategic work that will improve performance
Profitability and Cost Management
- Identify the causes of underperformance, and take action to reduce costs and optimize profitability.
- Improve your profitability and cost management by zeroing in on performance issues – across products, customers, and channels.
- Understand the impact of price changes and other variables on costs and profitability
- Take advantage of comprehensive functionality for IT services costing – for reduced IT spending
- Empower business users with tools that help them manage their costs
Spend Performance Management
- Maximize cost savings and reduce supplier risk by gaining continuous visibility into company-wide spending patterns.
- Gain visibility into company-wide spend performance, savings potential, and external factors that affect your expenditures.
- Easily access information on supplier payments, contracts, and unclassified invoices
- Proactively identify supplier risks based on external information and spend volume
- Access financial and procurement information through an intuitive user interface
Supply Chain Performance Management
- Measurably improve supply chain effectiveness by focusing on actionable, operational process metrics.
- Measurably improve supply chain effectiveness by gaining end-to-end visibility, focusing on metrics, and improving supply chain risk management.
- See the impact of supply chain decisions on total costs and cash flow
- Get visibility into supplier performance and get advance warnings of potential bottlenecks
- Take advantage of root-cause diagnostics that help you understand and address problems
Sales and Operations Planning
- Develop synchronized demand and supply plans that are feasible and aligned with your company's financial goals.
- Add more strategy to your sales and operations planning by synchronizing demand and supply – and aligning your plan with your company's financial goals
- Simplify your planning process with our data consolidation and analytics tools
- Create a single unified plan based on timely and accurate information from all departments
- Gain better understanding of supply and demand with robust dashboards and drill-down analysis
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