FP&A implementations and optimizations
Implementing and optimizing FP&A processes can significantly enhance an organization’s financial planning capabilities. Our services include:
Application architecture
Robust system architecture is crucial for ensuring efficiency, security, scalability and enhanced decision-making.
Our services include:
- Application architecture: Maintain a user-friendly structural design of your financial performance software application.
- Data organization: Refine data organization with structured dimensionality for all data types enabling multidimensional analysis.
- Integration: Seamlessly integrate with other financial, supplemental and third-party data sources.
- Flexibility: Gain insights and make informed decisions from various data point intersections.
- Scalability: Support large data volumes and complex calculations while maintaining fast system performance.
- Performance: Optimize data storage and retrieval enhancing fast query responses and real-time analytics.
- Security and compliance: Ensure the protection of sensitive financial data through encryption and authentication all the while adhering to regulatory requirements and industry standards.
Metadata governance and automation
Accurate and consistent metadata is crucial for effective financial performance management.
Our services include:
- Chart of accounts: Maintain a consistent chart of accounts across all applications.
- Data integrity and compliance: Ensure the integrity and compliance of your financial data.
- Versioning capabilities: Track changes over time with versioning capabilities.
- Streamline data management: Simplify data management processes with easy export and import capabilities.
- Automate metadata: Leverage configurations of sources systems and business rules to automate dimension hierarchies.
- Approval workflow: Incorporate governance process and configure approval policies at different levels of metadata life cycle.
- Audit capabilities: Implement audit capabilities to track changes and ensure compliance.
Planning, budgeting and forecasting
Align your financial planning with your long-term strategic goals.
Our services include:
- Support for various methodologies, including top-down, bottom-up, zero-based, traditional incremental, activity and driver-based budgeting.
- Design tasks specific to business processes for ease of adoption.
- Integrate accurate and consistent data for actual and variance reporting.
- Unleash the power of artificial intelligence (AI) and machine learning (ML) to build forecast models based on historic trends, assumptions and events.
Close and consolidation
Streamline the financial month-end or year-end process by ensuring accurate, compliant and timely financial reporting.
Our services include:
- Workflow automation: Provides a structured workflow for the close cycle with task assignments, due dates and alerts.
- Intercompany reconciliation: Automated elimination of intercompany revenue, expenses, receivables and payables.
- Currency translation and consolidation: Execute fast and accurate currency translation and consolidation for reporting.
- Journal management: Design process to allow manual or system-generated adjusting journal entries for proper close-out.
- Ownership management: Review and analyze your organization’s ownership structure to ensure proper consolidation percentages, equity eliminations, and control handling in a parent-subsidiary hierarchy.
Cost allocation
Efficiently manage cost and revenue allocations to accurately measure profitability.
Our services include:
- Business-driven allocation methodologies: Implement methodologies tailored to your organizational objectives.
- Transparency and traceability: Ensure visibility and accountability in allocation logic.
- Automated workflows: Minimize maintenance efforts with streamlined processes and automated workflows.
- Reports and dashboards: Utilize prebuilt reports to monitor and analyze allocation results.
Account reconciliation
Ensure compliance and accuracy throughout the reconciliation process.
Our services include:
- Reconciliation compliance: Ensure compliance with regulatory and organizational requirements throughout the reconciliation process
- Transaction matching: Automate high-volume, labor intensive, complex reconciliations and transactions across multiple data sources
- Reports and dashboards: Built in reports for user provisions and audit of task activities for users and auto reminders
- Automate business process and streamline data: Our experts guide you through automating tasks and highlight areas to gain efficiency.
- Intelligent performance management: Create ML models and leverage predictive planning.
Metadata governance
and automation
Planning, budgeting
and forecasting
Application architecture
Close and consolidation
Cost allocation
Account reconciliation