finance management · customer business process alignment approach our plan for realistic phases...
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d i g i t a l l y t r a n s f o r m i n g b u s i n e s s e s
Finance
Management
Achieve true financial
visibility
digitally
transforming
businesses
focusour
400+Solutions Delivered in 7 Countries
Y E A R S
3Offices in Malta, London & Milan
50+Certified Professionals
technology
people process15 Technologies
supported
57 Qualifications earned
350+ Cumulative years of industry experience
Decision-making
Risk management
Change Management
Monitoring
Customer Service
Issue Management
performing under pressure
86%86% of buyers have claimed they would pay
more for an overall better customer experience
40%
7%
employee productivity is decreases by 40%
during task switching
only 7% of all customers would describe
their customer experience to be “excellent”
Walker 2020 Report
American Psychological
Association, 2001
Bain, “Closing the delivery
gap,”, 2005.
what will it do ?
Set up a General Ledger
set up a company and start posting to the general ledger, chart of
accounts, general journals, VAT facilities, recurring journals and source
codes.
Manage your Budgets
work with budgets in general ledger accounts. Enable multiple
budgets to be created for identical time periods, allowing your
business to analysed budgeted vs actual amounts in the chart of
accounts.
Automate Deferrals
set up deferral templates that automate the process of deferring
revenues and expenses over a pre-defined schedule.
Automate Deferralsset up deferral templates that automate
the process of deferring revenues and
expenses over a pre-defined schedule.
Purchase Order Management
manage purchases, blanket orders and purchase order processes.
Register key data such as invoice details and Shipping and Payment
information for optimal purchase order processing.
Sales Order Management
manage sales orders, blanket sales orders and sales order processes to
effectively track and manage all steps taken during the processing of
each respective sales order.
Approval Workflows
protect business-critical information by allowing approval workflows to
notify decision makers when a change has happened, for them to
review and sign-off on updates to master data.
Approval Workflowsprotect business-critical information by
allowing approval workflows to notify
decision makers when a change has
happened, for them to review and sign-
off on updates to master data
Fixed Assets
keep track of fixed assets and related transactions such as acquisitions,
depreciations, write-downs, appreciations and disposals.
Set Up and Manage Insurance
register insurance policies into a unified system, allowing you to group
your insurance policies into categories and accumulate information
about each insurance policy on an insurance card.
Fixed Asset Maintenance
manage fixed asset maintenance to record the various types of
maintenance that have been performed, such as routine service and
repair.
Fixed Assetskeep track of fixed assets and related
transactions such as acquisitions,
depreciations, write-downs,
appreciations and disposals.
Bank Account Management
create, operate and manage multiple bank accounts for catering to
your diverse business needs and across different currencies.
Bank Reconciliation
reconcile your bank statement data automatically to open bank
account ledger entries and keep track of all your bank statements.
Activate SEPA Payments
enable your system to easily submit vendor payments electronically in
Single Euro Payments AREA ISO 200022 payment format, for a quick
and secure payment transfer.
Bank Account Managementcreate, operate and manage multiple
bank accounts for catering to your
diverse business needs and across
different currencies.
Dimensions
add unlimited dimensions to any ledger for advanced transaction
analyses.
Account Schedules
get insight into the financial data stored in your chart of accounts
through Account Schedules. Effectively analyse figures in general
ledger accounts and compare GL entries easily.
Cash Flow Forecast
track financial solvency and keep a close eye on your business’
financial obligations through Cash Flow Forecasts. Allow your business
to analyse historic data and make cash flow predictions for the future.
Cash Flow Forecasttrack financial solvency and
keep a close eye on your
business’ financial obligations
through Cash Flow Forecasts.
Allow your business to analyse
historic data and make cash
flow predictions for the future.
Intercompany Postings
ensure simplified transactions between companies through the
implementation of a common chart of accounts and set of dimensions
for use on intercompany transactions.
Consolidate Data from Multiple Companies
gain useful overview of the financial health of your overall business.
Consolidate across companies with different charts of accounts, as well
as companies that use different fiscal years and currencies.
Utilize Multiple Currencies
manage multiple currencies throughout the system, including payables
and receivables, general ledger reports, resource and inventory items
and bank accounts.
Intercompany Postingsensure simplified transactions
between companies through
the implementation of a
common chart of accounts and
set of dimensions for use on
intercompany transactions.
Solution Delivery SupportEnvision
Understand
current state
Define
future state
Deliver
future state
Customer Business Process Alignment
approachour
plan for realistic
phases that users
can handle
assess business
value of
customizations
business first,
technology
later
prototype
deliverables
to manage user
expectations
involvement of all
stakeholders to
verify scope
provide assistance
during User
Acceptance stage
managing risk
business relevance• ensure commitment and participation of all levels of
management, by considering this as a business
transformation project and not just an IT project
unstructured approach• utilize our solution delivery approach to ensure that all
stakeholders are on board with the process
• management of scope is crucial
inflexibility to change• focus should be on business processes and how
technology can be mapped utilizing its existing
functionality
• consideration needs to be given to widely adopted
processes within the software
absorption of change• staff at different levels have a different degree of absorption
and adjustment to change
• this needs to be taken in consideration in the release plan
resource availability• available resources at all levels for participation in workshops,
training and acceptance
• loss of critical staff during the project needs to be mitigated to
ensure reliable and efficient resource management
data migration• validate quality of data and ensure adequate
resources are available for data cleansing
