Financial analytics
Analytics are of increasing importance to the CFO or quality control group. Steering and controlling the organization comes together here. Besides this, there is also the internal and external accountability for reporting. Having a solid and efficient consolidation, budgeting and forecasting process would be of great benefit.
Usually, it takes around 95 days to determine the yearly budget, 4.5 months to write the financial plan, and 21 days to forecast. Often, the planning, forecasting and consolidation processes are performed using loose spreadsheets and files that need to be sent back and forth between controllers. This decentralized approach does not support an integrated and efficient way of working, and is usually error prone.
Usually, it takes around 95 days to determine the yearly budget, 4.5 months to write the financial plan, and 21 days to forecast. Often, the planning, forecasting and consolidation processes are performed using loose spreadsheets and files that need to be sent back and forth between controllers. This decentralized approach does not support an integrated and efficient way of working, and is usually error prone.
Our conclusion is that a lot can still be improved. In any case, time and costs can be saved, especially by increasing the added value of the process. Spending more time performing analyses, rather than finding, converting and correcting a multitude of data sources.
Magnus improves these processes by…
Financial Analytics training
SAP Analytics Cloud for Planning
SAP Business Planning & Consolidation
(SAP BPC – key user & administrator)
SAP Analysis for Office
SAP Enterprise Performance Management
(SAP EPM – Reporting)
Financial analytics Clients
Need a sparring partner to discuss finanacial analytics? Contact Vincent Beumer for more details
