Financial Performance Management
Financial departments are constantly facing the challenge to measure, plan and predict business performance, in order to be able to perfectly align the company’s production & strategic processes. Budgeting, planning and financial consolidation & reporting, combined with strategic and operational processes, thus play a crucial role in mapping out the organization’s strategy.
Moreover the links between financial and operational processes become increasingly important & strong, as organizations are working on process alignment between organizational units, such as marketing, sales, stock, production, R&D, etc.
Axians is specialized in providing IBM Financial Performance Management solutions, creating immediate and long-term added value. They are aimed at enhancing business functions like consolidation, budgeting, forecasting, planning, reporting and analytics, all relying on centralized, timely and accurate data. This way we streamline & empower your organization’s planning & consolidation processes, by implementing reliable, repeatable and auditable controls.
By collecting, calculating, compiling and aggregating data, your budget is turned into a reliable & sound source for the ‘what is’- and ‘what if’-scenarios. This enables and optimizes simulation, which is so critical for forecasting and anticipating future performance.
Integration is the key to success
We combine the different types of data at hand with the contribution from the various sources throughout your process chain. The result is a true strategic planning system that enables executives to model the effect of different strategies on profitability, thereby allowing them to apply real-time process optimizations based on the expected future profitability.
1. Financial data
Provide a context to your decision
Balance sheet, P&L, cashflow statements, etc.
2. Analysed data
Benchmark the performance against targets
Customer, product and market profitability, spend optimization, sales & supply chain efffectiveness, …
3. Predictive data
‘What if’-scenarios to simulate the impact of the decision
Cash forecasting, scenario-based planning & forecasting, strategic investment decision support, risk-based predictive modelling, …
Successful enterprise planning depends to a large extent on a high level of collaboration & employee participation. The greater the cross-enterprise input, the greater the accuracy and insights of the plan.
Financial Performance Management enables you to:
- Control cost without sacrificing future growth objectives: meet the short-term targets while preserving strategic growth initiatives.
- Understand what drives cost & profit (or value)
- Improve agility: organizations that can identify opportunities and threats more easily than their competitors understand the implications, can quickly update strategy and execute it consistently throughout their organization.
- Identify and respond to environmental, social and economic risks & opportunities
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Superior partnership IBM
Axians is a superior Partner of IBM, and offers expertise in IBM Financial Performance Management: Planning Analytics, Controller, Narrative Reporting and Predictive.