Enterprise Performance Management
Strategy Execution is the key challenge and it takes tremendous efforts and discipline for almost all successful organizations. Enterprise Performance Management is the integral part of strategy execution. Business leaders and planners need a planning solution which provides flexibility in planning, up to date dashboards, robust user interface, and easy collaboration. EPM solutions bridge the gap between process and technology to drive performance.
Budgeting & Forecasting
Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's (CFO's) guidance. Planning - outlines the company's financial direction and expectations for the next three to five years. Budgeting - documents how the overall plan will be executed month to month, specifying expenditures.
Forecasting - uses accumulated historical data to predict financial outcomes for future months or years. BP&F models consolidates and centralizes financial information, which can make it easier for finance managers to produce more accurate budgets and perform what-if scenario analysis. Budgeting, planning and forecasting models can be purchased on its own or as part of an integrated enterprise performance management (CPM) system. Our planning consultants are experts in designing the business planning, budgeting, and forecasting processes. They bring real time experience and help our clients to eliminate practical difficulties in designing and deploying the planning processes.
We design processes by considering the current scale of business, expectations from business leaders and managers, future growth, and information technology landscape, capability of users, and sustainability
HR Planning & Performance Management
Human resource managers face a variety of challenges in payroll management, people requirements, skills forecasting, performance planning and reporting. The HR tools to manage the payroll of employees are often used to provide analysis for the function of payroll and can also assist in making projections. Unfortunately, these analyses and projections are often limited because they do not provide “analytical view” in connection with the activity of the organization. The tools of the financial management team have other problems: they show an accounting view of salaries and it is not easy to analyze and forecast with this limited information. To analyze and plan the payroll, it is necessary to “cross” and ensure consistency between the data from the human resources department and those of the Finance department. The adoption of a common language between the CFO and HRD is crucial in order to forecast all the changes and understand the possible differences. During the budget process, for example the financial control is able to bring a vision to the FTE needs under the assumptions of activities. This information is valuable for the HRD who will be able to prepare his plans for hiring and give more accurate forecasts. Our experienced consultants understand human resource management processes and systems very well and can help our clients to design HR planning and performance models appropriately and support proper implementation.
Driver Based Planning
Driver-based planning is an approach to management that identifies an organization's key business drivers and creates a series of business plans that mathematically model how those things most necessary for the organization's success would be affected by different variables The goal of driver-based planning is to focus business plans upon the criteria that are most capable of driving success. Identifying those key business drivers can be tricky if done in a subjective manner, however, and individuals within the same organization may have very different perceptions about what the key drivers of success are. This is why forecasting business drivers objectively through a mathematical model can be helpful. The models may be created with spreadsheets or with more advanced data modeling software applications. Our experienced consultants understand the importance of business drivers very well and understand the importance of aligning them into the business planning, budgeting, and forecasting. We embed the drivers in planning models and ensure that the models truly reflect the business intent of the managers. Our rich experience in building models and project management helps our clients to successfully implement the driver based planning models.
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