- Close your year end faster
- Get your budgets signed-off on time
- Esnure informed timely reporting, with alerts, and dashboards and kpis
- Satisfy sharehioder and auditor compliance
One week to go before the CPM seminars with Prophix and Microsoft in Dubai 26 November 2012 and and Abu Dhabi 27 November 2012.
Why is this so important.?
- Leaving aside the CPM analysis and reporting features I think one of the key features is to better manage the overall budgeting and consolidation processes – a group with 10 companies each with 5 divisions, and each division with 10 cost centre is potentially pushing out 500 spreadsheets via email which have to be tracked and expedited and cut and pasted into one master budget. Then inevitably there will be one or two revisions, so over 1000 spreadhseets now. Maybe repated quarterly!
- There will always be the 10% who hold up the process, and the 1% of manual errors that have to be redone. Then the CEO wants the numbers revised , so it all has to be done again
- You soon end up with conflicting different versions, a lot of tight deadlines and a shortage of midnight oil and we haven’t got to things like currency conversion, and analysis of predicted kpis and cashflows, or year on year comparison, or whether we can make things easier by phasing this year on last year’s numbers, using break back and smoothing formulas, comment s and analysis, and teport binder distribuion etc…
- As a CFO I would like to get home at a reasonable hour, and not have the risk of not being able to understand or to justify or to validate my numbers, nor miss deadlines , nor end up with budget I can’t deliver.
- There is increasing need for compliance. SOX puts direct responsbibility on C executives to implement appropriate control and execution systems.
- This region has had its share of high profile fraud cases. A major group needs the right tools.
- A formal easy to use system system like Prophix will keep auditors and financiers much happier and make it easier to refinance loans when the system is seen to be formally controlled with built in user definable workflows, monitored results, analysed with drill down drill through and drill across features, which are reported on in a timely manner with clear audit trails.
- Prophix adds value to a company – it is not an IT expense, but an investment that can be capitalised as a fixed asset and be used as security s, and that will add tangible value if the company is sold.
- Best of all Prophix is easy to use and implements quickly and leverages the Microsoft technology stack.
Come and hear thought leadership presentations on best practices in financial management, the future direction of Microsoft, and see a live demonstration of Prophix.
If you have not received an invite and would like to attend and learn more, than please contact us asap:
009714 3365589
sharmili.shende@synergy-software.com
