2016 is already off to a bumpy start – the El Nino effect is not only affecting the weather it seems.
Stock woes stemming from China, continually sliding oil prices, regional unrest and political uncertainty, will UK leave the EU?, the impact of changes from the recent climate conference, form the impact of Basel lll bank regulations, tourist perceptions of the Middle East- fire at Burj Khalifa beheadings in KSA, are recent news items , Egypt Sharm EL Sheik resort has seen 90% decline in tourist numbers since a plane was downed last year. Meanwhile governments are announcing cuts in fuel subsidies across the GCC, VAT introduction is now high on the agenda. There is uncertainty on USA and UK interest rate policy and how much more government stimulus will come from the USA, UK, Europe, China and Japan The hotel and retail business and overall Dubai economic growth all fell towards end of 2015. several IT practices have closed.
So what does that mean for business? Your guess is as good as mine. What is clear is the need for timely information.
Month end close needs to be 1 to 2 days not 1 to 2 weeks.
The ability to rebudget, and reforecast and to consider what if scenarios-pessimistic or optimistic is essential , high oil price or low oil price
Cash flow management is increasingly important
More detailed planning is needed particularly detailed manpower budget planning
Synergy Software Systems specialises in financial solutions – and the Microsoft technology stack.
Ask us about Prophix a unified CPM solution – productised for rapid deployment by wizard and configuration, it is built 100% on familiar Microsoft technology and user interface. Plan, budget, forecast, detailed plan, consolidate, mobility, dashboards, kpis, report packs , comprehensive analysis tools, detailed audit trails- take data from multiple business systems. Synergy Software Systems is the Prophix certified implementation and support partner for the Middle East region.
Implementing a CPM solution may seem like a daunting task. But very few of our customers do everything at once. With Prophix you can grow. Start by replacing spreadsheets for your annual budgeting exercise and then use Prophix for the specific needs of your business. Needs that cannot be met by spreadsheets alone.
Dynamics Ax is a comprehensive enterprise erp solution. The depth and breadth of functionality has increased greatly in recent years. It leverages Microsoft’s full technology suite for end to end to end business solution. Synergy Software Systems is a Microsoft managed partner , a member of the President’s club and is the oldest Dynamics Ax partner in the GCC. It is also the Ax Pact member for the Middle East region.
Infor SunSystems is a single ledger fiancé solution with powerful multi currency features, dimensional analysis and an open architecture which lends itself to integration. The financial analysis tool ‘Vision’ is particularly popular with customers. It is widely used across multi verticals = financial and insurance companies, oil and gas sector for JV accounting, and particularly in hotels because of its ease of integrations to pos, pms, and the rapid implementation.
We also offer complementary solutions such as Payroll, and asset management tools.
military strategists often point out that many countries’ strategies are often geared up to refight the last war rather than those that lie ahead.
With a new financial year and new challenges now is a good time to look at the tools and weapons you have to manage the increasingly volatile business world we face in 2066.
