Meeting the challenges facing the
Finance team in Business Services
In a dynamic sector, where competition is fierce and customer
relationships are paramount, most Finance teams spend more time
than they would like wrestling with spreadsheets and reacting to
queries. There is precious little time left to contribute to issues
of performance management and direction.
The LAKE SunSystems solution will release you from the stress
and hassle of spreadsheet forecasting and the routine cycle of
accounting and reporting, and help you take a much more active role
in the management of overall business performance.
Fully integrated with budgeting and forecasting
With a LAKE solution that includes SunSystems Budgeting and
Forecasting, Finance is able to take a more active role in
predicting the impact of changes in tactics, business conditions,
and strategic direction.
The solution builds on underlying General Ledger code structures
to support continuous budgeting, rolling forecasts, and "what-if"
analyses.
With detailed operational plans (e.g. by Department, Team,
Office, Project, etc) feeding into the P&L, Balance Sheet, and
Cash Flow statements, SunSystems
- encourages collaboration between different parts of the
business
- reduces the business risk and overhead associated with dozens
of inter-linked spreadsheets.
The combination of SunSystems and LAKE's rapid implementation
method represents a cost-effective Performance Management solution
for your business.
Monitor the performance of every aspect of the business
With a LAKE SunSystems solution managers can analyse activity
mapped against their own unique key performance indicators (KPI's)
and business dimensions such as Department, Team, Office, Client,
Project, etc. User-defined hierarchies can be used to aggregate and
segment KPI's and dimensions in line with actual or projected
business models, giving managers a unique insight into every facet
of their business.
Share information and collaborate with employees, partners,
customers and suppliers
SunSystems solution is XML-enabled, and employs web self-service
technologies to deliver information to employees, managers,
partners, customers, and suppliers, helping them collaborate to
drive the business forward.
Streamline the buying process and control spend
SunSystems solution helps organisations bring spend under
control. It provides managers and directors or partners with
complete visibility of the cost pipeline and validates every
purchase request and commitment against budget at any level, such
as department, office or project. At the same time, transparent
processes and sophisticated approval-routing, guarantees improved
governance within a clear, structured, controlled spending
policy.
Produce financial and management reports at the click of a
mouse
At the click of a mouse the LAKE SunSystems solution allows you
to produce reports from the same underlying database for all
interested stakeholders; including board members, committees,
management, budget-holders, employees, the public, the government,
and regulatory authorities.
