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.
