Meeting the challenges for
Banking, Insurance and Investment
In a dynamic sector, where competition is fierce and transparency is
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.
LAKE provides solutions for the following types of organisations:
Monitor the performance of every aspect of the business
With a LAKE SunSystems solution managers can analyse activity against plan
mapped against their own individual key performance indicators (KPI's) such as
product, office, team, person, deal, bargain, division, company or country.|
These KPI's can be rolled-up in ways which suit the individual using
user-defined hierarchies, completely eliminating the pain of restructure and
change.
Keep the organisation to its budget and provide confidence in forecasts and
visibility of the cost pipeline
The LAKE solution allows you to delegate budget authority with absolute
confidence that spend will be kept safely within plan and that internal control
procedures will be adhered to. It provides complete visibility of the cost
pipeline and related cash flow requirements as soon as orders are requested and
only allows over-spend with appropriate authority.
Cope with constant restructuring and provide a lead in cost-reduction
exercises
The LAKE solution allows you to streamline the buying process, and introduce
standards and procedures designed to bring spend under control and leverage the
organisation's buying power while saving time and money. At the same time,
flexible multi-dimensional analysis allows you to manage the effects of
restructure without the usual nightmare of wholesale code changes.
Find the resources to support restructure, merger and acquisition activity
LAKE has vast experience of rolling solutions out across complex groups of
companies and of meeting infinitely flexible currency, analysis and
consolidation requirements. Our solutions are designed to liberate your people
from mundane activities, giving them time to add value by supporting these vital
projects.
Support decisions on product-mix, existing operations, and new products or
ventures
User-friendly, web-based Reporting and Performance Management tools ensure
that managers can uncover and analyse the trends, problems and opportunities
that are often concealed in traditional accounting reports and detailed
transactional data.
Comply with accounting requirements of the sector such as Euro-compliance and
partial or non-recoverable VAT
With 18 years experience in this sector, the LAKE SunSystems solution already
deals with all these requirements and is recommended by other similar Financial
Services organisations throughout the UK and Europe.
Automatically provide feedback to a growing list of stakeholders
The LAKE SunSystems solution includes Consolidation, Reporting, and
Performance Management tools designed to inform partners, empower managers and
comply with FSA, IAS and IFRS requirements. To meet the individual needs of each
information user, reports can be shared in a number of ways including print,
email and web self-service.
Fully integrated with budgeting and forecasting
With a LAKE solution that includes SunSystems Budgeting and Forecasting,
Finance becomes a true value-add business function.
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, Division,
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.
