Meeting the challenges in the
Finance and Insurance Sectors
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:
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.
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 regulators and other authorities. 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.
Comply with accounting requirements of the sector such as Euro-compliance and partial or non-recoverable
With 16 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.
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.
Monitor the performance of every aspect of the business including product, office, team, person, deal, bargain, division, company, or country
With a LAKE SunSystems solution managers can analyse activity against plan mapped against their own individual key performance indicators
(KPI's). 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.
