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.
