Meeting the challenges facing the
Finance team in the Leisure sector
In a sector where competitive pressure is fierce and change is
the only constant, 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.
Lake Financial Systems is in the business of helping Finance
teams manage, understand and improve the financial management of
their organisations.
LAKE solutions 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.
Drive decisions on location profitability, organisational
structure, operations and new 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 detailed
transactional data. Within seconds they can understand the "who,
what, when, where, why, and how" of their bottom line.
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 location, branch, tour, cost
centre, expense type etc. User-defined hierarchies can be used to
aggregate and segment these KPI's and dimensions in line with
actual or projected business models, giving managers a unique
insight into every facet of their business.
Streamline the buying process and control spend
The LAKE 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. At the
same time, transparent processes and sophisticated
approval-routing, guarantee improved governance within a clear,
structured, controlled spending policy.
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 location, branch, tour,
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.
Share information and collaborate with employees, partners,
customers and suppliers
The LAKE SunSystems solution is XML-enabled, and employs web
portal self-service technologies to deliver information to
employees, managers, partners, customers, and suppliers, helping
them collaborate to drive the business forward.
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.
