Meeting challenges facing the Finance team
Sector: Professional Services
In a sector where competition is fierce, project management is crucial, 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.
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 and business dimensions such as
project, cost centre, product, division 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.
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 or partners, budget-holders, employees, and regulatory authorities.
Improve control and accuracy of timesheet recording and client billing
LAKE solutions improve the speed and accuracy of timesheet recording and client billing. Management reports are also improved with up-to-date measures of project profitability, utilization and efficiency.
Streamline the management of expense claims
In most organisations, submitting expense claims is a manual effort involving a mixture of paper forms, emails and spreadsheets. The process is slow; it lacks controls and provides poor visibility for all concerned.
Expense Claim Management helps you improve control of purchase claims. Employees will readily embrace it as the easiest way to expedite a reclaim of monies spent while following established policies and procedures.
Share information and collaborate with employees, partners, customers and
suppliers
The LAKE 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.