Meeting challenges facing the Finance team
Sector: Retail
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.
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 (KPI's) and business dimensions such
as location, branch, 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.
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.
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.
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.
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.