FINANCIAL PERFORMANCE MANAGEMENT (FPM)

SPEND LESS TIME COLLATING THE NUMBERS AND MORE TIME ANALYSING THEM

Do you find preparing Management Reports requires too much manual effort? Is your organisation caught up searching for the right numbers every month rather than searching for the reasons that can improve performance? Would you like to better understand what is truly driving your organisation’s performance? We can help…

Up to 60% of organisations still use Excel as their primary Budgeting and Management Reporting solution, but Excel comes up short on performing deep strategic analysis, “what if” scenario modelling, or more agile processes like rolling forecasts. Teams using Excel often have to bunker down for days, weeks or months to manually source and review financials, re-key and copy/paste data from “shadow” planning & reporting spreadsheets, and laboriously produce reports in Excel to review internally. So the question is – how do you transition from an arduous, error prone reporting process requiring too much manual data preparation and move to a truly useful, collaborative and integrated enterprise-wide Performance Management process?

The answer is – Bistech’s Financial Performance Management (FPM) Head Start solution! Our Headstart solution provides pre-built assets for common FPM activities, adhering to best practice frameworks and designs. Built and implemented by our full-time team of Certified Practicing Accountants (CPA) and Chartered Accountants (CA), the solution allows organisations to quickly transition from existing systems and get up and running quickly, yet still provides the opportunity to customise and extend the solution based on the unique requirements of your business.

KEY BENEFITS

Predict and react quickly to changes in key business drivers through "what-if" scenario modelling

Deliver key performance indicators through dashboards, visualisations and scorecards

Integrate operational plans with financial budgets and forecasts

Modernise with mobile (ios and android), web and desktop deployment, all delivered through a single analytics platform

Transition from rigid annual budget cycles to ongoing rolling forecasts

Explore scenarios or test business assumptions, and immediately see the financial impact of alternative courses of action

THE HEADSTART SOLUTION