As CFO or a member of your organization’s finance team you need to be able to provide ever more accurate financial data increasingly rapidly for external shareholders like the stock exchange, banks and other financial institutions. Precise figures are also needed internally to adjust business objectives, assess potential acquisitions and evaluate investments on the basis of Key Performance Indicators.
Making the right information available at the right time definitely delivers a competitive advantage by enabling your business to optimally accomplish the proposed strategy.
The financial cockpit
A large portion of information requested is often already available in one form or another – for example in ledger systems, financial packages, or Excel files. But it’s information that can be spread too widely and be difficult to access.
And, data often has to be supplemented by additional process-based information from budgeting and planning provided by colleagues. Seeing the financial big picture is not always an easy job.
We’ll help you handle this process quickly and with expertise. The end result? A financial cockpit offering a correct insight into the figures to the right people at the right time.
An eye for all issues
LACO analyzes the various source systems, both in terms of the content of the available data and its shape, and guarantees possible data enrichment and data cleansing:
- Assembling the various data into one central financial data warehouse
- Adding financial processes, especially budgeting and planning processes, independent of the applied methodology:
• Zero-based budgeting
• Driver-based budgeting
• Top down approach
• Bottom up approach
• Mix of different methods
- Assembling forecasts and budgets with the realized figures and performing an extensive variance analysis
- Reporting by using dashboards and fixed reports about the documented KPIs, and the provision of those reports at any desired level within the company
- Adding statistical analyses and what-if scenarios.
Implementation on time and within budget and resources
After close consultation with our expert business partners, we’ll propose an efficient plan of action which takes into account the proposed timing, the agreed budget and the operational resources available within your company.
Scoping with milestones and objectives
Together with you, we’ll discuss all aspects of the project and synchronize these with our LACO Project Management Approach.
We will also establish a detailed scoping in which milestones and objectives are determined.
This planning can be provided in both project and a Time and Materials-mode. Every project is always supported by our LACO-training facilities, offered in both standard and custom formats.