Governance, Risk & Compliance
Existing System Augmentation
Collect decentralized data and documentary proofs, simulate the impact of changes to discount rate or duration on financial reports, create any dashboard or reporting book. Integrate with any ERP or consolidation solution.
Varying parameters on processes are collected monthly in the field at multiple hierarchical levels. Successive allocation is performed, using cost accounting principles and drivers to establish cost per process or activity, with real-time reporting.
Forecast & Reporting
Budget planning is enriched through collaborative definition and reporting of multi-year action plans for performance improvement. Manage repositories that are common to admin and business, facilitating collaboration, improving data quality and enabling common operations.
To better plan changes to cash positions, treasurers add analytical dimensions (business unit, region, payment modes, etc.) that do not exist in cash management solutions. Anticipate the impact of business model changes to future cash flows.
Measure the long-term financial impact of a change in product mix, including M&A or divestitures. Through collaboration, ensure reliability of data used in strategic decision models.
Multi-site organizations use a common repository for budget and operations planning, comparing to actuals from diverse accounting and operational systems. Reporting systems (accounting and operational) are aligned, planning and simulation is shared across management in real time
Back Office Quality
Performance of the back office (contract management, customer relationship platform, IT incident processing time, etc.) is measured through a bottom-up data collection system, from regional offices to headquarters, with shared KPIs that help improve the quality of service.
Each business unit manager monitors its own industrial performance, leveraging a decentralized collection process for operational data and business-specific processes. Performance is measured at the country, region and group level, each entity can initiate shared action plans to improve that performance.
IT Project Efficiency
Worldwide investment reviews and decisions are integrated inside the efficiency management system. Each project is tracked on a multi-year basis, technically and financially. Any deviation on quality, delays, budget, etc. is enriched with qualitative information and collaborative exchanges, and triggers targeted action plans.
Risks attached to each engineering project are defined by field managers, who trigger collaborative action plans that include specific customer actions. Dashboard with comments are provided to clients and to management, enabling real-time simulations for joint decision making.
Multi-Year Investment Planning
Complex and multi-year investment predictions, up to 10 years, are managed at any level of detail, from the order line to global aggregation. Inflation rates are used for key milestones (project launch, deployment, etc.). Daily reconciliation with the ERP applies to up to 800 projects, 14,000 accounts.
Compensation and Benefits
Track compensation packages for expatriates and key personnel. Evaluate goals achievement, impact on base and variable pay, and bonus allocation - managed and controled by country management as well as business unit or division.
Three-year workforce projections are provided by subsidiaries, both in financial terms but also for expertise, core competencies and location. The application matches needs with assignments in order to help internal mobility and optimize staff cost.
Human Resources and Operations share a common repository, leveraging collaboration, and obtain a shared analysis of payroll trends showing actual workforce and costs, bringing HR controlling close to the field.
Workplace injuries are declared and documented, can be linked to the legal compliance repository, and trigger action plans to fix or prevent them based on criticality.
Legal Compliance Management
The legal repository is updated continuously and enables managers to identify compliance gaps. Action plans can be defined, their execution tracked. Managers score the efficiency of actions and focus their efforts.
Industrial Risk Management
The level of industrial risk (probability of occurrence, potential severity level, existing containment degree) is qualified by the field. A scoring of risks enables the creation of an action plan, which execution is enriched through comments at every hierarchical level.
Risk evaluation questionnaires by function are administered based on responsibility and job. Responses include qualitative comments, images, or other files. Auditors fill in these same questionnaires in a double-blind process. Scoring of responses identifies difficulties and triggers action plans.
Corporate Social Responsibility
Questionnaires that are compliant with Corporate Social Responsibility requirements can be enriched with enterprise-specific projects. Collaborative functions and qualitative information management allow the definition of improvement action plans. Information traceability and auditability are guaranteed.
Business Objects & Data Warehouse
Performance data from several existing systems is gathered, computed and presented as alternative views, feeding dashboards with a customer perspective and a management perspective. They are enriched with field comments and published in both an intranet for the executive team, and an extranet for customers.
Timesheets are entered by each division for missions and tasks. Time reported per process is mixed with data from accounting for each division, computing a cost of production for each process, which performance can therefore be tracked and benchmarked.
Master Data Management
Several Essbase and HFM applications, managing different aspects of performance, leverage consolidation of common data, optimizing productivity and guaranteeing integrity of the repositories used.
Hyperion Financial Management
Data loaded into HFM is augmented with more granular information and commented through processes that involve different hierarchical levels. Integration with HFM ensures consistency of data.
Dynamic webforms, customizable navigation, embedded collaboration, dashboarding, reporting, publishing, story telling with qualitative comments will dratiscally transform Essbase into an end to end flexible and powerful platform.