Finance Enterprise Performance Management
Many enterprises that have adopted ERP Solutions to address the complexity of global business models are still searching for value due the lack of quality information and standardization of key underlying ERP platforms that allow any business to drive its performance based on reliable information.
We foresee several challenges in achieving this type of reliability:
- Identifying the correct metrics to drive business performance across all organization levels
- Leveraging and coordinating disparate data sources that stem from legacy applications and systems
- Creating actionable insights from all available data sources
- Improving communication and ownership of performance metrics across all levels of the business
HOW Innokat HELPS
Innokat’s Finance Enterprise Performance Management (FEPM) Service addresses these challenges by driving the execution of the agreed strategy. Our FEPM teams drive your organization to make better decisions that maximize value creation and protection at the organizational level. The role of FEPM is in effect to be a Value Integrator and a business partner.
Key benefits of our service include:
- Streamlined reporting processes that provide a ‘single version of the truth’
- Process Optimization, Toolkits, and Target Operating Models for optimizing finance service delivery and approach diagnostics for finance and accounting strategy and processes
- Tax diagnostics and balanced scorecards
- Enterprise Performance Management framework, best practices, and industry metrics
We leverage Business Intelligence tools and applications to improve financial data visibility, rationalize spending and support, corporate planning and reporting. Our solutions include KPI definition, definition of Finance Data Structures, Finance Balanced Scorecard development and the enablement of Business Intelligence & Reporting applications.
Our FEPM Service enabled by technology and Business Partnering is an iterative process comprising 4 steps:
- Plan:Strategic planning, budgeting and forecasting, performance management frameworks, performance contracts and investor relations
- Report:Board reporting, Management information, group reporting including consolidation
- Analyze:Strategic cost management, Customer decision support and asset decision support
- Improve:Strategic Initiatives review, Strategic cost reduction and business case support.
We tailor a comprehensive solution and methodology to meet your needs. During the transformation roadmap, we partner with you to develop and implement best practices with the best suited technology.