Controlling

Modern

Controlling Space

 

The Concept and features

The platform supports efficient management in dynamically changing market-driven environment. The concept refers to the source of effective planning, within which the strategy, goals and company management system represent a system of communicating vessels. Under these circumstances, budget implementation is as simple and flexible as possible in relation to the environment and in coherence with the strategic assumptions.

Strategic planning

Strategic planning module enables drawing values chain of the company in many different options. Individual business components may mean both internal or external units which take part in building the corporate value. Modelling of KPI values for any business units is run like what-if analyses. Visualisation of strategic data is implemented with use of one-page reporting method.

Operational budget

In the platform, strategic objectives are treated as initial assumptions of operational budget. Mapping of strategic assumptions of the chosen scenario to the organisational structure is performed optionally in case when delegating of responsibility for performing partial budget to greater number of units is justified. Operational module provides here a wide set of tools to manage the budgeting process on the basis of workflow system.

Business Intelligence Analysis

Essential part of the budgeting process is making it possible for the users to run advanced data analysis. The platform has an embeded Business Intelligence class system. Information registered in database is organised in the form of data warehouse. Each participant of planning process has access to interactive dashboards which help to make precise and accurate decisions due to personalized database view.

Consolidation of financial statements

In terms of capital group data management, the functionality of the controlling platform includes a predefined model of management and statutory consolidation. The implemented consolidation account scheme and separate financial statements integration options allow to conduct consolidation process with a very high degree of automation and flexibility. The system has formula for the allocation of capital adjustments, currency conversion and the elimination of mutual transactions. Presentation and visualization of data is possible in a form of XLS files and Business Intelligence reports.
Strategic planning
Operational budget
Business Intelligence Analysis
Consolidation of financial statements
Strategic planning module enables drawing values chain of the company in many different options. Individual business components may mean both internal or external units which take part in building the corporate value. Modelling of KPI values for any business units is run like what-if analyses. Visualisation of strategic data is implemented with use of one-page reporting method.
In the platform, strategic objectives are treated as initial assumptions of operational budget. Mapping of strategic assumptions of the chosen scenario to the organisational structure is performed optionally in case when delegating of responsibility for performing partial budget to greater number of units is justified. Operational module provides here a wide set of tools to manage the budgeting process on the basis of workflow system.
Essential part of the budgeting process is making it possible for the users to run advanced data analysis. The platform has an embeded Business Intelligence class system. Information registered in database is organised in the form of data warehouse. Each participant of planning process has access to interactive dashboards which help to make precise and accurate decisions due to personalized database view.
In terms of capital group data management, the functionality of the controlling platform includes a predefined model of management and statutory consolidation. The implemented consolidation account scheme and separate financial statements integration options allow to conduct consolidation process with a very high degree of automation and flexibility. The system has formula for the allocation of capital adjustments, currency conversion and the elimination of mutual transactions. Presentation and visualization of data is possible in a form of XLS files and Business Intelligence reports.

Foundations

Simplicity

Agile procedures, minimal amount of input data, optimal level of accuracy, one-page reporting idea.

Communication

Telling story in planning process, 360° description of budget objects, team engagement by precise explanation of set objectives.

Flexibility

Use of market opportunities and bottom-up initiatives, scenarios and sensitivity analysis, forecasting in continuous mode.

Organisation

Unambiguous allocation of responsibility, short and fast decision paths, strategic targets orientation at the operational budget level.

Integrity

Combination of planning levels, connection with incentive system, market indices, forecasts, plans, reports and business intelligence analyses.

Values chain

Business model map, focus on critical KPI, monitoring of competitors, benchmarking, defining of relative targets.

References

In the era of Big Data the business community is overwhelmed with information and dynamic market constantly enforces changes of already approved plans. Due to the platform the budgeting process has been simplified as much as possible and quick change of a plan is not a problem for either managers or controlling department.

Katarzyna Żuławska

ANALITYK FINANSOWY ESSENTRA PACKAGING, LIDER ICV REGION LUBLIN

partnership

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