Controlling solutions for corporate performance management ( CPM – Corporate Performance Management ) ensure the transition to the highest level of use of data and information that the organization has at its disposal not only in terms of reporting the past, but also for the implementation of active measures to improve the efficiency of the organization, both in the short and long term.
Supported processes include financial and strategic planning, budgeting and controlling, reporting and management consolidation with elements of forecasting and decision simulations .
An effective alternative to a spreadsheet
The solutions we offer effectively replace standard tools used in both operational controlling and financial analysis, such as spreadsheets (e.g. Excel), or simple applications created with the programming forces of IT departments – no more tedious rewriting of data, manual gluing of sheets or continuous correction of formulas for the smallest changes in the structure of the sheets .
One of the basic methods of managing a business is budgeting. Controlling systems of the CPM class in a special way support budgeting processes by enabling, among others:
quick preparation of budgets based on reliable calculations and multi-section data distribution indicators,
effective group work of managers and controllers on budgets and automatic consolidation of local budgets into a uniform enterprise budget,
centralization of information processes related to the preparation of budget information in one coherent multi-dimensional data warehouse,
efficient handling of the circulation of this information within the organizational structure of the enterprise,
quick analysis of deviations and monitoring of indicators as well as automatic distribution of reports and economic analyzes to managers responsible for individual areas.
Our solutions are modern Business Intelligence systems based on our own data warehouse implemented in the technology of multidimensional databases OLAP (On-Line Analytical Processing), which ensures high efficiency in economic analysis that is far beyond comparison with spreadsheets and other classic IT platforms.
At the same time, it ensures the ease of management of multidimensional sets of controlling data, the security of the collected data and the management of access authorizations for individual users, as well as the incredible efficiency of preparing economic analyzes for the purposes of supporting management decisions.
For whom?
While the implementation of ERP-class IT systems supports and automates the operational level of enterprise management, the CPM controlling system is dedicated to supporting management at the tactical and strategic level. In particular, the system is intended for the following groups of users: board members, financial directors, chief accountants, financial controllers and analysts, department managers .
The controlling / CPM system is recommended for configuration both for small and medium-sized companies as well as for the large enterprise sector , including capital groups.
The most important functions of the CPM system
Budgeting
The CPM controlling system is a tool thanks to which managers can spend more time making business decisions without losing it on tedious and time-consuming data preparation.
Having a flexible, comprehensive budgeting system is becoming not only a need in today’s world, but even a necessity.
The controlling / CPM system enables quick and easy creation of a company’s budget model, giving the user more time to analyze and understand the data. CPM is a tool that can be implemented extremely quickly and easily. Designed with budget administrators and controllers in mind, the financial controller is able to create a controlling model in seconds.
Reporting
The CPM controlling system provides a sophisticated, comprehensive reporting module – allowing you to create formal management reports while ensuring the flexibility and similarity of the Excel interface. Drill down, slice-and-dice, and pivot table views make it easy to create new reports to meet changing needs.
Built on the latest OLAP technology, the database is a multidimensional data cube that allows you to check every element that we include in our reporting model.
The reporting interface is very flexible and ideal for creating both temporary and formal reports.
Analyzes
Analytics is a critical component of performance management and allows a business to compete more aggressively. Typically, organizations face significant challenges in turning countless amounts of data into actionable information.
Analytical tools play a critical role in organizing and prioritizing such information so that middle and senior managers can make the right decisions. Traditionally, organizations have relied heavily on spreadsheets as their primary analytical tool. This approach often posed a number of collaboration, data accuracy and accuracy issues, and the ability to turn analyzes into practical budgets or forecasts.
Planning of personnel costs
The module provides a number of facilities when planning personnel costs, in particular regarding remuneration, but also all costs assigned to an employee, such as costs of business trips, telephones, additional benefits. In an automated way, it is possible to introduce plans related to a mass change of wages or other payroll components, as well as non-wage plans allocated to an employee and then consolidated at the department level. Access to the module can be limited to a narrow group of people, e.g. the payroll department, which plans data at the employee level so that other users cannot access sensitive data.
Consolidation of financial statements
Due to the possibility of combining data from various ERP systems, as well as various layouts of the chart of accounts in one unified information system in the CPM system, we are able to easily handle the consolidation of reporting and controlling within capital groups. The functionality of the system allows you to handle a variety of operations related to this process, such as the creation of accounting journals, consolidation adjustments or intercompany eliminations.