To manage performance effectively, business unit managers and line managers need timely data to quickly identify and analyze deviations from expected results. Making adjustments as needed, and dynamically refreshing the working plan, creates a flexible structure for managing your operations. Planning must be more than a tedious periodic exercise required by the corporate finance group, it must provide a valuable and useful model utilized by all stakeholders to measure business performance. Our consultants help you balance these needs and deliver a solution to maximize productivity across your organization.
We help you create integrated solutions to align your strategic, financial, and operational planning processes. Creating more accurate forecasts reduces the risk of adverse business impacts from missed estimates. Our best practices have been developed through years of experience across a wide range of industries, and are designed to reduce your cycle times, improve accuracy and controls, and provide more powerful and flexible analysis. Planning involves users throughout your organization, so it is critical to create an integrated and collaborative process which combines advanced modeling capabilities and data integrity with the Excel interface demanded by end users. Prognos’s approach blends people, process, and technology to ensure a complete solution that delivers value for all stakeholders. More...
If you are still using spreadsheets for financial reporting, you are at risk. Today's stringent reporting regulations require a single version of the truth - one view of financial and operational results integrated from multiple systems. You need flexible financial models that enable easy what-if scenarios, so when facts and assumptions change, you can easily and quickly produce new statements and views of results. This is a critical component in your ability to deliver consistent and timely financial information to both internal and external stakeholders.
The Prognos consultants have years of experience in delivering world-class financial consolidation and reporting solutions. Our expertise and best practices help shorten your close cycle, improve your controls for better compliance, and expand your reporting and analysis capabilities. Our solutions optimize your companys financial systems, data, and processes so you gain efficiencies in deploying enterprise-wide solutions. We help change the role of your internal staff from just compiling numbers to delivering financial analyses in support of strategic and operational management decisions. Our consultants understand the complexities of global implementations, so we ensure that your financial reporting solution delivers value today, and can also be adapted to comply with future requirements such as pending IFRS regulations. More..
Delivering better, more timely information is a constant demand from business users. Making it easily consumable and putting it in context are the real keys to success. We believe that utilizing some form of dashboards and scorecards is a requirement for all companies in today's rapidly changing environment. They need to be easy to view and understand, dynamic and relevant, and provide analysis and drill-down capabilities. This approach has proven successful, even in organizations with little or no analytic experience. We strongly recommend incorporating these Business Intelligence capabilities as a critical component of every Enterprise Performance Management implementation.
The Prognos team has expertise in reporting, dashboarding, and scorecarding across many different industries, and we help guide your company through its information management challenges. Move beyond silos of business intelligence and disconnected spreadsheets to gain better visibility into your operations. Our solutions empower your users by providing flexible analytic and reporting capabilities to identify the true drivers of your costs and profitability. This understanding turns the chaos of raw data into actionable insight and allows you to focus on the essential metrics and KPIs most critical to your business. More..
A key component to improving the quality and consistency of your business information is to standardize the definition and management of your data, as well as the metrics and KPIs used to measure and analyze results. Research shows that poor data quality and governance is responsible for more delayed or failed Performance Management and Business Intelligence initiatives than any other single factor. We believe that Data Management is a critical component of all EPM and BI implementations, and needs to be addressed in every project plan.
Our consultants have deep expertise in all areas of Enterprise Data Management including data quality, data sourcing, data cleansing, data transformation, data aggregation, data integration, data controls and governance, master data management, hierarchy management, and drill-through technologies. We identify the structures, processes, and tools needed to make your diverse application systems work together seamlessly. Our System Architects ensure that your EPM and BI solutions fit with your existing application, database, and platform investments, while aligning with current and future technology standards. More..