Financial Performance Management (FPM)

The vision for financial performance management focuses on the relationship between the three critical processes of the 'Office of Finance'.

[strategy-illustration]

To find out more about LSA's approach and the IBM Cognos products they provide and support click on one of the stages of the Finance Cycle below:

Plan, Forecast & Control

Analyse & Optimise

Close, Consolidate & Report

LSA, using FPM software from IBM Cognos, provide finance professionals with an IBM Cognos-based solution for each of these steps. This coupled with our in-depth knowledge and experience of successful implementations and training since 1995, provides you with the necessary tools and expertise to address these requirements successfully.

The Office of Finance

Businesses DEPEND on efficient financial processes and management in all aspects. LSA Solutions are uniquely positioned to deliver your Financial Performance Management (FPM) application through the suite of IBM Cognos PLANNING, CONSOLIDATION, and FINANCIAL REPORTING products coupled with our specialist team of consultants having a solid finance background. This ensures that we understand your language and deliver on your requirements.

PLANNING, BUDGETING, FORECASTING AND ANALYSIS FOR PERFORMANCE MANAGEMENT

Whatever industry you are in, the importance of the Finance function to your business is often stated, but rarely given its true focus. Typical recurring issues that you have to deal with are:

Why is it happening?

Is there a pattern or has an isolated event caused a spike?

What can we do?

The ability to respond to a change in marketing conditions will see
companies succeed... or fail.
The questions may not be stand-alone - knowing what happened,
but not why it happened, does not allow successes to be replicated...
or problems resolve.
knowing why something happened, but being unable to plan and
make the necessary changes to improve the business has no impact.

...and finance are the people who are expected to know all the answers!

Yet all too often Finance is stuck on a low value treadmill with:

Too many ledgers, accounts and journals
Too many irrelevant measures and reports
Too many fragmented IT systems and too many spreadsheets
Too many non-strategic projects
Too much focus on fixed targets and detailed variances
Planning is too long, too expensive and adds too little value

This results in:

Business Managers "drowning in data yet thirsty for knowledge"
Highly skilled Finance professionals doing repetitive tasks, with little added value or appreciation and so are de-motivated
'C level' executives frustration at inability to:
-- Communicate timely, reliable forecasts to shareholders, employees, partnersand implement effective solutions for improved business results

The answer:

An integrated, but open, Performance Management system that satisfies the needs of the Finance cycle, providing cost-effective budgeting, planning, consolidation coupled with analysis and reporting. An open platform, modular approach allows you to focus on a key area for business improvement, knowing a total integrated solution for all your financial needs can develop.