LSA Solutions are a Cognos Channel Partner, offering financial reporting, consolidation, budgeting, forecasting and analysis

Home

Contact us

Register

Overview

The Office of Finance

Whatever industry you are in, the importance of the Finance function to your business is often stated, but rarely given its true focus.

Businesses DEPEND on efficient financial processes and management in all aspects:
How are we doing?
  From individual departments through to multi-national corporates, all need to measure against plans and objectives
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 resolved
- 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, partners
		identify performance gaps before they occur, access alternatives and 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.

The Finance Cycle

The Finance Cycle is an imagemap: Click on any of the stages in The Finance Cycle to find out more about LSA's approach and the Cognos products they provide and support.

LSA provide a Cognos-based solution for each of these steps, coupled with our in-depth experience and knowledge of successful implementations and training over the last ten years.

Return to top