Financial Consolidation and Close Management
Satriun Group designs and implements Financial Consolidation and Close Management applications a fundamental part of CPM and a core component of a CPM suite. Support for this process is central to the responsibilities of the office of finance, because it creates the audited, enterprise-level view of financial information for accurate and timely external reporting, insightful management reports and variance analysis from targets. Financial consolidation and close management applications enable organizations to reconcile, consolidate and summarize financial data based on different accounting standards and government regulations. They provide financial results at local, regional or business unit sub-consolidations.
Financial and Management Reporting and Disclosure
CPM suites require some output to be formatted as structured financial statements. We provide the needed additional logic and presentation capabilities to reporting tools so they can handle these requirements (for example, calculation rules for creating a cashflow statement from income statement and balance sheet data). Satriun Group ensures that reporting tools support generally accepted accounting principles (GAAP) presentation rules, such as U.S. GAAP and International Financial Reporting Standards (IFRS), to enable the preparation of statutory financial statements with appropriate commentary and supplementary notes.
Satriun Group designed a complete IFRS 16 solution covering lease contracts, calculations and reporting fully based on SAP BusinessObjects Financial Consolidation (BFC).
Financial Budgeting, Planning and Forecasting
The budgeting process sets short-term targets for revenue, expenditures and cash generation, and usually has a duration of one year. It typically uses financial classifications found in the general ledger to classify financial goals and targets. The budget (and the budgeting process), typically wholly owned and controlled by the CFO, needs to link with underlying finance systems. The budgeting process usually acts as more of a fixed control mechanism than does planning and forecasting. Satriun Group designs and implements office-of-finance CPM planning and forecasting processes and tools consisting of a financial modeling engine with an integrated income statement, balance sheet and cash flow forecasting capability. This feature distinguishes CPM from other analytics applications that also create plans and forecasts (such as applications for sales and operations planning or marketing campaign planning). Our tools support the creation, review and approval of financially focused plans and forecasts, as well as their associated workflow. They should maintain an audit trail of all associated activity.
Strategic Planning and Forecasting, and Strategy Management
Strategic Planning typically differs from budgeting in that once a budget is created many organizations tend to strictly adhere to it, regardless of changes to the business environment. Satriun Group designs and implements strategic forecasting processes and tools that not only create more-accurate predictions based on experience, but also predict alternative outcomes if business conditions change. Financial forecasting is often simple (for example, add three months’ actual data to nine months’ budget data). Strategic forecasting can incorporate statistical techniques to help predict performance and guide strategy.
Profitability Modeling and Optimization
Profitability and Cost Management includes activity-based costing (“ABC”) and activity-based management (“ABM”) applications that determine and allocate costs at a highly granular level — for example, to determine the cost of each activity that an agent may perform across all channels in a customer service contact center. Satriun Group designs and implements ABC and ABM processes and tools where this information can be applied to various cost objects, including products, customers and customer segments, to help determine product and customer profitability. Our applications often take this approach further to enable users to model the impact on the profitability of different cost and resource allocation strategies.
CPM Training & Education
Satriun Group delivers professional trainings covering various Corporate Performance Management software solutions. Our experienced trainers are experts in both the functional and technical sides of the solutions. In addition to the training courses on our catalogue our team delivers customised trainings, tailored to the need of your team: skills improvement, strengthening in-house knowledge following a change, additional training prior to CPM solution go-live, etc. Our training catalogue provides a list of trainings currently being delivered by our experts.