Consolidation, Reporting and Planning
Any organisation with multiple cost centres or multiple sources of data can use Finnivo® to collate, consolidate and report on financial, operational and statistical results and forecasts.
While the software is predominantly used to manage some of our clients’ core financial reporting and planning processes (i.e. Budgeting, Forecasting, Management Reporting, Tax Reporting, Cash Management, Year End Reports and AFS), many clients have now implemented applications to simplify and automate the data collection and reporting of various other transactional and operational functions.
Not Just Finance
Finnivo® is also used to manage the collection of data, analysis and reporting of various non-financial processes, including (but not limited to):
- HR and Remuneration Planning (payroll planning)
Manage your entire payroll budget and forecast in a secure and confidential environment. Calculated totals (i.e. cost to company and contribution totals) can automatically be exported to the company financial budget. Includes departmental transfers, increases, contributions, levies, etc.
- Cost Calculations
Import, capture or calculate data used in the calculation of costs per cost center, product line, client or other defined parameter. The calculated results can then be exported to other systems that require the information (i.e. CRM).
- Flash Reporting
Automate the collation & reporting of ‘flash’ type information (i.e. revenue, EBIT, cashflow, Inventory etc.) immediately following the completion of a reporting period (allowing efficient management decisions and actions before the completion of the monthly management accounts).
- Sustainability Reporting (carbon footprint, green reporting)
Simplify the process of collecting data and calculating your organisation's carbon footprint. This includes the publishing of ‘green’ reports and automates the generation of the environmental aspect of integrated reports.
- Risk Reporting (risk matrix)
Use Finnivo® to manage your risk matrix. Collaborate and collect data across multiple cost centers and/or business functions to determine likelihood, risk scoring, impact, mitigation controls and actions relating to identified risk areas.
- Sales Forecasting (per product line, region, cost center or other)
Assemble detailed sales budgets and forecasts at any level (i.e. per product, product line, cost center, sales person or other defined reporting method). Import historical data; calculate trends; collate user input; and calculate aggregated forecast data to be incorporated into company budgets/forecasts or for periodic review.
- Store Budgets (retail - including pushing results to main company budgets)
In the retail environment, budgets per store are typically generated separately to overall company budgets. With Finnivo® you can simplify and automate the process of distributing and completing the budgets for each individual store (whether controlled by the company or franchise owners) as well as the aggregation and publishing of the forecasted results to the overall financial forecast for the company/group/chain.
- SHEQ
Monitor and measure your SHEQ record. Keep track of the employee head count, hours worked, incidents, injury, lost time, damages and other SHEQ-related stats. Automate the data collection and result calculations and seamlessly analyse and report on the results.
- Strategy
Implement a strategy model (unique to your business environment and industry) used to collate multiple sets of financial & operational data, management commentary and environmental and industry related information. Combine the information with captured or calculated forecasts to determine various scenarios, outcomes and identified action plans.
- Insurance
Centrally manage records of insurance across multiple cost centers or locations. Keep records of all insurance policies (including premiums); calculate exposure & required cover; keep records of and analyse claims; manage renewal; and measure performance and cost/benefit ratios across various cost centers.
- Guarantees
Manage records and activities relating to guarantees and sureties (including payment guarantees, construction guarantees, performance guarantees, retention monies guarantees, supplier sureties, advanced payments and other). Use Finnivo® to record, aggregate, analyse and report guarantee data and to calculate and trigger action items.
- Leases
Record, monitor and analyse lease information across multiple locations/cost centers. Manage renewals and compare rates per square meters.
- Debtors and Creditors reconciliation
Reconcile debtor and credit books across multiple of cost centers. Automate the elimination of inter-company values and/or the combination of multiple accounts representing the same debtor/creditor.
- Share Trading Analysis
Simplify the recording, monitoring, comparison and analysis of share prices and index values.
- Scorecards (BBBEE and others)
Generate BBBEE scorecard information for certification purposes. Collate data from multiple sources and generate verification reports.
- Stock Position
In the absence of a centralised ERP or inventory management system, use Finnivo® to collate inventory listings from multiple cost centers and present a reconciled inventory list to cost centers so that that they can verify stock holdings in other locations (i.e. stores, warehouses, etc.) including the combining of stock codes for items representing the same product.
Click on any of the following links (or navigate from the menu above) to explore how such reporting/planning processes are managed with Finnivo®.
