Financial Planning
- Overview
- Rolta TUSC Enterprise IT Services
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Executive View
Top Level Objectives
Economic uncertainties, turmoil in the financial markets, unexpected events, global market threats, intense competition, increased regulation and decreasing demand characterize the challenges faced by today’s business executives. Combine this with an ever demanding customer and it is easy to see why it has never been more difficult to plan for financial success. Rolta can help.
Frankly stated, the business climate we operate in today is presenting managers with unprecedented challenges. Annual budgets are obsolete before they are published. Forecasting has become a guessing game. Managers are unable to predict business results with significant certainty. Yet stakeholders demand clarity of vision, stability of performance and execution excellence.
Rolta’s budgeting and forecasting solutions help organizations add value into the financial planning function; real business value. Progressive planning methodologies combined with modern technologies form the foundation of our financial planning solutions. Adding process expertise delivered by seasoned consultants, Rolta enables management with the capabilities to proactively manage performance against goals and objectives.
Solution - Innovation
Rolta’s solutions provide executives with a better understanding of the performance of the organization and an increased ability to forecast performance. Because the solution provides mid and upper management with superior decision support capabilities, executives have more confidence in the organization’s ability to perform. In other words managers can make better decisions leading to better overall performance of the company.
Today’s environment requires a new way of thinking about budgeting and forecasting. Rolta uses these methodologies to provide robust business modeling capabilities that allow for quick analysis of changing business conditions or scenarios.
Advantage - Insight
Insight is delivered through a solution that provides financial transparency throughout the business model. The ability to manage the business proactively is delivered through the data and business model.
Benefit - Impact
Organizations can now analyze a variety of business scenarios quickly and beat the competition with faster and higher quality decision making and planning.
Management View
Business Objectives
Imagine trying to manage a business without knowing how today’s demanding environment will impact the business. Many managers today don’t have the ability to plan for issues such as decreasing demand, increasing competition, expense management, vendor turmoil or employee turnover to name a few.
Rolta’s solution provides businesses with the ability to confidently manage in a dynamic environment. Managers use the solution to understand the obvious and not so obvious effects of various conditions resulting in better preparedness and managerial output.
Regardless of the scenario, a manager can gain an understanding of the performance of his/her business under said conditions. A clear understanding of financial results and performance indicators are used to provide the manager with the information needed to guide the business.
Solution
The Rolta solution delivers budgeting and forecasting capabilities that are based on your business. Driver based models are built that represent how your business operates. Collaborative planning models, process efficiencies and technology deliver the ability to push information to the appropriate decision owners at any level.
Approach
Our approach employs a robust business model that has the flexibility to change, data integrity and quality, speed of thought interaction, methodology consistency and automated process management.
Business Value
Rolta’s solution delivers the ability to improve the management of businesses. Whether at the organization, line of business, division, department or other level, the solution takes the guess work out of management by providing transparency on what will happen under certain business conditions. Better management is the outcome driving better performance.
Technical View
Technical Issues
The technology of choice for years has been spreadsheets. Budgeting and forecasting models are built within a myriad of linked spreadsheets with embedded cell references, formulas and macros.
The spreadsheet solution invariably results in a web of templates distributed throughout the organization. Control is often lost as users make modifications to customize the spreadsheets for their needs. Data integrity is jeopardized as users modify data. System maintenance becomes nearly impossible as simple changes often break the spreadsheet system. Security is extremely challenging.
Solution Components
The Rolta financial planning solutions are delivered through packaged software applications. These multi-tier solutions are designed to handle anywhere from small and mid-size organizations to large enterprise class deployments consisting of hundreds of users. The major components consist of the ETL function, database layer, application layer and web layer that provides for easy access for reporting and ad hoc analysis.
Implementation
Through years of experience and successful implementations, Rolta has developed a unique methodology of implementing enterprise performance management solutions. This methodology, named HyJump, employs accelerator tools combined with a battle tested project management approach to expedite the implementation.
How Does it Fit and Why is it Different?
A centralized system delivers many benefits:
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Control of the system and data is returned to the administrator
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There is one point of system maintenance so as business conditions change, driver model changes can be accomplished in one location
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Application and data security can be used to protect company data and maintain the integrity of the system
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Elimination of user modification of system components
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Process management that allows for systematic tracking and management of financial planning process