Corporate Performance Management
Budgeting and Forecasting
Many organizations are becoming overly reliant on Microsoft Excel to fulfil their forecasting and reporting needs. Using a Corporate Performance Management (CPM) solution provides for more efficient and effective solutions to meet a business’ core performance management needs. The benefits of using a CPM solution include:
- Increased accuracy in reporting and analysis
- Improved collaboration between different users and stakeholders
- Automation of tasks, reducing the level of manual user involvement
Polaris Analytics collaborates with a network of CPM providers that help corporate clients implement integrated forecasting and reporting solutions tailored to the needs of business units.
CPM Solutions allow clients to access and organize key financial data to improve their internal reporting processes in the following areas:
- Multi-year planning
- Cash flow and Balance Sheet forecasting
- P&L Forecasting
- Financial Consolidations and close
- Key Performance Indicators (KPI) Dashboards
- Rolling forecasts
For more information on our network of customizable products and solutions, contact us.
Management Consulting
Polaris Analytics offers management consulting services including vendor selection, solutions implementation and training services.
Training
At Polaris Analytics we offer product training on all products we service and make recommendations that are in line with industry best practices. Product training is a fundamental aspect to successfully implementing a project and reaping the benefits of your investment. Training sessions for Administrators, Report Developers and Product End users are provided as each user is critical to the success of the project. . Some of the key benefits to investing in product training include:
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- Users learn how to create financial models that make the monthly close process quicker, providing greater lead time for analyzing .
- Users become comfortable and self-sufficient in executing on their day to day tasks.
- Users understand best practices and are able to seek assistance on questions or concerns they have.
Design Review
Understanding the unique business requirements of any organization or industry is key to successfully implementing any CPM project. We use our knowledge of industry best practices in addition to our technical expertise to build an effective design for all our clients that meets the organization’s business requirements.
Vendor Selection
At Polaris Analytics we carefully take the time to understand the needs of a business and assist them in selecting the right vendor. Here is what we do….
- Do a preliminary review of all vendor proposals.
- Record business requirements and vendor requirements.
- Assign importance value for each requirement.
- Assign a performance value for each requirement.
- Calculate a total performance score.
- Recommend a Vendor.
For more information on our consulting services, solutions implementation and training services, please contact us.
Products We Service
Polaris Analytics specializes in several products to service various functional areas of an organization. For more information on these products, please contact us.
