CPM & BI in Finance & Controlling:
From cost control to strategic consulting

For the finance departments of successful companies, the only thing that had to be done yesterday was to collect data and prepare key financial figures.

Today, the increasingly future-oriented and strategic work of successful finance departments forms the basis for the best possible business decisions and sustainable corporate success.

This new focus is made possible by Business Intelligence solutions, which above all take over time-consuming and error-prone tasks.

Traditionally, despite the unique position of the finance department as a collection point for data from all departments and branches of the company, controllers are predominantly concerned with cost control and a large number of mostly backward-looking or tactical questions regarding reporting, budgeting and compliance.

However, thanks to powerful BI solutions, they are increasingly taking on the role of strategic advisors to the management.

They use business intelligence tools to underpin business activities with financial key figures and thus support management’s strategic decision-making.

Some references

The standard tool for controllers is MS Excel in many companies. However, against the background of growing data volumes, ever faster changing market and competitive conditions and the general susceptibility to errors in manual data entry, spreadsheets are only suitable for controlling to a very limited extent.

Modern business intelligence solutions accelerate and simplify planning, reporting and analysis and transform data into actionable insights.

In many companies, Business Intelligence enables the implementation of integrated financial planning and thus lays the foundation for professional corporate planning.

The integration of profit and loss planning, balance sheet planning and budgeted cash flow statement creates greater transparency and enables the rapid creation of scenarios and alternative calculations as well as generally more precise measures and faster reactions in crisis situations.

Integrated financial planning is therefore almost indispensable for effective corporate management today.

Focus on analysis and planning

  • Concentration on the essential by focusing on analysis and planning
  • Overall view of the company performance
  • predictive analytics
  • Self-Service Analytics
  • Driver-based planning

Standardisation and automation

  • Reporting, planning, analysis in one platform
  • Automatic data integration
  • Uniform standard reports
  • Time savings in data collection, preparation, consolidation and reporting

Process optimisation in the financial sector

  • Streamlining of financial reporting and planning
  • Uniform understanding of processes
  • Uniform reporting
  • Optimisation of reporting processes
  • Effort reduction
  • Quality Improvement

Data aggregation and data integration

  • Single Point of Truth
  • Consolidation of existing company data in a single platform
  • Integration of data from different systems, departments and locations
  • Consistent use of data
  • Low susceptibility to errors thanks to centrally controlled data status and integrated validation
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Business Intelligence for Finance

  • Bilanz
  • Profit and loss account (P&L)
  • Cash flow, cash flow statement
  • Cost Centre Accounting
  • OPEX
  • Working Capital

Reporting and dashboarding

  • KPIs for specialist departments, middle management and board of directors
  • Visualisation of the most important key figures
  • Quantitative and qualitative indicators
  • Reducing the administrative burden
  • Individual, requirement-oriented reports for various stakeholders

The advantages of BI in finance and controlling

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Reduced susceptibility to errors thanks to centrally controlled data status and integrated validation
Business Intelligence Planning Haken blue
High data consistency and company-wide transparency
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Multidimensionality in planning, analysis and forecasting
Business Intelligence Planning Haken blue
Radical time savings in data collection, data preparation, consolidation and reporting