CoreEPM Actuals: Automate the month-end close
Many clients today need help to capture, consolidate and report their actuals in a timely, error-free, automated fashion. The production of the actuals is the centrepiece of the Office of Finance and the foundation for measuring the health of the organisation. Too many companies use Excel for this process, taking weeks to close their books, presenting reports to the ELT, and struggling with Cash Flow and Balance sheet production. Organisational expansion, new business purchases and entrenched processes make this task complex and time-consuming. CoreEPMTM Actuals has been built for this exact purpose: to remove such complexities and give time back to the business. By automating the capture of the finance data and mapping to the relevant business structures, CoreEPMTM Actuals provides:
- Insight into the organisation’s GL to make critical business decisions
- Monthly-Close process
- Automation of the 3-way reporting and detailed Cashflow and Balance sheet modelling
- Working capital and Management reporting
- Legal, Statutory and group reporting
- Financial metrics and KPI’s
- Ad Hoc Dashboards and Report creation
- Budget upload for comparative reporting and analysis
- Increased frequency to underpin Performance Management
- Extended integrated planning and forecasting
- Integrated security, workflow and data controls
- Operational and Non-Financial data inclusion
- Multi-currency, IFRS and GAAP
Close your books in days, not weeks
The month-end close is where finance teams lose the most time to the least valuable work. CoreEPM Actuals automates the capture and consolidation of actuals from your general ledger and subledgers, so the close becomes a review exercise rather than a reconstruction exercise. Teams moving off Excel typically cut days from the cycle in the first close.
Cash flow and balance sheet automation
Cash flow statements and balance sheets are the two outputs that most often break in spreadsheet-based close processes, because they depend on movements rather than balances. CoreEPM Actuals derives both from the underlying movement data automatically. CoreEPM can map the indirect and direct method cash flow easily with as many hierarchies and mappings are required.
One version of the numbers
CoreEPM Actuals allows budget and forecast data to be loaded from external systems or files. Variance reporting stops being a mapping exercise between separate files and becomes a dimension in the same report.
Reporting to the executive and the board
Standard report packs for the executive leadership team and board are delivered as part of implementation and refresh automatically once the close is signed off, rather than being rebuilt each month.
What you need to get started
CoreEPM Actuals is purpose-built and ready to go. Implementation begins with a mapping of your chart of accounts and source systems, and most clients are running their first automated close within a few weeks.
Purpose-built and ready to go
The product configuration only takes weeks, delivering a very high ROI and Time to value. For organisations wishing they could take this on but have very complex organisational structures, multiple ERPs, various entities and multi-country locations, fear not. We have accommodated your requirements with the Integrated CoreConsol Module. Capable of performing all the complexities associated with global and multi-entity organisational reporting. The CoreConsol module is an extension of the Actuals and delivers a truly integrated experience across the business, providing a unified consolidated view of the company while retaining independent entity views for your organisational reporting and performance management. For more detail, please see the CoreEPMTM Consolidation details here.