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MFS Management Information and Business Intelligence System

Most businesses use both legacy and best of breed IT solutions so that each division and subsidiary have the tools required to meet their targets. This creates many versions of the "truth", all of which are different to each other, and these accounts are often prepared on a differing bases. Invariably, Excel is used to merge these results and provide a consolidated corporate view.

Now, for a fraction of the cost of bespoke solutions from the market giants, and in far less time, you can replace your existing ad-hoc or Excel based planning, analysis and reporting processes with a centralised, consistent and cost-efficient Business Intelligence solution.

The MFS Management Information system eliminates the need for complex specifications and never-ending IT projects because it is a standardised solution, that you can use "out of the box". All we need to do is set up the links and conversion parameters, and you can select which reports you need from our wide selection of pre-installed reports. In addition, the system is IFRS compliant, so you can also use it to produce your statutory accounts.

 

 

 

 

Strategic Planning

Budget and Corporate Planning Budget and Corporate Planning

From revenue forecasting to integrated cash-flow and financial ratio planning, financial planning is a vital part of a corporation’s financial management processes. We provide optimal visualization of your planning approach and gives you the necessary flexibility to react to changing requirements quickly.

Benefits:

  • Reduced planning cycles

  • Simulation and “what-if“ capabilities

  • High degree of flexibility for various processes, from integrated planning to better budgeting

  • Integrated planning functionality, e.g. system-supported creation of new planning elements (branches/staff/products)

  • Visualization of complex workflows, comment functions

  • Automated intelligent distribution of key figure values over time

  • Quick and easy system adjustments

  • Decentralized data entry via the excel front-end

The integrated planning functionality enables you to quickly design your planning model. You can generate new elements, such as branches, staff or orders, and fill them with target figures to calculate complex scenarios using a top-down technique and also have the option to make adjustments on a detail level.

Due to its speed and flexibility, MFS is the ideal technical platform for processes in connection with planning, budgeting and simulation. The excel front-end enables users even in remote locations to use the planning and modelling tool. The open source architecture and server-based security make it possible to include even those users who process only a limited amount of planning data, increasing the level of detail as well as accuracy of the overall planning model.

Liquidity Management and Forecasting Liquidity Management and Forecasting

Operational control parameters like cash flow and the ability to maintain liquidity tend to receive greater attention during periods of financial crisis. Next to a low equity ceiling, lack of liquidity is the most common reason for companies to declare insolvency – and very often it happens unexpectedly. Yet liquidity management should be an ongoing process to ensure solvency and optimize opportunities related to cash flow, investments and interest-rate advantages. It pays off during both tough as well as high-yield times.

Benefits:

  • Optimized cash flow for liquidity, investments, interest

  • Best case / worst case scenarios

  • Integrated liquidity management linked with cost and yield management system or CRM

  • Medium to long term liquidity projection as a basis for positive ratings as per the Basel II Accord

  • Quick implementation at low cost

  • Connectivity with nearly any source system

We can pull up data from almost any source system, will load the necessary parameters from various systems. And you can supply further parameters – as dynamic as you need them to be.

Key Performance Indicators (KPIs) KPI

Economic conditions change and company organizations shift. Scenarios like these require quick adjustments of your KPIs. Frequently it is necessary to review and adjust KPIs several times a year.

Benefits:

  • Reliable and real-time decision-making

  • Quick and flexible adjustment of KPIs on business user level

  • Consistent data basis, single point of truth

  • Intelligent user concept: data visibility regulated by user rights management

  • Multidimensional key indicators/views for user-group specific analysis

  • Connectivity with various source systems


Business users in all departments can quickly adjust the key indicator system working in a familiar spreadsheet environment that allows them to focus on the subject matter at hand without being distracted by technical issues. This in turn helps companies immediately adapt to changing conditions.

MFS also ensures consistent data and a single point of truth. Actual and budget data can be retrieved from almost any source system and, through centrally defined rules, be quickly consolidated to meaningful KPIs. If needed, the drill-through allows you to return to the data’s origin. This transparency builds trust throughout an organization, eliminates unproductive discussions about the derivation of key figures, and allows steering bodies to focus on generating the strategic data that can help guide business direction.

Balanced Scorecards,Cockpits, Dashboards Balanced Scorecards

The Balanced Scorecard (BSC) takes an integrated view of corporate strategy that goes beyond financial KPIs in evaluating a company’s performance. Since financial KPIs are driven by a wide range of factors, the BSC is a useful tool for assessing the variables that contribute to the bottom line and how they align with corporate stategy

Benefits:

  • Integrated management control throughout all operational units

  • Simple design tools for dashboards and cockpits

  • Easy system modifications via familiar Excel environment

  • Integration of “soft factors” by manually filling in incomplete data and comment functions

  • Cross-departmental key indicators formulated with the help of business rules; drill-down into individual departments with partial scorecards

  • Decentralized data entry and reporting via excel front-end, intelligent access rights management

One of the strengths of Palo’s BSC is the ability to include “soft” factors that don’t fit into standard KPI reporting by simply storing comments in data cubes. Palo makes it easy to manually enter data via Excel or the web. Other advantages include extremely fast data consolidation and easy system adjustment in response to changes in KPIs or corporate organization.

Open Source BI

In addition, MFS’s Open Source architecture and low-cost models make it possible to introduce the Balanced Scorecard with the smallest operational unit. In this way, you can use it to communicate and drive strategy execution throughout your entire organization.

Thanks to Commercial Open Source there is no Server license fee, with forum support or hotline support and high-end consulting services.

Want to know more... call 07747 126641

 

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