Management Reporting Assessment
MANY ORGANISATIONS face reporting issues such as inconsistent figures from different systems, poor access to up-to-date information and the unproductive scenario of decision-makers collecting data instead of acting on information.
The organisations that are forward-thinking see the value of addressing the situation and evolving their disparate reporting systems into an integrated management reporting environment. They recognise the need to better leverage their past investments in business transaction systems so that all information will be in harmony and follow the same rules. That in turn makes it easier for managers with a global view of the business – such as finance and marketing – to compare areas of the business accurately. Departmental line of business managers can also share knowledge with their peers more effectively.
The organisations that are forward-thinking see the value of addressing the situation and evolving their disparate reporting systems into an integrated management reporting environment. They recognise the need to better leverage their past investments in business transaction systems so that all information will be in harmony and follow the same rules. That in turn makes it easier for managers with a global view of the business – such as finance and marketing – to compare areas of the business accurately. Departmental line of business managers can also share knowledge with their peers more effectively.
The Challenge
Hidden within the vast amount of data contained in the increasingly complex operational applications used by business these days is valuable information which can be leveraged to manage and monitor the day-to-day activities of the business and drive new revenue opportunities. The challenge is to bring all of the data together and put it in the hands of management in a way that is easy to use and understand.
Scope of Services
The Management Reporting Assessment and Strategy provided by BISOFT will identify the missed opportunities from your organisation’s current systems and how to quickly leverage more from an existing investment by asking questions such as:
Through this offering, THINK Business-As-Usual can provide you with an “outside view” to assist in the identification of reporting issues and build consensus internally, as well as help to clear internal barriers that may be blocking success. The overall objective is to provide the organisation with a roadmap of work that leads to a reporting solution that is Accurate, Integrated, Personalised, and Secure and through the information delivered provide insight to all levels of management that typically leads to increased revenue, cost reductions and competitive advantage.
The Assessment is comprised of a high-level analysis of existing business requirements, a review of the technical infrastructure and an assessment of the current reporting vs. business requirements. It is designed to assess the effectiveness of a current management reporting and make recommendations for improvement by completing the following steps:
- Is your management information accessible, reliable and valuable?
- Does your management reporting provide information across your whole business, including financial and non-financial information?
- Could the management reporting processes be improved within your organisation?
- If one of your measures is below target, are you able to see trends or drill down to the detail to understand why?
Through this offering, THINK Business-As-Usual can provide you with an “outside view” to assist in the identification of reporting issues and build consensus internally, as well as help to clear internal barriers that may be blocking success. The overall objective is to provide the organisation with a roadmap of work that leads to a reporting solution that is Accurate, Integrated, Personalised, and Secure and through the information delivered provide insight to all levels of management that typically leads to increased revenue, cost reductions and competitive advantage.
The Assessment is comprised of a high-level analysis of existing business requirements, a review of the technical infrastructure and an assessment of the current reporting vs. business requirements. It is designed to assess the effectiveness of a current management reporting and make recommendations for improvement by completing the following steps:
- Review current reporting environment
- Establish a future vision to align the reporting to changing business needs
- Agree the business questions that need to be
- Identify
>> enablers and constraints
>> root causes of the key issues
>> key priorities and potential quick wins - Provide recommendations for implementation
Customer Benefits
The Management Reporting Assessment provides a rapid process and facilitated forum to understand the issues, define and prioritise needs, establish a vision and set of goals, assess current gaps, build consensus, and create an appropriate, high-level development plan including its immediate “next steps.”
The engagement can benefit any major business area or process where improved business information or reporting capabilities are essential, such as customer relationship management, strategic procurement, or enterprise performance management. It is also used by organisations experiencing complex reporting and analysis challenges caused by inaccessible, late or inaccurate data. It may also be used at the start of a planned data warehouse, data mart, or other major decision support project. By taking this important first step, an organisation can help ensure that its information technology investments are synchronised with the business needs and strategies.
The engagement can benefit any major business area or process where improved business information or reporting capabilities are essential, such as customer relationship management, strategic procurement, or enterprise performance management. It is also used by organisations experiencing complex reporting and analysis challenges caused by inaccessible, late or inaccurate data. It may also be used at the start of a planned data warehouse, data mart, or other major decision support project. By taking this important first step, an organisation can help ensure that its information technology investments are synchronised with the business needs and strategies.
Getting Started
Management Reporting Assessment Services start from as little as $15,000* for a three-week engagement. However, depending on the size of the organisation and complexity of current systems, the engagement could take as long as eight weeks with a related increase in cost.
BISOFT is your complete Enterprise Information Management partner. Our innovative and flexible approach to delivery drives cost-effective, high-quality projects that result in fast time-to-benefit.
*Exclusive of GST and expenses.
BISOFT is your complete Enterprise Information Management partner. Our innovative and flexible approach to delivery drives cost-effective, high-quality projects that result in fast time-to-benefit.
*Exclusive of GST and expenses.