“I would like to plan my costs by category, each with own drivers, using as little data input as possible and as many driver- based calculations as possible”
“I want to plan sales by product and channel, using the result of an embedded sales price calculation engine and a bottom- up collection of sales volumes”
“Oh yes, and I want to plan Projects too and Capital Expenditure, and Cash Flows by drivers with an automatically calculated “Balance Sheet”
“And while I am at it, I would like to extract Actual data from my ERPs and calculate variances with “due-to” explanations”
“Finally, I want to consolidate the whole lot, produce analytic management reports as well as my IFRS-compliant external reports with all notes”
– those are the requirements Offices of Finance have today.
Then Information technology comes and says: “I want all this covered by one single technology, in the cloud, integrated with my ERPs and my Business Intelligence platform”.