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Financial Controlling

1. Funnelling data from accounting, production, transport and so on, for controlling, allows for insights that could change the company’s strategy or the way it is run. This could save on labour, maintenance or purchase costs in countless ways.

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​2. In an integrated system, controlling can work with up-to-date and more precise data gathered by the system. Increased accuracy can save on administrative, labour, maintenance or purchase costs.
 

​3. Controlling being very data- and calculation-heavy work, a system’s power and tenacity can save on labour costs, and allow for more complicated calculations when beneficial.
 

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​4. Based on the data gathered, norms can be proposed for jobs, products, etc. This allows for benchmarks in incentive schemes and pinpointing permanently underperforming personnel. Increased efficiency will save money on labour costs or can increase output adding to the bottomline.
 

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​5. Inter-corporate business, internal prices and margins used for different profit centres, are easier to manage and monitor with an integrated system. Indeed it could easily become a daunting task without it. The clarity this provides leads to better strategic decisions saving money on capital.

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​6. Corporate overhead calculations and the distribution of these costs can be helped by the system giving a more accurate picture about where you actually make or lose money. The insight can lead you to better strategic decisions.

 

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​7. Plans, forecasts and up-to-date factual data can all be viewed together in an integrated system. This provides insights and enables prompt decisions in projects, sales, production, company strategy and so on, all with the potential of saving money or finding ways to make more money.
 

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Contents

Section 1

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Department-specific benefits

Section 4

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Change Management

Section 2

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Restructuring benefits

Section 5

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System related operational risks

Section 3

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Modelling

Section 6

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Interconnectedness
of systems

Section 7

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Other system gains

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© 2021 Woodpecker Software

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