Bright Point Consulting helps organizations:
- Streamline your planning and financial performance management processes (i.e., budgets and forecasts)
- Produce a wide range of interactive financial and management reports from a single report writer
- Quickly unlock insights from your financial and non-financial data—no scripting or coding required
- Automate your financial consolidation and simplify your close process to support global standards like US GAAP and IFRS
Running a successful business starts with effective planning and performance management, and the data you generate during these critical processes is among the most important and sensitive in your organization. A miscalculation, oversight, or a security breach could be financially devastating.
Despite the high stakes, many businesses still rely on disparate, outdated tools for planning and performance management—usually Excel spreadsheets (passed from person to person via email), which must be reconciled by the finance department at the end of the planning process.
At first glance, spreadsheets seem like the obvious choice for planning and performance management. They’re easy to use and easily distributed; and nearly everyone has a copy of Excel or its equivalent on his or her desktop. In reality, however, using Excel to generate and maintain your critical planning data is quite expensive in terms
of resources and risk. Email handoffs and manual reconciliation are incredibly time-consuming; Excel sheets are notoriously error-prone; and sharing sensitive planning information via email poses serious security risks.
Enterprise Performance Management (EPM) systems allow businesses to streamline their planning and performance management processes, keep sensitive data secure, and reduce the potential for human error. But many companies are hesitant to adopt EPM software for fear of sky-high license fees and long, risky implementations traditionally associated with on-premises EPM applications. Choosing a cloud-based EPM system allows an organization to enjoy the benefits of centralized planning and performance management without the up-front investment, risk, and complexity that come with on-premise software.