Business Intelligence (BI) and Management Reporting Analytics

Manufacture of Consumer Electronics Industry

BI ENGINEER: Francis Lim

Project Categories: Business Intelligence, Data Checking Variation, Data-Mining, Financial Data Analysis, Financial Consolidation, Financial Management Reporting, Statistical Analysis

INFOR PM OLAP AND CONSOLIDATION

Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization's raw data. BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting.

OLAP is an acronym for Online Analytical Processing. OLAP performs multidimensional analysis of business data and provides the capability for complex calculations, trend analysis, and sophisticated data modeling.

INFOR Performance Management (PM) is an integrated software solution to enhance and help to improve decision-making and reduce the amount of time spent on business processes, enabling financial professionals to more effectively execute critical activities that impact profitability. It includes Financial Consolidation, Planning and Budgeting, and Business Process Applications (BPAs).

INFOR PM can help Companies of all sizes around the globe to better monitor, measure, and manage their business. With Infor PM, you too can identify your true business success drivers, formulate effective strategies, align actions and resources with plans, proactively monitor and analyze business processes and results, control employee-initiated expenses, and collaborate across the enterprise.

It is a Strategy Software Solution. You can direct the focus and actions of your organization through strategic management. You can align resources with corporate objectives through financial and operational planning, flexible budgeting, and realistic forecasting. And you can monitor and control performance with meaningful reporting and analysis that lead to better decisions.

Infor PM delivering proven value and build a better business on:

·        Planning and Budgeting — Easily create and compare multiple "what if" scenarios, test assumptions, assess the impact of events, and model your business to meet targets and high-level objectives. Model your business using key drivers and view it from multiple perspectives (for example, organization, product, market, distribution channel, and time) to support effective decision making. At the same time, design any number of zero-based, historical-based, and rolling budgets and plans. Use this application to improve the speed and accuracy of calculations, allocations, phasing, and currency translations. Because Infor PM's Microsoft® Excel® interface sits on top of a single database, you retain the familiar look and feel of spreadsheets while eliminating problems with accuracy and version control.

·        Forecasting—Create statistically accurate forecasts that help you manage performance expectations, make tactical adjustments, and achieve performance goals. Generate rolling forecasts, check the accuracy of submitted plans, and receive automatic alerts that allow you to easily spot issues as they arise, and quickly take action. Combining the software's statistical benchmark engine and analytic capabilities with your own experience, you gain a more accurate picture of future performance.

·        Financial Consolidation—Improve corporate accountability, increase financial transparency, and meet government-mandated reporting deadlines confidently. Automate data loading, consolidation, and validation, even if your company has multiple general ledgers, charts of accounts, and enterprise resource planning (ERP) systems. Collect, process, report, and analyze data in multiple currencies, and report on the effects of currency fluctuations. Consolidate data according to local and international standards, and view it from many business perspectives (for example, geographic region and product line) and structure versions (for instance, this year's results and last year's results).

·        Financial Reporting—Automate the generation, formatting, and distribution of book-quality financial statements and management reports. Present data in the most useful format—dashboards, scorecards, spreadsheets, color-coded tables, bubble charts, pie charts, bar charts, and line graphs—and receive early-warning alerts when results deviate from expected performance. Compare actual figures against budgets and forecasts, drill down into details, evaluate trends, and see the results of currency fluctuations.