The average company invests far too much time in the simple task of collecting data and reporting information. The research shows that most of the controllers work time is consumed by collecting and validating data and only little time remains for analysis. The reason is that most of global companies use Excel almost exclusively as a planning tool. Often, that means Finance Managers spend weeks attempting to consolidate hundreds of spreadsheets with inconsistent data, altered formulas and extra rows added by other managers. It is such a huge task that there is little time left for analysis or optimization of resource allocation.
Could it be changed?
Yes!... by EURECA!
EURECA system is designed for enterprises who already possess transactional systems and who have already gathered large amounts of various data concerning costs, production and sales. It is dedicated to companies who wish to improve their planning process and develop the controlling functions which are related to multidimensional analysis of planned and actual data.
EURECA joins:
- the functionality of the Data Warehouse it can easily integrate with already existing systems and does not require changes in IT structure;
- flexibility and simplicity of Excel owing to the MS EXCEL components that are used in the EURECA system, with basic training, users can easily operate the system.
EURECA eliminates necessity of consolidating spreadsheets into one budget. Budgets created by particular managers are saved to the system database at once and can be used by financial controllers at the same time. The system is adapted to be used in organisations that are territorially diffused (such as banks, insurance agencies or retailers) users may monitor planned and actual data as well as input planned data through www.
