EURECA assures efficient and ergonomic planning processes. Multidimensional information is input just once and without a risk of committing an error by e.g. repetitions, planning the same values by various persons in various manners, inconsistency of data etc.
Owing to the OLAP technology (On-line Analytical Processing), the EURECA system is based on, it is possible to process and analyse multidimensional data rapidly and efficiently.
This is an important difference in comparison to transactional systems optimized to efficient realization recording and reading data operations (related with adding new documents). Those systems do not deal with doing reports and converting quantity of data.
Plans can be presented in selected time periods - monthly, quarterly, half-yearly or annually, according to user needs. Useful tool for presenting plans is ‘plan tree’ – it enables to intuitively move on sophisticated structure of plans, built in many decisional dimensions.
Particular elements of the tree may occur many times in different places – e.g. sale quantity of product X in region Y, in distribution channel Z of a manager Q is simultaneously viewed in many sections, by regions, products distribution channels etc. The foreign-language name can appear in additional fields describing every plan. It is very useful especially for companies with international management.
There may be relations between certain plans – they are defined at the stage of implementation.
It enables building financial model of the company that reflects its activity.
Thanks to those relations it is possible to observe i.a. the influence of data planned on the balance sheet, profit and loss accounts, cash flow etc. An answer for a question: “How much cash will be generated if in the second quarter we raise the price in the segment of retailers in south region to maintain present sales level?” – doesn’t make a problem.
‘Tree structure’ of plans enables also checking the influence of certain area of activity
onto the financial situation of a company. In easy way it is possible to get the information about e.g. gross margin that was made by particular assortment group/distribution channel/region.
Plan can be related to the responsibility structure in the company – every plan has an assigned person responsible for its realization. This way EURECA can become a tool helpful in verifying job done by managers.
Plan structure can be multi-year – that enables to compare data planned from different periods. The budget of a company may consist of several sub budgets input by managers using the internet browser.
The number of possible plan versions is practically unlimited. It means, that it is possible to create plans including pessimistic, realistic or optimistic sequence.
Factors that influence the number of plan versions depend on the type of the company. The EURECA system doesn’t make any obstacles in this case. There are inbuilt mechanisms that can copy budget version corrected by ratios – it facilitates the processes of multi-version planning.