Activity Based Costing
Eclectic's Activity Based Costing services can help you measure the cost and performance of activities, resources, and cost objects, in relation to the inherent drivers of those costs. This includes cost driver analysis, activity analysis, and performance measurement. As a result of our meticulous analysis and experience of activity based costing you will have the information you need to make more informed decisions and plan more effectively.
Benefits
- Improve internal processes & increase efficiency.
- Optimise use of internal resources.
- Determine profitable and unprofitable customers.
- Understand costs & set pricing on an informed basis.
- Allocate marketing and advertising budgets more effectively.
- Enable better planning for the future.
- Provide more valuable management information.
Planning & Budgeting
An effective planning and budgeting solution can help Finance efficiently manage, collect and analyse data as well as model and test the impact of changes that occur within the organisation and externally.The solution must enable management of the entire process of budget creation, distribution and approval, with functionality for creating dynamic “what if” analysis and forecasts. Such a system will also allow business units to feed in raw data and market intelligence directly thus making operations managers part of the planning and forecasting process.
Eclectic specialises in providing budgeting solutions that streamline and automate the planning and reporting process. They have a wide experience of the best solutions on the market and are constantly reviewing products to ensure that customers can take advantage of the latest functionality available.
- Automates and speeds up the budgeting process.
- Ends spreadsheet chaos and provide single version of the truth.
- Gives secure access to management and budget holders.
- Creates important link between business plans and budget.
- Access to consistent, reliable data provides a single version of the truth.
- Sophisticated planning, modelling and forecasting tools enable better decision-making and forward planning.
- Finance can spend more time on data analysis than data collection.
- Accurate budgeting and forecasing increases shareholder confidence.
Cash Flow Forecasting
Eclectic's consultants are qualified accountants with significant experience in delivering cash flow forecasting applications to enhance your existing financial reporting solution.
A cash flow forecast is created using data from relevant sources including sales and balance sheet forecasts and using sophisticated modelling techniques based on elements such as debtor, creditor days and capex modelling.
Benefits
- Minimises risk of cash flow problems.
- Identifies potential cash flow issues in advance.
- Provides more accurate and reliable longer term forecasting.
- Better able to predict money required for expansion or seasonal changes.
- Provides invaluable history for future planning.
- Promotes management and shareholder confidence.
Sales forecasting
Eclectic's advanced modelling capability enables you to analyse historical data in conjunction with sales forecasts, marketing information and financial data across product categories and sales groups. It enables you to take into consideration all relevant factors analyse data to show trends as well as drill down into individual opportunities.
Benefits
- Improves accuracy of forecasting by including existing and historical data.
- Identifies potential shortfalls.
- Highlight risks and dependencies.
- Enables better demand planning.
- Supports future planning and growth strategies.
- Promotes stakeholder and shareholder confidence through more accurate forecasting.
Statutory Consolidation
Eclectic's consultants are experts in modelling and planning with accountancy qualifications. This combination of technical know-how and business acumen is invaluable when designing solutions for the management and statutory consolidation of financial data.
A solution is designed as a distributed system that can gather relevant information from disparate subsidiaries, companies and cost centres. It delivers financial reporting to management at a local level. This can then be submitted upward through the organisational hierarchy, where it can be consolidated and used for both internal management reporting and to prepare the external statements that are used, for example, in the Annual Reports.
Benefits
- Automated data collection speeds up consolidation and reporting.
- Standardises management reporting.
- Reports are designed to comply with strict accounting and statutory regulations.
- Provides traceability of financial data for audit and regulatory investigation.
Finance and Accounts
