Finance Functions

fms econi header Økonomifunksjonene

FOR ØKONOMIAVDELINGN


It is in the finance department report production takes place. The reports often contain information from many sub-systems that must be collected and evaluated before any reports can be produced.

Finance Department's role:

  • Many features that often includes data responsibility.
  • Increasing use of technology and software.
  • Increasing demands from public authorities.
  • Increasing reporting requirements and more frequent reporting.
  • Responsible for accounting and financial reporting
  • Shorter deadlines.
  • The Board's requirements for the control of liquidity and balance.
  • Management's need for operational reports and forecasts.


The philosophy and the core of our concept and our products Navigation Company is to support the finance departments of rationalization and kvalitetshevning. Time and again we have proven that our modules work better than the market leaders in specialty areas due. integrity of the system and integration methods we use.

The Business Navigation version (Excel and SQL Server)
you receive the following solution:


  • Data warehouse where all the volume data is structured and stored.
  • Integration Module for retrieving data from the system.
  • Structured registry to meet the organization's reporting requirements.
  • Spreadsheet-based budgeting and forecasting module.
  • Structured user-based menu system.
  • Liquidity Management.
  • Report production system.
  • Day and ukesystem with the possible transformation of monthly data to daily figures.
  • Synchronization of new modules from our server.
  • Possible joint maintenance on company specialized modules.

Navigation Company Reports Production:
The Navigation Company reports production can all corporate reports produced in all appropriate formats in the last second. Means. whether there are changes in the financial statements or whether it is reporting from departments waiting for you all, produced and finalized minutes after the data are in place.


Business Portal:
Business Navigation is also a system to prepare reports and information to the company's own portal or to our SharePoint portal. With this solution, all reports and all information is read with Internet Explorer.


FOR SMALL BUSINESSES

Minimized accounting
Many smaller companies only want to have a legal statement in the order at the lowest possible price. Order of the journal, good systems, good skills and an efficient division of labor are the main points to get the accounts affordable and well executed. If the company is audited must this cost is taken into account at this year's total financial cost.


What you can earn good accounting
Saving the accounting and audit costs are a great way to make money, but it may be more to retrieve. With good reports and good understanding of the economy gives you the opportunity to plan the business tax income. Business Navigator is designed to set up good årprognoser, so there well before the financial statements may use the various items in the accounts correct as possible to save tax.


Liquidity
Bank account determines to a large extent what is possible to achieve in smaller businesses. The first thing you should check before making plans is what cash you have available. It's easy to call your bank checking account, but it is complicated and laborious to calculate the how it will look like in the next 12 months. Corporate Navigation System for Cash Management is designed so that it does a good job once again, to get more or less automated report the next time you need it. Monthly reporting is smart because then you learn the logic of the cash flow in business and can refine the report.


How to improve profitability
The easiest way to earn more money is to have a good overview of what products and services, and on which customers it already serves most. It is usually where you should put more energy and perhaps more marketing. Reports module in Business Navigator is designed to present key information to you, so you can prioritize efforts possible.

ITK
If you are unsure if you need data and computer knowledge in their own business is our advice that you set this to others as quickly as possible. There are few places and industry (in good faith) wastes more than in this area. It may be exciting to play with, but it may take too much focus from the company's real focus. It can be far cheaper to put it to others. It is possible to have electronic office space and IT systems are with us or others who offer this type of service.


Business Portal:
Business Navigation is also a system to prepare reports and information to the company's own portal or to our SharePoint portal. With this solution, all reports and all information is read with Internet Explorer. Smaller companies usually do not want to maintain a separate portal for this. Our standard setup is often sufficient and thus a low cost solution.

FOR MANAGEMENT


The right information at the right time and in the right format:
It sounds simple and it is also possible. In larger companies, rather than question the amount of resources used to achieve this. The question: can you prepare financial reports and all required documents to the board meeting? This can in many cases be far more demanding than what one is aware of and more laborious than it should be. The focus is often more on the actual production than on the quality and understanding of the numbers of those who deliver the goods.

Typical reporting:

  • Weekly reports
  • The monthly report
  • The quarterly
  • The annual report
  • Board documents
  • General Protocols
  • Share Protocol
  • Strategy in planning documents
  • Cash Flow Overview

The list is long and it differs from company to company. Business Navigator is designed to produce the information with a reasonable use of the integration and automation.


Navigation Company Reports Production:
The Navigation Company reports production can all corporate reports produced in all appropriate formats in the last second. Means. whether there are changes in the financial statements or whether it is reporting from departments waiting for you all, produced and finalized minutes after the data are in place.


Business Portal:
Business Navigation is also a system to prepare reports and information to the company's own portal or to our SharePoint portal. With this solution, all reports and all information is read by ordinary logon our website. With some adjustments we can make sure that each user is given limited access.

Challenge:
International companies, the difference in language, currency, systematics, account plans, standards and management cultures to contend with. How easy is it for the subsidiaries to submit to Norwegian requirements and how easy it is for Norwegian subsidiary to submit to a foreign company's requirements?

Centralized operation:
Few places will be standardization and centralization of finance and reporting to be more efficient than in international business. Standardization must be individualized for each country and possibly for integration with local systems, such as accounting. It is quite possible to have a common integrated accounting and finance, but there are many pitfalls.


Common system:
The user interface of the Business Navigation is based on the Microsoft platform with Excel, SQL Server or any MS-Access for structure and data storage. Basically, any user who has some knowledge of MS Office using our systems more or less without the need for training.

Group and consolidation:
Imagine consolidating 40 legal companies which are based in 20 different countries and subsidiaries, projects and departments. With Business Navigation, you can perform this consolidation with a single key press. This requires only that the translation table on the accounts, eliminating the tables, and currency tables are set up. Anyone who has this type of consolidated companies know that there is a lot more work involved, but the point is that when the details are in place, the reports will be ready. Apart from the automatic and labor saving you with Business Navigation to test run the report as often as you want before final approvals are in place. This allows that the report really is ready when the last man has accepted such as a month-end.

Business Portal:
Business Navigation is also a system to prepare reports and information to the company's own portal or to our SharePoint portal. With this solution, all reports and all information is read with Internet Explorer.