Some of the key strengths of Envisage include:
- Comprehensive Management Reporting Pack
- Income Statement, Balance Sheet & Cashflow Forecasting
- Manage Foreign currency
- Rolling forecast model with built in rules and templates
- Automated consolidation and ad-hoc reporting
- Single source of truth for greater accuracy across the entire organisation
- Dashboard to bring vital information to your fingertips
Envisage is an out of the box application which works in conjunction with an organisation’s existing ERP and source systems to enhance Business Performance Management (BPM). The focus of Envisage is around improving the Budget, Forecast and Management Reporting. It is about automating the loading of actual data, ensuring “one version of the truth”, enabling continuous forecasting and improving the budget process. Envisage is designed to make these processes more effective and efficient by automation and having central control of the data, while continuing to provide the functionality and features of Excel. Envisage is designed to overcome the pains of Excel and help reduce the time, effort and reliance on individuals to provide these solutions.
Envisage is based on the proCube OLAP database which is key to providing multi-dimensional analysis, real time access to large data volumes, while providing a central and secure control of data and rules combined with awesome Excel reporting abilities.
From our 10 years’ experience of building Budgeting, Forecasting and Reporting Solutions from the ground up each time, we noticed that we could streamline the development and implementation process through an application approach. By having a standard design, we could provide an “out-of-box” solution that did not require extensive consulting services and whilst being scalable to achieve the needs of the business. This greatly reduces the implementation period and saves customer time and money.
More importantly was the need to have methods to provide Continuous Forecasting and integrate the Budget process into the forecast process. That way, the Budget simply becomes a Forecast at a point in time. In addition, the application would handle all the complexities of a month-end and year-end versioning of Budgets while enabling user data entry with control and bypassing the spreadsheet nightmare. This gives real time Budget/Forecasting abilities and speeds up the process.
With Envisage, you will achieve:
- Efficiency – Manual spreadsheet reporting can be a convoluted task involving many formulas and links between multiple spreadsheets and work books across departments. Envisage allows users to escape this Excel pain by updating the data in real time, creating a new concept of active Continuous Forecasting and Budgeting. Management can now create “what-if” scenarios across multiple hierarchy levels and multiple currencies with instant results. No need to wait for spreadsheets to be emailed and imported.
- Control – As all data resides in a single CENTRAL OLAP Database, you have greater control over the loading and updating of data, securing and managing users, work flow so you know who is doing what. This eliminates all the various spreadsheets that end up getting created during these processes. Ensure that all users report the same number as all data is store once – “1 Version of the Truth”
- Plan– Envisage gives users the ability to be more agile and plan what they want. Through various Rule Methods, you can ensure that consistent calculation allow you to compare the Budget across department. Integrate to process of forecasting, Budgeting, Estimates and Actuals. This mean when new actuals are available, the Estimate and Forecast is automatically updated. Not sending out of spreadsheets or working on out-dated data. Create multiple versions of the Budget to compare scenarios and also versions of the forecast to see how user forecast over time and how the business is trending.
- Report – The main challenge in the BPM process is the ability to respond to Management of standard reports and especially Ad-hoc reporting within minutes. Organisations need to work at the speed of thought so the ability to “slice-n-dice” and create reports on the fly, are key to efficiency and effectiveness. In addition, the ability to use Excel, the great report writer is key to Envisage.
Envisage enables you to leverage the power of its proCube database combined with the power of Excel as a data entry and report writer to retain the control and maturity of a robust industry tested application.
For more information on how Envisage can help you, please contact us.