
What is automated financial modelling & budgeting?
Corporate finance departments are becoming increasingly frustrated with the more conventional methods of financial reporting, all of which have their own flaws and benefits, but lack the sophistication to do the job required securely and efficiently. As all CFOs know, using Excel spreadsheets for financial modelling is time consuming, difficult to scale and vulnerable to errors and security breaches. While many turn to CPM apps, these also come with their own issues, including; costly upkeep, IT dependence and lack of nuance. Automated financial modelling brings together the best of both worlds; combining spreadsheets and CPM apps into one, scalable, flexible and secure system.
Ekuiplus' Automated Financial Modelling engine which was developed in partnership with A3 Solutions, empowers CFOs with tools that deliver unbreakable models, absolute data integrity, maximum flexibility and total connectivity.
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Benefits
Automated Financial modelling is a next generation productivity tool that ‘supercharges’ more traditional analysis tools while doing away with the common issues users often come up against. Ekuiplus’ Automated Financial Modelling tool is:
- Effective – Flip to 90% analysis / 10% maintenance
- Reliable- no more link or formula errors
- Efficient - Faster access to data, no more GL data dump and format exercises
- Agile - Quick cycle times and what-ifs
- User friendly - slicing, dicing and drilling down
- Robust in its reporting, charts and dashboards
- Flexible enough to retain your Excel investment
How it works
Automated Financial Modelling takes data from multiple sources and processes this data in a secure, cloud based server. Here it is quickly consolidated, manipulated, and within seconds, transformed into unbreakable, self-maintaining models that can be shared instantly with stakeholders, allowing for collaboration and reporting. How this system benefits you:
- Connect multiple data sources to our engine
- Automated data updates and refreshes
- Create respective reports
- Scale the budgeting process to reach multiple stake holders
- Merge and combine actuals and budgets and have a rolling forecast
- Control cash flow forecasting
Services
Enterprise Budgeting & Forecasting
With Ekuiplus’ automated financial modelling system, you don’t need to abandon your traditional spreadsheets to get the budgeting and forecasting tools you need to efficiently produce accurate budgets and actionable insights. Our tool developed with A3 Solutions, supercharges Excel with the power of the cloud, bringing you totally unbreakable data models, audit trails, version control, powerful collaboration tools, rock-solid information security and more.
Management Reporting & Scenario Analysis
Ekuiplus’ technology empowers finance professionals to effortlessly combine data from different sources and produce rich content and beautiful presentations for variance reporting, ad hoc analysis and interactive what-if modeling. Instantly create and distribute highly meaningful, actionable financial reports. These enterprise-grade management reporting and financial analysis features are used by finance teams across the Fortune 500, and now you can also use the technology to empower your finance professionals to track KPIs, budget, forecast and plan in a secure, best-in-class, high speed system.
Consolidation
Handle inter-company eliminations, currency conversions, journal entries and other multi-entity consolidations with our same solution you use for budgeting, forecasting, and reporting. Consolidating your software in this way allows your team to dramatically increase productivity and accuracy and reduce cycle times. Use EkuiPlus’ Automated Financial Modeling solution to rigorously and securely:
- Dive deep into operational details and gain a true understanding of variances.
- Centralize data in a secure environment, eliminating redundancy and improving visibility.
- Ensure GAAP and SOX compliance
- Integrate data flows to and from ERP, MRP and operational systems.
- Protect original data with strict version controls and revisions.
- Eliminate waiting and downtime with dynamic, real-time consolidations.
- Support even the most complex internal business rules, including partial ownership and proportionate reporting.
- Slice and dice data on the fly for fluid analysis and feedback
- Easily support multiple currencies and staged, cascading allocations