Optimize the collaboration around complex financial transactions
Provide up-to-date reports to key stakeholders
Manage and mitigate financial risks
Organizations must manage the processes around financial accounting in order to control risk and return maximum value to stakeholders. Finance managers need up-to-date information to monitor the performance of the accounting functions, and they must distribute detailed reports to corporate management. Processes that support changes to the organization – such as during mergers, acquisitions and divestitures – are important to ensure smooth operations.
Livelink ECM supports financial management by enabling processes around unstructured content, while retaining context with your Enterprise Resource Planning (ERP) systems. Secure, Web-based collaboration supports the interdepartmental coordination and planning that occurs during the budgeting process, as well as during mergers and acquisitions. Output management and report distribution enable key personnel to monitor the performance of the company's financial operations. Livelink ECM also supports the management of internal controls in order to help mitigate risks.
Open Text solutions for Financial Management deliver this functionality with the following components:
Software:
Gestion des processus, Gestion documentaire et travail collaboratif, Extensions for SAP Solutions, Project Management, Report & Output Management
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
Financial Management involves Mergers & Acquisitions Process Management, and Report Management & Distribution
Closing big deals, such as mergers and acquisitions, can be complex and stressful. Open Text’s solution provides the following advantages in these kinds of business scenarios:
Companies can leverage Livelink ECM for Web-based collaboration around all activities related to a merger or acquisition
Livelink ECM connects the various parties of the merger or acquisition across the Internet
Livelink ECM provides secure, virtual, asynchronous collaborative workspaces for the deal
Livelink ECM reduces the risks associated with closing the deal, by ensuring that all parties perform due diligence and complete workflow and project tasks assigned to them
Livelink ECM lets you capture the results of your real-time meetings into the repository, and archive all artifacts of the deal for regulatory compliance
Solution Adaptations: Gestion documentaire et travail collaboratif, Extensions for SAP Solutions, Project Management
Your operating costs may be excessively high because of the need to print, organize, and distribute corporate reports. The sheer volume of reports that you maintain could be a barrier to finding relevant information among the clutter. We understand that you must be confident that your critical business data is safe from accidental deletion!
The Open Text solution:
Electronically captures meta-tags, archives and distributes reports
Improves access to critical business information
Enables your IT staff to focus on high-value operational tasks
Transforms report content into meaningful business intelligence
Empowers business users with multi-channel distribution
Eliminate wasted materials
Solution Adaptations: Report & Output Management
Faster closing of complex deals
Faster budget preparation and approval
Availability of financial reports