Home Products Economical & Financial Management (FM)

Economical & Financial Management (FM)

Product Purpose

FM is a comprehensive set of tools designed to support the financial and economic functions of a large organisation, including production-economic planning, profitability management, business planning, budgeting, financial-economic modeling, reporting, and more. A key feature of FM is its close connection between economic planning and supply chain processes, which increases planning accuracy and allows rapid updating of plans based on actual production data.

Relevance for Companies

Financial planning automation is already common in many companies, but often limited to simple budget consolidation. There is an increasing demand for comprehensive digitalisation of the financial-economic function: cost planning using the normative-driver method and the development of complex models for a wide range of tasks, improving overall company efficiency.

Industry Specifics

FM is intended for medium and large companies, primarily in oil & gas, metallurgy, mining, engineering, chemical, pharmaceutical industries, as well as retail.

Main Functionality

Production-economic planning: Planning and monitoring of supply chain process costs based on the normative-driver method.
Business planning: Long-term and medium-term planning and monitoring.
Budgeting: Budget consolidation, elimination of intra-group turnovers, generation of financial reports (P&L, cash flow, balance sheet, etc.), budget performance monitoring.
Scenario analysis: Increases planning flexibility and accelerates response to changing conditions.
Collaboration organisation: Coordination, review, knowledge portals, visualisation, cross-functional communication, budget committee management.
End-to-end analytics: Reports and dashboards in various analytical perspectives, communication tracking, advanced visualisation tools.
Integration with other systems: FM integrates with customer systems to create a unified digital enterprise ecosystem, enhancing efficiency and reducing errors.

Product Advantages Based on KS

Integration of production and economics

Calculating economic indicators based on production data significantly improves plan quality.

Advanced visualisation tools

Interactive schematics dramatically improve data perception and simplify navigation, analysis, and decision-making processes.

Advanced business process editor

All types of processes (approval, collaboration, budget committees, etc.) can be configured using the professional BPMS constructor.

Transparent solution roadmap and vendor support

The vendor provides a clear development roadmap and consultation support, ensuring full understanding of system capabilities.

Advanced algorithmic capabilities

Automatic plan generation can be performed by a powerful optimisation engine or simpler rule-based approaches. Computation orchestration is carried out through the Platform.

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