Performance Management Solutions

What Are The Solutions Provided By Radiare In The EPM Space?

Radiare works closely with the CxOs in providing enterprise performance management solutions that helps them to link their strategic, financial, and operational plans. We primarily work on Oracle-Hyperion , IBM-Cognos, SAP-BPM suite of solutions in these areas.

Budgeting And Planning Solutions

We provide custom built solutions for budgeting, planning and forecasting that integrates financial and operational planning processes. Further the solution enables CxOs with an in-depth look at business operations and its impact on financials through tightly integrated financial and operational planning models.

Workforce Planning

Our workforce planning solutions simplifies planning of workforce and expenses related to workforce such as: bonuses, fringe benefits, overtime etc.

Financial Management Solution

Radiare has done many implementations of financial management solutions that provide consolidation of financial data across business units, subsidiaries, geographies, products lines among others and reporting on a single platform thereby reducing the reporting cycle time significantly. The solution also helps in timely statutory reporting of financials to the board and to the authorities.

Dashboards And Scorecards

Our consultants have deep skills in building interactive corporate performance dashboards and scorecards to measure and manage Key Performance Indicators (KPI) for an enterprise. We ensure that our Dashboards provide the right indicators and metrics, the right visual elements, relationships among visual elements and the right kind of user interaction.

Success Stories

Financial Consolidation Solution

Financial Consolidation Solution

Project Description:

 
The work involved: Migration of Financial Consolidation & reporting from Hyperion Enterprise Management to Hyperion Financial Management, designed to standardize the financial consolidation process of all the customer’s entities (across 16 countries & involving about 14 different currencies) in Africa.

Radiare is involved in:

  • Requirement analysis, design, planning dimensions and outline metadata based on the Chart of Accounts in financial system.
  • Interaction with users to understand the current methodology and account principles used to work out consolidation rules.
  • Development of consolidation rules using VB scripts to automate calculations for Minority Interest Calculations based on the Ownership principles used for consolidation as per Accounting Standards (IFRS requirements).
  • Training the end users (incl. administrator) and facilitating the UAT process

Budgeting and Planning Solution

Budgeting & Planning Solution

Project Description:

 
The Budgeting Solution is aimed to assist in improving the Budgeting process and help in reducing the Budget preparation time by more than 50%.
  • Various scenarios of Budgeting are captured in Hyperion Planning and are compared with their Actual performance.
  • The solution also helped the Organization in publishing their monthly Actual reporting to their Management and to their Parent Company.
  • The solution involved pull data from their ERP system and the Budget data is pushed back to the ERP system from Hyperion Planning.
  • Solution Analysis and Design of the budgeting model and Actual reporting system.
  • Budgeting Modeling and building covering many steps starting with setting the baseline till final consolidation and approval
  • Bottom up budgeting and what if analysis as part of the Budgeting process
  • Designing driver based cost allocation to various Rigs.