Solutions

Accuracy and confidence in financial reporting are built on repeatable processes and reliable systems. Financial statements provide accountability and maintain the trust of your key stakeholders. Preserving that trust means producing accurate, relevant information within a consistently short timeframe by following the same controlled steps for each close cycle. Data ownership, process automation, and tight financial systems integration are some components of an efficient, confidence-sustaining close and consolidation process.

A high-quality consolidation solution creates value beyond external reporting into areas like internal management reporting, tax reporting, and government regulatory reporting. The companies with the most impactful close and consolidation processes combine quarterly external reporting requirements with the more granular data needed for tax provisioning and returns, statutory compliance, and internal analysis. These companies go beyond high-level reporting, tailoring their applications to meet the needs of multiple decision makers within the finance organization. Their consolidation solutions get everyone in finance on the same page with a consistent, cohesive, trusted view of financial statement data that provides the right detail to each group.

Kritin Consulting builds accuracy and confidence in your financial reporting process with the following solutions

• Cash Flow Automation

• Intercompany Matching, Reconciliation, and Elimination

• Foreign Currency Translation Impact Analysis

• Automated Equity Pickup

• Streamlined Financial Close

• Enhanced Financial Consolidation

• Tax Reporting

• Statutory, Regulatory and Government Reporting

• Account Reconciliations

• External Reporting

• Merger, Acquisition and Divestiture Modeling

• External Segment, Business Unit, and Legal Entity Reporting

• Controlled Supplemental Data Collection and Reporting

• Historical Data Reconciliation Accelerators

The quality of an organization’s financial plan lies in the ability to analyze a combination of facts and variables in a way that is reliably insightful and predictive. The ability to repeat the process, reassess the information, and realign goals is essential to making accurate predictions and developing purposeful capital, operational, and market strategies. The financial planning process becomes an accurate and reliable tool for strategy-setting and financial measurement. This is accomplished by identifying factors that consistently drive revenues and costs, obtaining understanding and buy-in from those providing data, and building a simple yet controlled solution.

The most effective planning processes are iterative, linking strategic and operating plans with regular forecasts and risk/opportunity analysis. The process itself is built to focus planners on identifying the drivers and assumptions behind their financial plans, not just generating numbers for aggregation. Corporate Performance Management (CPM) tools are implemented to speed the cycle time between iterations and to improve accuracy and modeling capabilities.

Kritin Consulting builds the following solutions for planning and forecasting

• Revenue and COGS Planning

• Workforce and Labor Planning

• R&D Project Planning

• IT Project Planning

• Driver-Based Planning

• Rolling Forecasts

• Risk and Opportunity Analysis

• Financial Planning Process Improvement

• Linking Strategic Plans to Operating Plans

• Seeding of Financial Plans

• Target versus Bottom-Up Budgeting

• Weekly Sales and Cash Forecasting

Long-term profitability management depends on having detailed, multi-perspective insight into data. By measuring and analyzing results at a granular level, you can clearly determine which products, services, markets, and customers are driving your profitability. That insight into the core of the business enables you to make informed decisions about which investments are generating returns, which initiatives require redirection, and where to shift your resources next.

Leading companies perform profitability analysis globally, with trusted financial data that matches internal management reporting. These companies understand what is driving their profitability, and they focus their time and effort on the analysis that will drive real action. Do the allocation methodologies clarify your view of profitability, or do they create unnecessary layers of complexity? Which segments of the business illuminate strategic opportunities versus simply adding another set of reports to the package? A well-designed Corporate Performance Management (CPM) application highlights targeted, insightful information for profitability management while removing what is irrelevant or distracting from your view.

Kritin Consulting builds the following solutions for profitability and management reporting

• Allocation Methodologies and Calculations

• Product and Customer P&L Reporting

• Special Project Reporting

• KPIs and Statistical Calculations

• Bridge Variance Analysis

• Cost Center Reporting

• Functional Area Reporting

• Organic Growth and Acquisition Impact Reporting

• Constant Rate FX Analysis

• Treasury FX Impact Analysis

• Modeling

Technical infrastructure and integration among systems provide the foundation for your Corporate Performance Management (CPM) applications. Server architecture and optimization drive the performance, stability, and security of your systems, thus giving end users an experience of application reliability and quick responsiveness. Speed and consistency are essential – a faster, better integrated system instills trust. It’s critical that the right architecture, optimization, and integration processes are in place to maintain that confidence.

Efficient, controlled, consistent integration among systems provides the accuracy and reliability that users need to perform their tasks and provide meaningful information. Replacing manual processes with back end automation significantly speeds up processes and reduces the risk of human error, allowing your team to spend more time on analysis and less time on data movement. Data integration is more than just moving data from one system to another – it’s preserving data quality and ensuring that when data moves, it remains accurate and complete. Zero tolerance for poor data quality leads to trusted reporting solutions.

Kritin Consulting builds the following solutions for infrastructure

• Infrastructure Tuning and Optimization

• Environment Architecture Strategy and Planning

• Disaster Recovery Solutions

• Hosting and Cloud Strategy

• Virtualization versus Physical Analysis and Strategy

Kritin Consulting builds the following solutions for integration

• Source System Direct Connection and Pull Integration

• Drill-back to Source and Transactional Systems

• Downstream System Integration

• Data Loader Process Flow and Experience

• Triangulation Accelerator

• Master Data Governance