The Finance Department is in a unique position to drive business strategy because it gathers data from all departments and lines of business. Business Intelligence not only helps the Finance Department to streamline cost management, budgeting, financial reporting and compliance, but can help Finance to gain insight and shift its focus to correlating financial outcomes with business activities in order to drive strategic objectives.

Convergent leverages its domain expertise; experience in ERP financial accounting applications and BI solutions, to help Finance departments:

1. Streamline budgeting, payroll and operational planning.
2. Model profitability and manage activity-based costing and cost allocations.
3. Monitor key financial metrics and indicators via visual dashboards.
4. Manage consolidation and Financial reporting: reconcile, consolidate & summarise financial data at group, local, regional and business unit level, against GAAP, management & regulatory requirements.
5. Deliver a more balanced view of the business that correlates financial outcomes with business activities.

Click here to see how Convergent applies specific BI solutions within the
Financial Services sector.