Certified Professionals

Our team members of Enterprise Performance Management possess highly professional qualifications:

• Member of Hong Kong Institute of Certificate Public Accountants
• IBM Certified Developer - Cognos TM1
• IBM Certified Solution Designer - Cognos 8 Planning
• IBM Certified Specialist - Cognos 8 BI
• IBM Certified Specialist - Cognos TM1 Data Analysis
• IBM Certified System Administrator
• SAP Business Objects Certified Professional

Our team comprises both knowledgeable technical software specialists and financial consultants with qualification of certificated public accountant and abundant commercial experience. We are confident that we can stand out from our competitors by integrating the financial and technical knowledge. Our focus is to provide useful financial solutions which help our clients to grow further. With the domain experts and hands-on experience in commercial environment, we can provide tailored financial solutions that fit your needs and expand your potential.

Planning and Budgeting

Objective of planning and budgeting is to provide a concrete direction in achieving business targets and goals. Lots of tools and applications are designed to carry out the planning and budgeting process effectively and efficiently.

With the help from suitable tools and applications, planning and budgeting process can be carried out painlessly with the following additional advantages:

• Effectively carried out planning and budgeting on tightly integrated office applications interfaces (Excel, Word, etc.)
• Streamlining the planning and budgeting with logical business process flow
• User are guided step by step through the business process flow
• Single and comprehensive platform across various business functions
• Allowing review/approval process to enhance the workflow management and identification of process bottlenecks
• Enhancing control and consistence over various assumptions
• Automatic projection of departmental expense based on quick and common modeling assumptions
• Allow what-if scenario analysis and version control
• Provide speedy variance analysis and business insights

IT Channel offers various tools and applications to achieve a successful planning and budgeting. We help to optimize the process with our solid implementation experience on these helpful tools and applications.

Recent Development on Planning Application – Sales and Operation Planning System (“S&OP”)

One of our recent developments on planning application is the S&OP, which is focusing on the manufacturing industry. The solution is intended to provide a quick and responsive platform for production planning. It is initiated by a demand forecast driven by sales and marketing forces and further attuned with the consideration of materials and capacity constraints, lead time, performance target and on-time delivery requirement. The flexible modeling platform provided a “what-if” capability to the S&OP committee and other users to quickly conclude the best scenario for the production function and to be responsive to the market changes. Detailed concepts on the solution could be referred to the following diagram.

Financial Consolidation

Changing and increasing regulations and demands for increasing financial transparency burdened the financial department with the workload of preparation for financial information. More time was spent on the routine preparation process rather than on information analysis.

Financial Consolidation, being a critical process in providing the overview of the group’s financial performance and position as a whole, is indispensable for making financial decision. Thus, timely and accurate production of consolidated financial information allows the group to respond quickly and correctly to opportunities and threats, which is critical in determining the success of the group.

IT Channel offers a range of solutions for consolidation of financial information to ensure data integrity, to fulfill the compliance requirements as well as to gain more business insights. The solutions have the following features:

• Shared online consolidation platform
• Capable of integrating financial data across various ERPs/systems (SAP, Oracle, JDE, Excel, etc.)
• Automatic ownership calculation for both simple and sophisticated cross-ownership group structures
• Adjustment to changes of consolidation scope
• Intercompany balance reconciliation and elimination
• Multi-currency consolidation for Multi-National Corporation
• Multi-GAAP management
• Journal adjustment on consolidation level
• Users could access to the result seamlessly and simultaneously

Our successful experience in implementing the consolidation platform allows top management and users to stay focused on analyzing the consolidated results and responding quickly and correctly to any potential opportunities and threats.

Product Offering

Our major products offering included:

IBM COGNOS TM1

IBM Cognos TM1 is a planning and modeling software that provides a complete and dynamic environment for developing timely, reliable and personalized forecasts and budget. It provides exceptionally fast performance in analyzing complex, sophisticated and multi-dimensional models with large data sets. The personal scenarios feature allows the users to have a completely flexible platform for executing ad-hoc what-if analysis. Workflow management feature allows the incorporation of proper approval process throughout the whole forecasting and budgeting cycle. Its highly flexible modeling methodology ensures that it could be fitted into different functions along the whole business planning process.

INFOR PERFORMANCE MANAGEMENT

Infor Performance Management provides one-stop solution for small and medium-sized businesses (“SMBs”) to optimize three critical business processes: Planning, Budgeting and Reporting. Its planning capabilities allow the user to have multiple scenarios to fine tune the business forecast. The timeline and taskmanagement feature allows a systematic preparation and submission of company-wide budget with proper approvals. Finally, the Application Studio, one of its reporting components, is capable of accessing and integrating data from various OLAP and relational database for consolidation and reporting. In such way, a one-stop solution for planning, budgeting and reporting could be established with the single package of performance management solution.

SAP BUSINESSOBJECTS PLANNING AND CONSOLIDATION

SAP BusinessObjects Planning and Consolidation unifies data and processes for budgeting, forecasting, and reporting and financial consolidation to ensure the consistency and relevance of your plans and help to seed the best budgets and forecasts possible. Its context-sensitive intelligent action panes aid productivity by specifying what to do, along with when, why, and how to act. The application provides a centralized forum for communicating organizational financial goals and objectives, along with tools for data collection and collaboration to facilitate both top-down and bottom-up planning. Workflow management features allow versioning that provides stakeholders with immediate access to the plan status. SAP BusinessObjects Planning and Consolidation includes functionality for Sarbanes-Oxley compliance and standards compliance, including IAS, IFRS, FASB, and GAAP.