ICit offers a complete Business Intelligence and Business Performance Management solution service
Planning, Budgeting & Forecasting
A CFO must be able to identify and report what areas of a company are most efficient and how the company can capitalize on this information. This aspect of a CFO's duties also includes economic forecasting and modeling - in other words, trying to predict (given multiple scenarios) the best way to ensure the company's success in the future.
ICit Planning solutions makes it possible to identify performance gaps and opportunities proactively; assess alternatives intelligently and quickly with real-time scenario analysis; link operational and financial plans to improve reliability; keep Finance in the driving seat – by taking ownership of the application.
IBM Planning Analytics is the exciting new cloud based solution based on TM1 and the ground-breaking technology of Watson Analytics - helping you discover new insights from your data. IBM Planning Analytics also retains full Excel functionality, incorporates scorecards and dashboards, and delivers self-service analytics.
Controllership duties make up the backward looking part of a CFO's job. Controllership duties hold the CFO responsible for presenting and reporting accurate and timely historical financial information of the company he or she works for. Every stakeholder in the company - including shareholders, analysts, creditors, employees and other members of management - relies on the accuracy and timeliness of this information. It is imperative that the information reported by the CFO is accurate, because many decisions are based on it.
ICit Financial Control solutions remove the uncertainty and risk associated with spreadsheet based systems and integrate data sources to deliver timely and accurate information. By creating a multi-dimensional view of historical data, the solution provides detailed analysis from every angle; cost centre, expense type, time period, budget versus actual, all in a single application.
The CFO is also responsible for the company's present financial condition, so he or she must decide how to invest the company's money, taking into consideration risk and liquidity. In addition, the CFO oversees the capital structure of the company, determining the best mix of debt, equity and internal financing. Addressing the issues surrounding capital structure is one of the most important duties of a CFO.
ICit Treasury Management solutions are integrated with the financial control and planning applications providing audit, reconciliation and confidence in the numbers. Understanding hedging requirements, short term cashflow , or keeping a close eye on covenants – these are just some of the features we deliver.
The ICit Profitability Solution for Insurance delivers accurate, rapid and reliable profitability analysis by almost any valid criteria, such as policy, product line, customer, demographic, geo region and much more. The ICit solution is fully automated and highly cost-effective, and the IBM Cognos engine produces results in seconds.