The Irus Group helps its clients convert business strategies into actionable plans, increase the efficiency and effectiveness of the budgeting process, and automate the monitoring of their execution against the plan by utilizing sound corporate performance management (CPM) processes. This benefits the entire organization from senior management to line management responsible for P&L. It drives the company’s success and holds stakeholders responsible for critical planning and budgeting decisions. Smart planning and budgeting turns corporate data into information and information into knowledge. This helps make better business decisions.

Our clients have more challenges than ever to ensure that the budgeting and planning processes are done as effectively as possible. For example, there’s greater visibility into corporate systems today which leads to increased audit risk and accountability. The large number of data sources also poses a challenge with integration of the data, database/server consolidation, business process, and user interface. Corporate Governance and compliance requirements, user demands for self-service efficiency, and corporate performance management standards all are requirements for better automation of planning and budgeting.

Better Business Decisions

As the Irus Group develops planning and budgeting solutions for its clients, we strive for better transparency, higher valuation, faster and better decision making and more efficient resource utilization. A more effective approach to the automation of planning budgeting alleviates administrative burden, reduces budget preparation time and reduces errors and rework costs.

Control the planning process

• Control the processes for planning, budgeting, forecasting, and monitoring
• Specify each business process in term of data model, rules, tasks, and schedule
• Spend time managing the plan and the business rather than on managing the process
• Model across functions and throughout the organization to analyze the holistic impact on targets
• Enforce corporate standards and control while retaining decentralized flexibility

We have had success migrating OFA and non-Oracle customers to EPB. We believe it’s a good choice for eBusiness Suite customers, and particularly those implementations that support a large number of users.

Enterprise Budgeting, Planning and Forecasting

Irus Group has been providing clients with Planning, Budgeting and Forecasting solution using the leading technologies from Oracle, Hyperion, Cognos and other vendors. The process may entail setting up links between the OLAP product and General Ledger GL, acquire all segment information, actual data and provide an organizational structure-based multi-tier system to input and review budgets, incorporate approval and rule-based workflow. We also perform analysis, create reports and even write back finalized budget back to the ledger. As an ongoing process of budget versus actual monitoring, we set up reports to show the variance and even set up forecasts to enable the user to monitor and track the business performance versus the anticipated performance.

Customer Profitability Analysis

Irus Group has been actively involved in building customer profitability systems for its clients because of its vast experience in the OLAP arena. Generally revenue data could be 90 percent attributed to a customer but the expense cannot be specifically tracked by customer. In such cases, Irus Group helps its clients perform allocations and render data attributed to customers, thus empowering the user to create customer-specific Profit and Loss Statements to make better, informed decisions when providing service to its customers.

Product Profitability Analysis

Irus Group has been actively involved in building product profitability systems for its clients because of its vast experience in the OLAP arena. Generally revenue data could be 90% attributed to a customer but the expense can not be specifically tracked by a product. In such cases, Irus Group helps its clients perform allocations and render data attributed to products thus empowering the user to create product specific Profit and Loss Statements to make better informed decisions when creating business development strategies.

Enterprise Financial Reporting

Generally ERP reports are static and do not allow any analytical capabilities. Irus Group provides its clients with solutions to make those static day-to-day reports dynamic and multidimensional and thus enable analytic capabilities using tools like Oracle Discoverer, OFA, OSA, MicroStrategy or Cognos.

Balanced Scorecard

As organizations have started to realize that monitoring organizational performance does not mean just monitoring financial outcomes, like revenue or P&L Analysis, but also monitoring the non-numeric strategy-focused tactical activities that cause the financial outcome. To help our clients realize and monitor the strategy focused tactical activities that cause the financial outcome we have been helping clients use and understand Balanced Scorecard methodology using Oracle Balanced Scorecard.

We are on the leading edge of implementing the Oracle Enterprise Planning and Budgeting (EPB) application, with a standardized analytic data model, enabling a host of analytic applications to share common dimensions and OLAP capabilities from the same applications database instance as other enterprise applications. This enables future integration at the data source level, as well as a variety of strategic planning and analysis capabilities - such as activity based costing and value based management - with a common user interface and little or no data movement, leveraging recent innovations within the Oracle database platform. This implementation of Enterprise Planning and Budgeting allows planning and budgeting to be a complete process-based application, with a data model, workflow and approval processes predefined yet customized to individual firms’ needs.