The need to manage and optimise the business’s working capital requirements is a crucial task of all finance departments. Particularly in times with market and economic uncertainty, the business needs to focus on unlocking its cash and optimising its working capital utilisation. The integrated relationship between debtors, creditors, inventory and cash is crucial to any business to succeed.
ABM Systems solutions enable the finance team to optimally manage and report on working capital across the following areas:
The cost of running the business as well as the process of managing complicated supply chains needs to be a key focus of any finance team. From a supply of commodities in a production process through to the cost of running the business, effective vendor management and cost control should be an area of excellence in all companies.
ABM Systems procurement team helps companies through the process of managing and optimising the procure-to-pay process as well as the management of vendor and buyer performance.
Solutions in this area include:
- Spend Analytics
- Suppler Development
- Vendor Management
- Contract Management and optimisation
The role of finance department as a key provider of insights is a crucial role that sees finance not only as keepers of the performance of the business, but as advisors on growth and improvement. Further to this in presenting the organisations back to management and shareholders the CFO needs to have the tools to easily consolidate and analyse information as well as present that information back it in a manner that provides users with the ability to make better decisions.
ABM Systems supports a variety of clients with strategy and solutions that enable them to provide the business and stakeholders with information that enables them to make improved decisions. Some of these focus areas include:
- Management reporting
- Financial Analytics
- Budgeting and planning