Fraud and Security Intelligence

Financial Management

Improve the accuracy and timeliness of financial plans, budgets and reports. It is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

SCS Financial Management is a comprehensive solution for enterprise planning, budgeting, consolidation and reporting. It allows you to perform instant consolidations, develop more accurate budgets, report and analyze results, understand revenue, costs and profitability, and manage the execution of strategy.

Estimation of Capital Requirement

How much money is required? The answer to this question lies in how financial managers estimate the capital requirement. It is arrived upon after estimating the company’s present and future costs and profits, purchase of fixed assets, working capital requirement, and business plans for expansion.

Procurement and Allocation of Funds

Where will the money come from? Financial management ensures regular and adequate supply of funds by identifying sources of funds and procuring them at the lowest cost. After the funds are pooled, the next objective is to prudently invest them in different assets for profitability, liquidity and safety.

Determining the Structure of Capital

What proportion of capital should be invested and how? This is where financial management comes into the picture. The primary aim of sourcing capital is to grow it to earn returns and maximise shareholder wealth. This is done by determining whether the entire capital should be invested in the business or the market. There is also a decision to be taken regarding short-term and long-term investment as well as debt-equity mix.

Distributing the Surplus

Where to dispose the surplus? Here, the surplus refers to profits. The company can either retain the profits entirely to re-invest in the business to expand or diversify. However, if there are shareholders, it makes more sense to distribute this profit by declaring dividends and bonus. All these decisions fall under the scope of financial management.

Maintaining Financial Control

How much return has the capital earned? Financial management is also responsible for exercising control over money through financial performance evaluation at regular intervals. This is done through financial forecasting, ratio analysis, audits and analysis of accounting/bookkeeping reports. All these techniques will give results on Return on Investment (ROI). The overall control of where the money comes from and where it goes lies solely with financial managers.

Forecast Analyst

SCS Forecast Analyst provides an analytics-based process for creating a demand-driven, statistical forecast. It auto- mates and manages information exchanges between everyone involved in the fore- casting process.

Forecast Server

Forecasting software that automatically generates large numbers of high-quality forecasts.

It is a client-server application that enables organizations to plan more effectively for the future by generating large quantities of high-quality forecasts quickly and automatically. SCS Forecast is the client component that provides a graphical interface to the SCS Forecast Server Procedures.

Forecast Business

Plan confidently with automatically generated, reliable forecasts. It depends on simplistic forecasting systems and spreadsheets that can't handle large data volumes and support only a few basic forecasting methods.

It is an affordable, easy-to-use solution that gives organizations advanced forecasting capabilities in a PC environment. The solution selects the most appropriate forecasting method from a comprehensive model repository that includes a full range of forecasting methods – enabling forecasters to automatically generate reliable forecasts without any manual programming or reliance on IT.