System Design, Implementation and Support

Financial Close Cycle
Efficiency and flexibility underscore ITEC's approach to this critical task. These processes must support best practices and the underlying design must be flexible enough to accommodate new analytical and regulatory needs. Reporting needs to be maintained with minimal effort and the systems must provide advanced analysis ability and be SOX compliant. Furthermore, these systems should allow users to self-serve their own information needs, allowing Finance to pursue more value-added analysis. ITEC helps you shorten close cycles and create new efficiencies and controls throughout the process, designing new systems and automated processes and integrating them with tax, planning and other related data stores and processes..

As part of ITEC’s close cycle consulting, ITEC can address your last step in reporting, XBRL SEC filing. Due to increasing SEC reporting requirements, changes regarding filing liability and additional IFRS considerations, many companies are now choosing to forgo 3rd party financial printer costs and bring this task in house. ITEC can guide and assist your organization with automating this task leveraging new software tools now available to do so.

Budgeting & Planning
Business has to adapt to ever faster rates of change. Budgeting and Planning systems need to allow for more frequent planning cycles, varying levels of planning detail and improved analysis ability against actual results and competitive information. ITEC both streamlines and adds value to the budgeting processes by designing budgeting systems streamline iterative steps, increase corroboration and integrate with the financial close cycle.

Business Intelligence
Organizations have an ever increasing need for timely, accurate and concise Business Intelligence (BI) in order to address potential problems, seize new opportunities and guide their execution of strategy.

An effective BI agenda requires a mixture of disciplines supporting optimal business processes, efficient data collection and drill down, flexible architecture, effective application design, successful information delivery and insightful end user analysis.

ITEC’s approach to BI is extends our financial analysis deliverables to provide real time, actionable information to decision makers. From expanded abilities such as detailed, automated cash flow to KPI and dashboard formulation, implementation and support, ITEC can help you identify new and existing to leverage your existing data like never before. Expanded performance management solutions and new cloud-based SaaS solutions can now enable low pain, maximum gain BI initiatives that will improve your organization’s decision making abilities.

Project Management
Business Performance Management (BPM) and Business Intelligence (BI) projects Project scoping must be performed with meaningful consideration of existing processes, system characteristics, data quality, ETL and related available resources. Ongoing project management must be performed by subject matter experts who can predict and plan for previously unforeseen project challenges. ITEC provides expert project management services for BPM, BI and other IT projects.

Training
Application training is important but it needs to be delivered quickly, effectively, inexpensively. ITEC’s flexible delivery of classroom, live web-based and computer based training (CBT) solutions takes advantage of the latest tools to ensure each projects training closely matches users’ needs, globally.