Product Features
Extensity MPC has 6 key components:
- Strategic Planning
- Financial Planning
- Budgeting
- Forecasting
- Financial Consolidation
- Reporting & Analysis
:: Strategic Planning - Directing Company-wide Focus and Actions
You can use MPC to link high-level corporate strategies to budgets, people, tasks, measures, and performance targets. Everyone in the organization can see and understand what they need to do and how they will be measured. You can monitor progress and adapt plans to ensure that you meet your goals, even when business conditions change. With MPC, strategy becomes everyone’s business.
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:: Financial Planning - Aligning Resources to Support Corporate Goals
Working with MPC’s Excel spreadsheet interface, you can test various combinations of targets, forecasts, key business drivers, and organizational structures within minutes. The software performs all the calculations, enabling you to see instantly how a change in one variable affects the others. Use MPC to set top-down targets, create driver-based plans, produce pro forma statements, and review predictive analytics, all in a collaborative environment. When you save a plan and its associated business assumptions in MPC, you can use this information to seed the budget. You also can compare the plan against actual results as they become available.
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:: Budgeting
MPC allows budgeters to work productively with a spreadsheet interface (on the web or in Excel itself), but eliminate version control problems and the need to re-key numbers by saving budget passes directly to MPC’s central database. Use the software to create zero-based, historical-based, and even rolling budgets and plans. With MPC’s built-in financial capabilities, you can simplify and improve the accuracy of performing calculations, allocations, phasing, currency translations, and more. Use guided workflow capabilities and alerts to keep the organization on time and within guidelines throughout the process. If a business change occurs during the year, simply adjust the budget and save the new version to the database. Rely on MPC to replicate the change throughout the system, updating any numbers or reports affected by the change.
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:: Forecasting
To jump-start the budgeting process and ensure that plans have a basis in reality, use MPC to generate statistically accurate forecasts and benchmarks with which to seed your budgets. These forecasts are based on your company’s historical performance results and take into consideration such things as trends and seasonality. Using MPC’s Excel interface, you can modify numbers if necessary, based on your knowledge of the business. You also can use MPC throughout the year to generate rolling forecasts and budgets, and to provide early warning alerts about emerging trends that may affect your plans. These alerts give you time to take corrective action.
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:: Financial Consolidation
Most finance professionals would prefer to spend less time collecting, calculating, and verifying data, and more time performing meaningful business analysis. MPC makes this possible. With MPC, you can automate the loading and validation of information from multiple source systems and from multiple charts of accounts. You can let the software perform currency translations and exchange rate calculations. Use the software’s journaling capabilities to automatically adjust for consolidation issues, regulatory reporting requirements, or data errors, as well as to keep complete audit trails. Most important, rely on its built-in financial intelligence to help you confidently create financial statements that comply with GAAP, IFRS, IAS, and other accounting standards and regulations.
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:: Reporting and Analysis
With MPC, you can automate the processes used to produce and distribute statutory and management reports and report books. Use MPC to control which recipients receive which reports. You also can control who sees what data within those reports, in what format reports are sent, and what method is used for delivery. You can design your MPC application to present data as scorecards, dashboards, spreadsheets, color-coded tables, bar charts, pie charts, bubble charts, and line graphs. You also can direct MPC to issue early warning alerts via email when performance varies from established targets, giving you a head start on solving problems or taking advantage of opportunities. With MPC, you also can perform analyses without requiring IT or analysts to build a completely new report. You can easily drill down from summary-level numbers to transactional details, compare actual performance against budgets and forecasts, look at the effects of currency fluctuations, and study trends to gain insight. By studying the gaps between expected performance and actual performance, you can begin to modify processes and make changes to help ensure positive, predictable results.
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