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The 10 most important questions to ask before purchasing controlling software

1 Does the software adequately cover all the cornerstones of controlling (planning, information, analysis and management), providing you with vital transparency in each area?

2 Does the software enable top-down, bottom-up and counteractive planning to be carried out centrally as well as locally, irrespective of location, and can it calculate and display alternative simulations flexibly over different time-spans and according to varying parameters?

3 Does the software assist both operative controlling (hard facts) and strategic controlling (soft facts), thereby meeting the requirements of creditors and other interested parties?

4 Does the software provide business management support (management key ratios, calculations as required, management structures and complete business management analyses)?

5 Can planning/actual variances be analysed using the drill-down procedure?

6 Does the controlling software contain attractively presented, flexible and dynamic reporting, and can it produce reports with extensive textual annotations and commentaries (e.g. quarterly reports)?

7 Can the controlling software calculate and display complex business interrelationships such as integrated financial statements, plan balance sheets and cash flow statements?

8 Can data and structures be put into graphs and analysed conveniently, flexibly and without any limitations?

9 Is the software able to display rolling time spans over several financial years with all sorts of budget/actual comparisons (plan 1, plan 2, forecast, etc.)?

10 Can the software access data flexibly from any pre-system, retrieve actual data and transfer planning figures, and even access individual documents as part of an integrated solution?

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