Success factors for future-oriented controlling

Five reasons for digital controlling

Are you and your company really ready for the digital future? For increasing dynamism and growing complexity? Or do you increasingly find yourself trying to decode highly complex Excel sheets and to juggle various stand-alone solutions without making mistakes? If the cost of preparing forecasts and scenarios is greater than the benefit you derive, if your visualisations have no clear structure and your decision criteria are not succinct, action is needed.

1. Availability: provide data efficiently and quickly

Cooperation is a key success factor in corporate management in the digital age. This works best on a collaborative online platform that assigns all stakeholders individual planning, commenting, analysing or consuming rights. Intelligent data management includes the efficient provision of information as well as a comprehensive database and high-quality data. To accomplish this, a reliable connection to existing upstream systems and error-free data import are necessary. This is the only way to ensure that you are always working with current information and can access individual postings and documents if needed.

2. Transparency: provide comprehensible formulas and logics

Modern technology makes it possible for logics to be defined for use cases so they are interface-prompted and optimally balanced with the requirements of the individual area. This allows you to keep an overview of not only your KPIs but also the computational logic behind them. You can unequivocally interpret your key figures, identify drivers, and create transparency with regard to the automated processing of managerial issues.

3. Orientation towards the future: optimally support analysis and planning

In dynamic times, it is more important than ever to gain maximum insights from your data with minimal effort. If there is no time for programming or scripting, intelligent out-of-the-box functions are called for. These allow you to flexibly develop new plan scenarios and to easily adapt existing planning estimates: just set the parameters and the system plans your accounts. Standard views such as annual tranches make effects visible, illustrate developments and enable you to compare various scenarios.

4. Depth of detail: answer every question unequivocally

It is easy today to keep an overview of your data and at the same time to present complex matters in detail. Flexible multidimensional data models that can be rotated and turned provide various perspectives. Visualisations such as the sunburst analysis break data models up graphically and allow you to quickly grasp your figures. At the same time, they provide you with the option of increasing the degree of detail so you can investigate and evaluate causes – if desired, all the way down to individual scanned documents.

5. Visualisation: represent information clearly and comprehensibly

Whereas many senior executives still suffer through overloaded management reports and presentations in various colours and formats, an increasing number of companies benefit from established visual standards in their corporate communications. These demonstrably allow recipients to analyse them faster and to make fewer errors in interpreting their content. And when innovative technologies ensure that data is prepared automatically across all modules and that suitable visualisations are recommended depending on the situation, senders are pleased as well.