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Solutions

Planning, Budgeting and Forecasting

Ashokanta LLC offers accurate and agile financial plans that can further support your strategy through the collection and modeling of data to streamline data scenarios. You can improve the accuracy of your forecast, make optimized resource use, and take confident decisions with real-time insights.

What We Cover?

  • Strategic financial planning
  • Cash flow forecasting
  • Budget monitoring, adjustments, and reporting

Features & Benefits of Planning, Budgeting, & Forecasting Solution

  • Collaborative Planning
    Demolish departmental silos by allowing easy collaboration among teams and geographies. Our solutions enable finance and operational stakeholders to collaborate in real-time on budgets, plans, and forecasts so they are aligned with the strategic goals.
  • Driver-Based Modeling
    Using driver-based modeling, you are able to simulate scenarios to gauge the effects of variations in your key business drivers, enabling you to make even better predictions and informed decisions by reliable data.
  • Predictive Analytics
    Apply advanced predictive analytics to detect trends, predict outcomes, and reduce uncertainty with the use of AI-driven insights, which enables you to fine-tune your models to forecast and rapidly react to changing market conditions.
  • Real-Time Data Integration
    Integrate data from multiple sources on-premises and cloud systems for an all-inclusive view of your financials. This ensures accurate data, reduces manual error, and provides actionable insight in real-time.
  • Scalable Cloud Solutions
    Our cloud-based solutions are designed to grow with your business. It doesn’t matter whether it is a small enterprise or a multinational corporation; the platform supports your evolving needs, providing flexibility and scalability.
  • Better Decision-Making
    Our solution enables you to identify opportunities, manage risks, and make proper resource allocation by providing data-driven insights and detailed reporting.
  • Faster Budgeting Cycles
    Automate budgeting processes to reduce cycle times and free up your team to focus on strategic initiatives. Our tools allow you to streamline workflows, improve accuracy, and ensure deadlines are met.
The importance of accurate enterprise plans, budgets and forecasts has never been more critical. Ashokanta gives business owners access to their own plans that talk to finance without a heavy reliance on IT. Unfortunately, most organizations have fragmented processes, there are no direct inputs from operational areas and slow planning practices are not keeping pace with the volatile business conditions. Typically, the business always relies on spreadsheets, though the finance department does at times have a planning system.

  • Financial Statement Planning
  • Revenue Planning
  • Operating Expense Planning
  • Workforce Planning
  • Projects Financial Planning
  • Capital Expense Planning

Tackle the Cost Challenges & Capitalize on Your Profit

Our Profitability and Cost Management solutions can identify profit drivers as well as optimize financial performance. Using advanced analytics, we can help manage costs correctly, forecast profits precisely, and allow you to make the necessary strategic adjustments that enhance profitability as a whole.

What We Cover?

  • Analyzing cost structures
  • Implementing cost-reduction strategies
  • Revenue optimization and financial analysis

Features & Benefits of Profitability and Cost Management

  • Detailed Cost Break-Down
    You will know where the expense drivers lie through granular level of break-downs. With our solution, you will be able to effectively cost allocate over products, services, or business units so that your financial operation can be well viewed.
  • Profitability Modeling
    Use profitability models in measuring your performance across the customer segment, product line, and even market regions. That’s where you could easily see what areas have a lot of potential to focus the available resources.
  • Scenario Planning and Simulations
    Use “what-if” scenarios that will assess the effects of changes in cost structures, pricing strategies, or the allocation of resources. This will help you keep ahead of the market in terms of changes and therefore make proactive decisions.
  • Activity-Based Costing (ABC)
    Understand indirect costs better through Activity-Based Costing. Our solution empowers you to allocate overheads and indirect costs accurately, ensuring true profitability reporting.
  •  Data Integration for Precision
    Integrate data from several systems, including ERP, CRM, and other operational systems, for a panoramic view of cost and profitability metrics. This will ensure you are working with accurate, real-time data to make better decisions.
  • Customizable Dashboards and Reporting
    Access dynamic dashboards and generate rich reports to track profitability and cost metrics. Tailor insights to match your business priorities, helping you align your operations with strategic goals.
  • Strategic Resource Allocation
    Identify and allocate resources effectively to optimize profitability. Our tools help you prioritize high-value opportunities while addressing inefficiencies.
Allocations are a Dirty Job!

Reporting needs don’t match well with financial data

  • Data is required from many disparate systems
  • Waterfall of allocations required
  • 100’s of sequenced allocation rules and very little time allowed to complete
  • And…!! Everyone !! Challenges the Results.

Financial Reporting for Optimal Decisions

Our Financial Reporting solution simplifies complex reporting requirements. We provide flexible complaint reporting frameworks that allow you to quickly generate accurate financial statements so you stay compliant.

What We Cover?

  • Financial statement preparation
  • Following financial reporting standards
  • Financial ratios and trends analysis, along with reporting

Features & Benefits of Financial Reporting

  • Comprehensive Financial Statements
    Preparation of accurate, detailed financial statements, balance sheets, income statements, cash flow reports, equity statements, and all as needed by your organization.
  • Automated Reporting Processes
    Save time and reduce human error with automated workflows that make data consolidation, reporting, and analysis easier and more efficient.
  • Compliance and Regulatory Reporting
  • Our solution provides audit-ready reports, ensuring compliance with international accounting standards like IFRS, GAAP, and local regulations.
  • Custom Reporting Templates
    Customize your reports to reflect your company’s branding and presentation. Customize templates for internal or external stakeholders to communicate in a clear and professional manner.
  • Multi-Entity and Multi-Currency
    Manage complex reporting needs in global operations. Multi-entity and multi-currency consolidation capabilities. Seamlessly integrate information from different sources and systems.
  • Drill-Down Analysis
    Drill down for in-depth information on underlying transactions and details. This facilitates transparency and understanding of performance at the financial level.
  • Advanced Visualizations
    Analyze your financial information in interactive charts, graphs, and dashboards to give stakeholders a clearer perspective on how to act on important financial information.
  • Integration with ERP Systems
    Seamless integration with leading ERP systems and other financial tools in order to get an overview of your organization’s health in a unified way. Ensure consistency and accuracy across platforms.
Uncover, analyze, distribute financial insights at lightning speed, and communicate findings easily through bespoke reports. Give your teams the insights needed to make better decisions. The moment analysis is complete, your teams can perform adjustments and edits or provide feedback, which leaders can use to act upon and keep pace with change.

With 20+ years of experience in EPM advisory, implementation, training, and managed services, Ashokanta has the track record and depth of expertise to help you make the most of the latest methods, solutions, and tools in a futuristic, time-sensitive way that enables quicker and higher returns on investment.

Get a Blueprint for Data-Driven Success

Our Integration Services and Data Management solution ensures proper communication among your financial data systems. We connect any disparate data source, streamline flows of data, and ensure all your information is securely managed.

What We Cover?

  • Date source identification, extraction, and transformation
  • Implementing data integration technologies
  • Data governance and data security

Features & Benefits of Integration & Data Management Services

  • Seamless System Integration
    Connect disparate systems, applications, and databases into a cohesive ecosystem. From on-premise to cloud or hybrid, our solutions enable smooth integration across platforms.
  • Data Quality Management
    Ensure the accuracy, consistency, and reliability of your data. With advanced tools, we eliminate duplicates, detect errors, and maintain data integrity throughout its lifecycle.
  • Real-Time Data Synchronization
    Enables real-time data synchronization that ensures all stakeholders have the latest information, reducing delays in the entire decision-making process.
  • Cross-Platform Compatibility
    Our solution can support a wide range of technologies and platforms and is therefore adaptable to your organization’s unique needs.
  • Advanced Data Transformation
    Transform raw data into structured formats ready for analysis and reporting. Our ETL tools make data preparation and migration efficient.
  • Cloud Integration
    It works easily within leading cloud platforms such as Oracle Cloud, AWS, and Microsoft Azure.
  •  Big Data Management
    Manage large volumes of high-speed data coming from different sources. Scalable and high-performance solutions exist in complex big-data environments.
  • API Management Services
    Simplify the development, deployment, and monitoring of APIs to ensure smooth data exchange between applications and systems.
  • Poor quality of the data, leading to poor decisions
  • No clarity about whom to contact, or where to locate a certain piece of data in the organization
  • Difficult to get access to critical data
  • Opportunities are lost because it takes a long time to obtain the necessary information
  • Untrustworthy data Spending more time repairing the data and less time gleaning meaningful insights
  • Takes a lot of trouble to finish and submit financial and regulatory reports
    Experiencing delays when implementing new tools and capabilities

Gain Complete Control Over Your Data

Data Relationship and Governance Management from Ashokanta provides the best frameworks for data quality management, consistency, and compliance. We support you in building transparent policies for data governance, maintaining relationships between datasets, and ensuring regulatory compliance.

What We Cover?

  • Developing data governance frameworks
  • Identifying and mapping data relationships
  • Data life-cycle management
  • Resolving data conflicts and discrepancies

Features & Benefits of Data Relationship / Governance Management

  • Centralized Data Governance Framework
    Create a robust governance framework that unifies your data policies, processes, and controls across the organization.
  • Data Lineage and Traceability
    Track data origins, movements, and transformations to ensure full transparency and compliance with regulatory requirements.
  • Relationship Mapping
    Visualize and manage complex data relationships across systems, processes, and organizational entities for better data management and insights.
  • Access Control and Security
    Implement advanced access controls to ensure sensitive data is available only to authorized users. Maintain compliance with GDPR, CCPA, and other data privacy regulations.
  • Data Cataloging
    Create an organized catalog of your data assets with metadata, making it easier for teams to locate, understand, and utilize data effectively.
  • Policy Automation
    Automate the enforcement of governance policies to ensure data quality and integrity without manual intervention.
  • Master Data Management (MDM)
    Maintain a single, accurate version of your critical data entities such as customers, suppliers, and products across your enterprise.
  • Compliance Reporting
    Generate audit-ready reports to demonstrate adherence to data governance regulations and standards.
All good decisions are ultimately informed by data. But to get to the insights behind the data, enterprises need to consistently collect sufficient data, collate it and curate it so it can be utilized to aid decision-making.

Ashokanta specializes in helping businesses across industry sectors leverage a range of BI tools to improve their business functions—from HR to Sales & Marketing. We are tool agnostic, and have a deep bench of solution experts, which enables us to prescribe and implement the best tool—be it from Oracle, Microsoft, or Tableau—for your purposes. Over the years, we have helped businesses across industry sectors and geographies make the best possible use of their data through implementations, consultations, and training on a variety of Data solutions.

Measure, Analyze, & Improve Your Firm’s Performance

With Ashokanta’s Performance Reporting solutions, you can measure current and historical performance against preset goals in real time. It will give you information on improvements toward productivity and efficiency areas, allowing you to grow into new opportunities.

What We Cover?

  • Data collection and integration
  • KPI development and benchmarking
  • Data visualization and automation
  • Performance analysis and insights
  • Full-fledged Financial reporting pack formatted with notes and schedules
  • Statutory and management reporting packs facilitated
  • Complex and distinct grouping requirements for Management and Legal reporting
  • Multi-currency reporting enabled
  • Audit report built to include narrations
  • Significant time savings in management reporting

Get a Unified Financial View

Ashokanta’s Financial Consolidation solutions aggregate diverse financial data from multiple entities into one coherent view. We streamline the consolidation process so that it meets accounting standards and accelerates reporting cycles.

What We Cover?

  • Financial data collection and validation
  • Preparing consolidated financial statements
  • Implementing financial consolidation modules in ERP systems

Features & Benefits of Financial Consolidation Solution

  • Seamless Multi-Entity Consolidation
    Simplify consolidation of data from various entities with different currencies, accounting standards, and operational systems. Obtain a complete view of your organization’s financial health without the hassle of manual processes.
  •  Regulatory Compliance
    Stay compliant with global accounting standards such as IFRS, GAAP, or any region-specific requirements. Our solutions ensure that your financial statements meet regulatory standards and are audit-ready.
  •  Automated Intercompany Eliminations
    Intercompany reconciliations and eliminations are simplified and automated so as to provide accurate reporting. This minimizes errors, saves time, and provides quality financial data.
  •  Real-time Data Integration
    The consolidated financial data is derived from all kinds of sources like ERPs, databases, spreadsheets, and much more. It ensures uniformity and gives actionable insights at real-time.
  •  Scalable and Flexible Architecture
    Our solutions are flexible enough to accommodate your evolving business requirements, and you can always add new entities, geographies, or business units without any disruption. Whether it is a small business or a multinational corporation, we ensure the scalability that you require.
  •  Advanced Reporting and Analytics
    You will have access to powerful reporting tools and customizable dashboards that will give you deep insights into your consolidated financial data. You can easily identify trends, monitor KPIs, and make data-driven decisions.
  •  Streamlined Close Process
    It enables financial closing by automating the workflows and validating checks. This is how closing cycle times can be minimized with accuracy and control.

Partner with Ashokanta to adopt the most innovative offering of Oracle available in the market. Take the holistic approach of Record to Report process that includes Close Orchestration using intelligent process automation, legal and financial consolidation, supplemental ad-hoc data, data collection, heavy emphasis on collaborative reporting (dashboards, reports, office integrations) with reconciliations and tax provisions. We offer unique advisory services where we conduct extensive awareness program called “implementation success program” under the theme “What you need to know before starting the implementation” for the following profiles

  • As the executive sponsor
  • As the application owner
  • As the business users