Financial Management

Organizations must manage the processes around financial accounting in order to control risk and return maximum value to stakeholders. Finance managers need up-to-date information to monitor the performance of the accounting functions, and they must distribute detailed reports to corporate management. Processes that support changes to the organization – such as during mergers, acquisitions and divestitures – are important to ensure smooth operations.

Livelink ECM supports financial management by enabling processes around unstructured content, while retaining context with your Enterprise Resource Planning (ERP) systems. Secure, Web-based collaboration supports the interdepartmental coordination and planning that occurs during the budgeting process, as well as during mergers and acquisitions. Output management and report distribution enable key personnel to monitor the performance of the company's financial operations. Livelink ECM also supports the management of internal controls in order to help mitigate risks.

OpenText solutions for Financial Management deliver this functionality with the following components:

Software:
, Document Management, Extensions for SAP Solutions, Project Management,  Report & Output Management

Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.

Activities

Financial Management involves Mergers & Acquisitions Process Management, and Report Management & Distribution

Mergers & Acquisition Process Management

Closing big deals, such as mergers and acquisitions, can be complex and stressful. OpenText’s solution provides the following advantages in these kinds of business scenarios:

• Companies can leverage Livelink ECM for Web-based collaboration around all activities related to a merger or acquisition
• Livelink ECM connects the various parties of the merger or acquisition across the Internet
• Livelink ECM provides secure, virtual, asynchronous collaborative workspaces for the deal
• Livelink ECM reduces the risks associated with closing the deal, by ensuring that all parties perform due diligence and complete workflow and project tasks assigned to them
• Livelink ECM lets you capture the results of your real-time meetings into the repository, and archive all artifacts of the deal for regulatory compliance

Solution Adaptations: Document Management, Extensions for SAP Solutions, Report & Output Management

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Report Management & Distribution

Your operating costs may be excessively high because of the need to print, organize, and distribute corporate reports. The sheer volume of reports that you maintain could be a barrier to finding relevant information among the clutter. We understand that you must be confident that your critical business data is safe from accidental deletion!

The OpenText solution:

• Electronically captures meta-tags, archives and distributes reports
• Improves access to critical business information
• Enables your IT staff to focus on high-value operational tasks
• Transforms report content into meaningful business intelligence
• Empowers business users with multi-channel distribution
• Eliminate wasted materials

Solution Adaptations: Report & Output Management

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