London, United Kingdom, August 19, 2009 --(PR.com
)-- It was announced today software solutions company Information Edge has launched its financial governance software solution.
Managing Director, Vilosh Brito talks about the pressures and complexities CFO’s face. “Demands on them are strong and financial governance can be an error prone process. Today's corporate officers are held to higher standards of accountability than ever before and stakeholders demand faster access to accurate results.” For those companies that are still using the outmoded and ubiquitous spreadsheet they may find themselves falling behind their competitors or facing compliance issues.
Information Edge software helps companies close their books quickly and confidently in this challenging environment. Information Edge has developed a powerful, thoughtful and client focused product that is far most cost-effective than the others out there. There is a need for more competitive products during these tough economic times and a boutique experienced player can offer a competitive alternative to the big players.
Key components of the solution handle:
- Data collection from disparate sources
- Validation of data
- Intercompany eliminations
- Foreign currency conversion
- Consolidation adjustment / journaling
- Different consolidation methods
- Financial reporting
Alongside managing the steps and complexities of financial consolidation, the solution has been designed to structure, track, validate and submit data in a unique way to give you complete traceability, auditability and transparency and enhanced visibility.
Its performance attributes are unmatched:
Benchmarked to be able to handle at least 300 times the data handling capacity of traditional applications
Can handle schemas of 15, 20 or 30 dimensions. Traditional systems can only handle up to 10.
Handles real time updates of schema
Users can define and store versions of structures at any point in time
Benchmarked as being at least 10 times faster than competing systems and, in certain circumstances, over 100 times faster
About Information Edge
Information Edge delivers performance management, financial management and business intelligence solutions for commercial and public sector organisations. We have patented technology enabling us to provide innovative solutions that have unmatched scalability and stability.
Founded in 1992 Information Edge has over 15 years of experience. Some major clients include the H M Treasury, the DFT, the CPS, leading banks and an airline. With a unique team we have developed innovative software that works interdependently. This allows us to offer flexible solutions that address; single and multiple business needs or the entire performance management and business intelligence platform.
Our existing architecture, modules and technology means we can implement a bespoke solution very quickly for whatever financial management, performance management or business intelligence need a company has.
For more information please contact
Tel: 0207 073 2715
11-12 Token House Yard