SHORTER BUILD TIME, TRIED AND TESTED SOLUTIONS AND GREATER PAYBACK
Formulate have built a portfolio of solutions to improve
INTEGRATED FORECAST PACK
P&L | BALANCE SHEET | CASH FLOW
This is a pre-built integrated balance sheet, profit & loss and cash flow model. It provides an out of the box Best Practice solution which can be customised to meet most customers.Easily scaled to expand with the business.
It uses double entry bookkeeping principles to ensure a fully balanced model, with no balancing figures.
Track and automate currency exchange rates in your consolidation
Many Adaptive Insights customers hold several exchange rates in their solution.
These need to be entered in currency pairs, in both directions, for every currency combination. Frequently this will include both End of Month (EOM) and Average (Av) rates. This becomes quite a volume of data to input, easily reaching a hundred lines or more.
Obtaining these rates, collating them and entering them into the system is a me-consuming task. Someone will go to a website, identify the relevant rates, download or copy them and enter them in Excel.
The Formulate FX Business Pack will automate this process. It will automatically upload both EOM and Av rates at month end. This can be run on a scheduled task, or triggered manually. No input is required from users, the rates will simply be entered in your currency tables automatically at month end.
The FX Business Pack can be installed in just a few hours, with no disruption to your existing system. The configuration is entirely stand-alone, so there is no risk to your current solution.