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Solution Accelerators

Employee Planning Solution

What if one Venn Cubed solution could cover practically all things employee-related? A generic thoroughly tested employee planning model that can be fully functional within a few days.

The Employee Planning solution is fully configurable, easy-to-use and integrates sophisticated budgeting, forecasting, reporting and data analysis capabilities.

The Employee Planning solution is an excellent fit for any size business that needs to create detailed employee budgets and forecasts with ‘What-If’ or Scenario Analyses capabilities to create multi-year plans.

It includes built-in functionality to create all letters (annual bonuses, salary increases, etc.) and email automation to distribute all customised letters to employees.

This solution is flexible as it:

  • Allows ongoing changes to the model and procedural budget changes
  • Enables all business unit/department heads to participate in a collaborative planning process, owned by Finance
  • Is driven by workflow, allowing users to take ownership of their budget process before submitting the budget or forecast for senior management to review and sign off

What Does the Solution Include?

An inherent audit trail functionality designed to
(a) log all configuration changes to the model,
(b) identify non-data submission actions
(c) capture all data changes at the lowest level.

The audit log identifies the before- and after values by user, date and timestamp.

Integration

The Employee Planning solution fully integrates with your payroll system to source data.

It reports straight into your reporting tool. Alternatively, pre-defined templates can be developed.

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FAR Solution

Introducing Venn Cubed’s Fixed Asset Register Solution.
A generic, thoroughly tested FAR model that can be fully functional within a few days.

The FAR solution was specifically designed to address the major drawbacks of maintaining transactions in an excel workbook. A generic thorough tested FAR model that can be fully functional within a few days.

It:

  • Eliminate human error
  • Reduce time wasted on making sure formulas are error-free
  • Reduce time wasted on reconciling calculated balances to general ledger accounts
  • Standardise format for capturing asset purchases, disposals and reclassification

When FAR is moved into ABM Planning Analytics, Budgets and Forecasts can be prepared in seconds.
Simply update your plan with additions and disposals and the system does the rest.

The solution calculates depreciation based on defined rules and cannot be changed unless reclassification of that asset has been done.

Reconciling formulas per asset per category is a thing of the past.
The solution automatically generates your monthly depreciation journal and roll forward your asset balances each month.

The solution also encourages the use of data by facilitating self-service reporting to identify locations, departments or assets with high value assets / assets have been written off.

This solution comes with predefined dashboards and indicators to give you an eagle eye on the build-up of your CAPEX budgets and forecasts.

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