SAS, the leader in business intelligence, has announced that Hartco Income Fund (Hartco), a leading Canadian information technology solution provider, has selected SAS Financial Intelligence solutions to support the budgeting, planning and consolidation processes across its operating units.
Following its conversion to an income fund in 2005 and the resulting changes to its operating structure, Hartco required a centralised and automated approach to its budgeting, planning and consolidation processes. The use of spreadsheets had become too inflexible to manage the increasing complexity of Hartco's financial processes.
"The ability to use SAS Financial Intelligence for the budgeting, planning and legal consolidation process will provide the financial team at Hartco with the means to plan and manage its business and close its books more efficiently," says Carl Gauvreau, Chief Financial Officer of Hartco Income Fund. "The ability to perform these processes in an integrated and automated fashion, combined with enhanced analytical capabilities, will allow us to improve the speed and quality of reporting and decision-making."
The flexibility of SAS's financial solution will allow Hartco's end-users to perform and deliver financial information through a familiar Microsoft Excel user interface. With sophisticated and systematic budgeting and planning functionality, operations managers and the central finance team will realise significant efficiencies and process improvements.
"The finance team at Hartco understands the strategic role it can contribute to the success of the company," said Roger Shears, Director of Financial Intelligence for SAS Canada. "Implementing a solution that reduces time spent on consolidating financial data and provides powerful business forecasting capabilities to ensure financial reporting transparency and accuracy, will allow the Hartco finance team to enhance its role as a strategic business advisor."
SAS Financial Intelligence helps companies report, manage and improve the financial performance of their entire organisations. This integrated group of SAS offerings supports strategic decisions and helps finance teams:
* Ensure financial transparency.
* Streamline consolidation and reporting.
* Improve the accuracy of plans and budgets.
* Align day-to-day operations with long-term goals.
* Predict and respond to market changes.
* Reduce costs and streamline processes.
* Understand profit drivers and grow profitability.
* Ease the strain of compliance requirements.
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