Arthur Andersen has teamed up with balanced-scorecard software house Gentia to create a new performance management application, intensifying the current level of competition among Big Five consultancies and financial software houses to claim a slice of the market for analytical applications.
The Andersen product is called Gentia ProfitImpact and gives managers a quick overview of a range of financial and non-financial performance indicators.
Available immediately, the application is priced from $95,000 for a 25-user package. Activity-based costing forms the foundation of the package, allowing finance directors to breakdown profits and examine different elements of their business costs simply.
The ERP big hitters and Big Five are all keen to enter the sector. SAP and PricewaterhouseCoopers are working on a balanced-scorecard application, while KPMG and PeopleSoft released Enterprise Performance Management earlier this year.
Gentia’s solutions marketing manager Mike White said: ‘Andersens will implement the software, and advise users on how best to configure the application to suit their business.’
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union