Financial Performance Management (FPM) Solutions: Boost Your Financial Performance Management
Control, strategic vision, and data-driven decisions. At Nova, as a leading FPM consulting firm, we understand that Financial Performance Management (FPM) is the foundation for sound strategic leadership. That’s why we offer FPM services that centralize, automate, and optimize all of your organization’s key financial processes. Spend more time managing your business and less time maintaining planning processes.
Is Your Finance Department Facing These Challenges?
- Endless closings: Manual processes that delay the delivery of financial and management closing reports, leaving no time afterward to analyze them.
- Lack of visibility: Difficulty understanding actual profitability by product, customer, or channel due to a lack of depth in the data.
- Scattered data: Spreadsheets that are disconnected from transactional systems, leading to mistrust and inconsistencies.
- Rigid planning: Limitations on simulating scenarios and different versions, and on adapting quickly to market changes.
If these issues sound familiar to you, our FPM solutions are designed to address them at their root.
Custom FPM Solutions: Control, Automation, and Scalability
Profit & Loss
A detailed analysis of the income statement, from both an accounting and a management perspective, is essential to understanding the company’s performance. Nova’s solutions enable:
- Model revenue and expenses by business line, product, region, or channel.
- Dynamically measure gross, operating, and net margins.
- Cost Center Expense Analysis (CECOs)
- Compare historical and projected scenarios.
- View budget variances in real time.
This provides a clear and actionable overview of the business’s profitability.
Balance Sheet
The balance sheet provides a snapshot of the company’s financial position. Our FPM Solutions offering allows you to:
- Automate the projection of assets, liabilities, and net worth.
- Link the balance sheet to operations (for example, inventory forecasts or accounts receivable).
- Ensure compliance with accounting principles and provide an overview based on different charts of accounts.
- Link the balance sheet to the cash flow and profitability models.
This allows for constant monitoring of the business’s financial health, not only from an accounting perspective but also from a strategic one.
Profitability & Cost Management (Profitability and Costs)
Understanding which products, customers, or channels generate the most value is essential for making strategic decisions. We propose implementing tools to help companies:
- Accurately allocate direct and indirect costs from cost centers (CECOs) to business units by distributing costs according to the drivers that are most appropriate for each expense category.
- Model and analyze profitability by customer, product, project, or channel.
- Identify opportunities to improve margins and operational efficiency.
- Identify products or services with low profitability in order to take corrective action.
This results in more informed strategic decisions and a higher return on investment.
CAPEX (Capital Expenditures)
Planning and controlling capital expenditures is critical to ensuring that investments are aligned with the strategy. Managing this process using an automated solution allows you to:
- Plan investments by asset class, location, or business unit.
- Evaluate and prioritize investment projects based on profitability criteria, implementing approval workflows.
- Conduct analyses of the impact on cash flow and future profitability.
- Monitor CAPEX spending against the budget.
This allows companies to manage their investment portfolios more efficiently and in line with their strategic objectives.
Tax Management
Tax management goes beyond mere compliance: it can also create competitive advantages when handled proactively. Nova helps companies:
- Automatically and accurately calculate tax accruals, both for tax authorities and for cash flow forecasting to cover tax payments.
- Incorporate the tax impact into planning and consolidation models.
- Run simulations based on different tax scenarios.
- Comply with local and international regulations, such as Country-by-Country (CbC) regulatory reporting.
This reduces tax risk, improves financial predictability, and optimizes the tax burden within the existing legal frameworks.
Cash Flow
Cash flow management is vital for maintaining liquidity, avoiding cash flow constraints, and planning investments. Having this information integrated and aligned with the rest of the financial data provides added value for the CFO. To this end, many organizations choose to implement EPM solutions to:
- Forecast revenue and payments based on realistic and up-to-date models.
- Analyze operating, investing, and financing cash flows.
- Estimate funding needs or excess liquidity.
- Identify critical points and plan corrective actions in advance.
The result is proactive cash management, which is key to financial stability.
Why Choose Nova as Your FPM Consultant?
Technology is just a tool. Our true value lies in the expertise of our team of FPM experts, ensuring that the solution not only works but also drives your business forward.
- Applied Business Insight: We’re financial professionals who understand technology—not the other way around. We speak your language and solve your real business challenges.
- Proven Methodology: We don't wing it. We use our own implementation framework that minimizes risks and speeds up the delivery of results.
- Independence and Customer Focus: We are not tied to any single technology. We recommend and implement the solution that best fits your ecosystem, size, and level of maturity. As certified partners, we work with the technology leaders in EPM solutions: Oracle, OneStream, and Jedox.
- Results-Driven: Your success is our only KPI. We measure every project by its impact on your company’s agility, control, and profitability.
Our customers' trust.
Who is this service intended for?
If any of these descriptions sound like you, you've come to the right place:
who need to make decisions more quickly.
overwhelmed by manual tasks and looking to free up time for analysis.
who want to professionalize their management control.
who are looking for scalable financial tools
Transform Your Financial Performance Management Today
The FPM not only automate tasks; they provide your organization with a strategic foundation for understanding, anticipating, and managing financial performance from a comprehensive perspective.
With our FPM consulting services, we transform the way your company improves its productivity and optimizes its financial decision-making in an increasingly demanding environment.
Frequently Asked Questions About FPM
What is financial performance management in simple terms?
Financial Performance Management (FPM) is a set of practices, processes, and tools that help companies plan, analyze, and optimize their financial performance. It goes beyond accounting or the transactional functions typical of ERP systems: it enables companies to make informed decisions based on strategic financial data.
How can an FPM consulting firm like Nova help you?
At Nova, we help you centralize your financial information, automate processes, and turn your finance department into a strategic partner. We implement customized FPM solutions focused on planning, budgeting, and forecasting; financial consolidation; and analysis and reporting—all applied across the entire CFO office ecosystem: financial statements, Capex, cash flow, tax management, profitability analysis, and more.
What is the difference between FPM and a financial ERP system?
An ERP system manages day-to-day operations (invoicing, accounting, payments), while the FPM focuses on strategic and tactical management: budgets, scenario simulations, consolidation, profitability by business line, etc. They are complementary. Nova integrates both worlds.
What exactly does financial performance management measure?
It measures key indicators such as profitability, operational efficiency, budget compliance, liquidity, and cost per business unit. At Nova, we use customized models that allow us to analyze these KPIs in real time.
What tools are used in an FPM solution?
We work with market-leading solutions: Oracle EPM, OneStream, Jedox, and others. These tools are available in the cloud and incorporate native artificial intelligence capabilities. We make recommendations based on your needs, available budget, and digital maturity.
How long does it take to implement an FPM system?
It depends on the scope. The first phase typically lasts between 8 and 16 weeks, with functional deliverables from the very beginning. At Nova, we use an agile methodology to ensure results from the start. We build relationships based on trust by providing long-term support for your finance department’s digital transformation.
Is it possible to start with just one solution (e.g., Cash Flow)?
Yes. We can implement a modular solution: for example, just profitability by customer or just cash flow planning. You can then expand as your organization grows.
Who should lead an FPM project within my company?
Ideally, the CFO or Controller, in collaboration with IT and operations professionals. At Nova, we support you in building your internal team and managing change.
What specific results can I expect from implementing FPM services?
- Reduction in monthly closing time by up to 60%
- Eliminating Manual Errors in Reporting
- Greater visibility into margins by product or channel
- Improved Strategic Decision-Making
What does it mean to manage financial resources wisely?
This involves using FPM tools to plan, model scenarios, allocate costs correctly, and anticipate risks. At Nova, we help foster that culture of proactive management.