FAQs

Q: Does EMS offer integration of multi-standard accounting, budgeting, reporting, analysis, and forecasting?
A: EMS offers complete integration of the critical functions that will help senior management evaluate, select and communicate strategic plans. The Whole Business Thinking approach encourages operational management to develop tactical plans that adhere to the strategic plans of the company. EMS highlights plans that are working and have worked well in the past, as well as plans that have not met objectives.

Q: Is EMS an enterprise-wide application?
A: Yes – EMS addresses the needs of financial and non-financial managers across the enterprise. It utilizes the company’s organizational structure and strategic plans to build business models for planning and analysis. EMS is accessible by the entire enterprise, from shipping clerks to CEO’s. Web access capabilities allow users to gain access to important reports and monitoring tools from any location with an Internet connection.

Q: How does EMS automate the processing of data?
A: By utilizing real time transactions, EMS is able to provide timely information to senior management and those responsible for monitoring and disclosing company performance information. EMS utilizes a number of financial ratios in developing and analyzing strategy effectiveness.

Q: What kind of reports does EMS provide?
A: Users of any sophisticated enterprise-wide software application can become inundated with data. EMS provides meaningful analysis tools and standard accounting reports based upon actual data. EMS will automatically generate balance sheets, income statements and cash flow statements. EMS will also automatically generate reports such as the 3DBT Matrix and the EMS Chart for more in-depth analysis.

Q: Does EMS support collaboration?
A: The power of EMS lies in its focus on bringing non-financial and financial managers together to use a single integrated management tool. EMS integrates with existing e-mail, instant messaging and intra/inter company communications systems.

Q: Can EMS provide triggers for monitoring and notifying users when metrics fall outside of strategic thresholds?
A: As strategies develop and either fail to meet predefined thresholds, or exceed plan, EMS will notify significant stakeholders of the status of the strategy. For instance, if the company has an Accounts Receivable Turnover Strategy of 35 days or less, EMS will provide a notification to management if this strategy is exceeded.

Q: Does EMS provide auditing functions that support corporate governance initiatives and mandates like Sarbanes-Oxley?
A: The Embedded Audit Module provides external auditors the capability of reviewing hundreds of financial ratios without affecting the data within the system. The ratio reports are generated automatically based upon predefined formulae designed by the auditors.

Q: How does EMS differ from most ERP solutions?
A: ERP solutions, while doing a fine job of integrating back end systems, fall short when it comes to managing and implementing strategies. ERP systems collect transaction-oriented data from a host of different departments within the company and help improve efficiency. Reports are generally financial in nature.

EMS offers the operational efficiency advantages of ERP but goes a step further in that it is designed to use common metrics for analysis and planning. EMS provides both financial and non-financial measures and reports.

Q: What kinds of non-financial measures does EMS help with?
A: EMS can provide support for such non-financial measures as:

  • Employee commitment
  • Relations with suppliers and other external “stakeholders”
  • Product/service innovation
  • Customer satisfaction
  • Brand strength
  • Product/service quality
  • The quality of corporate governance and management processes
  • The company’s impact on society and the environment

Q: What kinds of system platforms are needed to run EMS?
A: Coming Soon