Economic and financial planning models are based on operating budgets and allow the company to build reliable scenarios that help them implementing their business strategy. The integration and the intersection of information relating to various processes helps to make decisions that are both organic and in line with business objectives.
Concurrently, the acquisition of the final figures by means of automatic procedures for closing and consolidation allows the financial and operational management to have access to the deviation analyses comparing them to what previously planned in order to implement the necessary corrections that may be needed to maintain the business objectives.
The corporate communication to shareholders, partners, public authorities and banks takes place through institutional reporting. Therefore it is fundamental for financial statements to be reclassified in compliance with accounting principles and national and international accounting standards (IFRS , GAAP).