Today’s business management is as diverse as your tasks, but the control tools have often remained the same. Whether you’re managing transformation programs, implementing cost-saving programs, or managing your foreign subsidiaries, the era of hand-crafted reports is over. With the digital management report, we offer a comprehensive information cockpit for all opportunities and risks of your company. With the digital status report, you receive all essential information on a dashboard in real-time and react faster by saving time through the automatic aggregation of information.
During the current economic crisis, more and more companies are implementing restructuring or cost efficiency programs. In addition, the existing IT landscape is being rebuilt to offer new products and digital services in the future. We can manage transformations and efficiency programs on a risk/opportunity basis with our digital management report. Management thus has an overview at all times of the effects of delays in IT transformations, the degree of implementation and financial added value and counterpart of cost measures, or the status of major restructuring programs.
One company – one location or globally distributed group structures. The digital management report has a modular structure and is individually scaled based on the company’s requirements. Locations or subsidiaries can be connected with individual depth of detail and with individual solutions. For example, for an international engineering company, the control processes of a site in the Middle East can be monitored. Still, only the key financial figures are aggregated from the site in South America. For a local utility, governance can be represented across all affiliated companies, such as local bus companies or pool companies, and legal risks can be managed for all companies together.
All required data is captured at the source systems and aggregated via our software platform. The tedious manual exchange of data between sites and companies is no longer necessary. The automated provision of data thus makes it much easier to manage investments.
With the digital management report, the relevant data is available to decision-makers at various levels of granularity and as real-time data. Decision-makers thus get a quick overview of the company’s actual situation – from its financial position to its supply chain – current data on production and employee presences to possible risks due to legal changes. The digital management report is thus a 360-degree management tool. Decision-makers thus sustainably reduce risk costs since, for example, delays in the supply chain can be assessed immediately, and the appropriate measures can be taken.
All employees work on the same database but with individual frontends. For example, different dashboards can be provided for finance managers or controlling managers than for legal managers. Our customers particularly appreciate the pyramidal structure of the software with the ideal level of abstraction per management level. Thus, individual management reports are possible, up to the complete management report according to §289 HGB.
Companies function with existing systems and processes. Thanks to its high level of interoperability, our digital management report complements the existing landscape and intelligently links information from different systems. This means that optimization in corporate management can be achieved very quickly compared to replacing systems. Components can supplement missing components in the previous development from our software platform: Internal Control Systems, Risk & Action Management, Business Continuity Management, Process Management or the Management of Digital and Physical Assets.
A home office does not stop at management levels. That’s why, with the digital management report, we offer a Management 4.0 tool for digital management of the entire company – no matter where you are.
Lockdowns during Covid-19 lead to significant sales declines in much of the German industry. We network your demand instruments with operations to enable market-based planning.
How can operations be sustained when critical employees are down or physical presence is not possible? The digital situation report has business continuity management to respond immediately to failures using contingency plans.
During the initial lockdown, the vulnerability of industry supply chains to delayed border clearances and gene closures became apparent. The digital status report enables identifying the impact of country risks on supply chains and the efficient management of risks.
The global Covid-19 pandemic has shown how quickly entire industries change. Real-time information on new laws and restrictions, the definition of new measures (e.g. hygiene measures), the tracking of measures and local adaptation in corporate groups led many companies to their operational capacity limits. Companies that have effective tools to assess risks to their business model, core processes, employees and suppliers have a clear competitive advantage during Covid-19 through their ability to respond and adapt more quickly.
The German Federal Office for Information Security (BSI) noted that cyberattacks are becoming increasingly frequent and complex. While business models in large parts of the German industry are still physical, the threat is predominantly digital. Highly complex and bimodal IT landscapes with, on the one hand, mainframe systems from the 1980s and 1990s in combination with cloud-native solutions provide attack surfaces for cybercriminals. With IT asset management and process management, among other things, we offer the possibility to simulate system failures and attacks to analyze vulnerabilities and the effects of cybercrime and to take appropriate measures.
Today, especially in small and medium-sized companies, information is obtained manually when preparing management reports or the management report required under Section 289 of the German Commercial Code (HGB): for example, by evaluating various financial, accounting and sales systems. The aggregation of data is often done manually, which increases the susceptibility to errors. The process often drags on for several months and ties up internal and cost-intensive external resources.
To capture the company’s situation more quickly and cost-effectively selectively, the information gathering process must be automated. This is achieved by connecting all relevant systems via interfaces, the structured collection of input data, and the standardized preparation in the digital management report. The input systems continue to exist as data masters, and the digital management report is the central control instrument based on the decentralized systems.