In the face of increasing market and customer demands, growing regulatory complexity, and rising internal expectations, businesses are continuously pressured to explore new strategies to cut back-office costs and improve efficiency. With transaction volumes increasing exponentially, however, throwing more resources at the problem is no longer an effective or sustainable solution. And with staff mired in mundane, low-value tasks, engagement is on the decline at a time when focusing on analysis and increasing productivity is more important than ever.
Cut period-end accounting by days and improve data integrity at the same time. Accelerate, automate and track the entire close process. That means less manual data entry, better accuracy and more time for value-added analysis. All of your data is stored in a secure database and updated in real time, reducing the need for manual data entry. And because you can integrate ePic with any ERP or G/L system, users won’t need to work across multiple platforms or risk keying errors. You’ll improve the accuracy and integrity of your data and eliminate issues with data sanity and control. Users can drill down all the way to transaction-level detail for in-depth analysis.
Budget Forecasting and Variance analysis is a necessary evil, as you close the month or year. In fact, unless you understand what your variance is comprised of “closing the books” for the month is a non-starter. If you require 100% accuracy in your plan as your basis for meaningful variance analysis, you need something other than excel. The BFR/BVR automated reporting in ePic is your answer. For the best, most accurate approach to planning and thus variance analysis ePic has built in financial and operational logic, and synchronizes your key financial reports, so that your data are consistent throughout. After all accuracy and efficiency is what you’re looking for as a basis for analyzing your variances.
Our quarter-end closing process is much more streamlined after implementing RPM, and we are able to focus more of our time on analyzing the results.The entire HOC team was very pleasurable to work with while implementing RPM. They went above and beyond to ensure we reached the right solution.
RPM significantly improved our month-end close and quarterly reporting process, by retrieving trade data from Aligne and automatically mapping the information to designated general ledger accounts in SAP. The result significantly increased our operating efficiencies (and internal controls). We no longer have to order late night dinners during the month-end close!
The best part of working with HOC is their support. If you open a ticket, it gets addressed almost immediately. They're always available, and if we need something customized HOC gets it done, no question asked. They helped us reduce reporting time from a week to a single day
Efficient, effective, auditable, flexible and scalable are the keywords that come to mind in describing the benefit of deploying the RPM solution to automate the preparation of financial reporting footnotes and disclosure tables. Not only did we see a significant reduction in the cycle time to get external reports out, now we can prepare the ASC 815 and MD&A footables for any accounting period close accurately and within hours of the risk or accounting system being refreshed with new records
We never really signed on because of the platform, there are platforms all over the place. Like any solution, they're customizable, it's the team you sign up for.
HOC provided excellent knowledge and guidance while building SEC disclosure in the RPM system. They provided us with staff that was experienced and could help us navigate through our current process and find solutions to implement into RPM. HOC is punctual in their response time and recognized the urgency of accounting timelines. The success of our implementation started with HOC and their staff.