I’ve long recognized the need for a robust, responsive, and economical all-in-one consolidations and financial reporting tool; one that can be used for analyzing actual results, as well as for budgeting and planning. CFR satisfies that need.
Naperville, IL (PRWEB) November 02, 2016
Brilliant Idea Software LLC is proud to announce the release of CFR, a corporate performance management solution designed to handle all aspects of complex financial consolidations and reporting processes. An acronym for Consolidations and Financial Reporting, CFR collects data from across the entire enterprise, enriches that data via customized calculations and consolidation rules, translates all foreign currencies, and flexibly eliminates inter-company balances. With CFR, results can easily be analyzed using Microsoft Excel. CFR is architected to interface with an organization’s existing ecosystem of BI and reporting tools. CFR is a Microsoft-centered software solution that works over the web, and can be self-hosted or set up to work through a cloud-based services provider.
CFR’s lead developer, Russ Damske, is a CPA and MBA with more than 35 years’ experience in various consolidation and financial reporting development capacities with leading technology companies like Cartesis/Business Objects and Hyperion Solutions/Oracle. His depth of experience as a leader and as an individual contributor in BI/BPM consulting and software development provide the domain expertise necessary for Brilliant Idea Software’s customers to successfully deploy applications and technologies for improving business performance.
According to Russ, “The market is changing rapidly. The big players in the CPM arena are pricing their cloud-based consolidation and financial reporting solutions well beyond the reach of most mid-sized, and some larger, business enterprises. Without adequate analytical tools it’s getting harder and harder for them to compete and grow.”
He goes on to say, “I’ve long recognized the need for a robust, responsive, and economical all-in-one consolidations and financial reporting tool; one that can be used for analyzing actual results, as well as for budgeting and planning. CFR satisfies that need.”
Pricing will vary depending upon several factors, such as number of users, volume of metadata and number of site locations. Customers can also expect to incur reasonable charges related to training, design and implementation. Still, overall costs for CFR will be roughly one tenth to one quarter of what other solution providers are now charging for their CPM solutions, many of which are not nearly as robust and feature-rich as CFR.
Currently, Brilliant Idea Software still has openings in its Client Partnership program. For a limited time only, the company is giving away free standard licenses of CFR to qualifying organizations. Their only responsibility will be to pay for training and implementation, and to report back on their progress. For information on how to qualify for this program, please visit the website at http://www.BrilliantIdeaSoftware.com.