London (PRWeb UK) September 7, 2009
A revolutionary online tool is set to redefine how large businesses track and forecast the benefits of complex cost reduction programmes and merger initiatives. As well as bringing unprecedented simplicity and structure to benefits tracking, it costs up to two thirds less than conventional methods and reduces the time spent managing such processes by as much as 40%.
With major cost-cutting, business transformation and consolidation programmes underway globally, the arrival of qantif, a secure web-based platform developed by business consulting and technology firm, Concentra, will not only generate cost and time savings but make the complexities of the benefits tracking process much easier to manage.
Crucially, its user-friendly dashboard removes the need for multiple financial spreadsheets and ensures data is always correctly structured, updated in real time and easily accessed by the appropriate people. No other software solution enables companies and management consultancies to centrally manage, track and forecast financial benefits in such a consistent and systematic manner.
With data often coming from several systems and many sources, it is surprising that the majority of large companies still use spreadsheets as a core benefits tracking and reporting tool. Consequently, with multiple spreadsheets being used across multiple programmes and projects, there is very little consistency and efficiency in the way financial information is captured and reported. This lack of consistency all too often results in a lack of accuracy and executive confidence in the delivery of a successful programme.
qantif can be easily integrated into existing systems within an organisation and supports any scale of cost reduction programme, however many separate initiatives are involved. The key features of qantif include:
- Total consistency of information: all contributors input their data through the same online portal rather than via individual spreadsheets, ensuring accuracy and providing a clear audit trail
- 30%-40% reduction in time spent managing the benefits-tracking process
- 15%-25% reduction in time spent fulfilling the benefits-tracking process
- Configuration and deployment in as little as two weeks -- 8-10 weeks less than conventional benefits-tracking tools
- Layered security and reports filtering, so people only see the data necessary to their specific project and receive only relevant reports
- Cost savings and other benefits can be tracked against targets in real time
- A simple sign-off process for each submitted cost reduction initiative
- Reports generated by the tool can mirror an organisation's P&L structure
Ben Scott Knight, Director at Concentra, comments: "Tracking the benefits of cost-cutting programmes and merger integrations isn't always seen as the sexiest job in the world and generally won't be the core function of the people doing the work. But qantif makes it much simpler, far more accurate and significantly less time-consuming.
"We've found that large organisations often have more than one cost reduction programme running at any one time. Each programme can involve numerous spreadsheets, each of which might have half a dozen versions created by various people.
"This haphazard process hardly lends itself to accurate data and increases the likelihood that mistakes will be made in the benefits-tracking process and sent on to the board. With qantif, the consistency with which data is captured, managed and reported to the board or external investors removes this problem altogether. Senior management can immediately identify successes and potential benefit shortfalls.
"qantif makes light work of even the heaviest data, enabling users to see exactly what they need to do based on their roles and responsibilities. And crucially, at a time when every penny counts, it delivers immediate time and cost savings to the companies and management consultancies that make use of it. If you're cutting costs across your business, you should be reducing the costs of your benefits-tracking processes, too."
Contact Concentra to find out more about advanced benefits tracking technology and software -- and qantif.
For more information, please contact:
T: 07595 221604 | 020 8670 4920
Concentra is a UK-based business consulting and technology services company, serving clients across a number of economic sectors. Founded in 2005 as a software development company, it has since evolved, leveraging the experience of a team of analytical-driven management consultants based on the need for technology to fuse with business strategy to deliver quantifiable, ongoing business benefit.
Concentra teams deliver value to customers by designing, building, deploying and supporting customised and integrated products that can boost profitability, streamline operations and improve collaboration.
Solutions from Concentra use the latest management consultancy, advanced analytics, application development techniques and support in order to help companies manage complexity. We work with a wide range of companies across many industry verticals, with a particular expertise in healthcare and financial services.