Ellipse Financial Management provides world-class comprehensive, global financial management specifically developed for asset intensive industries.
The Solution
Ellipse Financial Management provides a complete, end-to- end solution for financial management to meet the needs of finance and accounting managers, IT professionals and senior executives. Ellipse Financial Management fully consolidates the diverse activities of asset-intensive organizations, promoting efficiencies at every level.
Ellipse Financial Management facilitates the following activities and business processes:
Cost management
this function provides the end user, whether they be an Asset Manager, Maintenance Manager, Project Manager or Chief Financial Officer, cost information relevant to their role within the organization without the need to view the full Chart of Accounts. Cost management is fundamental to the integration of Ellipse modules providing balanced, uniquely identifiable transactions that are categorized and centrally stored. A single transaction database provides economic and efficient data storage and transactions that are fully auditable.
Chart of accounts
provides flexible configuration and is tailored to meet the reporting needs of asset-intensive organizations. It supports cost reallocation processes for automation of month end reporting, the ability to integrate operational information/statistics with General Ledger functionality and support for multi-currency, budgeting and statistical analysis.
Projects
designed to provide extensive project costing, control and reporting functionality from both a financial and project management perspective. Period, annual and life to date costs are displayed hierarchically, including graphical representation, and these hierarchies can be independent of operational reporting structures.
Contract administration
designed to support the management and administration of works contracts, this feature provides rigorous contractual control mechanisms that improve visibility of contracts in time and financial dimension