Manufacturing and Production
Industry Challenges
When it comes to planning and financing, the manufacturing and production industry has unique challenges such as:
EFI´s Unique Solutions for the Manufacturing and Production Industry:
- Complexity of planning sales, discounts, deductions, and promotions
- Complexity of production and inventory planning, and the derived financial calculations in the financial statements of the production and sales costs
- Difficulty integrating overall expenses in planning
- Difficulties in low-level profitability analysis (product / customer), mainly in the budget and rolling forecast
EFI´s Unique Solutions for the Manufacturing and Production Industry:
- Full support for planning sales, discounts, discharge, and promotions at every planning variation
- Production plan that is derived from the sales plan and other parameters
- Future financial calculation for every value in the costs of sales, costs of production, and inventory to the end of each planning period
- The pricing module and the profitability module serve as an integral part of the planning modules. This results in:
- Analysis of the profitability at lower levels (product / customer)
- Analysis of the profitability up to the highest centralized levels of profit centers and cost centers
- Getting every analysis for the budget and rolling forecast version, as well as on actual data, with full adjustment to both the predicted and the in-practice financial statements
- The projections for funding finance expenses and finance income are an integral part of the budget and rolling forecast, and come pre-built with all of the financing income and expenses components.