Over 500 companies worldwide use FINANSEER as a powerful and flexible solution to:
- analyze performance,
- create and evaluate business plans,
- value corporations or divisions,
- price acquisitions and divestitures and
- assess financing strategies.
|  |
But more importantly FINANSEER incorporates EVA, the "economic value added" financial framework developed by Stern Stewart that is now used by many of the most successful corporations worldwide to improve corporate performance, motivation, and stock market value. Moreover, many fund managers and leading investment houses now use EVA for equity analysis and investment selection. Because FINANSEER incorporates the EVA methodology in addition to traditional cash flow and earnings perspectives, it provides insights more than any other financial analysis software available.
|
In short, FINANSEER is used by CFOs, Controllers, Treasurers, corporate finance executives, strategic planners and asset managers to address the challenges of financial analysis, planning and valuation. FINANSEER addresses these challenges with powerful solutions that ultimately provide the benefits of smarter decisions and increased shareholder value.
|
The Power of EVA
At the heart of FINANSEER is Stern Stewart's proprietary value-planning concept, EVA (Economic Value Added), which is the cornerstone of Stern Stewart EVA Consulting Services and is increasingly recognized as an invaluable performance measure and management tool.
|
EVA is an estimate of true economic profit after subtracting the cost of capital. Because EVA incorporates the cost of capital in its analysis, it presents a clearer picture of corporate and management performance. Possessing a rich heritage in economic theory. EVA effectively captures and integrates all of the ways that managers and employees can contribute to shareholder value: operating efficiency, growth and innovations, balance sheet management, business restructurings and financial policies.
|
FINANSEER allows you to analyze and evaluate a corporation or corporate division from an EVA perspective; it's a more useful perspective than that gained from traditional measures. That's because EVA presents a more comprehensive picture than conventional accounting measures alone -- EVA integrates the cost of capital into its assessments of performance.
Additionally, EVA gives managers a clear picture of how their performance can directly increase the economic value of a firm.
|
How can you Benefit from FINANSEER 4.0?
FINANSEER Goes to Work
FINANSEER has the power and range of features to be an essential forecasting and strategic planning tool for your business. In addition to EVA-based economic analyses, you can generate a complete array of conventional accounting statements and ratios. And while there's a great deal of flexibility in creating the analyses and reports, FINANSEER maintains accounting integrity throughout your work.
|
Point-and-Click Simplicity
FINANSEER's intuitive Windows® interface makes it remarkably easy to use. You can concentrate more on your real work -- analysis, forecasting, and planning -- and less on software.
|
With FINANSEER's History Editor, recording historical financial data is simply a matter of following easy-to-understand on-screen instructions. With its custom mapping capability, FINANSEER makes it easy to import both historical and forecast data from financial databases or Microsoft Excel files or even from a corporation's financial reporting system.
|
The Power of Flexibility
FINANSEER tools for decision making and planning are not only powerful, they're also flexible. The Forecast Editor, for example, offers 14 different standard forecasting methodologies. The FreeForm module allows you to create custom forecasting methodologies and formulas. What's also important, FINANSEER makes comparing the resulting forecast scenarios easy too.
|
Cost of Capital Made Easy
Besides its power, simplicity and flexibility, FINANSEER also offers a high level of detail -it provides a comprehensive look at a firm or division. The integrated Assess Business Risk database, for example, allows you to estimate the unleveraged beta for a public or private company, or division and thus calculate its cost of capital.
|
Another FINANSEER integrated database, Bond Rater, enables you to predict the ensuing senior and subordinated bond ratings the firm is likely to receive for a given financial strategy scenario. For most companies, Bond Rater estimates a company's senior bond rating to within one rating of Standard & Poor's published rating.
|
Most important to developing the models from an EVA or Net Present Value perspective is the Cost of Capital Calculator. It provides a worksheet for calculating the weighted average cost of capital according to your target capital structure or adjusting it to reflect annual fluctuations in capital structure.
|
The Treasurer allows the user to set forecast objectives and specify how FINANSEER handles surplus cash and cash deficits created by your strategic plan. Treasurer also enables you to see how financial policies and capital structure assumptions affect a firm's value. With Treasurer you can set a target debt/capital ratio, pay down debt or repurchase equity.
|
Putting It All Together
In addition to the system functionality noted above, FINANSEER also offers a Consolidations module that allows you to put your analyses into a larger context. It does so by letting you roll up a number of divisional financial statements into a parent company format. You can also choose to create an eliminations file to isolate assets at the corporate level.
There's no better way to tap the strategic planning value of EVA than with FINANSEER. It's easy to use. It maintains complete accounting integrity. It helps pinpoint key EVA drivers. It shows the impact of a strategic plan on an unlimited array of valuation parameters. By itself, FINANSEER is a powerful analytical support solution that readily allows managers to see the impact of their decisions on shareholder wealth.
|