Ellipse Financial Management

Complete end-to-end visibility of financial information
Ellipse transforms simple, single-entry financial data into meaningful information for managing project costs, job planning, asset cost of ownership, project capitalization, statutory reporting and compliance.
Ellipse provides complete transparency of financial transactions, making auditing and analysis simple. Month-end reporting, the ability to integrate operational information and statistics with General Ledger functionality, and support for multicurrency budgeting and analysis all drive greater accounting process efficiency. Supporting IFRS and Sarbanes-Oxley compliance, Ellipse is the ideal tool for organizations operating across multiple geographies or in a single jurisdiction.

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