Customer Success Stories
“With the introduction of Governance One's EVM in our
company, we have made strides in completing budgeting and forecasting
in weeks. Generally, our budgeting process took us two months
to gather costs, prioritize products and build scenarios for
future years. With EVM, our front line managers are able to identify
profitable product lines and effectively focus internal resources
around them. Now my finance people can provide me the variance
analysis reports real time, which used to take them 2 weeks after
month-end to come out those reports. It also became easy to control
our operational expenses by prioritizing our internal projects.
Revenue driven products and projects were identifiable as the
impact of each could be seen on the bottom line.”
“EVM is an ideal and easy to learn software
for small to medium-size companies that are struggling to budget,
forecast and plan to make use of the right opportunity. Once
my sales and operation managers had built in a revenue and
cost model for our company, the results of each decision were
accurately drawn and plotted on the financial statements through
a behind the screen automated accounting calculation.”
“Governance One's EVM gives me the financial
advantage in easy and logical steps. It provides me with the
knowledge I need today to project my company's revenue and
profits for the next 5 years.”
Spencer Lambert
Appro Technology, Inc.
“My job as a financial manager is a central
point between departments, managers and company executives.
I have worked in several companies from different industries.
My daily tasks require coordination and cooperation of all
the managers and departmental heads. Delays often occur due
to absence of a structured environment that easily connects
tasks from gathering information to reporting information.”
“Governance One's EVM is an easy-to-understand,
hands-on tool that transforms data into consolidated reports
through its unique features like product costing, revenue generation,
automated accounting and rolling forecasts. Every aspect of
financial statements is accounted for through defined menus.
The organization headcount and chart are effectively designed
to reflect operational costs in real time. Now I spend more
time building scenarios, simulation modeling and analyzing
business situations which will maximize our profits.”
Christina Ma
Ukom Corporation
“The greatest strength of EVM is that it allows our company
to easily forecast the resources we need to meet our investor's
expectation. Our parent company asked us to generate over $xx
million dollars revenue in the year 2006. There was no way in
knowing whether or not we could meet that goal. We could only
hope that by continuing our operations we could accomplish the
goal. With the implementation of Governance One's EVM, the forecasts
indicated that it would be impossible to meet this goal unless
we received another $xx million in long term financing. Our proposed
plan now included recommendations to achieve the financing and
was met with approval by our parent company. With the help of
EVM, our company was on our way to meet that goal. Less than
$300/month to invest in EVM goes a long way in making millions
ahead….that's what I call a good deal.”
Teresa Hackman
Test Research, Inc.
“When I heard that I have to learn a financial
software that will revolutionize our corporate growth, my reaction
was “Isn't
that my sales department's job”? I prepared myself to fill out
dead boring templates that usually have been a standard to forecast
sales. However, once I downloaded the EVM software, I was impressed
with its intuitive interface. I was able to categorize products
into relevant product line, product packages and product items.
I could even forecast several years' revenue by different sales
regions and customer segments.”
“Our business is based on providing IPLC and
VPN services and selling Internet content subscriptions to
our customers. Our pricing model is re-occurring in nature.
I was astonished to find a pricing model that completely matches
our business need. To generate revenue forecast, it takes into
consideration new accounts, old accounts and a % turnover of
accounts that happen periodically.”
“The revenue from the sale of each product could be calculated
through a detailed ‘bottom-up' approach or an easy ‘top-down'
approach. I was also able to prioritize my internal projects
and rate them in order of preference. EVM has saved us information
costs, reduced transaction costs, and enabled us to use the time
saved to conduct value-added analysis. I can also view revenue
forecast data generated by several criteria. I have improved
my sales strategy by identifying products with higher gross margin.
My decisions are now backed by financial figures, which are not
just revenues but costs associated with it.”
“EVM provides real value to any business and
it is an absolute MUST for anyone who wants to have a growing
business.”
Liwen Chen
Chunghwa Telecom Global
“Our business is inventory and product driven. With millions
of dollar annual revenue, m anaging our cash was becoming difficult
every month….until I discovered Governance One's EVM!”
“EVM's intuitive interface enabled me to think
and lay out my plan without any outside IT support. I did not
need a finance expert either. EVM laid out the dynamics of
my plan into easy to understand financial reports. The immediate
short-term benefit was that I was able to interpret and improve
our cash cycle. We were facing longer cash cycles due to longer
inventory and receivable periods. EVM has enabled us to spot
cost overruns and production problems before they grow and
cause significant losses. It opened a new front for us by identifying
the key factors undermining our growth.”
Scott Lien
Tidalink Corporation
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