Frequently Asked Questions
• Who should
use Enterprise Value
Management
(EVM) system?
• What are the instant benefits of using
Governance One EVM?
• Do I have to be trained as a financial
specialist
in order to use EVM?
• How is Governance One EVM different
from other
budgeting and planning tools?
• How does EVM Executive Edition enable
collaboration between those responsible for strategic planning?
• What
are the system requirements of EVM?
• How to install EVM Executive
Edition?
• How to install EVM and data
files on a network?
Q. Who should
use Enterprise Value Management (EVM) system? A.
Business owners; start-up founders; entrepreneurs;
corporate executives; financial personnel; merger
and acquisition specialists; investors; bankers;
financial consultants; business advisors, etc.
In other words, all those who have a stake in the
ownership, management, financing or advising of
businesses and those who employ a value mindset
to ensure, manage, measure, monitor, encourage
and support that maximum value is realized.
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Q. What are the instant benefits
of using Governance One EVM? A. With
Governance One EVM, you can perform all of
your key planning and performance management
functions such as strategic planning, forecasting,
budgeting, consolidations, financial reporting,
performance analysis and business valuation
using one flexible and integrated platform.
• Cost
Reduction. According
to research report form Accenture, 80 percent
of companies are dissatisfied with their
planning and budgeting processes. The study
further cited that financial directors
ranked budgetary reform as their top priority
due to the time-consuming, costly, slow
and unresponsive nature of traditional
budgeting. While growing, companies' financial
support processes get unwieldy and expensive.
No one can waste time and money perfecting
support functions that demand growing investment
in technologies and training. With the
cost of budgeting, strategic planning and
performance management software easily
reaching six figures, Governance One's
EVM is an affordable solution at an unbeatable
value. With the capabilities and features
EVM has, executives can focus on value-creation
activities while reducing time and cost
of their financial operations.
• No
programming. Governance
One has taken care of all of the financial
accounting and programming drudgery associated
with business financial modeling, allowing
you to focus on important issues such as
possible business growth strategies and their
effect on your finances and the value of
your business.
• No More Spreadsheet
Hassles. Many
organizations find their spreadsheet systems
frail. Spreadsheets are great as personal
productivity tools, but disastrous as financial
planning, budgeting, and corporate performance
management systems. Spreadsheets only provide
a single view of the organization. Changing
or analyzing data takes huge amounts of
time and runs the risk of being wrong due
to undetected errors. EVM takes the planning
process beyond spreadsheet, dramatically
reducing planning cycles and increasing
forecast accuracy and data integrity.
• Effective
Communications. Discussion
and negotiations between parties
centering on resource allocations,
performance evaluation, and company
valuation, can be compressed
into a fraction of the time it
usually takes to act out the "battle
of the forecast". As a result, communications
and understanding are improved and professional
advisory fees are reduced.
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Q. Do I have
to be trained as a financial specialist in order
to use EVM?
A. No!
But you'll probably become
a very good financial and business
analyst as a result of using
EVM.
Governance One EVM offers best
practices functionality in budgeting,
forecasting, and strategic planning.
Since EVM is an easy-to-use value
management tool, any user with
value mindset can just follow his
business sense to succeed in using
Governance One's EVM system.
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Q. How is Governance One's EVM different from other
budgeting and planning tools?
A.
Organizations exist
to deliver certain value.
Companies use a tremendous
amount of time, effort,
investments, assets
and resources. So it makes
perfect sense for every
business to ensure,
manage, measure, monitor, encourage
and support that maximum
value is realized.
However, with the cost of budgeting,
strategic planning
and performance management
software easily reaching
six figures, continuous
strategic planning
and creating shareholder
value become the privilege
of big enterprises.
In order to address the
needs of under-served
executives and financial
professionals in small
and medium-sized enterprises
who are looking for
an affordable value management
solution, Governance
One rolls out EVM Executive
Edition setting itself
apart from other tools
in the market in following
aspects:
• Powerful built-in
best practices functionality
• Affordable and no extra
consultation required
• No IT people needed
• Easy
to implement and ready to serve
• Link performance
objectives with company valuation
• Enhance effective
value communications
• Enable executives' focus on
key value drivers
• Facilitate
continuous strategic
planning
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Top
Q. How does
EVM Executive
Edition enable collaboration
between those
responsible for strategic planning?
A.
Typically,
line managers create
their budgets
in isolation. This
can often
result in gaming to
maximize their share of
resources,
regardless of what is best
for the organization.
With EVM,
e xecutives may discuss top-down
goals and
value-driven forecasts in
financial terms and business
unit managers
may translate the overall
company goals
into daily action plans.
By combining
top-down strategic planning
and financial
modeling with bottom-up
executable
plan forming as a
continual process — with
common value drivers
and assumptions — businesses
can change operational
plans rapidly and
efficiently, while
identifying and
analyzing the gaps
in between. Because
of EVM's rolling
forecasting features,
managers are encouraged
to collaborate,
working together
to implement business
strategies as efficiently
as possible.
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Q. What are the system
requirements
of EVM?
A. Minimum
System
Requirements • Operating
System: Windows
98, ME, NT 4.0,
2000, or XP
• CPU:
Intel Pentium III
800MHz or faster
processor, or other
comparable processor
• RAM:
128 MB or more.
Users running XP
should have at
least 256 MB or
RAM
• Hard
Disk: 37 MB free
hard disk space
is required for
installation Recommended
System
• Operating
System: Windows
2000 or XP
• CPU:
Intel Pentium III
1GHz or faster
processor
• RAM:
256 MB or more
• Hard
Disk: 2GB free
hard disk space
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Q.
How to install
EVM Executive Edition?
A.
Before
beginning
the installation for
EVM, close all applications.
From a CD-ROM: To
initiate the installation for EVM, insert
the CD-ROM into the drive.
The installation will automatically begin.
To manually initiate the installation
process, select Start , Run and
type D:\SETUP ,
then press
ENTER or
click the OK button.
If you
are installing
from a
CD-ROM drive
other than
D, substitute
the appropriate
drive letter.
Follow the
instructions that
appear on
the screens
as you
begin the
installation.
From a download file: Double
click on
the download
file and
follow the
instructions.
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Q.
How to install EVM and data files
on a network?
A.
The recommended
setup for
a network
is to
install the
program to
a local
drive on
each workstation
and store
the .evm
data file
on the
network drive.
Installing the
program locally
and accessing
the data
from the
network will
ensure faster
processing. Different
users may
store their
own .evm
data files
on their
local drive
to perform
different forecasting
or analysis
based on
different assumptions
or scenarios.
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