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Financial Management

2M can help agencies bring together financial information from a variety of systems across the enterprise, yielding comprehensive results that are on time and "on the money." Our solution integrates data management and financial intelligence with the finest online analytical processing in the industry, allowing you to view your organization from any perspective: bureau, agency, geographic site or other category.

With 2M, federal executives can fully integrate financial management into the agency's strategic planning, budgeting and mission evaluation processes, producing a clear statement of financial management goals and objectives. As part of a total approach to performance management, 2M gives organizations the power to monitor, analyze and report on financial information ... and use the information to drive strategic decisions and manage financial risk.

2M Financial Management improves the accuracy, relevance and timeliness of financial plans, budgets and reports while promoting the alignment and execution of strategy.

2M Financial Management includes two integrated functional components:

  • Planning – allows finance executives and other key finance department personnel to embed advanced 2M analytics into budgets and plans for more accurate forecasting of future operating results.
  • Financial reporting – provides the unique capability to consolidate multidimensional information on demand while performing all financial calculations relevant to the reporting and planning processes, thereby enabling organizations to close their books more rapidly.

Using these powerful components, departments and agencies will be able to:

  • Create more frequent, accurate forecasts. 2M allows an organization to create plans and forecasts which can easily be updated in response to changing business and operational circumstances. As a result, forecasted earnings expectations can be released with greater confidence, and the continuous process of managing strategy execution is enabled and shared across the enterprise.
  • Ensure financial transparency. 2M provides a transparent environment for managing financial and operational data in order to produce timely, accurate and relevant reports. This transparency is achieved by extending control of information horizontally across the enterprise and vertically between transaction-oriented systems and the higher-level financial management system.
  • Publish reports more quickly. Because of the growing need to publish accurate reports more quickly, 2M significantly reduces the time required to produce and publish financial reports. On-demand consolidations, which simultaneously incorporate any necessary currency conversion, eliminations, ownership adjustments and allocations, can reduce the time and cost necessary for financial consolidations.
Financial Management Support Services
  • Database Design and Development (Oracle, Sybase, MS Access, SQL Server, My SQL)
  • Database Administration (Oracle, Sybase, SQL Server)
  • Data Mining & Data Warehousing (Business Objects, Informatica)
  • Software Development utilizing Visual Basic, Access and Oracle RDBMS, JAVA/J2EE.
  • Business Process Analysis and Re-Engineering Services
  • Online Analytical Processing (OLAP)
  • Financial Management System Software Product Evaluation and Selection Support
  • System Testing & Evaluation / IV&V Functions / Training
  • System Documentation Development
  • Budgeting, Strategic Planning and Performance Evaluation
  • Accounting operations support / CFO Report Preparation
  • Cash, G/L, Credit Management, and Funding Reconciliation
  • Development and Implementation of Client-Server based Financial Management Systems

2M wins a contract from the Department of Transportation to provide solutions to manage Oracle Financial applications, analysis and reporting.... >> more
2M is awarded a contract to design, implement network (Voice, data and video conferencing) for a US foreign office... >> more
Farm Bureau selects InsuranceIsland for providing cutting edge technology for agents in Michigan for quoting, rating and issuing Auto policies... >> more
2M Software Associates was recognized by FETNA, a South Indian community organization, as one of the top 10 firms with a South Indian CEO... >> more
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