Table of Contents
Introduction
In today’s fast paced digital world, the task of managing your corporation’s finances is no easy task. You may be the Chief Financial Officer who is directly responsible for reflecting all of your company’s financial data at a board meeting. You may be the CEO and you have a pressing need to see accurate and immediate metrics of your company’s financial performance.
The problem today is that your financial data is disaggregated and torn between different departments. Multiple Excel files as well as numerous Google spreadsheets can take time to analyse and are always in the midst of being completed.
The problem has now been solved with Mosaic. They have built a financial software platform that is about to revolutionize your company’s financial management.
What is Mosaic?
Mosaic is a new and innovative financial Software Platform. It has been designed by Mosaic Tech to be easily deployable, a fast way to analyse your company’s data as well as mapping its strategic performance.
There are two key features that Mosaic will provide in managing your company’s finance. These two areas are Analytics and Planning.
Mosaic Analytics
As someone who has worked using Amazon web services, one of the great features that Amazon has are their metrics. These are analytic data that shows you immediately how well your products are performing in their sales and in revenue. Convenient percentages show the rate of your return.
However, if you’re not on Amazon or your financial services are spread across different platforms, Mosaics analytics will provide you graphs and charts that will help analyse your data immediately.
It will aggregate data, across different software applications that you’re using so can see how different departments are functioning. There are useful performance alerts that will show you urgent financial changes in your data as well as preparing data for your monthly planning cycles.
Mosaic Planning
When your finance performance data is spread across a range of accounts, it’s very hard to distinguish immediately what is doing well and what isn’t. Illustrations that show what is doing well and what isn’t could be spread across different powerpoint slides and it is hard to show immediately what accounts need attention.
The planning feature with Mosaic Finance will give you a tab for each account, telling you that there is an optimistic scenario, or a negative scenario. It will help you in predicting outcomes.
If you have a goal in mind of reducing a budget, Mosaic’s planning feature will accommodate that goal. The software will provide you with a tab to show you a bar of how close you are to achieving that goal. Mosaic’s AI will give you predictive reporting and your finances will be easier to interpret.
Why Mosaic fills a desperate need.
There are so many features that Mosaic offers to streamline your corporate finance, that it’s very hard to define the vast array of financial functions it provides. Analytics and Planning are it’s two key areas, but it also has another function. This function is known as Integration.
Let’s face it, all of our different departments are using different cloud based software platforms. The sales team are using Salesforce. Your marketing and customer service team may be using Hubspot. Your accounting department is using Intuit Quickbooks.
There are 3 different platforms that you need access to at once. An urgent board meeting doesn’t give you time to login to all the different platforms and aggregate all data and immediately give you forecasts on how each team is performing.
Mosaic will lift all information from these platforms and provide all the data in one dashboard. The dashboard will then give you recommendations. The integration of all these platforms is why Mosaic is called ‘Mosaic’. Each department and it’s financial data are a little coloured tile. Mosaic is the art piece when all these little coloured tiles are brought together.
Who are the Team behind Mosaic
The team that have built this company and designed this platform, garnered their expertise whilst leading the financial team at Palantir. For those who aren’t aware of who Palantir Technologies are, they are a major publicly listed American software company that specializes in big data analytics. This is why Mosaic is so well poised to provide software to help every corporation. It will help every CFO enhance their role and their position. The team leaders and builders of this platform are already coming from a background in building software which provides great data analytics. Palantir’s annual revenue is in the hundreds of millions of dollars. The team that were instrumental in Palantir’s success have now built Mosaic.
The software is immaculate, impeccable and deserves much attention.
