OIKOS software - Your Partner in Manchester, NH

Our technology goes beyond traditional ERP capabilities. Our solutions increase quality to close and reduce Financial Reporting Fatigue™ endured by financial teams through the reporting and budgeting cycle process thereby allowing focus on more strategic tasks in order to boost departmental efficiency.

Being able to generate reports is a critical element of any financial solution. Management teams necessitate insight. OIKOS Software offers a range of sophisticated financial reporting and analysis solutions in both USA and most International formats.

OIKOS Delta™ – Cash Flow Forecast & Measurement

We offer a sophisticated cash flow forecast and measurement solution driven by working capital quantifiers. Our solution focuses on key performance drivers: forecast of receivables, payables, and inventory time measures which then translate/quantify to actual performance. Trouble-free extraction of data from an existing ERP system compare actual performance results against cash flow forecast.

OIKOS Gamma™ – Planning & Reporting and Analysis

We offer a range of progressive financial reporting and budgeting, planning, forecasting and financial analysis solutions. These are designed to help management teams grip business drivers, take steps to boost performance, driving costs and inefficiencies out of the business.

OIKOS Beta™ – Financial Package Reporting

We offer a quality financial reporting package. This is particularly critical to small businesses and/or divisional/subsidiary reporting within large organizations. Our solution provides for insert and edit of all management discussion notes allowing flexibility to utilize default built or custom notations that accompany financial statements.

Key Benefits of the OIKOS Financial Suite Platform

Reporting options

We offer integrated financial management solutions. Reports are exported over the web in three different formats depending on the user preference and can be printed. Reports include web-generation and distribution of Excel spreadsheets to end users.

Business performance measurement

Business performance measurement (BPM) determines an organization's behavior. It supports strategic ranges; key stakeholder/shareholder needs, to customer and employee value. While traditionally finance based, inwardly focusing on the performance of the organization, BPM may also focus on the performance against customer requirements and value.

Organizations employ our financial planning, cash flow forecasting and reporting platforms for BPM. This insight provides management teams an understanding of key business drivers, allowing steps to boost performance, and drive costs and inefficiencies out of the business.

Intelligence

BPMs are often linked with corporate strategy and are often derived in order to measure performance against critical success factors. OIKOS Software Financial Suite applications provide enhanced visibility and control.

Want to know more?

Contact us at 1-855-OIKOS 00 to find out more about OIKOS Software, we can help you determine the right solution for you.

Reasonable certainty in an Uncertain world

Because income tax laws are complex and are subject to differing interpretations, there may be Uncertainty about whether a company will ultimately sustain a position it has taken on a tax return.

We offer enhanced reporting analytics for determination of Uncertain Tax Positions (UTP) increasing the transparency of the tax reserve table from a tax jurisdictional perspective including related documentation and disclosures. This is a whole new level of applying FASB ASC 740-10, formerly FIN 48 accounting rules and change in an indefinite reversal assertion (or in the expected method of recovery of an investment in a domestic subsidiary) for disclosure under ASC 275.

USA filers for tax years beginning in 2014 and later, the asset threshold for reporting Uncertain tax positions on Schedule UTP (Form 1120) decreases from $50 million to $10 million. Corporations meeting all other Schedule UTP filing requirements must file a Schedule UTP if total assets equal or exceed $10 million. This asset threshold decrease for 2014 is the final phase of the five-year Schedule UTP filing requirement phase-in. The asset threshold for tax years 2010 and 2011 was $100 million, decreasing to $50 million for tax years 2012 and 2013.

In practice, companies reporting under international standards generally record liabilities for Uncertain tax positions that are not more likely than not to be sustained by using either a probability-weighted-average approach or a single-best-estimate approach. IAS 12 & IAS 37. More discussions to follow.

More due diligence needed

As a road map to potential audit issues, Schedule UTP garners attention. Since the asset threshold for filing has lowered, businesses require due diligence to:

• Determine whether a Schedule UTP is required; and

• Schedule UTP as required determining compliance with disclosure rules.

• Detection risk - explicitly or implicitly consider “detection risk” in the analysis. What is the chance that a particular tax authority actually uncovers a tax position that it may consider aggressive or Uncertain and challenges the business?

• ASC 275 requires disclosures in financial statements of risks and Uncertainties (e.g., use of estimates) that can help users in predicting future cash flows and results of operations.

OIKOS Alpha™

Tax positions vary in complexity and size. We offer a fresh perspective on UTP calculation and measurement. Our advanced analytics go beyond management’s best determination of a UTP. After navigating through an identification decision tree, a user selects then drills into UTP parameters such as factors influencing position, structural type, adjustment/level of impact, and complexity of position. These factual labels lead to calculations of settlement probabilities resulting in a stronger position when recording and monitoring UTPs.

Report tables are downloadable in several formats to accompany a business’s tax provision files. Our program is global, meaning a user can outline a position for most tax jurisdictions.

OIKOS Omega™

Our offering is a UTP inventory builder, sustainable account inventory record builder, sub-schedule tracking, and jurisdictional documentation support reporter in accordance with ASC 740 and ASC 275. In addition, a legal entity organization chart builder allows a user to schematic the entire tax landscape and notations. This platform is a great compliment to the OIKOS Alpha™ solution.

Key benefits of the OIKOS Tax Suite platform

• Best practice methodology to a business’s UTPs

• Better control of tax position; closing disparity leading to potential controversy

• Improves accuracy and reduces error risk

• Improved control of cash-flow related tax matters impacting cash flows and capital resources where discussion within a business’s MD&A may be appropriate

• Strengthens deferred taxes discussion relative to expected timing of future tax cash flows and indication of potential tax costs

• Reduced time and costs through automation process

• Compliance with internal policies through embedded system controls

Want to know more?

Contact us at 1-855-OIKOS 00 to find out more about OIKOS Software, we can help you determine the right solution for you.

Cash is King

We offer enhanced reporting analytics for each of the three stages within the cash-conversion cycle which are the critical working capital performers by engaging our proprietary software to yield powerful financial operational results.

OIKOS Delos®

Our powerful analytic platform enhances forecast process and measurement performance of the receivable to cash-in stage of the cash-conversion cycle not offered by traditional ERP systems. Use of our program enlightens time and value measure, drive down costs, improve service levels and enhance functions affecting day sales outstanding (DSO) lag. The analytics employ a best practice methodology to forecasting and reporting at a defined parameter.

OIKOS Theta™

Our powerful analytic platform enhances forecast and measurement performance of the payable to cash-out stage of the cash conversion cycle not offered by traditional ERP systems. The software allows organizations to better understand their financial obligations to key critical vendors, provide visibility to streamline the procure-to-pay process and integrate it across the business for enhanced efficiency, control and visibility over the days payable outstanding (DPO) lifecycle. The analytics employ a best practice methodology to forecasting and reporting at a defined parameter.

OIKOS Sigma™

Our powerful analytic platform enhances forecast and measurement performance of the inventory to cost absorption stage of the cash conversion cycle not offered by traditional ERP systems. The software allows organizations to better understand: financial obligations to key critical suppliers, provides visibility of cost of the goods/sales process, integrates across the business for enhanced efficiency, and provides control and visibility over the days inventory outstanding (DIO) lifecycle. The analytics employ a best practice methodology to forecasting and reporting at a defined parameter.

Key benefits of the OIKOS Treasury Suite platform

• Better control of budgets and cash-flow

• Improves accuracy and reduces error risk

• Enhanced enterprise-wide understanding of financial commitments and costs

• Reduced time and costs through automation process

• Improved working capital through tighter control of cash-flow

• Compliance with internal policies through embedded system controls

• Improved traceability and control by specified parameter; i.e. division, product, location.

• Improved visibility of the entire cash-conversion cycle

How does OIKOS Software’s Treasury Suite apply the uniform method known as DMA -IC, the acronym known as – Define, Measure, Analyze, resulting in Improve & Control?

Define

OIKOS Software Treasury applications ask the user to ‘define’ the parameters they are measuring. For example, a product line within a region. This first stage sets the context within which application is to be performed.

Measure/Forecast

The second stage is the starting point in which the defined parameters are recorded to baseline the current performance level and constraints of the process to be worked upon.

Analyze/Actual

The third stage reviews the results against forecast to gain an understanding of the cause and effects interactivity within the parameters being measured.

Improve

The fourth stage uses the information found in your analysis and highlights the areas management needs to address and execute solutions. Once the best solutions are developed, they are deployed as an improvement and can be once again measured in the software applications.

Control

The fifth stage focuses on developing control plans and activities to monitor and sustain your improvement. The software applications track progress of the parameters defined under controlled improvements.

Want to know more?

Contact us at 1-855-OIKOS 00 to find out more about OIKOS Software, we can help you determine the right solution for you.

Measuring DSO Traditional method versus OIKOS Delos®