ARRAY Development's EDCS Profit™ is an executive decision and control service, simple to use yet powerful, that enhances corporate accounting and financial reporting systems. It ensures full accountability of the corporate financial reporting to the executives, the Board and investors. Our original methodology radically improves work effectiveness by supporting rapid and profitable business growth. Resulting continuous and measurable advancements in the corporate finances help the corporates to achieve strategic goals and the 'Best in Class' status.

Our new service typically targets North American corporations, with the annual revenues of $2 to $500M or with 10 to 500 employees, that commonly deploy QuickBooks as their principal accounting system (a modified version of the service is also available to the users of other accounting packages). It is critical that the corporate CEO/top decision maker has been strongly committed or externally compelled to the urgent change in the corporate business model. The project typically positions CFO as a proactive driver of profitable corporate growth. However, it is not about us conducting accounting or installing additional complex technology.

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EDCS Profit™ advanced methodology is based on the solid foundation of general and tax accounting, complemented by our special expertise and extensive experience. It is intended to realize substantial cash benefits for the clients. EDCS Profit™ Executive Dashboard extracts critical decision making information from the corporate financial and management data, thus improving work effectiveness and guiding innovation and performance growth.

For a typical mid size North American corporation, EDCS Profit™ Project Offering has potential to pay for itself within 6-9 months of the project completion and to achieve strategic, consistent and quantifiable profit improvements (typically 5-10%)* after that. This is especially important at the time of radical change and risky alternatives characteristic of the emerging business paradigm.

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First, a best-fitting COA is being custom designed for the client corporation as an individualized hierarchical set with the standardized numeric accounts. At the second phase of this project, based on this 'ultimate COA', the existing QuickBooks COA is being modified and block coded to become more suitable for digital financial analytics, operation optimization and management, as well as for strategic executive decision making. The resulting financial statements describe more accurately the evolving corporate business model and its potential for ongoing growth, improved profitability and long term sustainability.

At the third phase of EDCS Profit™, the project concentrates on reengineering comprehensive management reporting. The optimized COA is used as the powerful enabler for improved and credible standard financial statements, such as the General Ledger, Cash Flow, Profit and Loss, and the Balance Sheet.

At the fourth phase, based on the obtained more accurate corporate financial statements, it is possible to produce consolidated financial statements that permit monthly and annual historic comparison of financial results. Also included are business plan and profitability projections, based either on the historic trends and/or on the introduction of new product offerings.

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The final fifth phase presents EDCS Profit™ Executive Dashboard. Its primary goals are to define and exhibit the metrics for managing and growing your business and to provide numeric granular accountability and transparency in the graphic language that non financial executives can easily understand and act upon. The Dashboard includes an Executive Decision and Control Scorecard with critical indicators and ratios whose meaning is easy to comprehend, with the graphic representation of the historic financial statements, both monthly and annual; most important data representing critical trends and state of the corporate regulatory compliance.

This top view covers improved product line projections, key performance indicators, cost/benefit and 'what if' profitability analysis and facilitates risk management. Effective transactional analysis highly specific to your company might include comparison of ROI and profitability with the leading competitors; ensuring that your company does not overpay taxes, or revealing the levels of over- or under-collateralization of individual loans.

The Dashboard data have been presented as succinct as possible, optimized for management decision making by particular executive users and highly customized to explore only specific action focused issues. Data that are not directly relevant to the company's individual situation or are not of much critical value to its executive recipients are being excluded.

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EDCS Profit™ is primarily offered in partnerships with the accounting firms that support mid size corporations, as well as with the banks, VCs and corporate reengineering experts that prepare companies for profitability improvements, help to attract investments and IPOs,conduct M&A, Supply Chain Finance and factoring.

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• Many companies 'leave much money on the table' due to the challenges of their financial reporting. Research shows that inefficient accounting and financial reporting system is among the major barriers for corporate growth, lower taxes or obtaining investments. EDCS Profit™ helps corporate executives and the board address profitability and sustainability issues in the long term and consistent way.
• By implementing EDCS Profit™ - a management oriented customized analytical service - corporations can support achieving strategic, consistent and quantifiable profit improvements (typically 5-10%)* or expound the acquisition value of an undervalued company.
• EDCS Profit™ helps to ensure full accountability of the corporate financial reporting to the executives and the Board.
• For money strapped corporations, a modest investment in EDCS Profit™ might result in the substantial improvements in the corporate bottom line, obtaining banking credits or preparing the company for M&A.
• Powerful but simple to use by the executives. You can use your existing accounting system, whether on the network or online. There is no need to install complex technology.
• EDCS Profit™ customized analytical service can be set up precisely for client's individual needs. Our approach is focused on the evolving business patterns of the company's growth.
• EDCS Profit™ new analytical service for the mid size corporations has been introduced in the North America for the first time. Previously, such a comprehensive specialized service was only available to large multinationals.
• EDCS Profit™ Executive Dashboard provides numeric granular accountability and transparency. The Dashboard data have been presented as succinct as possible, optimized for management decision making by particular non financial executive users and highly customized to explore only specific action focused issues. Data that are not directly relevant to the company's individual situation or are not of much critical value to its executive recipients are being excluded.

*Note that exact results might vary depending on the implementation. Please inquire.

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• Bank of Canada
• ABN AMRO/Banco Real
• Bank of Montreal
• Bell Canada
• BMO Nesbitt Burns
• Caisse depot et placement du Quebec
• CIBC
• Citibank
• IBM
• National Bank of Canada
• ScotiaBank
• University Bank
• Whitney National Bank
• Alterna Savings
• Nortel Networks
• Bell Canada
• Treasury Board of Canada
• Public Works and Government Services Canada
• Canada Post Corporation
• Canadian Revenue Agency
• Agriculture and Agri-Food Canada
• Statistics Canada
• Canada Economic Development for Quebec Regions
• Canadian Centre for Occupational Health and Safety
• Canadian Coast Guard
• Canadian Food Inspection Agency
• Canadian Heritage
• Canadian International Development Agency
• Elections Canada
• Environment Canada
• Fisheries and Oceans Canada
• Health Canada
• Industry Canada
• International Development Research Centre
• National Defence
• National Research Council Canada
• Canada Institute for Scientific and Technical Information
• Natural Resources Canada
• Office of the Auditor General of Canada
• Public Service Commission of Canada
• Standards Council of Canada
• Foreign Affairs and International Trade Canada
• Canada Investment and Savings

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