Alex Chua, Infor Solutions for Financial Consolidation, Reporting and Analysis

Transcription

1 Alex Chua, Infor Solutions for Financial Consolidation, Reporting and Analysis Wouldn't it be nice to spend a relaxing afternoon knowing you have made the best business decisions?

2 Issues Confronting Finance We need clear and simple audits trails on our month end adjustments for our auditors Currency has a huge impact on our business, we need an efficient way to remove its effect to analyze our operational results We need to collect and consolidate information from 20 different GLs Closing my books takes too long Inter-company eliminations are taking too long to process in spreadsheets I need to ensure we have accountable, transparent, and predictable business processes We can t wait until the end of the month to get a picture of how our business is doing

3 Infor: Performance Management One Source Web Scorecard & Dashboards Excel Alerts Report Books Direct Align Control Strategy Strategy Planning Budgeting Consolidation Forecasting Execution Process Workflow and Compliance OpenLink EIF Integration EIF Smartstream Syteline BPCS WMS CRM BAAN Sun Account E:Serie s M:Serie s Smart- Stream System 21

4 Performance Management across the organization CEO COO I need to CFO see progress on our strategic CMO objectives Set Direction Establish the key objectives of the company Jim, Define sees the that strategies 93% of to the strategic achieve the plan objectives in on track and customer satisfaction is a risk area and the managers involved Define key indicators and measures to assess performance Infor PM Strategic Management Assign accountability for the strategies and measures EVP HR

5 Performance Management across the organization VP Marketing VP Finance I need to ensure VP that our Sustainability plans are being executed and our revenue VP Operations forecasts are reliable VP Sales Set Alignment Determine and define the operational tactics and financial plans to achieve objectives Oliver, established a forecast and pipeline benchmark, validated it with historical data, and compares it to field forecasts Allocate funding/budgets for department managers to achieve objectives Ensure manager accountability for the tactics and Infor plans PM Forecasting

6 Performance Management across the organization Marketing Controller Bus. Unit Finance HR I need to ensure we have the Controller right numbers from all of Sales our subsidiaries and identify holes quickly Purchasing Plant Services Facilities Warehouse Control Processes Drive tactical execution of funded programs Lou, Ensure identified budget that numbers compliance have changed in the UK at the last minute and that an update was needed, preventing incorrect results from being reported Provide forecasts on key drivers and measures Make adjustments to programs that are not working, and emphasize those that are Infor Financial Consolidation

7 Changes in organisation structures Combine financial information to one standardized view Company A Consolidated, Inc. Handle multiple currencies and determine exchange impact Facilitate multiple hierarchies Management reporting Statutory compliance Company A, Asia Company A, Pacific Provide audit compliance Vietnam China Singapore NZ Australia Close the books faster

8 Changes in ownership Share Capital and inter-company eliminations Automatic consolidation of associates, JV s and calculation of Minority Interest Company A Consolidated, Inc. Adjust for ownership issues Pro-forma reporting, acquisition and disposal handling Company A, Asia Company A, Pacific Primary and Secondary business segmentation ONE Source Vietnam China Singapore NZ Australia

9 Management Dashboard

10 Consolidation Status

11 PM Consolidation One Source Integration with disparate systems Simple & Complex Ownership User defined Journals automated/manual Powerful hierarchies Strong audit reports and reconciliation Consolidate ACTUAL, BUDGET & FORECASTS

12 Infor PM: Closed Loop Performance Management

13 Budgeting Allocate resources to achieve strategic goals Streamline budget submission approval process Manage multiple budget versions with ease and security

14 Planning and Forecasting Planning See possibilities with flexibility and control Understand changes Project Project What-if scenarios Forecasting Leverage scenarios to see impact Adjust Reduce risk Adjust your expectations to change

15 Automate Processes with Clear Audit Trails flash Report results through flash reports throughout the month reports Report a full audit trail on all consolidation adjustments rate Manage the impact of rate fluctuations on your business fluctuations Automate multiple rollups that understand complex ownership circumstances and inter-company transactions

16 Performance Management across the organization Marketing Sales Bus. Unit Finance HR I need daily updates on my top Controller selling products, sales rep forecasts, Sales and sales pipeline by risk factor Purchasing Plant Services Facilities Warehouse Control Processes Drive tactical execution of funded programs Harry, Ensure can see budget his forecast, top selling compliance products, pipeline Provide and risks, forecasts and on top key account drivers representatives and measures daily Make adjustments to programs that are not working, and emphasize those that are Infor MyDay

17 Answers 1 st set of questions!

18 Performance Management across the organization Production Planner Cost Estimator Collections Fleet Transport AR Coordinator I need a comprehensive Business Analyst view Shop of top Supervisor outstanding invoices, Maintenance Planner and correlate Payroll outstanding invoices Collections to the related products Warehouse Coordinator Field Technician Production Quality Inbound Quality Employee Benefits Optimize Tasks Execute efficiently and effectively Beth, identified her top outstanding invoices and correlated them to a product line, and can now change the Report payment progress terms on to address key the measures issue Infor Decisions Leverage information to make the best decisions possible

19 Decisions supports the Train of Thought to use any answer as a start for further analytics

20 Right Information at the Right Time Reporting & Analysis Perform detailed analysis on the Web or in Excel alerts, color coded exception reports, charts, adhoc calculations, pivot-table rotation Drill-down from account balances back to the details stored in other source systems Scorecards and dashboards

21 Infor PM Customers - Value Brought To Life We now measure performance, at the manager level, against the strategic plan End of month close process reduced from 100 manual hours down to 3 hours Reduced time to report to team leaders from 3 4 weeks to 2 3 days Eliminated manual rekeying of data from subsidiaries Created and distributed more management reports tailored to specific business unit needs Reduced the time to report key information from the subsidiaries to less than one day Improved close process from 5+ days to a virtual close (less than 2 days)

22 Why Infor? We make software better. Infor s innovative solutions mean Better solutions Better value Better results 22

23 Thank you for your time Are there any questions or comments?