Financial Overview and Next Steps René Bergkamp Vice-President of R&D, Financials, QAD QAD Explore 2012

Financial Overview and Next Steps

René BergkampVice-President of R&D, Financials, QAD

QAD Explore 2012

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The following is intended to outline QAD’s general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, functional capabilities, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functional capabilities described for QAD’s products remains at the sole discretion of QAD.

Safe Harbor Statement

Financial overview and next steps

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• The Effective Enterprise• QAD Enterprise Financials• New in QAD Enterprise Financials 2012• Financial Report Writer• What is next• Questions

Agenda


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“An Effective Enterprise is one where every business process is working at peak efficiency and perfectly aligned to the company’s strategic goals. ”

Effective Enterprise


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• 1990’s: Implementation of ERP/Finance systems reduces average cost of operating a finance department relative to a company’s revenue

• Since then limited improvements in efficiency- Increased compliance costs- Change in drive towards improving companies

performance

• Change of focus to effectiveness- Efficiency and effectiveness can clash

Effectiveness of Finance

Financial overview and next steps: Effective Enterprise

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• Reducing complexities and risks involved in global roll-outs

• Simplifying budgeting, reporting and closing

• Enabling global regulatory compliance• Delivering best practice business

processes• Enabling & promoting greater efficiencies

Effectiveness of Enterprise Financials

Financial overview and next steps: Effective Enterprise

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QAD Enterprise Financials


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Enterprise Financials


EnterpriseFinancials

FixedAssets

Logistics Accounting

Vertex Sales andUse Tax Interface

EnhancedControls

Governance, Risk & Compliance

Allocations

BudgetingMulti-GAAP

Tax Management

GeneralLedger

Accounts Payable

Accounts Receivable

MultiCurrency

Banking/CashManagement

CostManagement

Financial Shared Services

Management Reporting

Financial Analytics

ConsolidationsCredit

Management

Internationalization

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• Key capabilities- Multi GAAP/COA/Currency reporting- Shared services support- International regulatory compliance- Internal controls

• Examples of effective enterprise metrics affected:- Closing time- Days sales outstanding - Days payables outstanding - Operating cash flow / sales ratio - Segregation of duties violations

Enterprise Financials

Financial overview and next steps: Enterprise Financials

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Over 120 Companies Live

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Enterprise Financials: Live Implementations


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Enterprise Financials: Planned for 2012


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• Multiple options- Technical migration (1:1 conversion)- Reload master data in new database- Re-implementation- Mix-mode

• Session “Migrating from SE to EE”

Upgrading to Enterprise Edition


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What Is New In Enterprise Financials 2012?


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• Financial Report Writer• Customer requested enhancements

- Cost center analysis limitation

Efficiency Improvements

Financial overview and next steps: New in QAD 2012 EF

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• Portugal - Decree 363/2010

• France - Customer mass payments enhancements

• Mexico - Exchange rate for taxes as payments

• Columbia - Supplier Invoice & tax excluded

• USA - Vertex 4.0

Supporting the Globe


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• Brazil- Tax substitution in business relation- PO shipper/fiscal receiving un-confirm

• Argentina, Brazil- Supplier withholding tax- Withholding tax support in banking entry

and open item adjustment

Supporting the Globe


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Financial Report Writer


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• Objectives- Single solution

for effective GL reporting

- Real time- Multi-domain- Consolidated- Chart Translation- Currency Translation- Multi-GAAP


Financial overview and next steps: Financial Report Writer

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Balance Sheet


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IFRS Balance Sheet


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Build and run flexible reports- Flexible report hierarchies- Flexible row & column definitions with in-line

calculations- Reusable analysis codes

Based on harmonized data in a reporting cube- Across multiple COA, currencies, GAAP- Optimized for reporting inquiries

Main Features


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Build and Run Flexible Reports


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ReportCube

Reporting Data

Report

ReportAnalysis Codes

ReportTree

ColumnGroup

Report Master

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Based on Harmonized Data in a Reporting Cube


ReportCube

ReportingCOA

Report Calendar

Presentation Currency

Source domains

Source domains

Source domains

Source domains

Source domains

Report ChartMaintenance

COACross-Reference

Cube DefinitionMaintenance

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Report Tree for a Sales Report


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Europe

France01….

Americas

USA01…

Asia

China01Japan01

…

Global Sales

Sales Auto

Sales Pack

Sales Auto

Sales Pack

Sales Auto

Sales Pack

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Report Tree


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Report Tree Excel Integration


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Report Run


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Report Run


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Browsing the Report Cube


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Drill Down to the Source Transactions


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What Is Next?


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• Handling of customer short payments• Allows creation of deductions that can be

separately approved/rejected and further processed

• Two kinds of deductions- Trade promotion related- Standard deductions

Deductions

Financial overview and next steps: What is next

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Deduction Categories


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Processing a Deduction at Payment


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Deduction Review


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Deduction Processing Flow


Deduction Category Deduction Creation at payment processing

Deductions TPM Processing

Deduction Review

DeductionsNormal

Customer Invoices

Deduction write off on

expense account

Open Item Adjustment

Deductions balanced with

other open items

Add/Delete/Modify Details

Reject Approved Write-Off

Approved for Credit

PromotionStandard

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• Business Intelligence- Cubes with consolidated report writer data

become available for QAD Business Intelligence

• Budgets- Budget comparisons in report writer

• Enhanced tree builder- On the fly maintenance and inquiry of analysis

codes

Financial Report Writer Enhancements


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• Web Based• On Demand • Alternative to

Vertex

Tax Interface to Avatax


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• Germany- Auditor certification IDW AuS 880

• Europe- SEPA changes

• Japan/Thailand- Consolidated invoice



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• Ongoing tracking of new requirements• Planning subject to change



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• The Effective Enterprise• QAD Enterprise Financials• New in QAD Enterprise Financials 2012• Financial Report Writer• What is next

Summary


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• Attend these related sessions:- Training QAD Enterprise Financials at Explore

(Thursday afternoon and Friday morning)- Business Intelligence: A Closer Look- Migrating from SE to EE- Business Intelligence Workshop (Thursday

morning)

• Stop by the Solutions Expo

Next Steps


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René BergkampVice-President of R&D, Financials, [email protected]

Questions & Answers


mailto:[email protected]

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www.qad.com© QAD Inc 2012

http://www.qad.com/

Documents

Financial Overview and Next Steps René Bergkamp Vice-President of R&D, Financials, QAD QAD Explore 2012