Jasmin Dorsett, CPA, CMA

Principal Consultant

Judy Correia, MBA

Solution Architect

Integrated Financial Planning

Agenda

• Objectives

• Integrated planning definition

• Overview of various types (with

demos)

• Tips to improve the overall process

• Q&A

Objectives

• Integrate multiple elements of the

planning process in Prophix

• Think outside of the Balance Sheet/P&L

box

• Expand the planning process beyond

the Finance Dept

• Take advantage of functionality

already available to you

Examples of Plan Data Types &

Parameters

• Operating expenses by expense account

and cost center

• Sales by account (sales and COS),

product and/or customer and/or sales

person

• Personnel expenses by payroll expense

account, employee and cost center

• Capital expenses by account (cost and

depreciation), asset and cost center

Models & Model UsageFinancial Model

Report by: Account (B/S, P&L, CF)

Cost Center/Line of BusinessMonthVersion

Time Perspective

Budget expenses by:Expense Account

Cost Center/Line of BusinessMonth

Plan/Forecast Version

Used to consolidate all planning elements/type

by:Account

Cost Center/Line of BusinessMonthVersion

Sales Model

Report by: Account (Rev, COS, stat)

ProductCustomer

WeekVersion

Time Perspective

Budget revenue by:Account (rev type, stats)

ProductCustomer

WeekPlan/Forecast Version

Models & Model Usage

Production Model

Report by: Account (COS, stats)

ProductLine of Business

WeekVersion

Time Perspective

Budget COS by:Account (cost type,

stats)Product

CustomerWeek

Plan/Forecast Version

Personnel Model

Report by: Account (personnel,

stats)Employee

Cost Center/Line of BusinessMonthVersion

Time Perspective

Budget employee expenses by:

Account (payroll, stats)Employee

Cost Center/Line of BusinessMonth

Plan/Forecast Version

Plan Data Flow

Financial ModelSales Model

Production Model Personnel Model

Rev, COS

Sales UnitsCOS Indirect and SG&A Labor

Direct Labor

Budget OwnersBudget Owners

Data Entry

Personnel Planning

Demonstration

Recap

• Multi-model systems:

– Allow for planning based on different

dimensions

– Can be consolidated to produce total

company plans/reports

– Allow for detailed reporting at various

levels

Integrated Financial Planning

Resources • Solutions Page http://www.prophix.com/solutions/integrated-financial-planning/

• Case Study http://resource.prophix.com/en-casestudy/Interstates-Companies-In-Depth-Profile.pdf

• Press Releasehttp://www.prophix.com/news/using-prophix-cpm-to-transform-planning-into-a-decisive-competitive-advantage/

• Bloghttp://www.prophix.com/blog/harness-the-infinite-value-of-your-companys-information/

• Customer videohttp://www.prophix.com/who-uses-prophix/manufacturing/

Prophix Resources

• http://support.prophix.com

• https://feedback.prophix.com

• https://www.prophixacademy.

com

• http://documentation.prophix.c

om/p11help/en/

Questions?