Upload
gill-goddard
View
14
Download
0
Embed Size (px)
Citation preview
Budgeting, Planning & Period Closes
Faster, easier, secure and flexible
July 2016
02/05/2023 2
Why Financial Driver?• Spreadsheets are great
– Flexible– Familiar– Free– Pervasive– An easy starting point
• But– Difficult to scale– Difficult to maintain– Security
• ‘who sees what’ difficult to manage• Not easy to lock closed periods and keep periods open for update
– No version control
© Financial Driver
02/05/2023 © Financial Driver 3
Benefits• Flexible• Scalable• Workflow saves precious time• Easy to implement & update• Easy consolidation • Easy to maintain• Accountant influenced design• Little or no training needed• BPM at an attractive price
02/05/2023 4
Reliable, Flexible & Secure• Simple, user-managed structure• Reflects your organisation• Intuitive user interface
– Existing accounting staff can manage with minimal training
– End-users contribute through intuitive spreadsheet-like forms
• Secure, multi-user access to a single data store
• Flexible data collection– Spreadsheet-like user input forms– Multiple ledgers– Other external data– Multi-currency and multi-company
• Respects International Accounting Standards/UK GAAP
• Powerful reporting and analyses• Optional export to spreadsheets
© Financial Driver
Easily tailored to your needs• Accounting staff can easily set up
– Organisational structure– Easily managed user rights
• Contributor• Approver• Consolidator• Administrator
– Scheme of Accounts– Product and Services Groupings
• Provides multiple views based on a single database for
– Sales & Marketing– Production and logistics– Financial managers– And others
• Standard reporting from Financial Driver• Plus export to spreadsheet where
needed• Workflow accelerates the speed of each
budgetary cycle• Easy standard Consolidation for
– budgets and forecasts– Month/quarter/annual closes
Secure Web Access
Centrally HostedDatabase
Central ReportingModel
Secure Web Access
Financial Driver
Workflow
Currency
Conversion
Consolid
ation
Spreadsheet-li
ke
Data entry
Data fil
e
Mapping & load
ing
Local cu
bes
Spreadsheet
access
Web ac
cess
Online reporting
OLAP cube
02/05/2023 6
Multi - dimensional
© Financial Driver
Dimension 3:Cost Centres
Dimension 1:
AccountsDimension 2:Months
JanFebMarQ1AprMay
Cost Centre ACost Centre BCost Centre C…
Company Total
Spreadsheets have three dimensions: row, column, sheet
Financial Driver has six dimensions:Cost centre, account, year, month, version, other
02/05/2023 7
What does that mean for me - Sales
© Financial Driver
Actual sales of product P110 made in the Wales in May 2015
Easy to use & IntuitiveAll data held in central database controlled by a secure logon for immediate review and consolidation.
Users alerted by email when input or approval is required. Users provided customised views for data entry and review in a familiar spreadsheet environment. Example below shows locked ( white) and open cells for data entry ( yellow)
02/05/2023 © Financial Driver 9
Reviewers can see their department’s submissions and status
Reviewers can see status of submission for each region under their control
Reviewers can select and review each worksheet which is locked whilst users are still working on data.
Once approved Reviewers have option to send email to contributors with any comments
Consolidators can see the status of submissions at any time ….
… and quickly view any data held for any version or view data in online reports
Integrated Workflow eases consolidators’ workload
Calculate and ConsolidateMake adhoc or batch calculations receiving emails once complete
02/05/2023 12
Administrators can easily manage users and organisation
© Financial Driver
02/05/2023 © Financial Driver 13
Online Formatted Reports
02/05/2023 14
Export to Excel for reporting if necessary
© Financial Driver
02/05/2023 15
Standards & Capabilities• Cloud Solution
hosted on standard Microsoft platform
• Microsoft SQL• Microsoft Analysis
Services• Java, C++, HTML• .NET
No practical limit• Multi company• Multi currency• Ledger Agnostic• Multi Levels
– in organisation– product families
• but at extreme may impact performance
© Financial Driver