Finit creative solutions for cash flow fx analysis through dashboarding

Creative Solutions for Cash Flow and FX Analysis and Actors Workspace through Dashboarding

August 19, 2016

Christine Ong-Estrada & Greg Barrett

Finit Services

Slide 2

Full Cycle Implementations

Upgrades

Dedicated Support

The Finit Family

Slide 3

Fully aligned with our clients, not just bottom line $

No debt or external ownership

Work with Finit employees, no subcontractors

Compensationbased on CLIENT SATISFACTION

PRIVATELY OWNED

CLIENT SATISFACTION

NOSUBCONTRACTORS

DEBT FREE

Finit Values

Slide 4

Slide 5

Finit Customer Success

Our values, culture, and approach to becoming a trusted advisor to our

customers has led to

100% customer success

for every Finit client (250+) and for every Hyperion and OneStream project (800+)

Slide 6

Some Finit Customers

Questions

Slide 7

About the Presenter

Slide 8

Christine Ong-Estrada([email protected])

Certification/Education

• MBA – Business Administration (Babson College)

• BSC – Business Management

• BSC – Information Technology

• HFM Certified

Experience

• 3 years with OneStream

• 11 years with HFM

• 11 years with FDM

• 15 years of EPM / CPM experience

mailto:[email protected]

Agenda

Slide 9

• Audit View (3D) Cash Flow

• Actors Workspace

• Dynamic FX Analysis

• Guided Reporting

Cash Flow Reporting Needs

• Indirect cash flow method

• Tabular format reporting (Accounts in column and Cash Flow activities in row or vice versa)

• Accounts cash flow activities audit report

• List of accounts per cash flow activity

• Need to verify change in account is equal to its cash activity

• Need to verify total accounts net activities equal the cash movement

• Ability to enter comments

Slide 10

Cash Flow Audit Reporting Solution

Slide 11

• Metadata structure allows tabular format reporting

• Automated cash flow calculations and manual cash flow adjustments

• Customized cash flow dashboard solution• Task list for cash flow preparation process

• Allow users to select parameters for specific task

• Instant cash flow statement view

• Generate cash flow reports and audit reports

3-D (Audit View) Cash Flow - Metadata

Slide 12

• CF Accounts representing balance sheet summary accounts

• CFL Flow members representing cash flow activities

• Origin dimension for data source (Import for calculated data, Forms for Adj)

Cash Flow Dashboard Solution

Slide 13

1. Corporate Use Only

Slide 14

• Administrator’s checklist for out of balance entities and incomplete cash flow schedule

2. Out of Balance

Slide 15

• Checks for new summary accounts and other errors in trial balance

2. Out of Balance Report (in balance)

Slide 16

• Checks for new summary accounts and other errors in trial balance

3. Activity Check (Local & USD)

Slide 17

• Checks incomplete cash flow schedule• Detailed data entry schedule (Local and USD)• Comment boxes available

3. Activity Check Demo

Slide 18

4. Calculations

Slide 19

• Auto cash flow calculations• Explains the cash flow activity calculations

5. CF Worksheet

Slide 20

• Tabular format worksheet• Local Input tab for local currency adjustments• USD Adjustment tab for USD adjustments

5. CF Worksheet - Demo

Slide 21

6. Cash Flow Statement/ Reports

Slide 22

• Cash Flow Statement, audit reports and commentary report

6. Cash Flow Statement by Account

Slide 23

• Cash Flow Statement by account

6. Cash Flow Statement - Consolidating

Slide 24

• Consolidating Cash Flow Statement – Select Entity

6. Comment Report

Slide 25

• List activities per account and comments entered

More Cash Flow Audit Reporting

• Drill down by entity, cash flow account or activities

• Drill down with formula explanation (source accounts and calculations)

• Link related cube views or reports

• Done by simply right clicking on a cell then selecting

Slide 26

Audit Cash Flow Reporting - Demo

Slide 27

Confirmation Rule for Cash Flow

Slide 28

• Checks each entity/each cash flow account for out of balance

Audit View Cash Flow

• Admin Maintenance Required • Add new summary accounts to ensure all accounts are covered in

the cash flow

• Make sure trial balance data, rollforwards, override entries are complete

• Check all entities’ cash flow tie

• Additional auto calculation in cash flow (if required)

• Can be attached to a workflow as dashboard or form

• Use confirmation rule to check that all accounts tie for all entities

***Minimal maintenance required for Admin

Slide 29

Actor’s Workspace

What is it?

Actor Workspace (AWS)

• OneStream solution

• Available in XF MarketPlace

• Predefined dashboards for different user types:• Executive

• Controller

• Administrator

• Install with Close Manager (another OneStream solution in XF MarketPlace)

• User friendly

• Easy navigation to workflows and reporting solutions

• Administrator messaging capability

• Close schedule

Slide 31

Accountant Workspace

• Customized workspace for accountants

• Easy one-click access to current workflow

• Easy one-click access to workflow status

• Message board

• Close schedule

• Easy navigation to reporting and analysis solutions• Guided Reporting

• FX Analysis

• Cash Flow

• Excel Reporting

• Training / Videos

Slide 32

Accountant Workspace

Slide 33

Admin Workspace

Slide 34

Admin Workspace

Slide 35

Accountant Workspace - Demo

Slide 36

Extensible Document in Dashboard - Demo

Slide 37

Dynamic FX Analysis

Dynamic FX Analysis Solution

Slide 39

• Ability to select Scenario, Year, Period dynamically.

• FX Analysis @each account level

• FX Analysis @ each foreign entity

• Use the base exchange rate and not use derived rate when calculating Performance Variance.

FX Analysis Dashboard – Set POV

Slide 40

• Allows users to select the Compare and Base POV.

FX Analysis Dashboard – Demo Set POV

Slide 41

FX Analysis Dashboard - Report

Slide 42

• Select Entity and Account

• View Average Rate and Closing Rate used


Slide 43

• Select Entity

• Lists selected account groupings


Slide 44

• Select Account for consolidating view of Performance variance, FX variance and Total variance


Slide 45

• Consolidating view of FX Variance by selected financial statement


Slide 46

• Balance Sheet analysis of Performance and FX Variance


Slide 47

• Income Statement analysis of Performance and FX Variance

Guided Reporting

Guided Reporting

• XF Marketplace Reporting Solution

• Objects consist of dashboards and cube views

• User-Friendly and dynamic reporting tool

• Streamlined reporting solution

• Can be customized according to client’s reporting requirements

• Minimal user training (minutes, not hours)

Slide 49

Guided Reporting

Slide 50

Questions ?

Slide 51

Thank You for Attending!

Slide 52

Today’s Presenter:

Christine Ong-Estrada

[email protected]

General Questions:

Greg Barrett

[email protected]

Copy of the slides or Recording:

Email us for a copy of the slides or a link to the recording

[email protected]

Past webinars:

www.finit.com/webinars

Follow us on Twitter for updates:

@Finit_Solutions




http://www.finit.com/webinars