HFM DOCCUMENTATION System 9 supports these features. It is web based application that delivers global collection, loading, extracting, financial consolidation, reporting and analysis in one highly scalable solution. Features of HFM:- * Powerful multidimensional analysis identifies and reports new sources of profitability and Cash flow at corporate, cost center, product, brand, customer and channel levels. * Flexible "what if" scenario management features dynamically consolidates and reports all financial budgets, forecast and plans. * High volume, preformatted repots deliver timely, accurate financial information for internal management and external regulatory. * Customizable and extensible application solves your issues quickly and cost effectively, Using industry standard tools. * Architected for the web so users can easily and securely access global financial information from any location, using standard web browser. Dimensions:- Data in HFM stored across these dimensions. Dimensions are parameters or pointers to an amount. There are 12 dimensions. 1)Scenario 2)Entity 3)Account 4)Period 5)Year 6)Value 7)View 8)Intercompany 9)Custom1 10)Custom2 11)Custom3 12)Custom4. Scenario:- It represents set of data such as Budget, actual or forecast. Entity:- It represents the Organizational structure of a company.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
HFM DOCCUMENTATION
System 9 supports these features. It is web based application that delivers global collection, loading, extracting, financial consolidation, reporting and analysis in one highly scalable solution.
Features of HFM:-
* Powerful multidimensional analysis identifies and reports new sources of profitability and Cash flow at corporate, cost center, product, brand, customer and channel levels.
* Flexible "what if" scenario management features dynamically consolidates and reports all financial budgets, forecast and plans.
* High volume, preformatted repots deliver timely, accurate financial information for internal management and external regulatory.
* Customizable and extensible application solves your issues quickly and cost effectively, Using industry standard tools.
* Architected for the web so users can easily and securely access global financial information from any location, using standard web browser.
Dimensions:-
Data in HFM stored across these dimensions. Dimensions are parameters or pointers to an amount. There are 12 dimensions.
Mandatory Attributes: default frequency, default view, security class, support process management, default frequency for IC transaction, default parent, zero view for non adjustment, zero view for adjustment.
If we have any other data we use these two customs.
Application Settings:
Application settings are not a hierarchy – not even presented as such – but rather they control. How the application works and enable some of the functionality.
Mandatory Attributes: default currency, default rate for balance accounts, default rate for flow accounts, ICP Entities agg weight, default value for active, validation account, consolidation rules, noad security, max cell text size, max doc attachments, max number doc attachments.
Consolidation Method:
Consolidation methods are used to provide settings for various types of consolidation that Address various ownership requirements.
Mandatory Attributes: consol method, to percent control comp, to percent control, percent consol.
Load Metadata:-
Load the data. If any errors are there those errors are shown in log file.Then we modify the errors and reload that data.
In windows client select load metadata.
In workspace first open the application for load metadata, extract metadata, data forms, data grids etc.
It typically extracts all metadata options into a single file, make the changes and then do replace loads.
In workspace select tasks > extract tasks > extract metadata
Explore Metadata:-
After loading metadata we can see all the data in explore data and also enter the values regarding point of view selection.
In windows client select Explore data.
Database Management:-
In this any modification is required for data we have to modify in this. If you want copy the data from one scenario to other scenario and clear data also done in this database management.
Member list:-
It is used to see the data and modify the data. It is done in explore data. Member list is available for all dimensions.
There are 2 types of member lists.
1) System define member list
2) User define member list
User define member list
|
-------------------------
| |
Static member Dynamic member
List list
System define member list is a default option.
Member list is created by administrator. It has two subroutines.
1) Enum member list.
2) Enum member inlist.
Enum member list: It is used to create the member list.
Enum member inlist: It is used to add (or) delete a member in existed list.
Journals:-
If any modification required in accounts, that modification was done with posting journals.
In workspace we do journals.
Process:
Select tasks > Journal tasks > process journals
Recurring Journal:-
Some Journals we use repeatedly. So, for that purpose, we will create recurring templates. By using the recurring templates, we will create recurring Journals.
Auto Reserving Journal:-
If we create a journal as Auto Reversing Journal, the journal will post in the next period by reversing the Debit and Credit.
Data forms and Data grids:-
It is used to consolidation (or) reporting the data by security in HFM.
In workspace select tasks > data tasks > data forms (or) data grids
(OR)
Administrator > manage documents > data forms (or) data grids
Data forms have so many advantages than data grids.
Data Forms Data Grids
1) Point view is available. 1) Point view is available.
2) Import & Export to ex format 2) Import & Export to ex format
is possible. is not possible.
3) Print format is possible. 3) Print format is not possible.
4) Add (or) delete changes is 4) Add (or) delete changes is
possible. Not possible.
Process Control:-
Once a user loads data (or its loaded for them) and intercompany balances have been reconciled and adjustments have been made, the data is ready for consolidation into the company’s numbers.
Process: tasks > consolidation administration > data tasks > process control. In process control we can follow these steps.
With the status now all good, we can promote. Below uses the toolbar to find Promote.