fesa financial & professional accounting

Professional Accounting Managing Global Consolidation with Localization of Financial Management

FESA

Website: http://www.fesa-s.com Email: [email protected] Last update: 2-Jan-2014

Scope of Solutions & Services Mix

Level

of

Au

tom

ati

on

& I

nvestm

en

t

FESA Query

FESA Planning

FESA Financial

FESA Consol

FESA Professional

Accounting

FESA Analyst

Budget Planning & Rolling Forecast

Management Reporting

Regional Financial Management

Group Consolidation & Budgeting

Multinational Financial Management

Analytical Performance Management

FESA Consolidation Series

Transaction Voucher Ledger

Report

Processing Rules

Data Storage

Query Formulas

Financial & Professional Accounting

Posting Options

Financial & Professional Accounting Financial and Processional Accounting dealt with more scenario,

dimensional, and dynamic views of financial management in both

operational and strategic levels. Some of the following sub-systems

specialized in different areas of extended finance functions are matching

with the current priorities of your organizations:

FESA Job Management

FESA Lease

FESA Payable

FESA Payroll

FESA Receivable

FESA Reconciliation

FESA Reimbursement

FESA Revaluation

FESA Procurement

FESA Treasury

FESA Allocation

FESA Amortization

FESA Billing

FESA Budget Control

FESA Disclosure

FESA Financial Close

FESA Fixed Asset

FESA Incentive

FESA Inter-company

FESA Inventory

Many organizations during the last two decades have been moving from

disconnected systems to centralize ERP systems now reviewing the

current implementations in front of new challenges and new technologies.

http://www.fesaconsol.com/fesapayable.pdf

http://www.fesaconsol.com/fesainventory.pdf

Financial & Professional Accounting These add-on sub-systems of Financial & Professional Accounting can be

classified in to three main streams of specialization:

Other Advanced Accounting specialization • Financial Close

– Revaluation – Allocation – Amortization – Reconciliation – Disclosure – And More..

Assets & Liabilities Specialization • Fixed Asset • Inventory • Treasury

– Receivable – Lease – Payable – Payroll – Incentive – Inter-company – And More..

• And More..

Other Business Process Specialization • Job Management • Billing • Procurement • Budget Control • Reimbursement • And More..

Managing Relevant Scenarios of Liabilities Throughout Every Stage of Liability Life Cycle

FESA Payable

Lia

bility S

cenarios

Recorded Liabilities

Plan Obligation Approved Budget

Approved PR & Signed PO

Commitments

Possible Obligation

Contingent Liabilities

Uncertain Settlement

Present Obligation

Received Goods / Rendered Services

Determining on D/N, GRN, PO, Invoice and/or

Creditor Statement

Trade Payables

Other Payables

Estimation Accrued Expenses

Financing

Loan

Bank Overdrafts

Bills Payables

Interest Payables

Unrecorded Liabilities

Discrepancy Against Creditors

Negative Liabilities

Duplicated Settlement

Over Settlement

Settle Without Elim Receivables

Relevant Liability Scenarios

Provision

Contr

acting P

art

ies

Outflow of Resources to Contracting

Parties

Shareholders

Fellow Subsidiaries

Holdings

Subsidiaries

JVs & Associates

Key Management

Employees

Customers

Suppliers

Service Providers

Banker

Regulatory Bodies

Multi-face of Contracting Parties

Any of your creditor may be changing their face from time to time

These creditors can have different contractual relationships with your group at the same time

They may have requested you to settle liabilities with different scenarios over time

They may deal with your group across different business units and companies

Managing Seven Stages of Liability Life Cycle

Budgeted Liabilities

• Approved Budget

Utilizing Budgeted Liabilities

• Approved Purchase Requisitions

Committed Liabilities

• Signed Purchase Orders

Incurred Liabilities

• Received Goods or Rendered Services

Invoiced Liabilities

• Received Invoices

Confirmed Liabilities

• Confirmed Contracting Parties

Settled Liabilities

• Registered Evidences

Minimizing Financial Risks: • Overdue Settlement • Unrecorded Liabilities • Duplicated/Over Settlement • Late Closing of Total Liabilities • Over Utilization of Budgeted Liabilities

Relevant Liability Dimensions for Every Stages of Liability Life Cycle

Budgeted Liabilities

Utilizing Budgeted Liabilities

Committed Liabilities

Incurred Liabilities

Invoiced Liabilities

Confirmed Liabilities

Settled Liabilities

Analyzed by consolidation group, legal entity & business unit

Analyzed by date, expense and liability nature, department & project

Analyzed by contracting party & relationship

Analyzed by contracting currency

Analyzed by aging (incur & due date)

Analyzed by movement type

Analyzed by settlement type

Contr

acting P

art

ies

Managing Risk of Holding Inventories

FESA Inventory

Sale

Inventory Membership

Purchase

Inventory Risk Management

Sale Amount and Quantity

Cost Amount and Quantity

Purchase Amount and Quantity

Stock Amount and Quantity

Sell Thru % = Qty Sold / (Qty On-Hand + Qty Sold)

Gross Profit % = ( Sale Amount – Cost Amount ) / Sale Amount

Inventory Measurements

No longer deal with merely FIFO and EOQ measurement

Summary to Summery Reporting

Maximizing the Relevance of Financial Information for Decision Making

FESA Allocation

Service Department

HR Finance Admin Marketing IT Others

Hotel

Retailing

Financial Services

Other Business

••••••••••••••••••••••••••••••••••

Provide Services to Business Units

Business Unit

FESA Allocation

FlexSystem

Enterprise

Software

Architecture

Web & Windows Login Client

Connectivity • Internet and cloud ready • Thin-client technology (support low bandwidth) • Web and Windows/Excel login client

Scalability • Multi-user • Message center • Scheduling and queuing

Usability • Multi-language • Rich user interface

Security • Data encryption • Server activity log

Extensibility • Application expression (AX) • System integration (Internal and external)

FESA (A 5-tiers Software Architecture)

Standardization

Control Collection

Elimination

Versioning

Tagging

Alert

Aggregation

FESA

Configuration Configuration Configuration Configuration Configuration Configuration






AVESTA @ 6 Major Software Modules

Reporting Storage

Transformation

Standardization

FESA Planning

FESA Consol

FESA Financial

Elimination

Versioning

FESA Analyst

Tagging

Alert

FESA Pro A/C

Aggregation

FESA Query

Audit Trial & Reporting

Efficient Efficient Efficient Efficient Optimize Optimize

Dual Models

Common Data Set

Dynamic

Lookup

Dynamic Lookup

Multi-

dimension

Lookup

Dynamic Lookup

Dynamic Lookup

Process & Analytical

Process

Management

Process

Management

Process

Management

& Ana. Group

Process

Management

Process

Management

Common Data Set

Common Data Set

Query Formula

Reporting Audit Trial &

Reporting




Multi-

dimension

Lookup

Analysis Group

Process

Management

& Ana. Group

N/A

AVESTA @ 6 Major Solutions

Query Formula

Query Formula

Dual Models

Dual Models

FESA Planning

FESA Consol

FESA Financial

FESA Analyst

FESA Pro A/C

FESA Query

Allocation,

Currency & Mapping

Rule-based

Entry Screen

& Upload

Triple Models

Customize Standard

Upload

Excel

N/A

Dual Data Store

Basic

Standard

Basic +

Optional

Triple Models

Amortization Rule-based Rule-based

Dual Data Store

Dual Data Store

Dual Data Store

Optimize Data Store

Optimize Data Store

Customize Customize

Standard +

Optional

Standard +

Optional

Standard +

Optional

Advanced +

Optional

Advanced +

Optional

Standard +

Optional

Standard +

Optional

Standard +

Optional

Standard +

Optional

Standard +

Optional

Advanced +

Optional

Upload

Excel

Upload

Excel

Control

Collection

FESA

Reporting

Storage

Transformation

6 Major Modules @ 6 Major Solutions