financial overview and next steps rené bergkamp vice-president of r&d, financials, qad qad...
TRANSCRIPT
Financial Overview and Next Steps
René BergkampVice-President of R&D, Financials, QAD
QAD Explore 2012
2
The following is intended to outline QAD’s general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, functional capabilities, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functional capabilities described for QAD’s products remains at the sole discretion of QAD.
Safe Harbor Statement
Financial overview and next steps
3
• The Effective Enterprise• QAD Enterprise Financials• New in QAD Enterprise Financials 2012• Financial Report Writer• What is next• Questions
Agenda
Financial overview and next steps
4
“An Effective Enterprise is one where every business process is working at peak efficiency and perfectly aligned to the company’s strategic goals. ”
Effective Enterprise
Financial overview and next steps
5
• 1990’s: Implementation of ERP/Finance systems reduces average cost of operating a finance department relative to a company’s revenue
• Since then limited improvements in efficiency- Increased compliance costs- Change in drive towards improving companies
performance
• Change of focus to effectiveness- Efficiency and effectiveness can clash
Effectiveness of Finance
Financial overview and next steps: Effective Enterprise
6
• Reducing complexities and risks involved in global roll-outs
• Simplifying budgeting, reporting and closing
• Enabling global regulatory compliance• Delivering best practice business
processes• Enabling & promoting greater efficiencies
Effectiveness of Enterprise Financials
Financial overview and next steps: Effective Enterprise
7
QAD Enterprise Financials
Financial overview and next steps
8
Enterprise Financials
Financial overview and next steps
EnterpriseFinancials
FixedAssets
Logistics Accounting
Vertex Sales andUse Tax Interface
EnhancedControls
Governance, Risk & Compliance
Allocations
BudgetingMulti-GAAP
Tax Management
GeneralLedger
Accounts Payable
Accounts Receivable
MultiCurrency
Banking/CashManagement
CostManagement
Financial Shared Services
Management Reporting
Financial Analytics
ConsolidationsCredit
Management
Internationalization
9
• Key capabilities- Multi GAAP/COA/Currency reporting- Shared services support- International regulatory compliance- Internal controls
• Examples of effective enterprise metrics affected:- Closing time- Days sales outstanding - Days payables outstanding - Operating cash flow / sales ratio - Segregation of duties violations
Enterprise Financials
Financial overview and next steps: Enterprise Financials
10
Financial overview and next steps: Enterprise Financials
Over 120 Companies Live
11
Enterprise Financials: Live Implementations
Financial overview and next steps: Enterprise Financials
12
Enterprise Financials: Planned for 2012
Financial overview and next steps: Enterprise Financials
13
• Multiple options- Technical migration (1:1 conversion)- Reload master data in new database- Re-implementation- Mix-mode
• Session “Migrating from SE to EE”
Upgrading to Enterprise Edition
Financial overview and next steps: Enterprise Financials
14
What Is New In Enterprise Financials 2012?
Financial overview and next steps
15
• Financial Report Writer• Customer requested enhancements
- Cost center analysis limitation
Efficiency Improvements
Financial overview and next steps: New in QAD 2012 EF
16
• Portugal - Decree 363/2010
• France - Customer mass payments enhancements
• Mexico - Exchange rate for taxes as payments
• Columbia - Supplier Invoice & tax excluded
• USA - Vertex 4.0
Supporting the Globe
Financial overview and next steps: New in QAD 2012 EF
17
• Brazil- Tax substitution in business relation- PO shipper/fiscal receiving un-confirm
• Argentina, Brazil- Supplier withholding tax- Withholding tax support in banking entry
and open item adjustment
Supporting the Globe
Financial overview and next steps: New in QAD 2012 EF
18
Financial Report Writer
Financial overview and next steps
19
• Objectives- Single solution
for effective GL reporting
- Real time- Multi-domain- Consolidated- Chart Translation- Currency Translation- Multi-GAAP
Financial Report Writer
Financial overview and next steps: Financial Report Writer
20
Balance Sheet
Financial overview and next steps: Financial Report Writer
21
IFRS Balance Sheet
Financial overview and next steps: Financial Report Writer
22
Build and run flexible reports- Flexible report hierarchies- Flexible row & column definitions with in-line
calculations- Reusable analysis codes
Based on harmonized data in a reporting cube- Across multiple COA, currencies, GAAP- Optimized for reporting inquiries
Main Features
Financial overview and next steps: Financial Report Writer
23
Financial Report Writer
Financial overview and next steps: Financial Report Writer
24
Build and Run Flexible Reports
Financial overview and next steps: Financial Report Writer
24
ReportCube
Reporting Data
Report
ReportAnalysis Codes
ReportTree
ColumnGroup
Report Master
25
Based on Harmonized Data in a Reporting Cube
Financial overview and next steps: Financial Report Writer
ReportCube
ReportingCOA
Report Calendar
Presentation Currency
Source domains
Source domains
Source domains
Source domains
Source domains
Report ChartMaintenance
COACross-Reference
Cube DefinitionMaintenance
26
Report Tree for a Sales Report
Financial overview and next steps: Financial Report Writer
26
Europe
France01….
Americas
USA01…
Asia
China01Japan01
…
Global Sales
Sales Auto
Sales Pack
Sales Auto
Sales Pack
Sales Auto
Sales Pack
27
Report Tree
Financial overview and next steps: Financial Report Writer
28
Report Tree Excel Integration
Financial overview and next steps: Financial Report Writer
29
Report Run
Financial overview and next steps: Financial Report Writer
30
Report Run
Financial overview and next steps: Financial Report Writer
31
Browsing the Report Cube
Financial overview and next steps: Financial Report Writer
32
Drill Down to the Source Transactions
Financial overview and next steps: Financial Report Writer
33
What Is Next?
Financial overview and next steps
34
• Handling of customer short payments• Allows creation of deductions that can be
separately approved/rejected and further processed
• Two kinds of deductions- Trade promotion related- Standard deductions
Deductions
Financial overview and next steps: What is next
35
Deduction Categories
Financial overview and next steps: What is next
36
Processing a Deduction at Payment
Financial overview and next steps: What is next
37
Deduction Review
Financial overview and next steps: What is next
38
Deduction Processing Flow
Financial overview and next steps: What is next
Deduction Category Deduction Creation at payment processing
Deductions TPM Processing
Deduction Review
DeductionsNormal
Customer Invoices
Deduction write off on
expense account
Open Item Adjustment
Deductions balanced with
other open items
Add/Delete/Modify Details
Reject Approved Write-Off
Approved for Credit
PromotionStandard
39
• Business Intelligence- Cubes with consolidated report writer data
become available for QAD Business Intelligence
• Budgets- Budget comparisons in report writer
• Enhanced tree builder- On the fly maintenance and inquiry of analysis
codes
Financial Report Writer Enhancements
Financial overview and next steps: What is next
40
• Web Based• On Demand • Alternative to
Vertex
Tax Interface to Avatax
Financial overview and next steps: What is next
41
• Germany- Auditor certification IDW AuS 880
• Europe- SEPA changes
• Japan/Thailand- Consolidated invoice
Internationalization
Financial overview and next steps: What is next
42
• Ongoing tracking of new requirements• Planning subject to change
Internationalization
Financial overview and next steps: What is next
43
• The Effective Enterprise• QAD Enterprise Financials• New in QAD Enterprise Financials 2012• Financial Report Writer• What is next
Summary
Financial overview and next steps
44
• Attend these related sessions:- Training QAD Enterprise Financials at Explore
(Thursday afternoon and Friday morning)- Business Intelligence: A Closer Look- Migrating from SE to EE- Business Intelligence Workshop (Thursday
morning)
• Stop by the Solutions Expo
Next Steps
Financial overview and next steps
45
René BergkampVice-President of R&D, Financials, [email protected]
Questions & Answers
Financial overview and next steps