ifrs, xbrl

IFRS, XBRL and Business Performance Management (BPM)

Control, confidence and automation of global compliance reporting

Agenda Finance industry trends Business Performance Management (BPM)

defined BPM’s value proposition Automated delivery of compliance reporting Benefits, future leverage and client activities

Introduction Trevor Walker

VP, Product Marketing Cartesis Driving global product strategy 10 years BPM and reporting experience 4 years in IT and integration infrastructures

We provide multinational companies with a unique best of breed, real-time

collaborative business performance management solution to “deliver the whole

story behind the numbers" with unparalleled clarity and insight.

Cartesis is a leading global software provider focused on Business Performance Management

Cartesis has been delivering BPM for over 14 years Full Service Software

Company founded in 1990 The Cartesis Suite

Cartesis Magnitude, Magnitude Planning, Magnitude iAnalysis and Cartesis ICS

1990

1997

1999

2002

2004

The Top Five CFO Challenges from a recent survey

Improving performance management

Improving governance, controls, risk management

Improving planning, forecasting and budgeting

Improving access to appropriate information

Improving competencies/skills

Four of the top five challenges are dependent on creating an integrated BPM infrastructure for

unified reporting and performance management

These trends drive toward key best practices in performance management

Integrated BPM process and system framework

Streamlined data flows

Enhanced data granularity and transparency

Consistent fiscal and management data views

Unified compliance and management reporting

Ability to expose metrics to dashboards/scorecards for monitoring, alerting and optimization

Ability to layer in internal and external benchmarking

So what is Business Performance Management (BPM)?

BPM is a set of integrated, closed-loop management and analytic processes, supported by technology, that address financial as well as operational activities.

BPM is an enabler for businesses in defining strategic goals, and then measuring and managing performance against those goals.

Core BPM processes include financial and operational planning, consolidation and reporting, modeling, analysis, and monitoring of key performance indicators (KPIs) linked to organizational strategy.

Corporate Governance

Strategic Planning Performance Measurement Business Modeling Budgeting

Finance Customer Human Resources

Operational Finance Analysis & Reporting Forecasting Consolidation

Segmentation Profitability Market Success Factor Analysis

Salary & Comp Planning Employee turnover & retention Incentive management

Unifies financial, compliance, risk and management reporting

Regulatorycompliance

BPM&

Processmanagement

BPMIntegration

- ERP, SCM, PLM,CRM and HCM

- BI

BPMAnalytics- Scorecard, dashboard

SoftwarePerformance

& Availability

Real-Time BPM

FinancialConsolidation& Reporting

Planning/budgeting- Discrete Deterministic

- Discrete Predictive- Continuous Predictive

Technologytrends

-BPM Components,SOA, web services

-BPM Metadata repository-Distributed access-Central hub/portal

BPM and the impacts of XBRL

Value proposition of XBRL with BPM

Bridge the gap between systems, accounting standards and global reporting

Enables standard way of tagging financial information for structure, content and meaning

Direct comparability of internal and external financial information

Essential part of making IFRS data globally accessible, consistent and comparable

XBRL solves current issues with global financial and compliance reporting

Thousands of companies release financial results internally and externally daily, monthly, quarterly, and annually

Contents are not organized Processes are not repeatable Lots of data must be re-keyed No easy way to compare internally, let alone externally

XBRL provides strategic and cost reduction benefits

Streamlined processes for collecting, comparing and reporting financial information

Reduced costs Improved financial communication and transparency Increased data accuracy Direct comparability Multi languages and accounting standards support Improved risk management and control Ease of maintenance Faster, more reliable and extended scope of analysis

capabilities for better decision-making

Strategic value is the direct comparability of internal and external financial information

And the automation, transparency, and comparability

One time setup of tags and maps for automated processing

Rich set of tools embedded in products like Cartesis Magnitude

Transparency from source through disclosure to compliance agencies

Investors and analysts easy side-by-side and line-by-line comparison

Different languages and accounting standards in a single solution delivers on the “single truth” message

Financial Publishers & Data Aggregators

Companies Trading Partners

Management Accountants Auditors Regulators

Investors Central Banks

Other Stakeholders

Organizations are challenged by many reporting needs and no standard delivery

Legacy ERP CRM SCM…GL

Financial Control,Planning, Forecasting, Process, Validation, etc…

Sources

Disclosure

Financial Publishers & Data Aggregators

Companies Trading Partners

Management Accountants Auditors Regulators

Investors Central Banks

Other Stakeholders

XBRL optimizes the information supply chain with a standard way to deliver reports

Legacy ERP CRM SCM…GL

Financial Control,Planning, Forecasting, Process, Validation, etc…

Sources

Disclosure

XBRL

XBRL

Cartesis is involved globally and strategy to match client and market needs

Member of the IASB IT Discussion Group and will be a member of the French XBRL jurisdiction

Our strategy Step 1: Publish Step 2: Consume In Parallel: Embedded capabilities & setting

Allowing organizations to leverage and capitalize on their BPM investments

6 steps to publishing XBRL from Cartesis1. Import the published taxonomy2. Map chart of accounts to taxonomy

3. Pull Cartesis Magnitude data into an XBRL instance documents

4. Supplement taxonomy items and instance documents as required

5. Run controls and calculations included in the taxonomy

6. Publish and email the XBRL file

Setup Once

Repeatable

Publishing XBRL compliance reports – Step 1

AccountCharacteristics Consolidation XBRL Data

Generation

OpeningMovement

Closing XBRLreportCollect

dataApply

Taxonomy -Map

Sendreport

SupplementalData

Data Warehouses

RDMS XMLDB

Consuming XBRL for comparability, analysis and benchmarking – Step 2

• Secure receive• XBRL/XML validation• Cartesis Magnitude and

Multiple DB’s• Localized mapping• Authorization• Direct update

Consume

Integrator

IASCTaxonomy

World Wide Web XBRL

Cartesis Magnitude

Cartesis Magnitude product enhancements for embedded XBRL capabilities and settings

Will be based on what we learn in steps 1 and 2 Plans include

Administrative capabilities to configure XBRL for publication and consumption

Setup and Manage via XBRL

Aggressively delivering against the strategy to empower our clients with XBRL

Clear strategy and roadmap for delivery Engaged with clients and recruiting pilot

references Still recruiting clients Will guide them to referencability in Q2 2005

Thank you and…

Any questions?

Trevor WalkerCartesis

[email protected]