Post on 09-Jan-2017
Creative Solutions for Cash Flow and FX Analysis and Actors Workspace through Dashboarding
August 19, 2016
Christine Ong-Estrada & Greg Barrett
The Finit Family
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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
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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+)
About the Presenter
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Christine Ong-Estrada(cong-estrada@finit.com)
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
Agenda
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• 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
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Cash Flow Audit Reporting Solution
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• 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
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• 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)
1. Corporate Use Only
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• Administrator’s checklist for out of balance entities and incomplete cash flow schedule
2. Out of Balance Report (in balance)
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• Checks for new summary accounts and other errors in trial balance
3. Activity Check (Local & USD)
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• Checks incomplete cash flow schedule• Detailed data entry schedule (Local and USD)• Comment boxes available
4. Calculations
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• Auto cash flow calculations• Explains the cash flow activity calculations
5. CF Worksheet
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• Tabular format worksheet• Local Input tab for local currency adjustments• USD Adjustment tab for USD adjustments
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
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Confirmation Rule for Cash Flow
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• 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
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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
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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
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Dynamic FX Analysis Solution
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• 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 - Report
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• Select Entity and Account
• View Average Rate and Closing Rate used
FX Analysis Dashboard - Report
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• Select Account for consolidating view of Performance variance, FX variance and Total variance
FX Analysis Dashboard - Report
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• Consolidating view of FX Variance by selected financial statement
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)
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Thank You for Attending!
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Today’s Presenter:
Christine Ong-Estrada
Cong-estrada@finit.com
General Questions:
Greg Barrett
gbarrett@finit.com
Copy of the slides or Recording:
Email us for a copy of the slides or a link to the recording
insights@finit.com
Past webinars:
www.finit.com/webinars
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@Finit_Solutions