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Private & Confidential 
1 
Mann-India Technologies 
Novmber 2013 
Mann-India Offering for 
IFRS Adoption
Private & Confidential 
2 
Executive Summary
EVOLUTION ACHIEVEMENTS 
Private & Confidential 
3 
Corporate Overview 
Incorporated with the millennium in 2000. 
Establis...
Private & Confidential 
4 
Mann India’s SAP Practice
Private & Confidential 
5 
Mann India – SAP Snapshot 
 Preferred Partner for SAP IS-Banking and IS-Mining in Latin Americ...
Mann-India SAP Service Offerings 
Private & Confidential 
6 
LINE OF SERVICE 
• Dedicated Practice Leaders 
• Competency D...
Key Highlights of Mann-India’s SAP Practice 
Private & Confidential 
7 
 People 
• Product implementation coupled 
with E...
Private & Confidential 
8 
Representative Client List
Private & Confidential 
9 
Mann-India SAP Verticals 
Manufacturing Industries 
•Engineering, 
Construction, 
Operations 
•...
International Financial Accounting Standards-IFRS 
Private & Confidential 
10
Private & Confidential 
11 
IFRS an Overview 
 International Financial Reporting Standards (IFRS) are globally accepted 
...
Private & Confidential 
12 
Benefits to IFRS 
 A globally accepted set of principles-based standards may offer opportunit...
Private & Confidential 
13 
Impact of IFRS on SAP
Potential Impact of IFRS on an SAP Landscape From Ernst and 
Young 
SAP modules Process Areas 
Accounts 
Receivable 
Cost ...
SAP Solution for IFRS Adoption 
Private & Confidential 
15
Private & Confidential 
16 
SAP Solution Portfolio for IFRS 
 SAP Business Suite solutions are already IFRS capable 
 SA...
Options for SAP General Ledger Configuration for IFRS 
Adoption 
 Approaches available for multi-GAAP valuation within SA...
Mann-India Service offering for IFRS Adoption 
Private & Confidential 
18
Service Offering for IFRS adoption 
We focus on participating in the assessment of business and accounting impacts to prov...
Private & Confidential 
20 
Standard IFRS project 
Phase 2 
Phase 1 - Assessment Project Set-Up 
Reporting Impact Evaluati...
Private & Confidential 
21 
Value Proposition 
Mann – India Value proposition 
 Mann-India team comprises of consultants ...
Parque Cibernético, Aut. Las Américas Km. 27 ½, Boca Chica 
Santo Domingo 
Tel: 809- 480-7772 / 809-480-8222 
Private & Co...
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Mann-India_Service-Offering_IFRS

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Mann-India_Service-Offering_IFRS

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Mann-India_Service-Offering_IFRS

  1. 1. Private & Confidential 1 Mann-India Technologies Novmber 2013 Mann-India Offering for IFRS Adoption
  2. 2. Private & Confidential 2 Executive Summary
  3. 3. EVOLUTION ACHIEVEMENTS Private & Confidential 3 Corporate Overview Incorporated with the millennium in 2000. Established brand and strong relationship network Latin America. Emerging markets as focus geography. Expertise in legacy modernization and Mobile platforms. Competence in developing innovative solutions driving growth. Strong Customer satisfaction An early implementer of the SAP IS Retail solution in the geography – Plaza Lama in the Dominican republic Created a unique Variant based development to adapt SAP – Production and Costing to the needs of large scale printing businesses. Created an entire web based and ABAP module to mate SAP ECC 6 to the needs of a healthcare services business including significant automation of workflow Successful Implementation of IS Mining in a complex mining scenario in a record time of under 3 months Successful Implementation for Oil & Gas in Upstream and Downstream operations. Created an SAP bolt-on product (Mobile and Web) called VECE to automate and simplify vendor –customer interaction through SAP
  4. 4. Private & Confidential 4 Mann India’s SAP Practice
  5. 5. Private & Confidential 5 Mann India – SAP Snapshot  Preferred Partner for SAP IS-Banking and IS-Mining in Latin American region  Deliver Solutions in SAP All-in-One & Business One for Large Enterprises & Small & Medium Enterprises  Partners in first SAP IS Mining Implementation LATAM Region in Peru  Variant configuration in Security Printing in Latin America  SAP Service & Channel Partner Mann IndiaTM SAP Expertise  First company in the World to implement Variant Configuration successfully in a security printing business.  First company in Colombia to implement an SAP ERP solution in a leading Healthcare Trading Business.  Service & Channel Partner  Preferred Partner for SAP IS-Banking in Latin American region  We have worked for PDVSA - Petróleos de Venezuela S.A., the largest company in Venezuela in the sector of Oil and Gas.
  6. 6. Mann-India SAP Service Offerings Private & Confidential 6 LINE OF SERVICE • Dedicated Practice Leaders • Competency Development • Tools & Methodologies • Training • Project Management • Change Management APPLICATION SUPPORT • Help Desk • Functional Support • Technical Support • Application Maintenance • Basis Support • Configuration Services • Programming Services • Data Conversions • User Manual • Training Manual • Authorization • Testing • Programming Services • Configuration Services • Testing • Netweaver • Portal • Middleware • BI & BO • xApps • Template Design • Data Conversions • Regression Testing • User Manual • Training manual • Authorization • Testing • Strategic • Functional • Technical • Delta Training • Testing GLOBAL TEMPLATE & ROLLOUT E2E IMPLEMENTATION VERSION UPGRADE CUSTOM DEVELOPMENT ENTERPRISE INTEGRATION SAP ERP SAP Business Suites (SCM, SRM,CRM, PLM) Technology Netweaver, BI/BO
  7. 7. Key Highlights of Mann-India’s SAP Practice Private & Confidential 7  People • Product implementation coupled with Effective Project Management • Functional, ABAP and BASIS expertise • Expertise on Entire spectrum of SAP Business suite 7.0 and product • Domain expertise across industry verticals focused by Mann-India • Consultants having implementation skills and in-depth domain experience in Industry • Consultants not only having experience in IS (Industry Specific) areas but also in developing and maintaining automation systems of the kind  Processes • Processes aligned to the highest software quality standard • Mature and Improvised methodologies for SAP Implementation / Upgrades / Roll-outs/ Migration / Maintenance • Proven Mann-India Technologies’ customer centric Engagement Model coupled with flexible Delivery Model
  8. 8. Private & Confidential 8 Representative Client List
  9. 9. Private & Confidential 9 Mann-India SAP Verticals Manufacturing Industries •Engineering, Construction, Operations • Mill Products •Oil & Gas •Mining • Publishing & Printing •Agro Industry Financial Services •Banking • Insurance Service Industries •Telecom • Utilities •Waste & Recycling •Healthcare Retail Industries •Retail •Wholesale & Distribution Different Industries Need Different Business Solutions
  10. 10. International Financial Accounting Standards-IFRS Private & Confidential 10
  11. 11. Private & Confidential 11 IFRS an Overview  International Financial Reporting Standards (IFRS) are globally accepted accounting standards established by the International Accounting Standards Board (IASB) and its interpretative body, the International Financial Reporting Interpretations Committee (IFRIC)  Many of the standards forming IFRS are known by the older name of International Accounting Standards (IAS).  IFRS standards are destined to become the world’s common financial reporting language for investors, analysts and regulators.  A broad range of potential high impact areas are summarized in the following list:  Property Plant and Equipment  Inventory  Financial Reporting (Planning, Budgeting and Statutory)  Segment Reporting  Consolidation Accounting/Joint Ventures  Project Accounting  Revenue Recognition  Intangible Assets  Leases  Fair Value
  12. 12. Private & Confidential 12 Benefits to IFRS  A globally accepted set of principles-based standards may offer opportunities to consistently apply accounting standards  As use of IFRS becomes more widespread, the new standards will increase comparability for investment analysis and performance measurement  IFRS in based on “principles” not rules which will provide the opportunity for more clear representation of financial results  Companies get broader access to funds leading to reduction in cost of capital  Regulatory agencies promote disclosure-based systems for improved market participation  Investors get better information for decision making leading to broader investment opportunities  The same financial reporting standards across the world will provide opportunities to simplify and centralize financial reporting processes and functions  Converting to IFRS may provide an opportunity to improve and streamline key components of the current SAP landscapes
  13. 13. Private & Confidential 13 Impact of IFRS on SAP
  14. 14. Potential Impact of IFRS on an SAP Landscape From Ernst and Young SAP modules Process Areas Accounts Receivable Cost Element Cost Center Profit Centers Internal Orders ABC Costing Purchase Orders Good Receipts Inventory Purchasing Depreciation Master production scheduling Accounts Payable Labor Material Executions Inspections Private & Confidential 14 FI - Financial CO - Controlling MM – Material Management AC – Asset Accounting PS – Project Systems HR – Human Resources PP – Production Planning PM – Plant Maintenance QM - Quality Management SD – Sale and Distribution Management Possible Impact Need to investigate to determine magnitude Source: Ernst and Young Manufacturing industry example Sales Tracking Make to Order Plant Shut Down Third Party Billing General Ledger Book Close Tax Consolidations SPL Product Costing Requisitions Bill Of Materials Master raw materials Employment History Payroll Training Career Management Down time and outages Capacity Planning Material requirements planning Shop Floor Planning Certificates Pricing Picking Packing Shipping RFQ Sales Orders
  15. 15. SAP Solution for IFRS Adoption Private & Confidential 15
  16. 16. Private & Confidential 16 SAP Solution Portfolio for IFRS  SAP Business Suite solutions are already IFRS capable  SAP Business Objects solutions can also play a key role in helping organizations transition to IFRS  With the combination of SAP ERP and SAP Business Objects solutions —  SAP offers the most complete solution to support IFRS SAP Business Suite  SAP Business Suite 7  SAP ERP 6.0 – o SAP ERP Financials o SAP General Ledger - Parallel Ledgers - Asset Accounting - Etc. SAP Business Objects  SAP Business Objects EPM and GRC Solutions  SAP Business Objects  SAP Business Objects Planning and Consolidation + IFRS Starter Kit  SAP Business Objects Financial Information Management  SAP Business Objects XBRL Publishing by UBmatrix
  17. 17. Options for SAP General Ledger Configuration for IFRS Adoption  Approaches available for multi-GAAP valuation within SAP ERP Financials Approach Classic SAP General Ledger Account Based • Easiest to implement • Can lead to unmanageable COA in SAP General Ledger Parallel Company Codes • No additional functionality planned by SAP • Not a Recommend Solution for most companies Parallel Ledger • Most transparent approach • Independent set of books • Future IFRS requirements more easily accommodated Special Ledger • No additional functionality planned by SAP • Not a recommend solution for most companies Current recommended configuration approaches for SAP General Ledger Private & Confidential 17
  18. 18. Mann-India Service offering for IFRS Adoption Private & Confidential 18
  19. 19. Service Offering for IFRS adoption We focus on participating in the assessment of business and accounting impacts to provide a comprehensive IT strategy for achieving IFRS compliance. Our approach comprises of four key phases in IFRS adoption: Our Approach Private & Confidential 19 Business & Accounting Impact • Companies get broader Access to funds lending to reduction in cost of capital • Regulatory agencies promote disclosure based system for improved market participation • Investors get better information for decision making leading to broader investment opportunities IT Strategy • Determine Accounting policies and disclosure requirements • Determine needs in IT systems and reporting and control procedures under IFRS reporting • Design necessary system and procedural changes Implement • Establish new IT System and procedures to handle IFRS • Document new process flows and control procedures • Provide training on IFRS and new reporting procedures • Complete IFRS financial statements and footnotes and obtain sign-off from auditors Stabilize & Support • Post Implementation reviews to determine if IFRS policies, procedures and controls are operating as designed • Determine if financial close is operating in a routine manner • Implement additional remediation and optimization as required
  20. 20. Private & Confidential 20 Standard IFRS project Phase 2 Phase 1 - Assessment Project Set-Up Reporting Impact Evaluation & Issues resolution Initial Conversation Phase 3 - Embedding or Support  Research Financial information  Initial Diagnosis  Definition of reporting units  Overall project organization  Estimate of financial and system impact  Outline work Plan  Estimate of required resource and cost  Define Roles and Responsibilities  Create Detailed Project Plan  Identify and train Project Team  Communicate project Strategy  Prepare Component Evaluation  Identify I. Changes to Accounting Policies II. New and Additional Information required  Identify and resolve accounting treatment issues  Prepare IFRS Adjustments  Post Adjustments to reporting package  Prepare IFRS Financial statements  System Diagnosis  Impact Analysis  Accounting Manual  Design New business process  Process Roll Out  Systems Design and Build Key Deliverables  Accounting and Financial information diagnosis completed  Recommended project scope and strategy Key Deliverables  Decision to Proceed  Established o Roles & responsibilities o Route Map o Conversation Tool o Communication Key Deliverables  Issue Resolved  Accounting Policies Agreed  Systematic Development Key Deliverables  Year 1 Subsidiary IFRS Reporting  Year 1 Group IFRS financial statement prepared  Systems modification design completed Key Deliverables  Full IFRS reporting embedded across organization  Systems modification completed Project Preparation Business Blue Print Realization Final Preparation Go Live & Support Sustain
  21. 21. Private & Confidential 21 Value Proposition Mann – India Value proposition  Mann-India team comprises of consultants who can leverage their understanding of IFRS requirement and IT landscape to enable a smooth transition providing unique value adds.  Established Competency: Prior Experience in Accounting reporting and technical expertise in various well known packages  One stop shop for end to end IFRS solution: Integrated technical and regulatory service. Mann- India Provide unique benefit of business transformation leveraging IT  Reduced cost of Implementation: Through Automated Methodology and Global delivery model for executing regulatory engagements  Value beyond IFRS Adaptation: reduced operational efforts through integration of people, process and technology
  22. 22. Parque Cibernético, Aut. Las Américas Km. 27 ½, Boca Chica Santo Domingo Tel: 809- 480-7772 / 809-480-8222 Private & Confidential 22 Thank you Santo Domingo- DOMINICAN REPUBLIC Email: bd-mann@mann-india.com Panama City- PANAMA Edificio, Sai Sadan, Calle F, Canjerejo PANAMA Ph: 00507 – 2413217 Caracus – VENEZUELA Av. Francisco de Miranda, Edif. Parque Cristal. Torre Oeste,Piso9, Oficina Sural. Los Palos Grandes, Caracas. Ph: +58-212-2856358,+58-212-4178065 San Juan – PUERTO RICO Mann-India Technologies Caribbean Inc. 530 Constitution Ave. San Juan, Puerto Rico 00901 Office Main: (787) 289-8733 Mobile: (787) 599-9586 New Delhi B-267a, Greater Kailash Part-I , New Delhi-110 048 , India Tel: +91 11 41635513-14-15 Fax: +91 11 47104710 Noida 1A/1, Sector 16A, SB Tower Filmcity Noida, UP-201301 Tel: +91 120 4086333 Fax: +91 11 47104710

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