Using Global Financial Bridge

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Using Global Financial Bridge

  1. 1. Global Financial Bridge Users Guide
  2. 2. Getting Started <ul><li>Data Access Options </li></ul><ul><li>Load a company from QuickBooks. Make sure QuickBooks is open in the company you want to import. </li></ul><ul><li>Create a stand alone company if you want to input data from a set of financial statements. </li></ul><ul><li>Open an exiting GFB data set. </li></ul>
  3. 3. Getting Data From QuickBooks  Click the load button
  4. 4. Data Mapping Screen Classify button = change the default account location QuickBooks Account GFB account location
  5. 5. Import - the last step The year you want data to start being imported from
  6. 6. It’s done
  7. 7. The Starting Point – called the data capture sheet The data capture sheet after the completion of the import process
  8. 8. Data Loading Functionality Opening the + sign shows the account details The data loading screen allows the source data view.
  9. 9. Access the One Page Scorecard Choose the period you wish to view in the One Page Scorecard Press Scorecard
  10. 10. The One Page Scorecard Current period numbers Metrics that define business performance Click on any performance category to expand the details of the performance category
  11. 11. Performance Category Expanded Click the performance box to expand the details of the box or to do the required “what if”
  12. 12. Performance Category Expanded (cont.) Working Capital explained (Change any of the working capital days to see the impact)
  13. 13. Performance Category Expanded (cont.) Cash flow and structure
  14. 14. Doing “what ifs” You can road test any strategy or multiple strategies by changing any item in… 1.The income statement or balance sheet 2. Any editable performance measure Example: Change revenue growth to 30%
  15. 15. After doing a “what if” The scorecard re- calculates based on the change. Showing the picture after the change. Press the net change button to see the difference
  16. 16. Net Change View Press scorecard and “Undo” to return to the original data
  17. 17. “ What if” Techniques <ul><li>Revenue Quality “what if” </li></ul><ul><ul><li>To increase revenue growth go to the net change view to determine if additional volume is cash generating or absorbing. </li></ul></ul><ul><li>Profitability “what if” </li></ul><ul><ul><li>Identify the best performance over all review periods. Use these metrics to change the profitability measures. Use the net change to see the impact. </li></ul></ul>
  18. 18. “ What if” Techniques (cont.) <ul><li>Working Capital Optimization </li></ul><ul><ul><li>Identify the best performance over all review periods. Use these metrics to change the working capital measures. Use the net change to see the impact. </li></ul></ul><ul><li>Combination “what if” (Improvement Opportunity) </li></ul><ul><ul><li>Combine the best measures in the profitability and working capital. Do a net change to identify the financial opportunity that can be derived by inputing the best measures the company has already done. </li></ul></ul>
  19. 19. “ What if” Techniques (cont.) <ul><li>The challenge “what if” </li></ul><ul><ul><li>Improve measures that you believe the business could perform against. Do the net change to determine the stretch goal. </li></ul></ul>
  20. 20. Graphing Click on the performance measure you want to graph then press the “Graph It” button
  21. 21. Explain It <ul><li>Click on the ratio you want further information on </li></ul><ul><li>Click on the “Explain It” button </li></ul>
  22. 22. Cash Flow and “what ifs” The following performance variables were changed: 1.Revenue Growth from 23.33% to 30% net change ▲6.67% improvement 2.Variable COGS % from 62.16% to 61% ▲1.16% (improvement) 3.Days Inventory from 122 days to 100 days ▲22 day improvement 4. Press “Reports” to select cash flow statement
  23. 23. Resulting Cash Flow statement First column (data entry) is the actual data without any changes. The second column is the cash flow based on all the “what if” or changes made to the scorecard. The third column is the difference. This is most helpful in explaining why cash changes when different decisions are made in the business.
  24. 24. Save, Print and Exit <ul><li>“ Save” is the big one, if you press “Save” this will CHANGE your ORIGINAL data in the loading screen. Use it only if you want to save a potential strategy for future reference. </li></ul><ul><li>If you do so use the “Save As” feature and save as a new name, my fast growth strategy.gfb, for example. </li></ul>
  25. 25. Creating a Budget <ul><li>In Data loading screen </li></ul><ul><li>Click “Add a Period” </li></ul><ul><li>Enter the start date and the number of months you want to budget for </li></ul><ul><li>Check the “Budget” box </li></ul><ul><li>Click the “Wizard” button </li></ul>
  26. 26. Creating a Budget (cont.) 1.Enter the key variables that you believe will be performed during the budget year. 2. Press “Save”.
  27. 27. Selecting the Scorecard View <ul><li>Determine the period you want to view in the Scorecard. </li></ul><ul><li>Click on the column underneath the period heading. </li></ul><ul><li>Press the “Scorecard” button. </li></ul>

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