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2015-06-04 Solving Your Budget Management Challenges Raffa & Prophix
This document outlines an agenda for a seminar on making budget processes more efficient using Corporate Performance Management (CPM) and the Prophix software. The agenda includes introductions, an introduction to CPM and Prophix, a product demonstration, and a question and answer session. Some of the challenges finance departments face that CPM addresses are accessing more data, needing to forecast more often, and requiring collaboration. A demonstration will showcase how Prophix can help with monitoring performance, planning, reporting, and strategic decision making.
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2015-06-04 Solving Your Budget Management Challenges Raffa & Prophix
- 1. Thrive. Grow. Achieve. MakeYour Budget Processes More Efficient Raffa & Prophix Technology Seminar Seth Zarny – Raffa Partner Buu-Linh Tran – Raffa Manager Nicole Diceman – Prophix Product Manager June 4, 2015
- 2. AGENDA • INTRODUCTIONS &AGENDA • INTRODUCTION TO CPM & PROPHIX • PRODUCT DEMONSTRATION • Q&A 2
- 3. CHALLENGES THE OFFICE OFFINANCE FACES NEW CHALLENGES • COMPANIES TODAY CAN ACCESS MORE DATA • THEY NEED TO FORECAST MORE OFTEN • COLLABORATION IS A FUNDAMENTAL REQUIREMENT 3
- 4. SPREADSHEET PAINS • LABORAND TIME INTENSIVE • ERROR PRONE • DATA INTEGRITY ISSUES & VERSION CONTROL • CONFIDENCE IN PROCESS • MULTIPLE USER ACCESSIBILITY • INCOMPLETE SOLUTION • LACK OF ACCOUNTABILITY, OWNERSHIP AND COLLABORATION 4
- 5. WHAT IS CORPORATEPERFORMANCE MANAGEMENT (CPM)? 5 CPM Component Functionality Planning and Forecasting Budgeting; rolling forecasts; multi-year plans Financial and Management Reporting Monthly report books; statutory reporting; variance analysis Financial Consolidations Inter-company eliminations; journal entries; multi-currency Profitability Modelling and Optimization Cost analysis; product/customer profitability; allocations Strategy Management Scorecarding; KPIs; data visualization
- 6. 6 • BIG COMPANIES •BIG PROJECTS • VERY EXPENSIVE • VERY “STRATEGIC” CPM IN THE PAST
- 7. CPM TODAY 7 Automating non-transactional processesin the Finance Department such as… • BUDGETING • MONTHLY REPORTING • MID-YEAR FORECASTING • FINANCIAL CONSOLIDATIONS • SCORECARDS • OPERATIONAL PLANNING
- 8. CPM TODAY 8 • MOREOFTEN • MORE DATA • MORE PEOPLE
- 9. DEMO OVERVIEW 9 MONITORING PERFORMANCE 01 STREAMLINING OPEX PLANNING02 UNLOCKING PERSONNELPLANNING03 ACCELERATING SALES PLANNING04 IMPROVING STRATEGIC DECISION-MAKING 05 06 AUTOMATING REPORTING
- 10. DEMO – LET’SSEE PROPHIX 10
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- 12. QUESTIONS & ANSWERS 12 SethZarny – Raffa szarny@raffa.com 301.379.6500 Buu-Linh Tran – Raffa btran@raffa.com 301.279.6511 Nicole Diceman – Prophix ndiceman@prophix.com
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