SlideShare a Scribd company logo
1 of 98
MAIA Intelligence Agenda &  Corporate Overview Thursday, February 25, 2010
Agenda MAIA Corporate Overview Current closing process & Financial Consolidation challenges Overview on 1KEY Technology Framework Financial Consolidation Management - Solution overview Panel Discussion ‘Reducing Timelines For Reporting Cycle’ Tea and Snacks
Today’s theme Consolidated financial statements & Reporting should factor the holding company's subsidiaries into its aggregated accounting figure Representing how the holding company is doing as a group The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group  Eliminating and Consolidating entries to work back from individual financial statements to a group financial statement Accurate representing the final outcome from a Statutory as well as Decision Making point of view
MAIA Intelligence Journey
MAIA Product Offerings Reporting & Analysis Software Financial Consolidation Management software Audit cum data investigation tool extensible Business Reporting Language Software
MAIA Customers
Customers Cases
MAIA Value Proposition
The 1KEY BI Philosophy…
MAIA Intelligence Thank you vikram@maia-intelligence.com Corporate Office: 2/319, Millennium Business Park, Sector 1, Mahape, New Mumbai, India – 400 701 Tel: 91-22-66888999 | Fax:91-22-66889000
CA Ashwin Dedhia, Director – Solutions MAIA Intelligence
Financial Reporting Last Decade 12 to 18 months statements were made and closed in few quarters after the end of period Consolidated Statements were not Mandatory Current Decade Yearly & Quarterly Statements were made and closed in few months after the end of period Consolidated Statements became Mandatory (AS-21) Expectations Today  Yearly, Quarterly & Monthly Statements are required to be closed in weeks & days Consolidated Statements required by LAW and also Management
Why we need FCM As an organization grows, so does the difficulty of its financial consolidation and reporting challenge.  Organizations have to deal with  multiple currencies, geographies  various accounting standards Changing reporting  requirements Compliance Regulations. Integration of new business units into the reporting chain.  Through all of this, the organization must balance the need for precise financial reporting and corporate governance with the need for timeliness in meeting reporting deadlines
Our Solution
Challenges & Solution Challenge ,[object Object]
User Change Management: Change of Person, increases the time required to do consolidation and is prone to risk of errors
Data Changes & Update: Data (TB) gets updated during the consolidation process and requires lot of verification and care for incorporation1KEY FCM Offering ,[object Object]
Structures once created can be reused and reapplied without special efforts
Import routine, has the control to replace source data without impacting the Mapped information,[object Object]
Technology Platform: Use of FILE Based platform is vulnerable in large group working
Presentation layer: Reports are essentially static. For analysis, users have to either export to Excel and are able to review only in some specific format1KEY FCM Offering ,[object Object]
Uses standard RDBMS retrieval as well as 1KEY technology & architecture to Extract, Transform & Load data
Uses analytical presentation layers like 1KEY View, 1KEY Cube, 1KEY Chart, 1KEY Dashboard, 1KEY KPI Viewer etc. inbuilt in the 1KEY application,[object Object]
Report generation & information dissemination: Requires lot of manual intervention because users have to develop and consolidate individual files, run reports and then share them for use by other Business Users
Role-based report rights: Users need to segregate data and make it available as different reports for different business users1KEY FCM Offering Organization hierarchy is supported at the report level. i.e.: Report templates can be the same, but user will be able to view only data pertinent to his function / role in the organization Query building is a one-time activity which requires IT intervention. Business Users can run / format / templatise their own reports Once role-based logins are defined in the 1KEY application, data is automatically segregated as per the Business Users role / function
Challenges & Solution Challenge ,[object Object]
Data sanctity across the enterprise / teams: Since Excel is the presentation layer, data editions / deletions often happen knowingly / unknowingly which creates unfriendly scenes / time loss (for data conformance) during team meetings
Data availability: The report shows data as-of the report published time. For real-time data, IT users have to re-run the report and publish it again for Business Users1KEY FCM Offering ,[object Object]
1KEY presentation layers don't allow editions / deletions
Refresh key available on the report level allows Business User to fetch real-time data anytime he wishes to, without going through the iterative process of asking the IT user again & again,[object Object]
Single Report Multiple Data Sources: Requires manual working and prone to errors
User training: Business User needs advanced training on EXCEL, functional aspects and controls1KEY FCM Offering Cube creation happens at the Business User level. Analysis is possible on every parameter with one-time technical activity One time query built-up activity and a single report can show data from multiple data-sources which can be different RDBMSs as well i.e.: SQL, Oracle, DB2, Excel etc. Interface similar to Office Applications, reduces the user training needs, and users increase productivity from 1st day
Challenges & Solution Challenge ,[object Object]
Remote Viewing: One gets snapshots of data, and is under risk of latest file getting missed in review
Static Reports: The formats are vulnerable and gets changed by error1KEY FCM Offering High level snapshots are possible to be given with ROLE Based access control for Total Business Control XML based publishing of data for remote analytics. The user can use the power of Analytics when not connected to Network / Internet Static Report Designer, empower to print various formats Statutory or others based on the Role based Security
Challenges & Solution Challenge Scenario Management: Management expects to have the numbers being compared with multiple scenarios to review performance Audit Trail: Current EXCEL process lacks trace of the changes and hence reduces confidence on output Cost of Compliance: Repetitive Energy is invested in regrouping the same data for different compliance and reviews, leading to increase in Cost and Time 1KEY FCM Offering Empowers the users to analyze the data in Multiple Scenarios against Budgets, with or without specific entry types, testing the change impacts, without affecting the source data and process Exhaustive Audit Trails for the Data Capture and Change Cycles provides greater visibility on the activity and enhances confidence in the process It reduces TIME to CLOSE, provides Single Interface for Multiple Compliance Reporting Structures at One Source - Leading to Great Savings
Challenges & Solution Challenge Multi Period Comparison: External Factors lead to having comparison with Non-Traditional flows for better understanding and reading of datasets Use Interface: Users are expected to remember the cells and sheets that need to be changed, risk of incidental errors is very high 1KEY FCM Offering Comparison & Variance Analysis with various data Period to provide better decision control system Carefully selected Interface and process to help the Functional Users conveniently handle the process with confidence and clarity
3 Idiots Business Mainly Performance Driven with its FOCUS on TOP Line, Bottom line, Growth %age, etc.  Technology Mainly Structure driven where Security takes over the Flexibility and mapping with Business Need. Statutory Compliance  Mainly Procedure driven where Submission of Information in particular formats is focused, often requiring disruption of current processes
Business Stake Holders / Report Users Management Government Banking & Finance Auditors Investors Industry
Technology Multiple Data Input Sources Application Spread across Geographies Multiple Applications for Processes Challenge to manage out of the process information Heavy Dependency on most FLEXIBLE tool EXCEL
Statutory & Compliance Accounting Standards Applicable Compliance / Statutory Reporting Formats Schedule VI of Companies Act US GAAP SEBI Reporting  IFRS Reporting Reporting for Other Authorities Industry Norms & Regulations
Accounting Standards AS 13 – Accounting for Investments This Statement deals with accounting for investments in the financial statements of enterprises and related disclosure requirements. AS 14 – Accounting for Amalgamations This statement deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. This statement is directed principally to companies although some of its requirements also apply to financial statements of other enterprises AS 18 – Related Party Disclosures The objective of this Statement is to establish requirements for disclosure of:  (a) related party relationships; and  (b) transactions between a reporting enterprise and its related parties.  AS 21 – Consolidated Financial Statements The objective of this Statement is to lay down principles and procedures for preparation and presentation of consolidated financial statements. AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements The objective of this Statement is to set out principles and procedures for recognizing, in the consolidated financial statements, the effects of the investments in associates on the financial position and operating results of a group. AS 27 – Financial Reporting of Interests in Joint Ventures The objective of this Statement is to set out principles and procedures for accounting for interests in joint ventures and reporting of joint venture assets, liabilities, income and expenses in the financial statements of ventures and investors.
Eliminate  bottlenecks for faster close A faster close through streamlined financial consolidation and reporting processes – without sacrificing data quality  Safe adaptation to changing needs without having to rebuild or destroy previous reporting scenarios, saving time and money  Confidence and corporate compliance with reliable data for legal reporting and management decisions
What do our teams do USE EXCEL Can we improve their performance?
Excel Chaos Manual spreadsheet generation is a breeding ground for errors Little centralized control on spreadsheet published data Poor data integrity; chances of error very high Inability to react and reflect change in case if any, at speed and with accuracy. Unmanageable consolidation mechanics for mapping chart of accounts hence time consuming A small error in formula may present whole picture in different way Lack of integration with other systems and purely manual each time same laborious work No support for multiple line items in an account Inflexible reporting, so cannot do any analytics on data Little facility to view data across different dimensions, periods, currencies, ratios etc.
Technology Framework
MAIA Intelligence 1KEY Technical Framework Overview Thursday, February 25, 2010
Architecture of 1KEY Agile
TRIAL BALANCELocation 1 TRIAL BALANCELocation 2 TRIAL BALANCELocation 3 TRIAL BALANCELocation ‘n’ 1KEY FCM data flow - Mapping of Ledger Codes with Predefined Schedule VI Structures - Additional Journal    Entries- Currency Details etc. Reporting of the Data 1KEY for AnalyticsExcel for Further processingStatic Reporter for Formatted Printing PROCESS Conversion of multiple TBs into 1KEYFCM Warehouse Processing * Consolidated TB * P&L, B/S, Schedules* Ratio Analysis* Special Reports
1KEY FCM Flow
1KEY BI – Enterprise wide
Get the right direction instantly VIEW has been engineered to fully address the reporting requirements of your organization helping you to compete and win in the marketplace without much effort or compromise.  It provides runtime analysis, grouping, column customizations with Parent-Child Relationships, Drill Down and Drill Back functionalities with a extremely intuitive report formatting for Business users.
Take Intelligent Decision  CUBE is a comprehensive data analysis, data mining, and multi-dimensional visual reporting solution.  With its powerful data architecture, CUBE is able to slice and dice information efficiently and provide users with an extremely intuitive experience. Regardless of the perspective, data can be rendered to answer business questions - and best of all - it allows business users to focus on business rules rather than creating dozens and dozens of reports.
Create Impact with business data CHART is a graphical representation and visual reporting which represents business performance via stunning and meaningful diagrams. It helps to drive organizational achievements by giving information in a much consolidated and easy to understand manner. Runtime user definable drill down & drill back functionality available direct from the charts. Customer segmentation, forecasting, trend analysis, etc. all made easy
Always on and always updating SCHEDULER enables users to schedule the reports as per the recurrence pattern in the variety of formats like PDF, TXT, XLS, HTML, MHT and RTF to be stored on hard disk,  to be emailed to respective business users, or to FTP. It automates the complete process of reporting and avoids the cumbersome work of manually creating and/or delivering reports to respective business users on a periodic basis.
Run your company from anywhere DASHBOARDS, users can define their own Dashboards having combination of multiple reports like View, Gauge, Chart, KPI's, RSS Feeds etc, on one single screen. Dashboard is a reporting tool that can be defined as a user interface for organizing and presenting data in a consolidated manner. Data from multiple sources are integrated and unified for display on a single platform. This makes the information easy to read and comprehend, all on the same screen.
Key Performance Indicators KPI are high-level snapshots of a business or organization based on specific predefined measures. KPIs typically consist of any combination of multiple reports.  They may include global or regional sales figures, personnel stats, real-time supply chain information, or anything else that is deemed critical to a corporation's success. KPI allows goals to be observed with different warning colors that will be switched on as defined giving the user a quick view of how well or how poorly each goal is met. It is the best way to track and represent variances on targets & budgets.
File Reader 1KEY FILE READER is a utility that imports data from Text Files, Excel Files, stores it into 1KEY CUBE or 1KEY VIEW for direct reporting and analytics. 1KEY users get the benefits of another key functionality which not many reporting tools software provide as of today.
Query Expert 1KEY has dynamic query engine with expression builder and model creator. It provides the facility to use simple graphical interface to build SQL statements and create views in a database. It has graphical panes that displays your SQL statements visually and a text pane that displays the text of your SQL statement. You can work in either the graphical or text panes.
Role Based Security 1KEY uses "parametric control" for controlling access over business information which is available to users for their reporting needs. Parameters are mapped to the user hierarchy of the organization and hence the access to the relevant data. Parameters definition can be one of the fields available from the system or can be user defined based on the requirement of the organizations. 
MAIA Intelligence Thank you vikram@maia-intelligence.com Corporate Office: 2/319, Millennium Business Park, Sector 1, Mahape, New Mumbai, India – 400 701 Tel: 91-22-66888999 | Fax:91-22-66889000
User Level Security for Usage and Data Access
Define Chart of Accounts :- User can define multiple chart of Accounts for a Single TB to comply with different statutory and reporting requirements like Schedule VI, IFRS , XBRL etc.
Define Hierarchy :- Definition of organization level , from which TB is to be pulled in 1KEY FCM.
Import TB for  various Entities of the group.
Define exchange rate [Opening, Closing Rate] for Conversion of Final Accounts in Reporting Currency. ( Average Rate would be calculated automatically).
Creation of Various Accounting Group for financial reporting & define type of exchange rate [Opening, Closing, Average] for conversion of PL and BS items.
Define various ledgers under different companies to pass JV & Adjustment entries.
[object Object]
 Define group name for the accounting group , of whose, balance comes in opposite         than their natural characteristics like cr. Bal of Debtors : to be shown in Advance from debtors under current liabilities.,[object Object]
[object Object]
One time activity
Can be copied from previously mapped company(COA) or previous period.
Different COA for the same TB (Company). ,[object Object]
Mapping GL to CoA ,[object Object]
Mapping can be changed as per requirement. ,[object Object]
Can be Copied from previously mapped companies or periods.,[object Object]
 It will automatically capture op. & cl. Bal. from TB. ,[object Object]
To upload or enter Notes to Accounts.
To enter or upload other reports like Director’s report etc.
Enter data and remarks for Budgeting & Planning for various accounting heads.
[object Object]
Can be copied from previously mapped company or period.  ,[object Object]

More Related Content

What's hot

The future of Finance
The future of FinanceThe future of Finance
The future of Financerix1
 
BlackLine Platform Overview Slides
BlackLine Platform Overview SlidesBlackLine Platform Overview Slides
BlackLine Platform Overview SlidesOsten Taylor
 
Onder Senol, CFO at Super Online - Finance Transformation
Onder Senol, CFO at Super Online - Finance TransformationOnder Senol, CFO at Super Online - Finance Transformation
Onder Senol, CFO at Super Online - Finance TransformationGlobal Business Events
 
ASC 606 Webinar: The Impact is on Your Whole Organization
ASC 606 Webinar: The Impact is on Your Whole OrganizationASC 606 Webinar: The Impact is on Your Whole Organization
ASC 606 Webinar: The Impact is on Your Whole OrganizationJade Global
 
Finance Effectiveness Efficiency
Finance Effectiveness EfficiencyFinance Effectiveness Efficiency
Finance Effectiveness EfficiencyIMC Group
 
Automating Key Accountancy Processes
Automating Key Accountancy ProcessesAutomating Key Accountancy Processes
Automating Key Accountancy ProcessesBlackLine
 
Automating Account Reconciliations to Mitigate Compliance Risk
Automating Account Reconciliations to Mitigate Compliance RiskAutomating Account Reconciliations to Mitigate Compliance Risk
Automating Account Reconciliations to Mitigate Compliance RiskProformative, Inc.
 
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...Building a Best-Run Finance Organization: A New Role to Address Today's Busin...
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...FindWhitePapers
 
The Last Mile of Finance
The Last Mile of FinanceThe Last Mile of Finance
The Last Mile of FinanceAnthony D'Ugo
 
Automating Account Reconciliation to Mitigate Compliance Risk
Automating Account Reconciliation to Mitigate Compliance RiskAutomating Account Reconciliation to Mitigate Compliance Risk
Automating Account Reconciliation to Mitigate Compliance RiskProformative, Inc.
 
Best Practices in Creating a Strategic Finance Function
Best Practices in Creating a Strategic Finance FunctionBest Practices in Creating a Strategic Finance Function
Best Practices in Creating a Strategic Finance FunctionFindWhitePapers
 
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2Sanjay Gaggar
 
Systems model 21 jan16 - erj
Systems model   21 jan16 - erjSystems model   21 jan16 - erj
Systems model 21 jan16 - erjEd Jarecki, MBA
 
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...International Federation of Accountants
 
Cfo presentation linked in
Cfo presentation   linked inCfo presentation   linked in
Cfo presentation linked inDavid Boyar
 

What's hot (20)

The future of Finance
The future of FinanceThe future of Finance
The future of Finance
 
BlackLine Platform Overview Slides
BlackLine Platform Overview SlidesBlackLine Platform Overview Slides
BlackLine Platform Overview Slides
 
Onder Senol, CFO at Super Online - Finance Transformation
Onder Senol, CFO at Super Online - Finance TransformationOnder Senol, CFO at Super Online - Finance Transformation
Onder Senol, CFO at Super Online - Finance Transformation
 
ASC 606 Webinar: The Impact is on Your Whole Organization
ASC 606 Webinar: The Impact is on Your Whole OrganizationASC 606 Webinar: The Impact is on Your Whole Organization
ASC 606 Webinar: The Impact is on Your Whole Organization
 
Finance Effectiveness Efficiency
Finance Effectiveness EfficiencyFinance Effectiveness Efficiency
Finance Effectiveness Efficiency
 
Automating Key Accountancy Processes
Automating Key Accountancy ProcessesAutomating Key Accountancy Processes
Automating Key Accountancy Processes
 
IFAC Guide to Compilation Engagements
IFAC Guide to Compilation EngagementsIFAC Guide to Compilation Engagements
IFAC Guide to Compilation Engagements
 
Automating Account Reconciliations to Mitigate Compliance Risk
Automating Account Reconciliations to Mitigate Compliance RiskAutomating Account Reconciliations to Mitigate Compliance Risk
Automating Account Reconciliations to Mitigate Compliance Risk
 
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...Building a Best-Run Finance Organization: A New Role to Address Today's Busin...
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...
 
The Last Mile of Finance
The Last Mile of FinanceThe Last Mile of Finance
The Last Mile of Finance
 
Automating Account Reconciliation to Mitigate Compliance Risk
Automating Account Reconciliation to Mitigate Compliance RiskAutomating Account Reconciliation to Mitigate Compliance Risk
Automating Account Reconciliation to Mitigate Compliance Risk
 
The New Auditor's Report
The New Auditor's ReportThe New Auditor's Report
The New Auditor's Report
 
Limited Assurance Engagements for Practitioners
Limited Assurance Engagements for PractitionersLimited Assurance Engagements for Practitioners
Limited Assurance Engagements for Practitioners
 
New Trends in Healthcare IT
New Trends in Healthcare ITNew Trends in Healthcare IT
New Trends in Healthcare IT
 
Best Practices in Creating a Strategic Finance Function
Best Practices in Creating a Strategic Finance FunctionBest Practices in Creating a Strategic Finance Function
Best Practices in Creating a Strategic Finance Function
 
ISA Guide Orientation Slides
ISA Guide Orientation SlidesISA Guide Orientation Slides
ISA Guide Orientation Slides
 
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2
Finding focus how-non-core-activities-are-blurring-your-strategic-vision-final2
 
Systems model 21 jan16 - erj
Systems model   21 jan16 - erjSystems model   21 jan16 - erj
Systems model 21 jan16 - erj
 
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...
ISRS 4410 (Revised) Compilation Engagements, A Standard for Today's Financial...
 
Cfo presentation linked in
Cfo presentation   linked inCfo presentation   linked in
Cfo presentation linked in
 

Viewers also liked

Wind farm project economics analysis of utility scale power production
Wind farm project economics   analysis of utility scale power productionWind farm project economics   analysis of utility scale power production
Wind farm project economics analysis of utility scale power productionvasishta bhargava
 
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy Board
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy BoardThe ORE Catapult and Future Opportunities,David Arnold,Technology strategy Board
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy BoardInvest Northern Ireland
 
Offshore renewables minimising OPEX Bruce Valpy Nantes 21 May 2015
Offshore renewables  minimising OPEX Bruce Valpy Nantes 21 May 2015Offshore renewables  minimising OPEX Bruce Valpy Nantes 21 May 2015
Offshore renewables minimising OPEX Bruce Valpy Nantes 21 May 2015BVG Associates
 
A Roadmap to Improving a BPO Program
A Roadmap to Improving a BPO ProgramA Roadmap to Improving a BPO Program
A Roadmap to Improving a BPO ProgramTeki Repalda
 
4G (LTE) Business Case for 2.6 GHz
4G (LTE) Business Case for 2.6 GHz4G (LTE) Business Case for 2.6 GHz
4G (LTE) Business Case for 2.6 GHzAndrea Calcagno
 
A Capability Maturity Model for Corporate Performance Management, an Empirica...
A Capability Maturity Model for Corporate Performance Management, an Empirica...A Capability Maturity Model for Corporate Performance Management, an Empirica...
A Capability Maturity Model for Corporate Performance Management, an Empirica...Mika Aho
 
Budget Presentation Template
Budget Presentation TemplateBudget Presentation Template
Budget Presentation Templateajaque
 
Faster financial closing & Effective Management reporting strategies
Faster financial closing & Effective Management reporting strategiesFaster financial closing & Effective Management reporting strategies
Faster financial closing & Effective Management reporting strategiesDr. Dhirendra Gautam
 
SAP Financial Closing Cockpit
SAP Financial Closing CockpitSAP Financial Closing Cockpit
SAP Financial Closing CockpitSurya Padhi
 

Viewers also liked (10)

Wind farm project economics analysis of utility scale power production
Wind farm project economics   analysis of utility scale power productionWind farm project economics   analysis of utility scale power production
Wind farm project economics analysis of utility scale power production
 
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy Board
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy BoardThe ORE Catapult and Future Opportunities,David Arnold,Technology strategy Board
The ORE Catapult and Future Opportunities,David Arnold,Technology strategy Board
 
Offshore renewables minimising OPEX Bruce Valpy Nantes 21 May 2015
Offshore renewables  minimising OPEX Bruce Valpy Nantes 21 May 2015Offshore renewables  minimising OPEX Bruce Valpy Nantes 21 May 2015
Offshore renewables minimising OPEX Bruce Valpy Nantes 21 May 2015
 
A Roadmap to Improving a BPO Program
A Roadmap to Improving a BPO ProgramA Roadmap to Improving a BPO Program
A Roadmap to Improving a BPO Program
 
4G (LTE) Business Case for 2.6 GHz
4G (LTE) Business Case for 2.6 GHz4G (LTE) Business Case for 2.6 GHz
4G (LTE) Business Case for 2.6 GHz
 
A Capability Maturity Model for Corporate Performance Management, an Empirica...
A Capability Maturity Model for Corporate Performance Management, an Empirica...A Capability Maturity Model for Corporate Performance Management, an Empirica...
A Capability Maturity Model for Corporate Performance Management, an Empirica...
 
Budget Presentation Template
Budget Presentation TemplateBudget Presentation Template
Budget Presentation Template
 
Bpo presentation
Bpo presentationBpo presentation
Bpo presentation
 
Faster financial closing & Effective Management reporting strategies
Faster financial closing & Effective Management reporting strategiesFaster financial closing & Effective Management reporting strategies
Faster financial closing & Effective Management reporting strategies
 
SAP Financial Closing Cockpit
SAP Financial Closing CockpitSAP Financial Closing Cockpit
SAP Financial Closing Cockpit
 

Similar to Close your books faster, Error Free with Extensive Analytics - 1KEY Financial Consolidation Management (FCM) for CFO

Complexities of Separating Data in an ERP Environment
Complexities of Separating Data in an ERP EnvironmentComplexities of Separating Data in an ERP Environment
Complexities of Separating Data in an ERP Environmenteprentise
 
Become BI Architect with 1KEY Agile BI Suite - Architecture
Become BI Architect with 1KEY Agile BI Suite  - ArchitectureBecome BI Architect with 1KEY Agile BI Suite  - Architecture
Become BI Architect with 1KEY Agile BI Suite - ArchitectureDhiren Gala
 
10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...
 10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you... 10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...
10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...eprentise
 
prime_bi_brochure
prime_bi_brochureprime_bi_brochure
prime_bi_brochureTiago Felix
 
Updated 2012 IBM Cognos FSR Presentation.pptx
Updated 2012 IBM Cognos FSR Presentation.pptxUpdated 2012 IBM Cognos FSR Presentation.pptx
Updated 2012 IBM Cognos FSR Presentation.pptxroccocarducci
 
Turning your Excel Business Process Workflows into an Automated Business Inte...
Turning your Excel Business Process Workflows into an Automated Business Inte...Turning your Excel Business Process Workflows into an Automated Business Inte...
Turning your Excel Business Process Workflows into an Automated Business Inte...OAUGNJ
 
Accelerated consolidation
Accelerated consolidationAccelerated consolidation
Accelerated consolidationTCM infosys
 
Presentation to the AEA (June 23)
Presentation to the AEA (June 23) Presentation to the AEA (June 23)
Presentation to the AEA (June 23) Daljit Banger
 
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.gueste080564
 
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.renetta
 
Technology Controls in Business - End User Computing
Technology Controls in Business - End User ComputingTechnology Controls in Business - End User Computing
Technology Controls in Business - End User Computingguestc1bca2
 
eBook Spreadsheet to WebAPP
eBook Spreadsheet to WebAPPeBook Spreadsheet to WebAPP
eBook Spreadsheet to WebAPPAbhishek Ranjan
 
Biz Talk in Business
Biz Talk in BusinessBiz Talk in Business
Biz Talk in Businesskalllol
 
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...Amber Wallace
 
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...Jade Global
 
TCM introductory brochure
TCM introductory brochureTCM introductory brochure
TCM introductory brochureTCM infosys
 

Similar to Close your books faster, Error Free with Extensive Analytics - 1KEY Financial Consolidation Management (FCM) for CFO (20)

Complexities of Separating Data in an ERP Environment
Complexities of Separating Data in an ERP EnvironmentComplexities of Separating Data in an ERP Environment
Complexities of Separating Data in an ERP Environment
 
Become BI Architect with 1KEY Agile BI Suite - Architecture
Become BI Architect with 1KEY Agile BI Suite  - ArchitectureBecome BI Architect with 1KEY Agile BI Suite  - Architecture
Become BI Architect with 1KEY Agile BI Suite - Architecture
 
10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...
 10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you... 10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...
10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...
 
prime_bi_brochure
prime_bi_brochureprime_bi_brochure
prime_bi_brochure
 
Updated 2012 IBM Cognos FSR Presentation.pptx
Updated 2012 IBM Cognos FSR Presentation.pptxUpdated 2012 IBM Cognos FSR Presentation.pptx
Updated 2012 IBM Cognos FSR Presentation.pptx
 
Turning your Excel Business Process Workflows into an Automated Business Inte...
Turning your Excel Business Process Workflows into an Automated Business Inte...Turning your Excel Business Process Workflows into an Automated Business Inte...
Turning your Excel Business Process Workflows into an Automated Business Inte...
 
Accelerated consolidation
Accelerated consolidationAccelerated consolidation
Accelerated consolidation
 
Presentation to the AEA (June 23)
Presentation to the AEA (June 23) Presentation to the AEA (June 23)
Presentation to the AEA (June 23)
 
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
 
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
The Use of Spreadsheets: As it relates to Section 404 of the Sarbanes-Oxley Act.
 
Technology Controls in Business - End User Computing
Technology Controls in Business - End User ComputingTechnology Controls in Business - End User Computing
Technology Controls in Business - End User Computing
 
Andrew Thomson Resume
Andrew Thomson ResumeAndrew Thomson Resume
Andrew Thomson Resume
 
Kautilya
KautilyaKautilya
Kautilya
 
Kautilya Er Bi1
Kautilya Er Bi1Kautilya Er Bi1
Kautilya Er Bi1
 
Mayor Farm Manager
Mayor Farm ManagerMayor Farm Manager
Mayor Farm Manager
 
eBook Spreadsheet to WebAPP
eBook Spreadsheet to WebAPPeBook Spreadsheet to WebAPP
eBook Spreadsheet to WebAPP
 
Biz Talk in Business
Biz Talk in BusinessBiz Talk in Business
Biz Talk in Business
 
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
 
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
WEBINAR: Align your Enterprise with Powerful Analytics! Oracle EPBCS (Enterpr...
 
TCM introductory brochure
TCM introductory brochureTCM introductory brochure
TCM introductory brochure
 

More from Dhiren Gala

Big Data for Retail
Big Data for RetailBig Data for Retail
Big Data for RetailDhiren Gala
 
Microsoft SQL Server 2012
Microsoft SQL Server 2012 Microsoft SQL Server 2012
Microsoft SQL Server 2012 Dhiren Gala
 
MAIA Intelligence profiled on DQ Channel Tree
MAIA Intelligence profiled on DQ Channel TreeMAIA Intelligence profiled on DQ Channel Tree
MAIA Intelligence profiled on DQ Channel TreeDhiren Gala
 
XBRL on SaaS Platform
XBRL on SaaS PlatformXBRL on SaaS Platform
XBRL on SaaS PlatformDhiren Gala
 
Barriers to Business Intelligence (BI)
Barriers to Business Intelligence (BI)Barriers to Business Intelligence (BI)
Barriers to Business Intelligence (BI)Dhiren Gala
 
Compliance to Compete
Compliance to CompeteCompliance to Compete
Compliance to CompeteDhiren Gala
 
An Introduction To XBRL
An Introduction To XBRLAn Introduction To XBRL
An Introduction To XBRLDhiren Gala
 
XBRL Presentation
XBRL PresentationXBRL Presentation
XBRL PresentationDhiren Gala
 
Financial Consolidation Management
Financial Consolidation ManagementFinancial Consolidation Management
Financial Consolidation ManagementDhiren Gala
 
Experiments with Social Media & Networking
Experiments with Social Media & NetworkingExperiments with Social Media & Networking
Experiments with Social Media & NetworkingDhiren Gala
 
Best Deployment: Raymond opts for 1KEY FCM - Financial Consolidation
Best Deployment: Raymond opts for 1KEY FCM - Financial ConsolidationBest Deployment: Raymond opts for 1KEY FCM - Financial Consolidation
Best Deployment: Raymond opts for 1KEY FCM - Financial ConsolidationDhiren Gala
 
KPI Dashboard for Port Terminals
KPI Dashboard for Port TerminalsKPI Dashboard for Port Terminals
KPI Dashboard for Port TerminalsDhiren Gala
 
Business Intelligence in Logistics
Business Intelligence in LogisticsBusiness Intelligence in Logistics
Business Intelligence in LogisticsDhiren Gala
 
Business Intelligence in Pharma
Business Intelligence in PharmaBusiness Intelligence in Pharma
Business Intelligence in PharmaDhiren Gala
 
Marketing Analytics with Business Intelligence
Marketing Analytics with Business IntelligenceMarketing Analytics with Business Intelligence
Marketing Analytics with Business IntelligenceDhiren Gala
 
BI at work for Port Operations
BI at work for Port OperationsBI at work for Port Operations
BI at work for Port OperationsDhiren Gala
 
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010Dhiren Gala
 
India's first Business Intelligence (BI)
India's first Business Intelligence (BI)India's first Business Intelligence (BI)
India's first Business Intelligence (BI)Dhiren Gala
 
Business Intelligence (BI) for Manufacturing
Business Intelligence (BI) for ManufacturingBusiness Intelligence (BI) for Manufacturing
Business Intelligence (BI) for ManufacturingDhiren Gala
 

More from Dhiren Gala (20)

Big Data for Retail
Big Data for RetailBig Data for Retail
Big Data for Retail
 
Microsoft SQL Server 2012
Microsoft SQL Server 2012 Microsoft SQL Server 2012
Microsoft SQL Server 2012
 
MAIA Intelligence profiled on DQ Channel Tree
MAIA Intelligence profiled on DQ Channel TreeMAIA Intelligence profiled on DQ Channel Tree
MAIA Intelligence profiled on DQ Channel Tree
 
XBRL on SaaS Platform
XBRL on SaaS PlatformXBRL on SaaS Platform
XBRL on SaaS Platform
 
Barriers to Business Intelligence (BI)
Barriers to Business Intelligence (BI)Barriers to Business Intelligence (BI)
Barriers to Business Intelligence (BI)
 
Compliance to Compete
Compliance to CompeteCompliance to Compete
Compliance to Compete
 
XBRL Overview
XBRL OverviewXBRL Overview
XBRL Overview
 
An Introduction To XBRL
An Introduction To XBRLAn Introduction To XBRL
An Introduction To XBRL
 
XBRL Presentation
XBRL PresentationXBRL Presentation
XBRL Presentation
 
Financial Consolidation Management
Financial Consolidation ManagementFinancial Consolidation Management
Financial Consolidation Management
 
Experiments with Social Media & Networking
Experiments with Social Media & NetworkingExperiments with Social Media & Networking
Experiments with Social Media & Networking
 
Best Deployment: Raymond opts for 1KEY FCM - Financial Consolidation
Best Deployment: Raymond opts for 1KEY FCM - Financial ConsolidationBest Deployment: Raymond opts for 1KEY FCM - Financial Consolidation
Best Deployment: Raymond opts for 1KEY FCM - Financial Consolidation
 
KPI Dashboard for Port Terminals
KPI Dashboard for Port TerminalsKPI Dashboard for Port Terminals
KPI Dashboard for Port Terminals
 
Business Intelligence in Logistics
Business Intelligence in LogisticsBusiness Intelligence in Logistics
Business Intelligence in Logistics
 
Business Intelligence in Pharma
Business Intelligence in PharmaBusiness Intelligence in Pharma
Business Intelligence in Pharma
 
Marketing Analytics with Business Intelligence
Marketing Analytics with Business IntelligenceMarketing Analytics with Business Intelligence
Marketing Analytics with Business Intelligence
 
BI at work for Port Operations
BI at work for Port OperationsBI at work for Port Operations
BI at work for Port Operations
 
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010
Confluent - Monthly magazine by Symbiosis Centre for IT - September 2010
 
India's first Business Intelligence (BI)
India's first Business Intelligence (BI)India's first Business Intelligence (BI)
India's first Business Intelligence (BI)
 
Business Intelligence (BI) for Manufacturing
Business Intelligence (BI) for ManufacturingBusiness Intelligence (BI) for Manufacturing
Business Intelligence (BI) for Manufacturing
 

Recently uploaded

Top 10 Symfony Development Companies 2024
Top 10 Symfony Development Companies 2024Top 10 Symfony Development Companies 2024
Top 10 Symfony Development Companies 2024TopCSSGallery
 
AI presentation and introduction - Retrieval Augmented Generation RAG 101
AI presentation and introduction - Retrieval Augmented Generation RAG 101AI presentation and introduction - Retrieval Augmented Generation RAG 101
AI presentation and introduction - Retrieval Augmented Generation RAG 101vincent683379
 
Extensible Python: Robustness through Addition - PyCon 2024
Extensible Python: Robustness through Addition - PyCon 2024Extensible Python: Robustness through Addition - PyCon 2024
Extensible Python: Robustness through Addition - PyCon 2024Patrick Viafore
 
Strategic AI Integration in Engineering Teams
Strategic AI Integration in Engineering TeamsStrategic AI Integration in Engineering Teams
Strategic AI Integration in Engineering TeamsUXDXConf
 
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...CzechDreamin
 
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdf
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdfHow Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdf
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdfFIDO Alliance
 
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)Julian Hyde
 
Intro in Product Management - Коротко про професію продакт менеджера
Intro in Product Management - Коротко про професію продакт менеджераIntro in Product Management - Коротко про професію продакт менеджера
Intro in Product Management - Коротко про професію продакт менеджераMark Opanasiuk
 
WebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceWebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceSamy Fodil
 
Demystifying gRPC in .Net by John Staveley
Demystifying gRPC in .Net by John StaveleyDemystifying gRPC in .Net by John Staveley
Demystifying gRPC in .Net by John StaveleyJohn Staveley
 
Enterprise Knowledge Graphs - Data Summit 2024
Enterprise Knowledge Graphs - Data Summit 2024Enterprise Knowledge Graphs - Data Summit 2024
Enterprise Knowledge Graphs - Data Summit 2024Enterprise Knowledge
 
IoT Analytics Company Presentation May 2024
IoT Analytics Company Presentation May 2024IoT Analytics Company Presentation May 2024
IoT Analytics Company Presentation May 2024IoTAnalytics
 
AI revolution and Salesforce, Jiří Karpíšek
AI revolution and Salesforce, Jiří KarpíšekAI revolution and Salesforce, Jiří Karpíšek
AI revolution and Salesforce, Jiří KarpíšekCzechDreamin
 
The UX of Automation by AJ King, Senior UX Researcher, Ocado
The UX of Automation by AJ King, Senior UX Researcher, OcadoThe UX of Automation by AJ King, Senior UX Researcher, Ocado
The UX of Automation by AJ King, Senior UX Researcher, OcadoUXDXConf
 
Google I/O Extended 2024 Warsaw
Google I/O Extended 2024 WarsawGoogle I/O Extended 2024 Warsaw
Google I/O Extended 2024 WarsawGDSC PJATK
 
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdf
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdfSimplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdf
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdfFIDO Alliance
 
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdf
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdfThe Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdf
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdfFIDO Alliance
 
How we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfHow we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfSrushith Repakula
 
Powerful Start- the Key to Project Success, Barbara Laskowska
Powerful Start- the Key to Project Success, Barbara LaskowskaPowerful Start- the Key to Project Success, Barbara Laskowska
Powerful Start- the Key to Project Success, Barbara LaskowskaCzechDreamin
 
The Metaverse: Are We There Yet?
The  Metaverse:    Are   We  There  Yet?The  Metaverse:    Are   We  There  Yet?
The Metaverse: Are We There Yet?Mark Billinghurst
 

Recently uploaded (20)

Top 10 Symfony Development Companies 2024
Top 10 Symfony Development Companies 2024Top 10 Symfony Development Companies 2024
Top 10 Symfony Development Companies 2024
 
AI presentation and introduction - Retrieval Augmented Generation RAG 101
AI presentation and introduction - Retrieval Augmented Generation RAG 101AI presentation and introduction - Retrieval Augmented Generation RAG 101
AI presentation and introduction - Retrieval Augmented Generation RAG 101
 
Extensible Python: Robustness through Addition - PyCon 2024
Extensible Python: Robustness through Addition - PyCon 2024Extensible Python: Robustness through Addition - PyCon 2024
Extensible Python: Robustness through Addition - PyCon 2024
 
Strategic AI Integration in Engineering Teams
Strategic AI Integration in Engineering TeamsStrategic AI Integration in Engineering Teams
Strategic AI Integration in Engineering Teams
 
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...
SOQL 201 for Admins & Developers: Slice & Dice Your Org’s Data With Aggregate...
 
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdf
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdfHow Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdf
How Red Hat Uses FDO in Device Lifecycle _ Costin and Vitaliy at Red Hat.pdf
 
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)
Measures in SQL (a talk at SF Distributed Systems meetup, 2024-05-22)
 
Intro in Product Management - Коротко про професію продакт менеджера
Intro in Product Management - Коротко про професію продакт менеджераIntro in Product Management - Коротко про професію продакт менеджера
Intro in Product Management - Коротко про професію продакт менеджера
 
WebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceWebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM Performance
 
Demystifying gRPC in .Net by John Staveley
Demystifying gRPC in .Net by John StaveleyDemystifying gRPC in .Net by John Staveley
Demystifying gRPC in .Net by John Staveley
 
Enterprise Knowledge Graphs - Data Summit 2024
Enterprise Knowledge Graphs - Data Summit 2024Enterprise Knowledge Graphs - Data Summit 2024
Enterprise Knowledge Graphs - Data Summit 2024
 
IoT Analytics Company Presentation May 2024
IoT Analytics Company Presentation May 2024IoT Analytics Company Presentation May 2024
IoT Analytics Company Presentation May 2024
 
AI revolution and Salesforce, Jiří Karpíšek
AI revolution and Salesforce, Jiří KarpíšekAI revolution and Salesforce, Jiří Karpíšek
AI revolution and Salesforce, Jiří Karpíšek
 
The UX of Automation by AJ King, Senior UX Researcher, Ocado
The UX of Automation by AJ King, Senior UX Researcher, OcadoThe UX of Automation by AJ King, Senior UX Researcher, Ocado
The UX of Automation by AJ King, Senior UX Researcher, Ocado
 
Google I/O Extended 2024 Warsaw
Google I/O Extended 2024 WarsawGoogle I/O Extended 2024 Warsaw
Google I/O Extended 2024 Warsaw
 
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdf
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdfSimplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdf
Simplified FDO Manufacturing Flow with TPMs _ Liam at Infineon.pdf
 
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdf
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdfThe Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdf
The Value of Certifying Products for FDO _ Paul at FIDO Alliance.pdf
 
How we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfHow we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdf
 
Powerful Start- the Key to Project Success, Barbara Laskowska
Powerful Start- the Key to Project Success, Barbara LaskowskaPowerful Start- the Key to Project Success, Barbara Laskowska
Powerful Start- the Key to Project Success, Barbara Laskowska
 
The Metaverse: Are We There Yet?
The  Metaverse:    Are   We  There  Yet?The  Metaverse:    Are   We  There  Yet?
The Metaverse: Are We There Yet?
 

Close your books faster, Error Free with Extensive Analytics - 1KEY Financial Consolidation Management (FCM) for CFO

  • 1. MAIA Intelligence Agenda & Corporate Overview Thursday, February 25, 2010
  • 2. Agenda MAIA Corporate Overview Current closing process & Financial Consolidation challenges Overview on 1KEY Technology Framework Financial Consolidation Management - Solution overview Panel Discussion ‘Reducing Timelines For Reporting Cycle’ Tea and Snacks
  • 3. Today’s theme Consolidated financial statements & Reporting should factor the holding company's subsidiaries into its aggregated accounting figure Representing how the holding company is doing as a group The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group Eliminating and Consolidating entries to work back from individual financial statements to a group financial statement Accurate representing the final outcome from a Statutory as well as Decision Making point of view
  • 5. MAIA Product Offerings Reporting & Analysis Software Financial Consolidation Management software Audit cum data investigation tool extensible Business Reporting Language Software
  • 8.
  • 10. The 1KEY BI Philosophy…
  • 11.
  • 12. MAIA Intelligence Thank you vikram@maia-intelligence.com Corporate Office: 2/319, Millennium Business Park, Sector 1, Mahape, New Mumbai, India – 400 701 Tel: 91-22-66888999 | Fax:91-22-66889000
  • 13. CA Ashwin Dedhia, Director – Solutions MAIA Intelligence
  • 14. Financial Reporting Last Decade 12 to 18 months statements were made and closed in few quarters after the end of period Consolidated Statements were not Mandatory Current Decade Yearly & Quarterly Statements were made and closed in few months after the end of period Consolidated Statements became Mandatory (AS-21) Expectations Today Yearly, Quarterly & Monthly Statements are required to be closed in weeks & days Consolidated Statements required by LAW and also Management
  • 15. Why we need FCM As an organization grows, so does the difficulty of its financial consolidation and reporting challenge. Organizations have to deal with multiple currencies, geographies various accounting standards Changing reporting requirements Compliance Regulations. Integration of new business units into the reporting chain. Through all of this, the organization must balance the need for precise financial reporting and corporate governance with the need for timeliness in meeting reporting deadlines
  • 17.
  • 18. User Change Management: Change of Person, increases the time required to do consolidation and is prone to risk of errors
  • 19.
  • 20. Structures once created can be reused and reapplied without special efforts
  • 21.
  • 22. Technology Platform: Use of FILE Based platform is vulnerable in large group working
  • 23.
  • 24. Uses standard RDBMS retrieval as well as 1KEY technology & architecture to Extract, Transform & Load data
  • 25.
  • 26. Report generation & information dissemination: Requires lot of manual intervention because users have to develop and consolidate individual files, run reports and then share them for use by other Business Users
  • 27. Role-based report rights: Users need to segregate data and make it available as different reports for different business users1KEY FCM Offering Organization hierarchy is supported at the report level. i.e.: Report templates can be the same, but user will be able to view only data pertinent to his function / role in the organization Query building is a one-time activity which requires IT intervention. Business Users can run / format / templatise their own reports Once role-based logins are defined in the 1KEY application, data is automatically segregated as per the Business Users role / function
  • 28.
  • 29. Data sanctity across the enterprise / teams: Since Excel is the presentation layer, data editions / deletions often happen knowingly / unknowingly which creates unfriendly scenes / time loss (for data conformance) during team meetings
  • 30.
  • 31. 1KEY presentation layers don't allow editions / deletions
  • 32.
  • 33. Single Report Multiple Data Sources: Requires manual working and prone to errors
  • 34. User training: Business User needs advanced training on EXCEL, functional aspects and controls1KEY FCM Offering Cube creation happens at the Business User level. Analysis is possible on every parameter with one-time technical activity One time query built-up activity and a single report can show data from multiple data-sources which can be different RDBMSs as well i.e.: SQL, Oracle, DB2, Excel etc. Interface similar to Office Applications, reduces the user training needs, and users increase productivity from 1st day
  • 35.
  • 36. Remote Viewing: One gets snapshots of data, and is under risk of latest file getting missed in review
  • 37. Static Reports: The formats are vulnerable and gets changed by error1KEY FCM Offering High level snapshots are possible to be given with ROLE Based access control for Total Business Control XML based publishing of data for remote analytics. The user can use the power of Analytics when not connected to Network / Internet Static Report Designer, empower to print various formats Statutory or others based on the Role based Security
  • 38. Challenges & Solution Challenge Scenario Management: Management expects to have the numbers being compared with multiple scenarios to review performance Audit Trail: Current EXCEL process lacks trace of the changes and hence reduces confidence on output Cost of Compliance: Repetitive Energy is invested in regrouping the same data for different compliance and reviews, leading to increase in Cost and Time 1KEY FCM Offering Empowers the users to analyze the data in Multiple Scenarios against Budgets, with or without specific entry types, testing the change impacts, without affecting the source data and process Exhaustive Audit Trails for the Data Capture and Change Cycles provides greater visibility on the activity and enhances confidence in the process It reduces TIME to CLOSE, provides Single Interface for Multiple Compliance Reporting Structures at One Source - Leading to Great Savings
  • 39. Challenges & Solution Challenge Multi Period Comparison: External Factors lead to having comparison with Non-Traditional flows for better understanding and reading of datasets Use Interface: Users are expected to remember the cells and sheets that need to be changed, risk of incidental errors is very high 1KEY FCM Offering Comparison & Variance Analysis with various data Period to provide better decision control system Carefully selected Interface and process to help the Functional Users conveniently handle the process with confidence and clarity
  • 40.
  • 41. 3 Idiots Business Mainly Performance Driven with its FOCUS on TOP Line, Bottom line, Growth %age, etc. Technology Mainly Structure driven where Security takes over the Flexibility and mapping with Business Need. Statutory Compliance Mainly Procedure driven where Submission of Information in particular formats is focused, often requiring disruption of current processes
  • 42. Business Stake Holders / Report Users Management Government Banking & Finance Auditors Investors Industry
  • 43. Technology Multiple Data Input Sources Application Spread across Geographies Multiple Applications for Processes Challenge to manage out of the process information Heavy Dependency on most FLEXIBLE tool EXCEL
  • 44. Statutory & Compliance Accounting Standards Applicable Compliance / Statutory Reporting Formats Schedule VI of Companies Act US GAAP SEBI Reporting IFRS Reporting Reporting for Other Authorities Industry Norms & Regulations
  • 45. Accounting Standards AS 13 – Accounting for Investments This Statement deals with accounting for investments in the financial statements of enterprises and related disclosure requirements. AS 14 – Accounting for Amalgamations This statement deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. This statement is directed principally to companies although some of its requirements also apply to financial statements of other enterprises AS 18 – Related Party Disclosures The objective of this Statement is to establish requirements for disclosure of: (a) related party relationships; and (b) transactions between a reporting enterprise and its related parties. AS 21 – Consolidated Financial Statements The objective of this Statement is to lay down principles and procedures for preparation and presentation of consolidated financial statements. AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements The objective of this Statement is to set out principles and procedures for recognizing, in the consolidated financial statements, the effects of the investments in associates on the financial position and operating results of a group. AS 27 – Financial Reporting of Interests in Joint Ventures The objective of this Statement is to set out principles and procedures for accounting for interests in joint ventures and reporting of joint venture assets, liabilities, income and expenses in the financial statements of ventures and investors.
  • 46. Eliminate bottlenecks for faster close A faster close through streamlined financial consolidation and reporting processes – without sacrificing data quality Safe adaptation to changing needs without having to rebuild or destroy previous reporting scenarios, saving time and money Confidence and corporate compliance with reliable data for legal reporting and management decisions
  • 47. What do our teams do USE EXCEL Can we improve their performance?
  • 48. Excel Chaos Manual spreadsheet generation is a breeding ground for errors Little centralized control on spreadsheet published data Poor data integrity; chances of error very high Inability to react and reflect change in case if any, at speed and with accuracy. Unmanageable consolidation mechanics for mapping chart of accounts hence time consuming A small error in formula may present whole picture in different way Lack of integration with other systems and purely manual each time same laborious work No support for multiple line items in an account Inflexible reporting, so cannot do any analytics on data Little facility to view data across different dimensions, periods, currencies, ratios etc.
  • 50. MAIA Intelligence 1KEY Technical Framework Overview Thursday, February 25, 2010
  • 52. TRIAL BALANCELocation 1 TRIAL BALANCELocation 2 TRIAL BALANCELocation 3 TRIAL BALANCELocation ‘n’ 1KEY FCM data flow - Mapping of Ledger Codes with Predefined Schedule VI Structures - Additional Journal Entries- Currency Details etc. Reporting of the Data 1KEY for AnalyticsExcel for Further processingStatic Reporter for Formatted Printing PROCESS Conversion of multiple TBs into 1KEYFCM Warehouse Processing * Consolidated TB * P&L, B/S, Schedules* Ratio Analysis* Special Reports
  • 54.
  • 55. 1KEY BI – Enterprise wide
  • 56. Get the right direction instantly VIEW has been engineered to fully address the reporting requirements of your organization helping you to compete and win in the marketplace without much effort or compromise. It provides runtime analysis, grouping, column customizations with Parent-Child Relationships, Drill Down and Drill Back functionalities with a extremely intuitive report formatting for Business users.
  • 57. Take Intelligent Decision CUBE is a comprehensive data analysis, data mining, and multi-dimensional visual reporting solution. With its powerful data architecture, CUBE is able to slice and dice information efficiently and provide users with an extremely intuitive experience. Regardless of the perspective, data can be rendered to answer business questions - and best of all - it allows business users to focus on business rules rather than creating dozens and dozens of reports.
  • 58. Create Impact with business data CHART is a graphical representation and visual reporting which represents business performance via stunning and meaningful diagrams. It helps to drive organizational achievements by giving information in a much consolidated and easy to understand manner. Runtime user definable drill down & drill back functionality available direct from the charts. Customer segmentation, forecasting, trend analysis, etc. all made easy
  • 59. Always on and always updating SCHEDULER enables users to schedule the reports as per the recurrence pattern in the variety of formats like PDF, TXT, XLS, HTML, MHT and RTF to be stored on hard disk, to be emailed to respective business users, or to FTP. It automates the complete process of reporting and avoids the cumbersome work of manually creating and/or delivering reports to respective business users on a periodic basis.
  • 60. Run your company from anywhere DASHBOARDS, users can define their own Dashboards having combination of multiple reports like View, Gauge, Chart, KPI's, RSS Feeds etc, on one single screen. Dashboard is a reporting tool that can be defined as a user interface for organizing and presenting data in a consolidated manner. Data from multiple sources are integrated and unified for display on a single platform. This makes the information easy to read and comprehend, all on the same screen.
  • 61. Key Performance Indicators KPI are high-level snapshots of a business or organization based on specific predefined measures. KPIs typically consist of any combination of multiple reports. They may include global or regional sales figures, personnel stats, real-time supply chain information, or anything else that is deemed critical to a corporation's success. KPI allows goals to be observed with different warning colors that will be switched on as defined giving the user a quick view of how well or how poorly each goal is met. It is the best way to track and represent variances on targets & budgets.
  • 62. File Reader 1KEY FILE READER is a utility that imports data from Text Files, Excel Files, stores it into 1KEY CUBE or 1KEY VIEW for direct reporting and analytics. 1KEY users get the benefits of another key functionality which not many reporting tools software provide as of today.
  • 63. Query Expert 1KEY has dynamic query engine with expression builder and model creator. It provides the facility to use simple graphical interface to build SQL statements and create views in a database. It has graphical panes that displays your SQL statements visually and a text pane that displays the text of your SQL statement. You can work in either the graphical or text panes.
  • 64. Role Based Security 1KEY uses "parametric control" for controlling access over business information which is available to users for their reporting needs. Parameters are mapped to the user hierarchy of the organization and hence the access to the relevant data. Parameters definition can be one of the fields available from the system or can be user defined based on the requirement of the organizations. 
  • 65.
  • 66.
  • 67.
  • 68.
  • 69. MAIA Intelligence Thank you vikram@maia-intelligence.com Corporate Office: 2/319, Millennium Business Park, Sector 1, Mahape, New Mumbai, India – 400 701 Tel: 91-22-66888999 | Fax:91-22-66889000
  • 70.
  • 71. User Level Security for Usage and Data Access
  • 72. Define Chart of Accounts :- User can define multiple chart of Accounts for a Single TB to comply with different statutory and reporting requirements like Schedule VI, IFRS , XBRL etc.
  • 73. Define Hierarchy :- Definition of organization level , from which TB is to be pulled in 1KEY FCM.
  • 74. Import TB for various Entities of the group.
  • 75.
  • 76. Define exchange rate [Opening, Closing Rate] for Conversion of Final Accounts in Reporting Currency. ( Average Rate would be calculated automatically).
  • 77. Creation of Various Accounting Group for financial reporting & define type of exchange rate [Opening, Closing, Average] for conversion of PL and BS items.
  • 78. Define various ledgers under different companies to pass JV & Adjustment entries.
  • 79.
  • 80.
  • 81.
  • 82.
  • 84. Can be copied from previously mapped company(COA) or previous period.
  • 85.
  • 86.
  • 87.
  • 88.
  • 89.
  • 90. To upload or enter Notes to Accounts.
  • 91.
  • 92. To enter or upload other reports like Director’s report etc.
  • 93. Enter data and remarks for Budgeting & Planning for various accounting heads.
  • 94.
  • 95.
  • 96.
  • 97.
  • 98.
  • 99.
  • 100. Financial Reports & Dashboards
  • 101. Profit & Loss Columnar Compliance Reporting
  • 102. Profit & Loss Columnar Schedule Compliance Reporting
  • 103. Balance Sheet with Comparison Compliance Reporting
  • 104. Balance Sheet Columnar Compliance Reporting
  • 105. Balance Sheet Schedule Comparison Compliance Reporting
  • 106. Fixed Asset Schedule Compliance Reporting
  • 109. KEY Performance Indicator& Hierarchical Reporting Management Reporting
  • 110. Graphical Representation of Data Management Reporting Sales & Operating Income
  • 111. Slice & Dice Contents Management Reporting
  • 112. Questions that get Addressed How do the balance sheets of different subsidiaries compare? What is the variance of assets, liabilities and equity between two selected time periods? What is the Net Working Capital of the company? Which business unit caused cash drain in a particular period? What is the breakdown of shareholders equity in a certain period? What is the leverage and liquidity of the company? What is the profit margin of each business unit and/or geographic region? How have margins changed month-to-month over the past year? Which business units are hitting their margin targets? Which are falling short? Which business units are more than 10% above/below their contribution targets? Which units or regions are over budget by more than 5%? Which departments have the highest contribution per employee? Are there trends underlying any revenue or expense categories that need immediate attention?
  • 113. Risks / Pitfalls to Watch out for Successful Implementation Kick off meeting involving the stake-holders of the project Clarity of expectations at the early stage of Project Planning Involvement of Internal Team in the process Ownership to be shared with Implementation Partners, they shall be out after 1st Phase of working Regular Review and monitoring of the Implementation Project jointly with Stakeholders
  • 114.
  • 115. Interaction with Experts Panel Discussion ‘Reducing Timelines For Reporting Cycle’