2015-06-04 solving your budget management challenges raffa & prophix
TRANSCRIPT
Thrive. Grow. Achieve.
Make Your 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
AGENDA
• INTRODUCTIONS & AGENDA
• INTRODUCTION TO CPM & PROPHIX
• PRODUCT DEMONSTRATION
• Q&A
2
CHALLENGES
THE OFFICE OF FINANCE FACES NEW CHALLENGES
• COMPANIES TODAY CAN ACCESS MORE DATA
• THEY NEED TO FORECAST MORE OFTEN
• COLLABORATION IS A FUNDAMENTAL REQUIREMENT
3
SPREADSHEET PAINS
• LABOR AND TIME INTENSIVE
• ERROR PRONE
• DATA INTEGRITY ISSUES & VERSION CONTROL
• CONFIDENCE IN PROCESS
• MULTIPLE USER ACCESSIBILITY
• INCOMPLETE SOLUTION
• LACK OF ACCOUNTABILITY, OWNERSHIP AND COLLABORATION
4
WHAT IS CORPORATE PERFORMANCE 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
• BIG COMPANIES
• BIG PROJECTS
• VERY EXPENSIVE
• VERY “STRATEGIC”
CPM IN THE PAST
CPM TODAY
7
Automating non-transactional processes in the Finance Department
such as…
• BUDGETING
• MONTHLY REPORTING
• MID-YEAR FORECASTING
• FINANCIAL CONSOLIDATIONS
• SCORECARDS
• OPERATIONAL PLANNING
CPM TODAY
8
• MORE OFTEN
• MORE DATA
• MORE PEOPLE
DEMO OVERVIEW
9
MONITORING PERFORMANCE 01
STREAMLINING OPEX PLANNING 02
UNLOCKING PERSONNEL PLANNING 03
ACCELERATING SALES PLANNING 04
IMPROVING STRATEGIC DECISION-MAKING 05
06 AUTOMATING REPORTING
DEMO – LET’S SEE PROPHIX
10
PROPHIX SOLUTIONS
11
QUESTIONS & ANSWERS
12
Seth Zarny – Raffa [email protected] 301.379.6500 Buu-Linh Tran – Raffa [email protected] 301.279.6511 Nicole Diceman – Prophix [email protected]
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