2015-06-04 solving your budget management challenges raffa & prophix

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 szarny@raffa.com 301.379.6500 Buu-Linh Tran – Raffa btran@raffa.com 301.279.6511 Nicole Diceman – Prophix ndiceman@prophix.com

Helping Great Organizations Thrive