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Managing Global Consolidation with Localization of Financial Management
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Professional Accounting Managing Global Consolidation with Localization of Financial Management
FESA
Website: http://www.fesa-s.com Email: [email protected] Last update: 2-Jan-2014
Scope of Solutions & Services Mix
Level
of
Au
tom
ati
on
& I
nvestm
en
t
FESA Query
FESA Planning
FESA Financial
FESA Consol
FESA Professional
Accounting
FESA Analyst
Budget Planning & Rolling Forecast
Management Reporting
Regional Financial Management
Group Consolidation & Budgeting
Multinational Financial Management
Analytical Performance Management
FESA Consolidation Series
Transaction Voucher Ledger
Report
Processing Rules
Data Storage
Query Formulas
Financial & Professional Accounting
Posting Options
Financial & Professional Accounting Financial and Processional Accounting dealt with more scenario,
dimensional, and dynamic views of financial management in both
operational and strategic levels. Some of the following sub-systems
specialized in different areas of extended finance functions are matching
with the current priorities of your organizations:
FESA Job Management
FESA Lease
FESA Payable
FESA Payroll
FESA Receivable
FESA Reconciliation
FESA Reimbursement
FESA Revaluation
FESA Procurement
FESA Treasury
FESA Allocation
FESA Amortization
FESA Billing
FESA Budget Control
FESA Disclosure
FESA Financial Close
FESA Fixed Asset
FESA Incentive
FESA Inter-company
FESA Inventory
Many organizations during the last two decades have been moving from
disconnected systems to centralize ERP systems now reviewing the
current implementations in front of new challenges and new technologies.
Financial & Professional Accounting These add-on sub-systems of Financial & Professional Accounting can be
classified in to three main streams of specialization:
Other Advanced Accounting specialization • Financial Close
– Revaluation – Allocation – Amortization – Reconciliation – Disclosure – And More..
Assets & Liabilities Specialization • Fixed Asset • Inventory • Treasury
– Receivable – Lease – Payable – Payroll – Incentive – Inter-company – And More..
• And More..
Other Business Process Specialization • Job Management • Billing • Procurement • Budget Control • Reimbursement • And More..
Managing Relevant Scenarios of Liabilities Throughout Every Stage of Liability Life Cycle
FESA Payable
Lia
bility S
cenarios
Recorded Liabilities
Plan Obligation Approved Budget
Approved PR & Signed PO
Commitments
Possible Obligation
Contingent Liabilities
Uncertain Settlement
Present Obligation
Received Goods / Rendered Services
Determining on D/N, GRN, PO, Invoice and/or
Creditor Statement
Trade Payables
Other Payables
Estimation Accrued Expenses
Financing
Loan
Bank Overdrafts
Bills Payables
Interest Payables
Unrecorded Liabilities
Discrepancy Against Creditors
Negative Liabilities
Duplicated Settlement
Over Settlement
Settle Without Elim Receivables
Relevant Liability Scenarios
Provision
Contr
acting P
art
ies
Outflow of Resources to Contracting
Parties
Shareholders
Fellow Subsidiaries
Holdings
Subsidiaries
JVs & Associates
Key Management
Employees
Customers
Suppliers
Service Providers
Banker
Regulatory Bodies
Multi-face of Contracting Parties
Any of your creditor may be changing their face from time to time
These creditors can have different contractual relationships with your group at the same time
They may have requested you to settle liabilities with different scenarios over time
They may deal with your group across different business units and companies
Managing Seven Stages of Liability Life Cycle
Budgeted Liabilities
• Approved Budget
Utilizing Budgeted Liabilities
• Approved Purchase Requisitions
Committed Liabilities
• Signed Purchase Orders
Incurred Liabilities
• Received Goods or Rendered Services
Invoiced Liabilities
• Received Invoices
Confirmed Liabilities
• Confirmed Contracting Parties
Settled Liabilities
• Registered Evidences
Minimizing Financial Risks: • Overdue Settlement • Unrecorded Liabilities • Duplicated/Over Settlement • Late Closing of Total Liabilities • Over Utilization of Budgeted Liabilities
Relevant Liability Dimensions for Every Stages of Liability Life Cycle
Budgeted Liabilities
Utilizing Budgeted Liabilities
Committed Liabilities
Incurred Liabilities
Invoiced Liabilities
Confirmed Liabilities
Settled Liabilities
Analyzed by consolidation group, legal entity & business unit
Analyzed by date, expense and liability nature, department & project
Analyzed by contracting party & relationship
Analyzed by contracting currency
Analyzed by aging (incur & due date)
Analyzed by movement type
Analyzed by settlement type
Contr
acting P
art
ies
Managing Risk of Holding Inventories
FESA Inventory
Sale
Inventory Membership
Purchase
Inventory Risk Management
Sale Amount and Quantity
Cost Amount and Quantity
Purchase Amount and Quantity
Stock Amount and Quantity
Sell Thru % = Qty Sold / (Qty On-Hand + Qty Sold)
Gross Profit % = ( Sale Amount – Cost Amount ) / Sale Amount
Inventory Measurements
No longer deal with merely FIFO and EOQ measurement
Summary to Summery Reporting
Maximizing the Relevance of Financial Information for Decision Making
FESA Allocation
Service Department
HR Finance Admin Marketing IT Others
Hotel
Retailing
Financial Services
Other Business
••••••••••••••••••••••••••••••••••
Provide Services to Business Units
Business Unit
FESA Allocation
FlexSystem
Enterprise
Software
Architecture
Web & Windows Login Client
Connectivity • Internet and cloud ready • Thin-client technology (support low bandwidth) • Web and Windows/Excel login client
Scalability • Multi-user • Message center • Scheduling and queuing
Usability • Multi-language • Rich user interface
Security • Data encryption • Server activity log
Extensibility • Application expression (AX) • System integration (Internal and external)
FESA (A 5-tiers Software Architecture)
Standardization
Control Collection
Elimination
Versioning
Tagging
Alert
Aggregation
FESA
Configuration Configuration Configuration Configuration Configuration Configuration
Configuration Configuration Configuration Configuration Configuration Configuration
Configuration Configuration Configuration Configuration Configuration Configuration
Configuration Configuration Configuration Configuration Configuration Configuration
Configuration Configuration Configuration Configuration Configuration Configuration
Configuration Configuration Configuration Configuration Configuration Configuration
AVESTA @ 6 Major Software Modules
Reporting Storage
Transformation
Standardization
FESA Planning
FESA Consol
FESA Financial
Elimination
Versioning
FESA Analyst
Tagging
Alert
FESA Pro A/C
Aggregation
FESA Query
Audit Trial & Reporting
Efficient Efficient Efficient Efficient Optimize Optimize
Dual Models
Common Data Set
Dynamic
Lookup
Dynamic Lookup
Multi-
dimension
Lookup
Dynamic Lookup
Dynamic Lookup
Process & Analytical
Process
Management
Process
Management
Process
Management
& Ana. Group
Process
Management
Process
Management
Common Data Set
Common Data Set
Query Formula
Reporting Audit Trial &
Reporting
Audit Trial & Reporting
Audit Trial & Reporting
Audit Trial & Reporting
Multi-
dimension
Lookup
Analysis Group
Process
Management
& Ana. Group
N/A
AVESTA @ 6 Major Solutions
Query Formula
Query Formula
Dual Models
Dual Models
FESA Planning
FESA Consol
FESA Financial
FESA Analyst
FESA Pro A/C
FESA Query
Allocation,
Currency & Mapping
Rule-based
Entry Screen
& Upload
Triple Models
Customize Standard
Upload
Excel
N/A
Dual Data Store
Basic
Standard
Basic +
Optional
Triple Models
Amortization Rule-based Rule-based
Dual Data Store
Dual Data Store
Dual Data Store
Optimize Data Store
Optimize Data Store
Customize Customize
Standard +
Optional
Standard +
Optional
Standard +
Optional
Advanced +
Optional
Advanced +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Advanced +
Optional
Upload
Excel
Upload
Excel
Control
Collection
FESA
Reporting
Storage
Transformation
6 Major Modules @ 6 Major Solutions