Budgeting, Planning & Period Closes

Faster, easier, secure and flexible

July 2016

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Why Financial Driver?• Spreadsheets are great

– Flexible– Familiar– Free– Pervasive– An easy starting point

• But– Difficult to scale– Difficult to maintain– Security

• ‘who sees what’ difficult to manage• Not easy to lock closed periods and keep periods open for update

– No version control

© Financial Driver

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Benefits• Flexible• Scalable• Workflow saves precious time• Easy to implement & update• Easy consolidation • Easy to maintain• Accountant influenced design• Little or no training needed• BPM at an attractive price

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Reliable, Flexible & Secure• Simple, user-managed structure• Reflects your organisation• Intuitive user interface

– Existing accounting staff can manage with minimal training

– End-users contribute through intuitive spreadsheet-like forms

• Secure, multi-user access to a single data store

• Flexible data collection– Spreadsheet-like user input forms– Multiple ledgers– Other external data– Multi-currency and multi-company

• Respects International Accounting Standards/UK GAAP

• Powerful reporting and analyses• Optional export to spreadsheets

© Financial Driver

Easily tailored to your needs• Accounting staff can easily set up

– Organisational structure– Easily managed user rights

• Contributor• Approver• Consolidator• Administrator

– Scheme of Accounts– Product and Services Groupings

• Provides multiple views based on a single database for

– Sales & Marketing– Production and logistics– Financial managers– And others

• Standard reporting from Financial Driver• Plus export to spreadsheet where

needed• Workflow accelerates the speed of each

budgetary cycle• Easy standard Consolidation for

– budgets and forecasts– Month/quarter/annual closes

Secure Web Access

Centrally HostedDatabase

Central ReportingModel

Secure Web Access

Financial Driver

Workflow

Currency

Conversion

Consolid

ation

Spreadsheet-li

ke

Data entry

Data fil

e

Mapping & load

ing

Local cu

bes

Spreadsheet

access

Web ac

cess

Online reporting

OLAP cube

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Multi - dimensional

© Financial Driver

Dimension 3:Cost Centres

Dimension 1:

AccountsDimension 2:Months

JanFebMarQ1AprMay

Cost Centre ACost Centre BCost Centre C…

Company Total

Spreadsheets have three dimensions: row, column, sheet

Financial Driver has six dimensions:Cost centre, account, year, month, version, other

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What does that mean for me - Sales

© Financial Driver

Actual sales of product P110 made in the Wales in May 2015

Easy to use & IntuitiveAll data held in central database controlled by a secure logon for immediate review and consolidation.

Users alerted by email when input or approval is required. Users provided customised views for data entry and review in a familiar spreadsheet environment. Example below shows locked ( white) and open cells for data entry ( yellow)

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Reviewers can see their department’s submissions and status

Reviewers can see status of submission for each region under their control

Reviewers can select and review each worksheet which is locked whilst users are still working on data.

Once approved Reviewers have option to send email to contributors with any comments

Consolidators can see the status of submissions at any time ….

… and quickly view any data held for any version or view data in online reports

Integrated Workflow eases consolidators’ workload

Calculate and ConsolidateMake adhoc or batch calculations receiving emails once complete

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Administrators can easily manage users and organisation

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Online Formatted Reports

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Export to Excel for reporting if necessary

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Standards & Capabilities• Cloud Solution

hosted on standard Microsoft platform

• Microsoft SQL• Microsoft Analysis

Services• Java, C++, HTML• .NET

No practical limit• Multi company• Multi currency• Ledger Agnostic• Multi Levels

– in organisation– product families

• but at extreme may impact performance

© Financial Driver