QAD Explore 2012
Financial Overview and Next Steps
René Bergkamp
Vice-President of R&D, Financials, QAD
Financial overview and next steps
Safe Harbor Statement
The following is intended to outline QAD’s general
product direction. It is intended for information
purposes only, and may not be incorporated into
any contract. It is not a commitment to deliver
any material, code, functional capabilities, and
should not be relied upon in making purchasing
decisions. The development, release, and timing
of any features or functional capabilities
described for QAD’s products remains at the sole
discretion of QAD.
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Financial overview and next steps
Agenda
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The Effective Enterprise
QAD Enterprise Financials
New in QAD Enterprise Financials 2012
Financial Report Writer
What is next
Questions
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Financial overview and next steps
Effective Enterprise
“An Effective Enterprise is one where every
business process is working at peak
efficiency and perfectly aligned to the
company’s strategic goals. ”
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Financial overview and next steps: Effective Enterprise
Effectiveness of Finance
• 1990’s: Implementation of ERP/Finance
systems reduces average cost of operating
a finance department relative to a
company’s revenue
• Since then limited improvements in
efficiency
- Increased compliance costs
- Change in drive towards improving companies
performance
• Change of focus to effectiveness
- Efficiency and effectiveness can clash
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Financial overview and next steps: Effective Enterprise
Effectiveness of Enterprise Financials
• Reducing complexities and risks involved in
global roll-outs
• Simplifying budgeting, reporting and closing
• Enabling global regulatory compliance
• Delivering best practice business processes
• Enabling & promoting greater efficiencies
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Financial overview and next steps
QAD Enterprise Financials
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Financial overview and next steps
Enterprise Financials
Financial Analytics
Consolidations
Enterprise
Financials
General
Ledger
Fixed
Assets
Management
Reporting
Allocations
Multi
Currency
Multi-GAAP
Financial Shared
Services
Accounts
Receivable
Internationalization
Accounts
Payable
Enhanced
Controls
Budgeting
Governance,
Risk & Compliance
Credit
Management
Banking/Cash
Management
Vertex Sales and
Use Tax Interface
Tax
Management
Cost
Management
Logistics
Accounting
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Financial overview and next steps: Enterprise Financials
Enterprise Financials
• Key capabilities
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Multi GAAP/COA/Currency reporting
Shared services support
International regulatory compliance
Internal controls
• Examples of effective enterprise metrics
affected:
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Closing time
Days sales outstanding
Days payables outstanding
Operating cash flow / sales ratio
Segregation of duties violations
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Financial overview and next steps: Enterprise Financials
Over 120 Companies Live
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Financial overview and next steps: Enterprise Financials
Enterprise Financials: Live Implementations
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Financial overview and next steps: Enterprise Financials
Enterprise Financials: Planned for 2012
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Financial overview and next steps: Enterprise Financials
Upgrading to Enterprise Edition
• Multiple options
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Technical migration (1:1 conversion)
Reload master data in new database
Re-implementation
Mix-mode
• Session “Migrating from SE to EE”
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Financial overview and next steps
What Is New In Enterprise Financials 2012?
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Financial overview and next steps: New in QAD 2012 EF
Efficiency Improvements
• Financial Report Writer
• Customer requested enhancements
- Cost center analysis limitation
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Financial overview and next steps: New in QAD 2012 EF
Supporting the Globe
• Portugal
- Decree 363/2010
• France
- Customer mass payments enhancements
• Mexico
- Exchange rate for taxes as payments
• Columbia
- Supplier Invoice & tax excluded
• USA
- Vertex 4.0
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Financial overview and next steps: New in QAD 2012 EF
Supporting the Globe
• Brazil
- Tax substitution in business relation
- PO shipper/fiscal receiving un-confirm
• Argentina, Brazil
- Supplier withholding tax
- Withholding tax support in banking entry
and open item adjustment
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Financial overview and next steps
Financial Report Writer
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Financial overview and next steps: Financial Report Writer
Financial Report Writer
• Objectives
- Single solution
for effective
GL reporting
- Real time
- Multi-domain
- Consolidated
- Chart Translation
- Currency Translation
- Multi-GAAP
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Financial overview and next steps: Financial Report Writer
Balance Sheet
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Financial overview and next steps: Financial Report Writer
IFRS Balance Sheet
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Financial overview and next steps: Financial Report Writer
Main Features
Build and run flexible reports
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Flexible report hierarchies
Flexible row & column definitions with in-line
calculations
Reusable analysis codes
Based on harmonized data in a reporting
cube
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Across multiple COA, currencies, GAAP
Optimized for reporting inquiries
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Financial overview and next steps: Financial Report Writer
Financial Report Writer
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Financial overview and next steps: Financial Report Writer
Build and Run Flexible Reports
Report
Cube
Reporting Data
Report
Master
Report
Analysis
Codes
Report
Column
Group
Report
Tree
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Financial overview and next steps: Financial Report Writer
Based on Harmonized Data in a Reporting Cube
Source
domains
Source
domains
Source
domains
Source
domains
Source
domains
Report Chart
Maintenance
Report
Cube
COA
Cross-Reference
Reporting
COA
Cube Definition
Maintenance
Presentation
Currency
Report
Calendar
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Financial overview and next steps: Financial Report Writer
Report Tree for a Sales Report
Global Sales
Europe
Sales Auto
France01
….
Sales Pack
Americas
Sales Auto
USA01
…
Sales Pack
Asia
Sales Auto
China01
Japan01
…
Sales Pack
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Financial overview and next steps: Financial Report Writer
Report Tree
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Financial overview and next steps: Financial Report Writer
Report Tree Excel Integration
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Financial overview and next steps: Financial Report Writer
Report Run
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Financial overview and next steps: Financial Report Writer
Report Run
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Financial overview and next steps: Financial Report Writer
Browsing the Report Cube
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Financial overview and next steps: Financial Report Writer
Drill Down to the Source Transactions
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Financial overview and next steps
What Is Next?
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Financial overview and next steps: What is next
Deductions
• Handling of customer short payments
• Allows creation of deductions that can be
separately approved/rejected and further
processed
• Two kinds of deductions
- Trade promotion related
- Standard deductions
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Financial overview and next steps: What is next
Deduction Categories
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Financial overview and next steps: What is next
Processing a Deduction at Payment
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Financial overview and next steps: What is next
Deduction Review
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Financial overview and next steps: What is next
Deduction Processing Flow
Deduction Creation at
payment processing
Deduction Review
Standard
Deductions
Deduction Category
Promotion
TPM
Processing
Approved for Credit
Deductions
Add/Delete/Modify
Details
Normal
Customer
Invoices
Reject
Deduction write
off on expense
account
Open Item
Adjustment
Approved Write-Off
Deductions
balanced with
other open
items
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Financial overview and next steps: What is next
Financial Report Writer Enhancements
• Business Intelligence
- Cubes with consolidated report writer data
become available for QAD Business Intelligence
• Budgets
- Budget comparisons in report writer
• Enhanced tree builder
- On the fly maintenance and inquiry of analysis
codes
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Financial overview and next steps: What is next
Tax Interface to Avatax
• Web Based
• On Demand
• Alternative to
Vertex
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Financial overview and next steps: What is next
Internationalization
• Germany
- Auditor certification IDW AuS 880
• Europe
- SEPA changes
• Japan/Thailand
- Consolidated invoice
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Financial overview and next steps: What is next
Internationalization
• Ongoing tracking of new requirements
• Planning subject to change
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Financial overview and next steps
Summary
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The Effective Enterprise
QAD Enterprise Financials
New in QAD Enterprise Financials 2012
Financial Report Writer
What is next
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Financial overview and next steps
Next Steps
• Attend these related sessions:
- Training QAD Enterprise Financials at Explore
(Thursday afternoon and Friday morning)
- Business Intelligence: A Closer Look
- Migrating from SE to EE
- Business Intelligence Workshop (Thursday
morning)
• Stop by the Solutions Expo
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Financial overview and next steps
Questions & Answers
René Bergkamp
Vice-President of R&D, Financials, QAD
rbe@qad.com
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www.qad.com
© QAD Inc 2012
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