2015-06-04 Solving Your Budget Management Challenges Raffa & Prophix
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This document outlines an agenda for a seminar on making budget processes more efficient using Corporate Performance Management (CPM) and the Prophix software. The agenda includes introductions, an introduction to CPM and Prophix, a product demonstration, and a question and answer session. Some of the challenges finance departments face that CPM addresses are accessing more data, needing to forecast more often, and requiring collaboration. A demonstration will showcase how Prophix can help with monitoring performance, planning, reporting, and strategic decision making.
2015-06-04 Solving Your Budget Management Challenges Raffa & Prophix
- 1. 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
- 2. AGENDA INTRODUCTIONS & AGENDA INTRODUCTION TO CPM & PROPHIX PRODUCT DEMONSTRATION Q&A 2
- 3. 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
- 4. 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
- 5. 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. 6 BIG COMPANIES BIG PROJECTS VERY EXPENSIVE VERY STRATEGIC CPM IN THE PAST
- 7. CPM TODAY 7 Automating non-transactional processes in the Finance Department such as BUDGETING MONTHLY REPORTING MID-YEAR FORECASTING FINANCIAL CONSOLIDATIONS SCORECARDS OPERATIONAL PLANNING
- 8. CPM TODAY 8 MORE OFTEN MORE DATA MORE PEOPLE
- 9. DEMO OVERVIEW 9 MONITORING PERFORMANCE 01 STREAMLINING OPEX PLANNING02 UNLOCKING PERSONNEL PLANNING03 ACCELERATING SALES PLANNING04 IMPROVING STRATEGIC DECISION-MAKING 05 06 AUTOMATING REPORTING
- 10. DEMO LETS SEE PROPHIX 10
- 12. 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
- 13. Helping Great Organizations Thrive