storage.googleapis.com · 2019. 11. 19. · Created Date: 9/23/2019 10:51:17 AM
€¦ · 23/04/2019 · Created Date: 4/23/2019 5:51:44 PM
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RENAISSANCE NASHVILLE HOTEL April14-17, 2019 | Nashville, TN
Transcript of €¦ · 23/04/2019 · Created Date: 4/23/2019 5:51:44 PM
RENAISSANCE NASHVILLE HOTEL April14-17, 2019 | Nashville, TN
Preet Sohal – Principal Consultant
Reorient with Driver Based Planning
I reframe the usual by…
Preet SohalPrincipal Consultant
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3 2019 Prophix Conference
▪ Learning Objectives
▪ What is Integrated Financial Planning?
▪ Benefits of Integrated Financial Planning
▪ Demo (Personnel, Revenue, Statistical & Financial Cube)
▪ Summary
▪ Q&A
Agenda
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▪ Integrate multiple elements of planning process in Prophix
▪ Expand planning process beyond Finance department (B/S & P&L)
▪ Design Considerations
▪ Dimensionality and Data Flow
Learning Objectives
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Combines technological and business processes across an organization to provide a complete analysis of your financial situation
▪ Improves operational alignment and financial performance
▪ Provides management with more control over financial planning
▪ Provide complete visibility into a model that links strategic and operational planning with financial planning
What is Integrated Financial Planning?
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▪ Promotes Departmental Alignment
▪ Track Progress
▪ Foster Collaboration
▪ Predict Outcomes
Benefits of Integrated Financial Planning
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Examples of Integrated Financial Planning
Operating ExpensesBy Account, Department & Entity
Revenue PlanningBy Account (Sales & Cost of Sales), Product, Customer, Organization, Territory, Production Lines
Personnel ExpensesBy Account (payroll expense), Employee, Department & Entity
Capital ExpensesBy Account (cost and depreciation), Asset, Cost Center, Projects
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Polling Question
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Have you implemented components
of your Integrated Financial Plan in Prophix?
Integrated Financial Model
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Generic Cube vs. Detailed Planning Cube
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Finance Cube1. Account (B/S, I/S, C/F)2. Time3. Time Perspective4. Version5. Reporting Currency6. Department7. Entity
Personnel Cube1. Account (Payroll)2. Time3. Time Perspective4. Version5. Employee6. Allocation7. Department8. Entity
Generic Cube Detailed Planning Cube
▪ Relational Modelling
▪ Application for creating models used for low-level resource planning (DP Objects)
▪ Attributes are setup to drive calculations
▪ Post > Transfer data from the Detailed Planning Manager to a consolidated Cube (Finance Cube)
What is Detailed Planning Manager?
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What is Detailed Planning Manager?
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What is Detailed Planning Manager?
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▪ Two files▪ Entities (DP Objects &
Attributes)▪ Calculations
▪ Calculation Engine
▪ Post > Transfer data from the Detailed Planning Manager to a consolidated Cube (Finance Cube)
Polling Question
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Why would anyone ever want to Post to the Detailed Planning Cube?
▪ Subledger Planning
▪ Faster performance and easier setup
▪ Calculations require non-numeric attributes/drivers
▪ End users require ability to add new detailed objects and/or modify object attributes
When to use Detailed Planning Manager?
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Polling Question
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How many of you use DPM for models
other than Personnel Planning?
▪ Pain Points:
▪ All personnel planning currently performed in Excel
▪ Time consuming and prone to error
▪ Difficult to get data required for personnel planning from current payroll system
▪ Security is a concern therefore planning is centralized to Finance/Accounting department
▪ Requirements
▪ Ability to plan at Employee, Department & Entity level
▪ Ability to allocate employees across Departments
▪ Drive accountability to department managers to own their personnel plan
Demo – Personnel Planning Cube
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Personnel Cube Demo
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Integrated Financial Model
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Polling Question
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How many of you have used an Export/Import Process to transfer data across between cubes?
▪ Pain Points:
▪ Difficult to consolidate revenue data from multiple sources (GL System, Salesforce and Excel)
▪ Poor visibility from consolidated plan to revenue plan
▪ Requirements
▪ Ability to plan and analyze KPI’s at Customer, Organization, Product & Territory level
▪ Provide users with ability to view results at consolidated level and drill down when required
Demo – Revenue Planning Cube
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Finance Cube vs. Revenue Planning Cube
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Finance Cube1. Account (B/S, I/S, C/F)2. Time3. Time Perspective4. Version5. Reporting Currency6. Department7. Entity
Revenue Planning Cube1. Account (Revenue, COS)2. Time3. Time Perspective4. Version5. Customer6. Organization7. Product8. Territory
Generic Cube Generic Cube
Revenue Planning Demo
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Integrated Financial Model
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Polling Question
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How many of you have used the Get Data from another cube option in Model Manager?
Finance Cube vs. Statistical Cube
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Revenue Cube1. Account (Revenue, COS)2. Time3. Time Perspective4. Version5. Customer6. Organization7. Product8. Territory
Statistical Cube1. Account (Rates)2. Time3. Time Perspective4. Version5. Product
Generic Cube Generic Cube
Statistical Cube Demo
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Other Helpful Tips
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▪ Reporting on data from multiple cubes
▪ Workflow to keep sequence of events
▪ Dimension Export/Import to keep models in sync
▪ Multi-model systems ▪ Allow for planning based on different
dimensions
▪ Can be consolidated to produce reports/templates at a more consolidated level
▪ Allow for detailed reporting at various levels
▪ Results in better decision making process
Summary
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▪ Common ways to transfer data between cubes:▪ Post from DPM▪ Export/Import Process ▪ Get Data from Another Cube▪ Template Calculations▪ SQL
▪ Common ways to drill across from one cube to another:▪ Reviewing templates on DPM Schedules▪ Drill through to Detailed Planning▪ Linked Templates▪ Multiple data views in templates/reports▪ Drill Across
Summary
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▪ Prophix Help Center
http://support.prophix.com/
▪ Prophix Feedback
https://feedback.prophix.com
▪ Prophix Academy
https://www.prophixacademy.com
▪ Customer Empowerment Webinar Series
http://info.prophix.com/CEWS
▪ Red Carpet
http://redcarpet.prophix.com
Resources
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What did you think?
Let us know in the PxC surveys found in your conference app!
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Thank You!
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