Financial Management Reporting (FMR) is defined as regular monthly reporting of Profit & Loss, Balance Sheet and Cash Flow for reporting of actual performance against budget. This is often referred to as monthly management accounts. All typical Finance department requirements are included in this Anaplan accelerator app as standard, and examples of these are presented on this page.
The purpose of this Anaplan app is to provide a template that can be adjusted to meet your businesses needs, and accelerate the production of your regular Financial Management Reports.
The Functional design diagram shows the key components of the Anaplan app.
Functional Design
Technology Landscape
The model in Anaplan acts as your Enterprise Performance Management datamart. In Anaplan this is known as Datahub. This means that there is no need for long delays and expensive investment in a Data Warehouse. Reporting in Anaplan meets the needs of Finance Management reporting, so there is also no need to invest in enterprise BI systems. The process to build is accelerated as a result.
Executive Dashboard Financial Performance Reports
The dashboard reports below show what your reports could look like in Anaplan. These can all be tailored to the exact reporting style and content of your business.
- Pre-formatted summary PL, and PL trend tables and graphs
- Self-service configuration of version comparisons (e.g. Actual v Budget)
- Drill down to detailed PL analysis
- Pre-formatted summary BS & CF trends with tables and graphs
- Integrated to Profit & Loss
- Drill down to detailed BS & CF
- Pre-formatted Sales analysis trends by responsibility, customer, and product tables and graphs derived from sales analysis data load
- Slicing by Version, responsibility, product, customer and period
Summary Dashboard
Benefits of Financial Management Reporting in Anaplan
- FMR in Anaplan replaces a large numbers of spreadsheets used in the process of extracting the trial balance from General Ledge (GL), transformation, and preparation of reports.
- A typical reporting pack contains Profit & Loss, Balance Sheet, Cash Flow plus other schedules in Excel/Word/PowerPoint, populated from other non-trial balance sources. The accelerator automates all of this with a process to guide users in populating schedules with non-financial data.
- Once This Year (TY) Actuals are being reported in Anaplan, it is a short step to load TY budget numbers and then report Actual v Budget and variances.
- It is also a short step to realise further value from your small investment in Anaplan, including:
- Next Year (NY) budget preparation process with remote Manual Data Entry (MDE)/overrides by departmental managers
- Year To Go (YTG) forecast process, and
- Rolling forecasts process (e.g. TY YTD plus 12 months forecast)
- Revenue forecasting
- All of these use cases can be pre-populated in Anaplan using extrapolation rules. Managers can then remotely update/override departmental values using pre-formatted and user-friendly manual data entry (MDE) screens.
- Enterprise wide reporting and MDE can be remote/mobile due to Anaplan cloud technology.
- Distributed availability of a summary Dashboards to the executive team, including tables, graphs and commentary, using Anaplan cloud Dashboard app.
Frequently Asked Questions:
Q: What do I need to get started?
A: Anaplan licence and support from an Anaplan certified consultant to set up and tailor the accelerator to your exact needs.
Q: Will the solution meet our company reporting standards?
A: We realise that every company is different. Profit& consultants will quickly tailor reports to meet your exact needs.
Q: How long does it take to implement this accelerator?
A: The Accelerator can be up and running in your business in just a few weeks depending on provision of your resources, such as people and data.
