Set user roles and accessibility
Use the full native capabilities of Excel (e.g. create formulas)
Create and customize visual dashboards and graphs for reports & analysis
Performance Canvas for Finance Professionals
Performance Canvas solution affords finance professionals such as CFO, Financial Controller, Group Chief Accountant, Chief Accountant, Accountant or Finance Analyst a way of more efficiently working with their budget process. Performance Canvas ensures that finance professionals will have access to key figures that will truly give the finance department a good idea of the overall financial health of the company.
Performance Canvas enables finance professionals to have real time, accurate, and relevant financial and operational data. With Performance Canvas built-in business rules and formula-free calculations, finance professionals can be guaranteed easy and error-free budgeting and planning.
In terms of day to day work, Performance Canvas helps finance professionals create more accurate forecasts based on key drivers resulting to better and more telling data that will give way to well informed and strategic decisions.
Actionable Data in just Minutes
With Performance Canvas what-if scenarios, you are allowed comparison of actuals to budgets throughout the year by changing assumption values. You can also control these assumptions at the parent and some at child level and other criteria e.g. geography.
These capabilities allow you to see the immediate effect of these assumptions to your revenue, expenses, and cash flow. For example:
- Is there enough budget for new market expansion or new facility opening?
- If one of our clients pay later than expected, how will this impact the cash flow and other projects?
- What was the budget last year in comparison to this year´s?
Benefits of Performance Canvas
- Financial Reporting
Including but not limited to, multi-entity financial reporting, automatic insertion of account balances into the elapsed month’s bucket in a future forecast file at the end of each accounting period when the system rolls into the next period, Integrated reporting of Financials with other operational data, Archiving of transaction history as well as purge from active files
- Reporting Structure
Mapping of accounts to business entities with different chart of accounts, Consolidation reports at detail and summary levels, financial data consolidated from different entities can be viewed from any number of hierarchical perspectives, and many more.
- Multi-currency Capability
Exchange rates defined automatically or manually, Management and update of ledger in multiple currencies, and many more.
- Online Inquiry Reporting
Standard account inquiry that drills down to the source of the transaction in real time and extracts data e.g. for AP data, journal entries, and other GL input; also includes analyses fields and many more.
- Accounts Receivables and Account Payables
A/P aging report on outstanding items, A/R aging report – summary and detail – can be run by division, branch, AR credit team member, A DSO Report, and many more.
- Cost Accounting
Up-to-date cash balance report, projection of cash utilization, and many more
Establishment of mandatory budgets for selected balance sheet accounts, and profit and loss accounts, Annual, quarterly, monthly, or customized budget periods, Creation of financial statements in conjunction with budgets and many more.
- Project Reporting and Budgeting
Original budget, authorized, funds, Prior and current budget, commitments, and many more.
- Sales Management Reporting
Report of daily unit and dollar bookings, by item number, by customer and customer type, with month to date (MTD) totals, Report daily unit and dollar billing/shipments, by item number and by customer with MTD totals and sort by product group, Report booking history (units) by month, displaying each of the twelve months with a total and many more.