30
2.1.0
Yokohama, Xanadu, Washington DC, Vancouver
The IT Financial Management (ITFM) application sfinx, enables an integrated rolling multi-year financial planning approach and supports adaptive control and optimisation of the global IT across the relevant control dimensions such as financials, labour, services, projects, capabilities, procurement, consumption both at operational and on a strategic level.
Facilitate the strategic demand-supply alignment by connecting it to specific resources, as workforce, labour, external services or assets and its cost with a multi-year perspective and adapt on a continuous basis.
sfinx has a unique & proven approach to IT Financial Management which is based on the following five pillars:
- Integration of strategic, financial and operational planning by connecting all relevant planning dimensions.
- Standardised and aligned financial management processes including clear accountability (roles & responsibilities).
- Ready to use structure for resources & service catalogue fully integrated to the financial management processes.
- Planning granularity on a resource level, providing the full context for adaptive cost control and to optimise value.
- Collaborative & shared planning approach. Enable collaboration through tool support and facilitate transparency by sharing information with all relevant stakeholders.
Cost planning & controlling process features:
# Manage multi-year resource coins (budget positions), incl.:
- Creation, adjustment and deletion, including monthly phasing
- Link resource coin to resource and service
- Relate to resource coin to purchase order and supplier
- Matching of actuals bookings to resource coins based on matching rules
- Use Staff information to allocate costs to services.
# Creating the submission for plan and quarterly forecasts:
- Create snapshot for a defined financial version (e.g. plan/forecast)
- Approval workflow to sign off financial version
# Standard dashboards and reports are available to:
- Compare plan version with any financial version and with real-time forecast, including live pivoting in any dimension
- Direct cost per service and resource for plan, actual, forecast per unit/cost center and drill down to resources, resource coin
# Create and manage service coins (services, projects, ...), incl.
- Bundle service coins into sfinx service catalogs
- Connect your service coins to ServiceNow objects such as service-offerings, application services and more
- Configure service distributions for costs, based on quantities.
- Compare and mulitple service costing structures like plan, forecast and actual.
# Manage business coins to charge internal and external services for their service usage.
- Manage businesses and the services they consume.
- Use graphical reporting tool to analyse how businesses are charged with costs.
ITFM (IT Financial Management) process management features:
# Standard quality controls (data quality dashboards) for:
- Data quality of the source systems
- Accuracy of the real-time forecast
# Process management features:
- Financial planning calendar
- Approval for signing-off the submission
- Administration of the resource and service catalogue and other planning relevant master data and user roles
- Management of financial versions
Service cost transparency process (Total cost of ownership) features:
# Service costing:
- Create new service costing version (based on a selected financial version)
-
Create detailed service costing version to track cost along the value chain
# Service cost reporting features including comparison of financial versions:
- Production view (provider view)
- Distribution view (consumer view)
- Improved display of currency information for resource coins, resource coin breakdowns and assembly information.
- Improved performance when processing large datasets (includes snapshotting, booking processing, and more).
- Overhaul of Workspace capabilities
- Replaced the standard reporting with financial reporting, providing additional insight into financial data
- Replaced the forecasting page with the resource coin workbench.
- General visual overhaul and aligning of workspace reports
- Improved loading speed of Grid Reports
- Added option to sort and group without reloading.
- Added an option to save user specific views on grid reports, preserving grouping, sorting, visible columns and more.
- Added a function to mark General Ledger Entries as out-of-scope to ignore those records in matching, processing and reporting.
- Added a function to allow administrators to easily reopen and reprocess closed fiscal periods.
- Fiscal Calendar (com.snc.fiscal_calendar)
- FX Currency (com.glide.currency2)