Finance Departments

An end-end, out-of-the-box cloud solution that delivers transactional accounting, planning, budgeting, consolidation and dashboards utilising predictive and smart analytics.

With CLARIVOS INSIGHT for Finance Departments, finance professionals spend less time crunching numbers to deliver a faster, more accurate financial close and data-driven decisions more quickly and with greater confidence.

Clarivos INSIGHT for Finance Departments can be supplied as part of a SAP Business ByDesign project or as an extension to existing systems.

CLARIVOS INSIGHT for Finance Departments delivers a pre-built finance processes integrated with data from BYD - providing tailored, out-of-the-box planning templates, reports, ratios and dashboards. The package gives access to intelligent features delivered with SAP Analytics Cloud including Smart Insight, Smart Discovery, Smart Predict, Data Actions and Analytic Designer.

Implementation times are around 16-24 weeks which ensures you can get a rapid return on your investment.

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Finance Departments
  • Transactional Accounting and Finance
  • Consolidation, Budgeting and Forecasting
  • Flash
  • BI and Predictive Analytics
  • Management Reporting
  • Access your Analytics anytime anywhere via your mobile device
  • With the Clarivos Smart Analytic Application use your mobile phone to remotely control your Analytics on a big screen
  • Use Voice Recognition to obtain insights about your data in an instant for constant monitoring even on-the-go
  • Load Trial Balance from SAP BYD
  • Complete & Validate Local Submissions
  • Performance Management

Integration With BYD

  • Consolidation process integrated with SAP BYD
  • Pre-built connections to load Actuals data from BYD to SAP Analytics Cloud
  • Master data and hierarchies aligned with BYD
  • Real-time integration
  • Single SAP HANA Database

Consolidation

  • Out of the box Consolidation Process
  • IFRS and GAAP Compliant
  • Flash
  • Budgeting
  • Forecasting
  • Management Reporting

Reporting

  • Consolidated Financial Statements
  • Management Reporting Pack
  • Self Service Reporting
  • Finance Dashboard and Ratios
  • Comparative Reporting (Actual vs. Budget)
  • Real-time Reporting
  • Collaborative Reporting

Planning

  • Budget/ Forecast Templates
  • Budget Consolidation
  • Rolling Forecast
  • BS Modelling
  • "What If" Analytics
  • Predictive Analytics

Collaboration

  • Report Publishing
  • Commentary
  • Sharing Stories & Data
  • Integration with third part Applications via provided API's
  • Working across all lines of business in a single environment
  • Single SAP HANA Database across all modules

Finance platform to support performance

  • Embedded analytics & reporting delivering insight and enhancing decision making
  • Automated workflow & Predictive Analytics to plan ahead
  • Establish a single view of company financials by integrating core business processes with financial performance.
  • Meet global reporting standards - International Financial Reporting Standard (IFRS) and the International Accounting Standard (IAS)
  • Experience accelerated period-end closing processes
  • Achieve more accurate forecasting of cash flow by incorporating data from customer and supplier-facing business processes
  • More efficient management of payables, receivables, inventory, and liquidity

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