Finance Departments

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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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

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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