DataClarity

Financial Analytics

Financial Consolidation, Process
Management, Reporting &
Performance Dashboards

What is DataClarity Financial Analytics?

DataClarity Financial Analytics (DFA) is a fully integrated enterprise financial management system comprising financial consolidation, planning, process management, statutory reporting and performance dashboards – all in one solution.

  • Built to be owned and maintained by the office of finance
  • Provide powerful financial consolidation and reporting capabilities
  • Reduce closing cycles by days and deliver more timely results
  • Automate and streamline financial processes
  • Advanced workflow features help increase collaboration and user productivity
  • Provide easy-to-use financial and management reports and dashboards
  • Foster pre-built financial dashboards and statutory reports
  • Provide unified insight into the current close process status as well as the financial results
  • Deploy easily and feature a user-friendly and intuitive environment
  • Provide comprehensive audit trails
  • Automate and accelerate planning, budgeting, and forecasting process
  • Minimize the cost of compliance and increase confidence
  • Provide strong and reliable integration platform

With DFA, finance organizations can prepare financial information and analyze, investigate and understand it in a centralized, controlled, compliant environment. DataClarity Financial Analytics is an IFRS and GAAP compliant solution that consolidates global reporting and analysis in a single application.

Financial Consolidation

Modernize your financial consolidation and corporate reporting for compliance and performance

DFA provides out of the box financial and management consolidation capabilities your office of finance needs to:

  • Prepare and consolidate financial information in a centralized, controlled, compliant environment
  • Automate and control consolidation activities and accounting processes
  • Manage and control financial statement reporting
  • Ensure the end to end completion of the close process
  • Meet new governance and financial reporting standards
  • Prepare financial information in a centralized environment for accurate, auditable financial results, and end-to-end control of the close process.
  • Consolidate thousands of accounts into a common chart-of-accounts structure.
  • Evaluate results for multiple countries, currencies legal entities, and legal structures.
  • Gain better control of financial results with automation and self-service reporting, dashboarding, and analysis.
  • Improve financial and compliance performance and operational efficiency.
  • Provide an enterprise view of key financial ratios and metrics.
  • Streamline the financial close and reporting cycle.
  • Give comprehensive and timely insight into critical financial processes.
  • Better control risk with extensive audit trails.
  • Enable finance organizations harness the complexity of data and gain insight for better performance management.
  • Meet the needs of managers and regulators with pre-configured, standard reports, and dashboards.
  • Support better financial reporting with consolidated management data based on a clear link between statutory and management consolidation.
  • Enhance collaboration across organizational boundaries on a single platform that optimize efficiency of financial processes.
  • Enable full integration with enterprise planning, budgeting and forecasting applications.
  • Deliver financial reports enterprise-wide through integration with IBM Planning Analytics Local (TM1) and IBM Cognos Business Intelligence.
  • Ensure shorter implementation times and a low total cost of ownership.

Planning

Easier planning, streamlined budgeting, and better forecasting

By simplifying and accelerating planning, budgeting, and forecasting processes, DFA can help you improve efficiency and better manage performance in your organization. Designed with purpose-built financial performance management functionality, DFA enables you to make more confident decisions with immediate access to historical financial and operational data, current actuals, and future budgets and plans – all in a single application.

  • Address finance needs quickly while enabling operations-specific budgeting processes
  • Automate creating and approving plans and budgets and increase forecast accuracy
  • Improve information visibility and provide a unified view of business performance
  • Reduce budgeting and planning cycles by weeks or months and increase user productivity
  • Ensure data is reliable and up-to-date and enable improved collaboration
  • Drive faster and better financial reporting across your organization
  • Provide what-if analysis and scenario-planning for assessing budgeting suitability in real-time
  • Combine financial and operational planning in one system and align plans with corporate goals
  • Identify causes of underperformance  and take immediate corrective action
  • Increase agility and the ability to accurately forecast future outcomes
  • Save time and money and deliver a more consistent user experience
DataClarity Financial Analytics - Workflow

Process Management

Empower the office of finance with an easy to use system to automate financial processes, centralize information, and increase collaboration within and across departments and systems.

DFA fosters powerful process management capabilities your company need to improve financial accuracy, transparency, risk, predictability, accountability, and audit traceability. It helps organizations reduce expense and lost productivity by minimizing costly errors, manual steps, duplication of efforts, and unnecessary financial operations.

  • Automate, standardize, optimize, and track complex approval-based financial processes to gain better control.
  • Centralize and secure all relevant financial information to streamline completion of financial operations and tasks, and ensure future audit traceability.
  • Assign personnel to ownership and approval roles required to complete tasks to ensure clear accountability and process compliance.
  • Empower users with collaboration to compress sequential task start and completion times, resulting in meaningful increases in organizational productivity, consistency, and efficiency.
  • Assign managers and executives to observer and administrator roles to provide up to the minute status and transparency on all financial processes utilizing world class reporting and e-mail alerts.
  • Drag-and drop functionality to visually model financial processes, as well as tabular views that utilize filters to sort the financial information.
  • Reduce expense and lost productivity by minimizing costly errors, manual steps, duplication of efforts, and unnecessary financial operations.
  • Provide a unified environment across a department or the entire enterprise to ensure improved governance and compliance.
  • Rapidly deploy a complete 100% browser-based system that is easily managed and maintained by the office of finance.
  • Seamlessly integrate with other financial systems that provide financial consolidation, statutory reporting, performance dashboards, and enterprise planning, budgeting, and forecasting.
  • An intuitive, user-friendly, and customizable web interface to design, build, publish, and run unlimited workflows with no programming experience or technical knowledge.

Financial Reporting

DFA offers financial and management reporting capabilities to support confident decision-making

By simplifying and accelerating planning, budgeting, and forecasting processes, DFA can help you improve efficiency and better manage performance in your organization. Designed with purpose-built financial performance management functionality, DFA enables you to make more confident decisions with immediate access to historical financial and operational data, current actuals, and future budgets and plans – all in a single application.

  • Address finance needs quickly while enabling operations-specific budgeting processes
  • Automate creating and approving plans and budgets and increase forecast accuracy
  • Improve information visibility and provide a unified view of business performance
  • Reduce budgeting and planning cycles by weeks or months and increase user productivity
  • Ensure data is reliable and up-to-date and enable improved collaboration
  • Drive faster and better financial reporting across your organization
  • Provide what-if analysis and scenario-planning for assessing budgeting suitability in real-time
  • Combine financial and operational planning in one system and align plans with corporate goals
  • Identify causes of underperformance  and take immediate corrective action
  • Increase agility and the ability to accurately forecast future outcomes
  • Save time and money and deliver a more consistent user experience

Resources

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Data Sheet: DataClarity Financial Anaytics

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Data Sheet: DataClarity UniFi

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Data Sheet: DataClarity VisiFi

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Data Sheet: DashInsight 4

Screenshots Gallery

Learn more about DataClarity Financial Analytics

Contact us today to learn how DataClarity Financial Analytics can help your business optimize the management of its financial information. We would be delighted to consult with you and make specific recommendations.

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