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Financials Midwest User Group

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Financials Midwest User Group Powered By Docstoc
					MFG/PRO Midwest User Group



          QAD 2008 Financials
          March 16th - 18th, 2008
          Lance LaCross, CPA
       Important Business Issues




QAD Proprietary    Source: AMR Research, Enterprise Resource Planning Spending Report, 2006-2007
QAD Enterprise Financials
… and the CFO / Financials Executives
     CFO’s / Financials Executives are challenged
           – Need to:
                  •   Forecast costs and revenue accurately
                  •   Close the period and report faster
                  •   Maximize benefits from global operations
                  •   Manage changing company structure and direction
           – Have to:
                  •   Stay in control
                  •   Guarantee accuracy and compliance
                  •   Reduce administration cost
                  •   Satisfy a widening audience

     With Enterprise Financials in QAD 2008
      we have now a compelling solution for our customer’s Finance Team :
      The best Financial solution for Global Manufacturing companies

QAD Proprietary
       QAD Enterprise Financials in QAD 2008
        Focus on efficiency and usability:
                  – Lean concepts, eliminate non-value-added steps
        Corporate Management Reporting:
                  – Multi-GAAP reporting
                  – System-wide management currency
        Financial Shared Services
        Financials are more than accounting:
                  – Budgeting, controlling, allocations, consolidation, …
        Corporate Governance / Compliance / SOX
                  – Role based security, segregation of duties
        Power tools for the financial knowledge worker
                  –   Workflow
                  –   Document management
                  –   Extensive XLS integration
                  –   .NET UI with low learning curve
QAD Proprietary
       Components of
       QAD 2008 Enterprise Financials



                    Financial         Management                                           Governance, Risk &
                                                           Multi-GAAP        Budgeting
                    Analytics          Reporting                                              Compliance

                                                          Financial Shared        Credit            Tax          Core
                  Consolidations      Allocations
                                                              Services          Management       Management     Modules
   Enterprise
   Financials     General        Multi         Accounts          Accounts        Banking/Cash       Cost
                  Ledger        Currency      Receivable         Payable         Management      Management

                                                                                                                Additional
                    Fixed                                     Enhanced       Vertex Sales and      Logistics
                                   Internationalization                                                          Modules
                    Assets                                     Controls      Use Tax Interface    Accounting




QAD Proprietary
       QAD Financial Analytics
   Align performance of business units to
    your overall company objectives
   Analysis and reporting from C-level
    executives to business unit managers
                                                                  Ensures overall state of the
                                                                       business analysis
   Multi-layer accounting with support for                         as strategic options are
    simulations and what-if analysis                                 analyzed for the CFO
   Extensive drill-down and analysis
    capabilities
   Dashboards for customer and supplier
    information




                                  Financial        Management          Multi-                     Governance, Risk &
                                                                                     Budgeting
                                  Analytics         Reporting          GAAP                          Compliance
                    Enterprise                                   Financial Shared         Credit           Tax
                                 Consolidations    Allocations
                    Financials                                       Services           Management      Management
                                 General       Multi       Accounts       Accounts       Banking/Cash      Cost
                                 Ledger       Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD Management Reporting
                                                                       Board Reporting made simple,
   Extensive set of reports                                             and decision making made
   Graphical output that is easy to                                     black & white with flexible,
    customize                                                          graphical reporting for the CFO
          –   Unlimited report variants can be
              created for any specific
              requirement
   Reports in company management
    currency and company chart of
    accounts for comparison of
    business operations
   Spreadsheet style browses that
    allow detailed selections and easily
    generate one-off reports

                                        Financial        Management          Multi-                      Governance, Risk &
                                                                                            Budgeting
                                        Analytics         Reporting          GAAP                           Compliance
                         Enterprise                                      Financial Shared        Credit           Tax
                                      Consolidations     Allocations
                         Financials                                          Services          Management      Management
                                      General        Multi       Accounts       Accounts        Banking/Cash      Cost
                                      Ledger        Currency    Receivable      Payable         Management     Management

QAD Proprietary
       QAD Multi-GAAP
       Accounting Layers allow for multi-
        GAAP reporting                                                    Accounting layers allow
       Multiple charts of accounts (COA)                                multi-GAAP reporting from
        for reporting purposes                                             a single set of books
       Ability to combine accounting
        layers in reporting
       Simulate GAAP transformation
        transactions
       Allocation module and
        Supplementary Analysis Fields to
        support IFRS segment reporting




                                    Financial        Management          Multi-                     Governance, Risk &
                                                                                       Budgeting
                                    Analytics         Reporting          GAAP                          Compliance
                     Enterprise                                    Financial Shared         Credit           Tax
                                  Consolidations     Allocations
                     Financials                                        Services           Management      Management
                                  General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                  Ledger        Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD Budgeting                                             Quick, flexible, collaborative
                                                                  budgeting process for the
                                                                      Finance Manager
    Supports multiple versions of budgets
    Budget periods can be different from
     accounting periods
    Recording of forecasts
    On-line budget checking and warnings
    Import budget data from
     Microsoft Excel®
    Live modification of budgets using
     Microsoft Excel®
    Supports multi-level budgeting and
     actuals coming from multiple
     companies

                                  Financial        Management          Multi-                     Governance, Risk &
                                                                                     Budgeting
                                  Analytics         Reporting          GAAP                          Compliance
                   Enterprise                                    Financial Shared         Credit           Tax
                                Consolidations     Allocations
                   Financials                                        Services           Management      Management
                                General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                Ledger        Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD GRC (Governance,
                                                                                  Helps companies
       Risk & Compliance)                                                          stay compliant
       Extensive set of solutions for
        Governance, Risk and Compliance
       Minimizes costs of compliance to
        government regulations such as
        Sarbanes-Oxley, IFRS, FDA Part 11
        and other governance requirements
       Extensive automated controls
       Role based security up to activity level
       Segregation of duties enforcement and
        associated reporting
       Trade compliance using QAD TMS
       Access control including forced password
        complexity, aging and intrusion detection

                                    Financial        Management          Multi-                    Governance, Risk &
                                                                                       Budgeting
                                    Analytics         Reporting          GAAP                         Compliance
                     Enterprise                                    Financial Shared         Credit           Tax
                                  Consolidations     Allocations
                     Financials                                        Services           Management      Management
                                  General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                  Ledger        Currency    Receivable      Payable        Management     Management
QAD Proprietary
       QAD Consolidations
                                                                     Provides quick & complete
       A subsidiary entity can be a part of                        consolidation process for the
        multiple consolidation entities                                  Finance Manager
       Proportional Consolidation is supported
       You can build up hierarchies of
        consolidation entities
       Fast balance level consolidation
       Automatic tracking of intercompany
        transactions to support elimination
       Consolidate separately by accounting
        layer
       Support simulations


                                    Financial        Management                                    Governance, Risk &
                                                                     Multi-GAAP       Budgeting
                                    Analytics         Reporting                                       Compliance
                     Enterprise                                    Financial Shared        Credit           Tax
                                  Consolidations     Allocations
                     Financials                                        Services          Management      Management
                                  General        Multi       Accounts     Accounts        Banking/Cash      Cost
                                  Ledger        Currency    Receivable    Payable         Management     Management

QAD Proprietary
       QAD Allocations
                                                                                The power of controlling
       Distribute costs and revenues to
        appropriate accounts, sub-
        accounts, cost centers and projects
       Supports recursive allocations
             –    Reuse result of previous allocation
                  run as input for the next
       Validate results of allocation run
        before final posting
       Supports different allocation
        methods, including proportional
        based on usage/activity
             –    For instance distribute electricity
                  costs to production cells based
                  on kWh

                                           Financial        Management                                    Governance, Risk &
                                                                            Multi-GAAP       Budgeting
                                           Analytics         Reporting                                       Compliance
                           Enterprise                                     Financial Shared        Credit           Tax
                                         Consolidations     Allocations
                           Financials                                         Services          Management      Management
                                         General        Multi       Accounts      Accounts       Banking/Cash      Cost
                                         Ledger        Currency    Receivable     Payable        Management     Management

QAD Proprietary
       QAD Financial Shared Services
        Sharing of chart of accounts and                                         Have economies of scale
         other key master data                                                    to save back-office costs
        Sharing of customers and                                                    and support growth
         supplier across business units
        Workflow to move documents
         between business entities
        Link to document management to
         store electronic versions of paper
         documents such as invoices
        Cross-company AR and AP
         payments



                                    Financial        Management          Multi-                     Governance, Risk &
                                                                                       Budgeting
                                    Analytics         Reporting          GAAP                          Compliance
                     Enterprise                                    Financial Shared         Credit           Tax
                                  Consolidations     Allocations
                     Financials                                        Services           Management      Management
                                  General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                  Ledger        Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD Credit Management
       Extensive and flexible credit check                              Ensures visibility of customers
             –    Based on percentage of turnover                          with credit issues for the
             –    Fixed credit limit                                           Finance Manager
             –    Maximum days of overdue
             –    Option to overrule
             –    Share credit limit of shared customers
                  across companies
       Configurable warning level
       Dashboard for customer activity and
        credit information
       Multi level dunning letters




                                          Financial        Management          Multi-                     Governance, Risk &
                                                                                             Budgeting
                                          Analytics         Reporting          GAAP                          Compliance
                           Enterprise                                    Financial Shared         Credit           Tax
                                        Consolidations     Allocations
                           Financials                                        Services           Management      Management
                                        General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                        Ledger        Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD Tax Management
       Allows global tax treatment for multiple tax                         Serves the different sales, use and
        environments in the same database                                            VAT taxes globally
       Unlimited number of tax types and rates                               Ensures correct tax registrations
             –    VAT, luxury, capped, non-recoverable                           and smooth tax reporting
       Considers
             –    Geography
             –    Item status (taxable, non-taxable)
             –    Customer / Supplier status
             –    Effective date
       Includes flexible reporting




                                            Financial        Management                                    Governance, Risk &
                                                                             Multi-GAAP       Budgeting
                                            Analytics         Reporting                                       Compliance
                            Enterprise                                     Financial Shared        Credit           Tax
                                          Consolidations     Allocations
                            Financials                                         Services          Management      Management
                                          General        Multi       Accounts     Accounts        Banking/Cash      Cost
                                          Ledger        Currency    Receivable    Payable         Management     Management

QAD Proprietary
       QAD General Ledger
        Multi-Entity, Multi-Currency, Multi-Layer
                                                                               Ensures all financial data is
                                                                             quickly accessible for drill down
        Support for recurring/reversing entries                                 and corporate reporting
        Extensive drill-down capabilities
        Flexible account structure with up to 5
         optional Supplementary Analysis Fields per
         account combination
        Posting templates
        Multi-stage period closing process including
         period marks, closing validations and
         reporting
        Separate period for year-end corrections
        Bi-directional Microsoft Excel® integration
         for journal entries as well as for account
         setup
                                      Financial        Management          Multi-                     Governance, Risk &
                                                                                         Budgeting
                                      Analytics         Reporting          GAAP                          Compliance
                       Enterprise                                    Financial Shared         Credit           Tax
                                    Consolidations     Allocations
                       Financials                                        Services           Management      Management
                                    General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                    Ledger        Currency    Receivable      Payable        Management     Management
QAD Proprietary
       QAD Multiple Currency
        Process, pay and receive money in any                                       Do business in any currency
         currency
        Set up functional currencies by business unit
        Dual Base Currency
                  –   Transaction amounts always stored in
                      transaction currency, base currency and
                      company management currency
        Extensive revaluation options, both for
         functional and management currency
        Allows the global organization to conduct
         business in the required currency, and
         generate consolidated and management
         reporting in the mandated currency

                                            Financial        Management          Multi-                     Governance, Risk &
                                                                                               Budgeting
                                            Analytics         Reporting          GAAP                          Compliance
                             Enterprise                                    Financial Shared         Credit           Tax
                                          Consolidations     Allocations
                             Financials                                        Services           Management      Management
                                          General        Multi       Accounts       Accounts       Banking/Cash      Cost
                                          Ledger        Currency    Receivable      Payable        Management     Management

QAD Proprietary
       QAD Accounts Receivable
     Flexible aging reports                                         Full control on the total process
     Supports Self Billing                                           between billing and collecting
     Retro Billing allows price changes on items
      after items shipped and invoiced (Automotive)
     Sharing of customers and credit limits
      between business units
     Automatic netting of invoices and credit notes
     Netting between customers and suppliers
     Write-offs and open item adjustments
     Dunning letters automatically generated
     Customer activity dashboard



                                    Financial        Management                                    Governance, Risk &
                                                                     Multi-GAAP       Budgeting
                                    Analytics         Reporting                                       Compliance
                     Enterprise                                    Financial Shared        Credit           Tax
                                  Consolidations     Allocations
                     Financials                                        Services          Management      Management
                                  General        Multi      Accounts      Accounts        Banking/Cash      Cost
                                  Ledger        Currency    Receivable    Payable         Management     Management

QAD Proprietary
       QAD Accounts Payable                                                   Streamline the process from
                                                                               purchase order to supplier
        Variances are generated based on 3-way
                                                                                       payments
         match of PO, receipt and invoice
        Flexible matching and approval process
        Automate process of entering and
         approving supplier invoices with Scan
         daemon, document management and
         workflow routing
        Evaluated Receipts Settlement (ERS)
         eliminates the need to enter supplier
         invoices
        Netting between customers and suppliers
        Write-offs and open item adjustments
        Supplier activity dashboard

                                    Financial        Management                                       Governance, Risk &
                                                                          Multi-GAAP     Budgeting
                                    Analytics         Reporting                                          Compliance

                     Enterprise                                      Financial Shared         Credit           Tax
                                  Consolidations      Allocations
                     Financials                                          Services           Management      Management

                                  General        Multi        Accounts        Accounts       Banking/Cash      Cost
                                  Ledger        Currency     Receivable        Payable       Management     Management

QAD Proprietary
       QAD Banking/Cash Management
         Powerful cash flow projection reporting                    Automatic monitoring of cash flows
         Electronic import of bank statements
                                                                       to quickly make key decisions
                                                                      based on the cash position of the
         Supports US Lockbox processing                                          business
         Extensive support for automated payments,
          including drafts and direct debit
         Support for local payment and file formats
          using QAD Internationalization
         Flexible mapping of payment formats using
          EDI eCommerce
         Petty cash handling
         Bank account validation according to local
          formats including IBAN

                                     Financial        Management                                        Governance, Risk &
                                                                           Multi-GAAP      Budgeting
                                     Analytics         Reporting                                           Compliance

                      Enterprise   Consolidations      Allocations
                                                                      Financial Shared          Credit           Tax
                      Financials                                          Services            Management      Management

                                   General        Multi        Accounts         Accounts       Banking/Cash      Cost
                                   Ledger        Currency     Receivable        Payable        Management     Management
QAD Proprietary
       QAD Cost Management
        Supplements standard costing model to                        Accurately costs parts and
         allow actual cost analysis                                  track variances to standards
        Powerful tools to model and implement                          based on flexible cost
         cost changes to standard costs                                      components
        Set up cost structures as required for
         the corporation or make them unique
         by plant by utilizing unlimited cost sets,
         multiple costing methods and cost
         elements
        Support for periodic valuation using
         average or FIFO




                                     Financial        Management                                        Governance, Risk &
                                                                           Multi-GAAP      Budgeting
                                     Analytics         Reporting                                           Compliance

                      Enterprise                                      Financial Shared          Credit           Tax
                                   Consolidations      Allocations
                      Financials                                          Services            Management      Management

                                   General        Multi        Accounts         Accounts       Banking/Cash      Cost
                                   Ledger        Currency     Receivable        Payable        Management     Management
QAD Proprietary
       Additional Modules



          Enterprise   Fixed                           Enhanced    Vertex Sales and     Logistics
                                Internationalization
          Financials   Assets                           Controls   Use Tax Interface   Accounting




QAD Proprietary
       QAD Fixed Assets
       Multiple and user defined                                      Accurately manage and
        depreciation methods                                             track fixed assets
       Ability to split and combine assets                          throughout their lifecycle:
       Support transfers and retirements
                                                                      from asset acquisition to
                                                                              disposal
       Multiple concurrent depreciations
        to support different GAAP
        requirements
       Helps in supporting regulations
        such as Sarbanes-Oxley




                  Enterprise     Fixed                                Enhanced    Vertex Sales and     Logistics
                                              Internationalization
                  Financials     Assets                                Controls   Use Tax Interface   Accounting

QAD Proprietary
       QAD Internationalization
                                                                   Run QAD across the globe
            Support common local legal
             business practices across the
             world
            Support local languages
            Standardized solution as opposed
             to unique solution for each
             country
               Single code base: easier
                 development of core model
               Support Shared Services from
                 a single system
            Keep up to date with new and
             changing local requirements



                  Enterprise     Fixed                           Enhanced    Vertex Sales and     Logistics
                                          Internationalization
                  Financials     Assets                           Controls   Use Tax Interface   Accounting

QAD Proprietary
       QAD Enhanced Controls
         Enhanced Audit Trails                                        Track changes and help with FDA Part
                  –   Have full audit trail capability for              11 and Sarbanes-Oxley compliance
                      data changes
                  –   Tracks who made a change, when
                      the change was made what are
                      the prior and new value
         Supports the requirements of the
          FDA’s 21 CFR pt 11 regulations for
          the Medical Vertical




                        Enterprise          Fixed                              Enhanced   Vertex Sales and     Logistics
                                                        Internationalization
                        Financials          Assets                             Controls   Use Tax Interface   Accounting

QAD Proprietary
       QAD Vertex Sales and Use Tax Interface
       API between Vertex Sales Tax Q Series®
        and QAD Enterprise Applications
       Allows Vertex to calculate US and
        Canadian Sales taxes for QAD Enterprise
        Applications                                          Reduce sales and use tax audit
       Vertex Sales Tax Q Series® contains sales                 exposure and liability
        and use tax rates for every taxing                     Eliminate unproductive and
        jurisdiction in the US and Canada (over              repetitive sales and use tax rate
        7,000 locations), plus placeholders for                  and regulatory research
        more than 60,000 potential taxing
        jurisdictions
       Prevent inaccurate customer billings and
        supplier purchases and related issues
       Significantly reduce time spent on
        preparing tax returns


                  Enterprise     Fixed                           Enhanced    Vertex Sales and     Logistics
                                          Internationalization
                  Financials     Assets                           Controls   Use Tax Interface   Accounting

QAD Proprietary
       QAD Logistics Accounting

       Ensure accurate payments to
        carriers by matching freight                     Improves visibility and
        accruals with invoices                        control of costs and payments
       Allows deferred costs such as
                                                            for transportation
        freight and shipping charges to be
        accommodated in standard costs
        and variances to be tracked
       Freight charges interfaced from
        QAD Transportation Management
        System (TMS)




                  Enterprise   Fixed                           Enhanced    Vertex Sales and     Logistics
                                        Internationalization
                  Financials   Assets                           Controls   Use Tax Interface   Accounting

QAD Proprietary
  Four Kinds of Data: Introducing Shared
  Sets
                       QAD 2008 System


                                                            e.g. management
                           System-Wide Data                 currency, users, …

                  Shared-Set Data         Shared-Set Data   e.g. COA, suppliers,
                                                            customers, …

                  Domain        Domain        Domain        e.g. base currency,
                   Data          Data          Data         numbering, …


            Entity     Entity    Entity   Entity   Entity   e.g. taxes,
            Data       Data      Data     Data     Data     numbering, …


QAD Proprietary
       Management Information
        More, faster and better:
                  – Dual Base Currency: Transaction amounts
                      always stored in transaction currency, base currency and
                      company management currency
                  – Multiple   Accounting Layers allow for multi-GAAP reporting
                  –   Multiple COA for reporting purposes
                  – Powerful and good-looking reporting, including export to Excel




QAD Proprietary
       Accounting Layers and Reporting

                                  Reporting can be
                                   based on:
                                     – One single layer
                                     – A combination of
                                       layers
                                  Layer combinations
                                   for reporting can
                                   be stored as user
                                   preferences
                                  An account can
                                   have a balance for
                                   each layer


QAD Proprietary
       GL Analytical Coding Segments

   Entity         Yr/Pd      Layer     Daybook




            Primary GAAP Acct
                 Account             Sub-Account   Cost Center   Project      SAF’s       SAF’s      SAF’s     SAF’s        SAF’s




                          Intercompany key
                                                                           Up to five Supplementary Analysis Fields
                                                                                        on a posting line
                           Open item key
                                                                                      can automatically retrieve SAF data
                                                                                         from Operational transactions
                          Other GAAP Account
                           Other GAAP Account                                                         Site
                                                                                                  Product Line
                                                                                               Region (Customer)
                                                                                                Customer Type
                                                                                                 Supplier Type
                                                                                                   Item Type
                                                                                                  Item Group
QAD Proprietary
       Additional Coding Dimensions in GL
        SAF: Supplementary Analysis Fields
        Additional information that can be linked to GL transactions for specific
         account, sub-account, cost center and project combinations
        Automatic defaulting




QAD Proprietary
       Business Relation hierarchy
                  Customer/
                   Debtor

                              Business
                  Customer/
                              Relation
                   Debtor
                                         Corporate
                              Business    Group
                              Relation
                  Customer/
                   Debtor
                              Business
                              Relation
                  Supplier/
                  Creditor
                              Business
                              Relation
                                         Corporate
                                          Group
                    Inter     Business
                  Company 1   Relation


                    Inter     Business
                  Company 2   Relation

QAD Proprietary
       Financial Shared Services
        Save costs and improve standardization using
         Financial Shared Services between domains:
                  – Sharing of chart of accounts and other key master data
                  – Workflow to move documents between roles
                  – Link to document management to store electronic
                    version of paper documents such as invoices
                  – Cross-company AR and AP payments




QAD Proprietary
       Inter-Company: Cross-Company Postings

                          Posting in entity A                       Posting in entity B
                                                    triggers
                     Acct 1 ……            1000 dt              Acct 2 mirror        1000 dt
                     Acct 2 (cross-cy) 1000 cr                  Acct 3 ……           1000 cr




        General Ledger:
                  – Standard transactions (journal entries)
        A/R:
                  – Allocation of a received payment to customer open items in another
                    company

        A/P:
                  – Selection of supplier open items in another company to a payment run


QAD Proprietary
       Improved Productivity, Lean Principles
        Netting between customers and suppliers
        Powerful allocation functionality for payments to open items
        Electronic import of bank statements
        Recurring/reversing journal entries
        Templates
        Bi-directional Excel integration…




QAD Proprietary
       Budgeting
        Better control of budgets because of extensive budgeting
         functionality
        Supports multiple
         versions of budgets
        Supports multi-level
         budgeting and actuals
         coming from
         multiple companies




QAD Proprietary
       Consolidation
        Transfers GL balances from the source companies to a target
         (consolidation) company by means of a journal entry
                  – Account, sub-account and inter-company codes
                  – 100% or partial consolidation
                  – Staged consolidation is possible, through different currencies
        Allows further manual postings after consolidation:
                  – Report based on inter-company codes is basis for inter-company elimination
                  – Allows simulation postings or other postings in consolidation company




QAD Proprietary
       Period Closing and Marks
        Period Marks get created automatically when changing
         status
        Period Status: Open, Locked, Reported




QAD Proprietary
       Allocation Module
        Distribute costs and revenues to appropriate accounts,
         sub-accounts, cost centers and projects
        Supports recursive allocations
                  – Reuse result of previous allocation run as input for the next
        Validate results of allocation run before final posting




QAD Proprietary
       Workflow
       Introduces Workflow for Financials




QAD Proprietary
       Document Management
        Link scanned documents or any kind of file directly to
         any document in Financials




QAD Proprietary
       Financials : Complete Configurability of Screens
        Add, Move and Delete fields
        Change columns, sorting and layout for user, role or
         system




QAD Proprietary
       XLS and XML Import / Export
        E.g.: XLS for maintenance of COA, customers, suppliers, budgets
        E.g.: XLS for transaction entry of journal entries
        E.g.: XML for automated upload of exchange rates




QAD Proprietary
       Internal Controls / Compliance in QAD 2008
        New functionality to improve Internal Controls:
                  –   Segregation of Duties and Access Control
                  –   User Update Restrictions
                  –   Customer/Supplier Transaction Blocking
                  –   Credit Management Controls
                  –   Debit/Credit Separation in Sub ledgers
        Integration of selected European Accounting functionality:
                  – Correction Invoices
        Several built-in provisions for easier compliance
                  – Accounting periods control, closing procedures
                  – Accounting layers
                  – System controls
        Auditing
QAD Proprietary
       Role Based Security
        Define roles and their permissions
       Assign roles to employees
        Users can have different roles in different domains
        User interface changes can be role specific




QAD Proprietary
       Enterprise Financials - Internationalization
        Moving away from localizations
        Covering many requirements with the same solution
                  – Single code base: easier development of core model
                  – Make Shared Services easy to implement
        QAD 2008 with Enterprise Financials will have many
         capabilities prior only delivered as part of localizations
        Ongoing development of solutions to meet new and
         changing local requirements
        New Internationalization service being developed



QAD Proprietary
       Summary: What Can We Help You Achieve?
        Create a transparent system
                  –   Reporting: management, financial and government
                  –   Eliminating duplicate data entry
                  –   Getting it right the first time
                  –   Based on Lean principles
        Stay flexible
                  – Flexible structures, combining legal and organizational
                    hierarchies
                  – Corporate restructures

        Become one business
                  – Support the need of your different business divisions
                  – While standardizing data and processes
                  – Sharing financial services

QAD Proprietary
                    Thank You
                      & Now
                  A Quick Product
                  Demonstration

QAD Proprietary

				
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posted:11/4/2012
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