Using Real Time Financial Information to enhance performance

Transcription

1 Food Supply Chain Business Management Solutions Using Real Time Financial Information to enhance performance Financial Management

2 Accurate and timely financial management forms the foundation of business success. Organisations achieve better performance when financial management is measured precisely and then made available to decision makers within and beyond the finance department. Today s financial teams frequently have to deal with multinational, multi company operations, increased regulation, multicurrency transactions, financial audits and variations in tax laws. These tend to make the job of financial risk management and reporting more complex. Mandates application. The result is the provision of a single version of the truth - a core data set on which all reporting and analytics can be based. This reduces the time spent in reconciling various data sources while allowing management to identify opportunities for business improvements. The LINKFresh Financial Management suite includes the following facilities: Fig 1. Item Statistics Instant On-Screen Analytics Need to see statistical information on a customer or product? Simply call up the relevant record and press the F9 key to immediately access sales and profitability information on that customer or product. (See Fig. 1). In the past, this has proved notoriously difficult within the fresh food industry. The task of tracking the costs of low value short shelf life items moving at high velocity throughout the supply chain has proved impractical for most organisations. However, the new generation of ERP systems, when combined with easy to use dynamic data capture technologies, has now made this both feasible and cost effective. such as Sarbanes-Oxley, Basel 11, International Financial Reporting Standards (IFRS) and local Generally Accepted Accounting Principles (GAAPs) all add to the demands imposed on businesses operating in today s global economy. The LINKFresh Financial Management suite combines food specific analysis and reporting with the analytical solutions incorporated within the Microsoft Dynamics NAV based LINKFresh Standard Reports The Microsoft Dynamics NAV application includes a built in reporting and analytical functionality. These include over 300 standard reports (order summaries, inventory availability, budget V actual etc.) across all of the functional areas of the Microsoft Dynamics NAV suite. Special Reports The Microsoft Dynamics NAV suite includes a report design tool to help create special reports that meet even the most demanding Financial Reporting and Analysis LINKFresh gives you access to the following standard reporting, dashboards and KPI s for financial reporting: 30 day Ageing Distribution % Account Schedule Accounts Receivable Accounts Receivable Dashboard Accounts Receivable Drill Through Accounts Receivable Scorecard Accounts Receivable Turnover Aged Accounts Payable Aged Accounts Receivable Aged Creditors Graph Aged Creditors Report Aged Debt Report Average Collection Period Balance by Bank Balance by Currency Bank Account Statement Best Debtors Day Trend Consignment Profitability Report Cost of Goods Analysis Day Book Customer Ledger Entry Day Book VAT Entry Day Book Vendor Ledger Entry Days Delinquent Trend Days Payable Outstanding Days Sales Outstanding

3 information which is triggered by the payment criteria and agreements set up for each grower. In addition, the reporting suite includes analysis of production such as comparative yields per pack line, labour costs per shift, costs per unit packed, waste analysis per run, transport costs per type and per shipment. Fig 2. Detailed reporting by consignment provides vital cost and profitability information. requirements. A report wizard helps users to quickly create and edit ad-hoc reports to meet very specific requirements. Account Schedules and Analysis Reports These built in analysis tools enable users to extract data from general ledger, sales, purchasing and inventory held on the system. Users can compare data from budgets across time, departments and promotions. The results can be printed, available in a window that enables easy navigation to original entries and documents or exported to Excel for further analysis. Audit Trail Navigation This facilitates the capability to trace source documents through the accounting process to the financial statement and back to the original source document. The system provides drill-down and look-up facilities for users and auditors to easily follow extensive audit trails. This facility is a key feature in enabling compliance with corporate compliance initiatives such as Sarbanes-Oxley. LINKFresh Reports The LINKFresh suite includes a set of standard reports specifically designed to meet the needs of the fresh food sector. They include revenue and profitability by product, consignment and customer. They also include profitability by grower/supplier and by supplier groups. Considerable resources have also been committed to the production of grower s return/liquidation Microsoft SQL Reporting Services Microsoft Dynamics NAV is fully integrated with Microsoft SQL Server to provide a powerful reporting environment for financial management. It is a comprehensive server-based solution for creating, managing and delivering traditional paper based reports and interactive Web based reports. The On Line Application (OLAP) component in SQL Server creates OLAP cubes that contain pre-aggregated summaries that enable queries to be answered quickly regardless of the level of summarisation required. Excel Integration Used to working with Excel? LINKFresh facilitates the rapid export and import of information held in the system into Excel for further processing and analysis. Business Intelligence (BI) We input large data volumes to our system but struggle to extract meaningful business Dimensions Fiscal Year Balance Fixed Asset - Book Value 01 Fixed Asset - G/L Analysis Gross Profit Analysis IC Transactions Inventory Valuation Invoices over 120 days Largest / Oldest 10 Creditors Largest / Oldest 10 Debtors Operating Cost Analysis Operating Profit Analysis Payments on Hold Period Cash Balance Profit & Loss Profit Margin Analysis Receivables Turnover Receivables Turnover Trend Reconcile Customer and Vendor Accounts Sales Invoice Listing Sales Revenue Analysis Statements Stock Balance Trial Balances & Budgets Unit Price of Products Sold VAT Statement WIP Balances

4 information is a common refrain by management teams working with legacy applications. LINKFresh uses the award winning Zap Business Intelligence suite to provide customers with a clear and consistent view of key corporate information. Zap helps to automate reporting workflows which drastically reduces the management time spent on reporting activities. This frees up resources to focus on initiatives designed to make a difference to the bottom line. Zap Pre-Packaged Analytics Packs LINKFresh utilises the comprehensive pre-packaged ready-to-use Zap analytics packs available for financial reporting, these include: Foundation Pack - Corporate Finance Overview Scorecard - Operating expenses Variance Report - Working Capital Scorecard - Accounts Receivable Dashboard - Accounts Payable Dashboard - Cash flow Statement - Customer Sales Dashboard - Item Purchasing Dashboard - Inventory Valuation Dashboard - Inventory on-hand Dashboard - Inventory Turnover Dashboard - ABC Resources (Cost, Revenue, Margin) - Inventory Ageing Report Fig 3. Corporate Finance Overview Dashboard - Job Costing Summary Dashboard - Job Costing Analysis - Warehouse Dashboard - Warehouse Summary Scorecard - Reconciliation Reports Discrete Manufacturing Pack - Overall Equipment Effectiveness Dashboard - Production Efficiency Dashboard - Production Quantity Summary Dashboard - Actual vs Planned Cost by Production Order - Production Hours Dashboard SharePoint Need to securely share LINKFresh generated dynamic business information with your employees, suppliers and customers? Why not use SharePoint Insights to provide access to the real time information that they need to make informed decisions. SharePoint is the business collaboration platform for the enterprise and the Internet. It helps to transform the way people and companies work together to share expertise and ideas while meeting changing demands. It helps companies gain a competitive advantage through innovation, increased employee productivity and improved workforce agility. Zap s Business Analytics Business Analytics for Microsoft Dynamics NAV is an out-of-thebox solution that turns your NAV transactions into insight, empowering employees to improve performance. capabilities such as dashboards, key performance indicators (KPIs), scorecards, reports, and analysis, and accelerate business value with alerts, report scheduling, and optional predictive analytics. Enhance decision-making and performance management with business intelligence (BI)

5 Financial Management Sales & Purchase Warehouse Management Manufacturing LINKFresh Architecture Foundation Granules Supply Chain Operations Logistics FOUNDATION Consignment Trading SUPPLY CHAIN OPERATIONS LOGISTICS Repack Orders Analysis & Reporting Product Costing Advanced Pricing 3rd Party Inventory EDI Proof of Delivery Grower Returns & Self Billing Forecasting & Budgeting Category Management Planning Board Produce Grading Label Room Live Factory Performance Pallet Builder Pallet Tracking Distribution Packaging Optimizer Haulage Ledger Quality Control Market Trading Customer Service Contract Packing Trading Board Manifest Processing Device Integration Inter-Company Transactions Alerts Manager Mobilty Manager Divisional Segregation Web Interface Anglia s powerful LINKFresh package uses its business mobility application suite to provide full visibility of inventory, labour and packaging costs throughout the entire supply chain. By integrating mobility with order processing, purchasing, production, distribution, logistics and finance, the system enables management teams to monitor profitability in real time. This helps to reduce waste, labour, transport and packaging costs while improving customer service. It enables customers to improve profitability and compete effectively in the marketplace using dynamic information as a vital business aid. Microsoft Dynamics NAV Overview LINKFresh is a Certified for Dynamics packaged solution designed and developed to seamlessly integrate with Microsoft Dynamics NAV. Over 90,000 global companies use Microsoft Dynamics NAV to manage their businesses making it the software giant s flagship ERP product. This fully featured business management suite is fast to implement, easy to configure and simple to use. The product is widely used within the food sector. The Microsoft Dynamics NAV inbuilt development environment provides the ideal technology base to deal with the changing requirements of this challenging industry. The operational flexibility it provides is a key differentiator in enabling companies in the food sector to accelerate the velocity of their supply chains. Adding the LINKFresh advanced food specific functionality together with the LINKFresh mobility suite provides management with full visibility of product and processes throughout the entire supply chain. The Microsoft Dynamics NAV product is available in 42 different country versions and is supported by a Microsoft Certified Partner Community of over 4,000 solution centres.

6 For detail, demonstration or discussion: Visit or Anglia Business Solutions Ltd Harston Mill, Harston Cambridge, CB22 7GG, UK Tel: +44 (0) Fax: +44 (0) Web: LINKFresh and the respective logomark is a registered trademark of Anglia Business Solutions Ltd.