IFS FINANCIALS 7.5 DEVELOPMENT HISTORY

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3 DEVELOPMENT HISTORY HANS SJÖQVIST CHIEF ADVISER, IFS FINANCIALS

4 RELEASE AND SERVICE PACK HISTORY First released October 11 th 2007 Service Pack 1 released March 7 th 2008 Service Pack 2 released June 27 th 2008 Service Pack 3 released December 5 th 2008 Service Pack 4 released July 10 th 2009 Service Pack 5 released February 16 th 2010 Service Pack 6 released June 11 th 2010 Service Pack 7 planned for release November 26 th 2010 All service packs (SP s) contain important functional improvements, not just packaged bug corrections! 4 IFS FINANCIALS 7.5 DEVELOPMENT HISTORY

5 BASE FUNCTIONAL HIGHLIGHTS

6 A FEW HIGHLIGHTS FROM THE BASIC RELEASE Complete View Voucher Source functionality Major improvements in Fixed Assets, e.g. Depreciation Plan, Physical Count, Object Class, Transaction Reason etc. Correction Invoice Cash Box (Mixed Payments light ) Enhanced Customer Interest Invoicing Repost AR/AP Ledger Items Fully definable Tax Templates and Tax Liability Date in the Tax Ledger User defined Project Cost Elements 6 IFS FINANCIALS 7.5 BASIC RELEASE

7 COMPLETE VIEW VOUCHER SOURCE FUNCTIONALITY Function Group Description 0 (zero) Purchasing, Non-inventory A Depreciations B Payments Received C Consolidation D Multi Company Voucher E Personnel Transactions F Customer Invoice G Offset AR/AP H Currency Revaluation I Supplier Invoice Entry J Supplier Invoice, Final Posting K Corrections L Stock Movements M Manual Vouchers *) N Mixed Payments O Shop Order Operations P Project Transactions Function Group Description Q Opening Balances *) R Interim Vouchers S Employee Payment T Time Transactions U Payments V Time Transactions, Work Order W Wage Transactions *) X Period Allocation Y Project Work in Progress Z Periodical Cost Allocation AFP Application for Payment CB Cash Box CSS Cost Sold Services LI Interim Sales SCV Sub Contract Valuation TF Tools and Facilities YE Year-end Accounting *) *) No source available 7 IFS FINANCIALS 7.5 BASIC RELEASE

8 FIXED ASSETS DEPRECIATION PLAN 8 IFS FINANCIALS 7.5 BASIC RELEASE

9 FIXED ASSETS PHYSICAL COUNT 9 IFS FINANCIALS 7.5 BASIC RELEASE

10 CORRECTION INVOICE 10 IFS FINANCIALS 7.5 BASIC RELEASE

11 CASH BOX 11 IFS FINANCIALS 7.5 BASIC RELEASE

12 ENHANCED CUSTOMER INTEREST INVOICING 12 IFS FINANCIALS 7.5 BASIC RELEASE

13 REPOST AR/AP LEDGER ITEMS 13 IFS FINANCIALS 7.5 BASIC RELEASE

14 TAX LIABILITY DATE 14 IFS FINANCIALS 7.5 BASIC RELEASE

15 PROJECT COST ELEMENTS 15 IFS FINANCIALS 7.5 BASIC RELEASE

16 SP1 FUNCTIONAL HIGHLIGHTS

17 HIGHLIGHTS FROM SERVICE PACK 1 Basic support for SEPA electronic payment format Generic function for Period Allocation, available from: Instant Invoice line Service Contract line Enhanced Customer Details queries Drill-down capability from AR/AP invoice queries to order/receipt 17 IFS FINANCIALS 7.5 SP1

18 SEPA ELECTRONIC PAYMENT FORMAT 18 IFS FINANCIALS 7.5 SP1

19 GENERIC FUNCTION FOR PERIOD ALLOCATION 19 IFS FINANCIALS 7.5 SP1

20 ENHANCED CUSTOMER DETAILS QUERIES 20 IFS FINANCIALS 7.5 SP1

21 DRILL-DOWN FROM CUSTOMER INVOICE TO ORDER 21 IFS FINANCIALS 7.5 SP1

22 DRILL-DOWN FROM SUPPLIER INVOICE TO RECEIPTS 22 IFS FINANCIALS 7.5 SP1

23 SP2 FUNCTIONAL HIGHLIGHTS

24 HIGHLIGHTS FROM SERVICE PACK 2 Expanded support for SEPA electronic payment format: Format verified for Finland, Austria and Germany Possibility to enter electronic payment address for SEPA Direct Debiting Property Codes in Fixed Assets: Need for standardized user defined Object attributes, available in queries 24 IFS FINANCIALS 7.5 SP2

25 DEFINING PROPERTY CODES IN FIXED ASSETS 25 IFS FINANCIALS 7.5 SP2

26 CONNECTING PROPERTY CODES TO OBJECTS 26 IFS FINANCIALS 7.5 SP2

27 QUERY BY PROPERTY CODE 27 IFS FINANCIALS 7.5 SP2

28 SP3 FUNCTIONAL HIGHLIGHTS

29 HIGHLIGHTS FROM SERVICE PACK 3 Possible to view connected documents from voucher queries, both in Accounting Rules and General Ledger Budget Process improvements: Responsible User Group per template (Combination Rules validation) Exclude templates based on status when a budget process is loaded into a budget version Possible to modify code strings when Instant Invoice is in status Printed Improved Multi-company Customer/Supplier Payment queries Improved manual Bank Reconciliation: Bank balance stored with reconciliation date and printed on report Report available on RMB Possibility to exclude already matched transactions 29 IFS FINANCIALS 7.5 SP3

30 RESPONSIBLE USER GROUP PER BUDGET TEMPLATE 30 IFS FINANCIALS 7.5 SP3

31 BUDGET TEMPLATES EXCLUDED BASED ON STATUS 31 IFS FINANCIALS 7.5 SP3

32 QUERY MULTI-COMPANY CUSTOMER/SUPPLIER PAYMENTS 32 IFS FINANCIALS 7.5 SP3

33 IMPROVED MANUAL BANK RECONCILIATION 33 IFS FINANCIALS 7.5 SP3

34 SP4 FUNCTIONAL HIGHLIGHTS

35 HIGHLIGHTS FROM SERVICE PACK 4 New Change Company dialogue, both for session and individual client New authorization level for vouchers, Approve Only Multi-line Notes added to Manual Vouchers, editable from General Ledger Optional irreversible period closing IL Authority, similar to existing GL Authority Installments section now added to the Project Invoice layout New and adjusted electronic payment formats File output from Tax Ledger can now be either text or XML files New and adjusted tax templates 35 IFS FINANCIALS 7.5 SP4

36 NEW CHANGE COMPANY DIALOGUE 36 IFS FINANCIALS 7.5 SP4

37 NEW AUTHORIZATION LEVEL FOR VOUCHERS Authorization level Approve Only : SOX requirement (segregation of duties) New voucher status added, Awaiting Approval 37 IFS FINANCIALS 7.5 SP4

38 MULTI-LINE NOTES ADDED TO MANUAL VOUCHERS 38 IFS FINANCIALS 7.5 SP4

39 MULTI-LINE NOTES EDITABLE FROM GENERAL LEDGER 39 IFS FINANCIALS 7.5 SP4

40 OPTIONAL IRREVERSIBLE PERIOD CLOSING 40 IFS FINANCIALS 7.5 SP4

41 OPTIONAL IRREVERSIBLE PERIOD CLOSING Status drop-down list replaced by RMB options: Bonus: Close GL Period Open GL Period Close GL Period Finally Several periods can be closed at the same time Role based access to close/open period 41 IFS FINANCIALS 7.5 SP4

42 OPTIONAL IRREVERSIBLE PERIOD CLOSING Expanded validation during period closing: Screen displaying the result of all validations (errors and warnings) Can also be initiated from the RMB menu 42 IFS FINANCIALS 7.5 SP4

43 IL AUTHORITY, SIMILAR TO EXISTING GL AUTHORITY Similar to GL Authority, but: Unique rules per IL No Users per Authority Class client. Instead connected to Users per Internal Ledger. 43 IFS FINANCIALS 7.5 SP4

44 SP5 FUNCTIONAL HIGHLIGHTS

45 HIGHLIGHTS FROM SERVICE PACK 5 New domains available for Enterprise Application Search einvoice Adapter Business Analytics Information Sources from IFS Financials now available both Online or through Data Mart New GL Structure client Support for EU Services in Tax Ledger 45 IFS FINANCIALS 7.5 SP5

46 ENTERPRISE APPLICATION SEARCH - CONCEPT 46 IFS FINANCIALS 7.5 SP5

47 ENTERPRISE APPLICATION SEARCH - DOMAINS Six new Search Domains added to IFS Financials: Customer Invoices Supplier Invoices Customer Payments Supplier Payments Fixed Assets Objects GL Vouchers The following two search domains already existed: Customers Suppliers 47 IFS FINANCIALS 7.5 SP5

48 einvoice ADAPTER - BENEFITS Electronic transportation from sender to receiver without digital/analog conversion or loss of information Cost reduction: einvoice saves money, both for receiver and sender. Affordable solution compared to traditional EDI, with quick start-up. Legislation: Already required in some countries where the whole public sector must use einvoice. More countries to follow. Prerequisite for an effective utilization of existing information from the ERP system for matching, posting and authorization (workflow) Strong solution together with the existing supplier invoice workflow functionality (SINWOF component) Supplier invoices can be handled automatically all the way from invoice import to the payment process, including automatic line matching 48 IFS FINANCIALS 7.5 SP5

49 PROCESSING OF INVOICES 49 IFS FINANCIALS 7.5 SP5

50 THE SUPPLIER INVOICE PROCESS 50 IFS FINANCIALS 7.5 SP5

51 AUTOMATIC INVOICE MATCHING, POSTING, AUTHORIZATION Automatic matching when PO reference(s) exists, either on Line, Receipt or Header level Fully integrated with ERP general posting rules (Posting Control) and PO specific posting rules (PO Pre-posting) Automatic authorization if within supplier unique tolerance PO Delivery PO Rules PO Tolerance Matched! Posted! Authorized! Invoice Invoice Invoice 51 IFS FINANCIALS 7.5 SP5

52 BUSINESS ANALYTICS INFORMATION SOURCES IFS Financials Available Data Access Types Information Source Online Data Mart GL Balance Yes Yes GL Transaction Yes Yes GL Period Budget Yes Yes IL Period Budget Yes Yes Internal Ledger Transaction Yes Yes Internal Ledger Balance Yes Yes Tax Ledger Items Yes Yes Budget Template Transacion Yes Yes GL Project Costrev Transaction Yes Yes GL Project Balance Yes Yes GL Project All Transaction Yes Yes GL Project Costrev Balance Yes Yes 52 IFS FINANCIALS 7.5 SP5

53 NEW GL STRUCTURE CLIENT Structure Status: In Progress, Active, Obsolete 53 IFS FINANCIALS 7.5 SP5

54 SUPPORT FOR EU SERVICES IN TAX LEDGER 54 IFS FINANCIALS 7.5 SP5

55 SP6 FUNCTIONAL HIGHLIGHTS

56 HIGHLIGHTS FROM SERVICE PACK 6 Multiple Default Addresses per Address Type Adjustable Valid From date in copy posting control details Structure Status validation when using structures in: Structure queries (error at execution) Report Generator (warning at definition, error at execution) Periodical Cost Allocation (warning at definition, error at setting Active) Improved flexibility when importing supplier invoices Due date displayed for fully paid or cancelled customer/supplier invoices Rounding option for tax base amount New and adjusted electronic payment formats New and adjusted tax templates 56 IFS FINANCIALS 7.5 SP6

57 DATE DEPENDANT ADDRESS DEFAULTS Possibility to have multiple Default Addresses per Address Type, provided that the Valid From/To doesn t overlap between the addresses 57 IFS FINANCIALS 7.5 SP6

58 VALID FROM DATE IN COPY POSTING CONTROL DETAILS Possibility to decide the Valid From date for copied Posting Control details 58 IFS FINANCIALS 7.5 SP6

59 IMPROVED FLEXIBILITY, EXTERNAL SUPPLIER INVOICES 59 IFS FINANCIALS 7.5 SP6

60 DUE DATE FOR FULLY PAID OR CANCELLED INVOICES 60 IFS FINANCIALS 7.5 SP6

61 ROUNDING OPTION FOR TAX BASE AMOUNT Some countries requires rounded Tax Base Amount, i.e. no decimals. Option added to Tax Template Basic Specific Info: Round Up Round to Nearest Round Down 61 IFS FINANCIALS 7.5 SP6

62 SP7 FUNCTIONAL HIGHLIGHTS PRELIMINARY CONTENT, planned for release November 26 th 2010

63 HIGHLIGHTS FROM SERVICE PACK 7 Code String Completion option for External Vouchers Advanced option for Include/Exclude Specific Values in Periodical Cost Allocation (compare Report Generator) New electronic payment formats, e.g. Nya Autogirot New and adjusted tax templates Business Analytics improvements: Bulk validation of published reports against used BA Information Sources Error log when erroneous reports are executed through BA Execution Server Generic Time dimension (Year, Month, Week etc.) available for BA Information Sources. So far added to Customer and Purchase orders. 63 IFS FINANCIALS 7.5 SP7

64 ADVANCED INCLUDE/EXCLUDE SPECIFIC VALUES IN PCA 64 IFS FINANCIALS 7.5 SP7

65 65 IFS FINANCIALS 8 HINTS IFS APPLICATIONS 8 STATEMENTS OF POSSIBLE FUTURE FUNCTIONALITY FOR IFS SOFTWARE PRODUCTS AND TECHNOLOGY ARE FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS ANY COMMITMENT OR REPRESENTATION IFS

66 IFS FINANCIALS 8 FOCUSED AREAS Usability and simplified business processes Cash Flow Analysis with Business Analytics Project Finance IFS plans to make a beta release of IFS Applications 8 available to early adopters in mid Release to market is scheduled for Q4 Q1 Q2 Q Q4 HINTS IFS APPLICATION 8 BETA RELEASE RELEASE TO MARKET EARLY ADOPTER PROGRAM 66 HINTS IFS APPLICATIONS 8 IFS FINANCIALS

67 IFS FINANCIALS 8 USABILITY AND SIMPLIFIED BUSINESS PROCESSES Improved Create Company functionality Possibility to use Code Part Attributes, Account Type and Account Group in 5 balance based GL/IL queries Possibility to split depreciation cost for a single Fixed Assets object Improved pattern flexibility for Recurring Customer/Supplier Invoices Redesigned Mixed Payment client Queries for Turnover per Customer and Turnover per Supplier AR Contact introduced as selection criteria in AR queries and reports Etc (i.e. plenty more to follow) HINTS IFS APPLICATION 8 67 HINTS IFS APPLICATIONS 8 IFS FINANCIALS

68 IFS FINANCIALS 8 PROJECT FINANCE Project Cost Element based on any code part (from current extension) Revenue Elements (from current extension) Project balance sheet support (from current extension) Cost Break Down structure Project Budgeting and Forecasting multi-currency Project reporting currency Multiple overheads on time bookings HINTS IFS APPLICATION 8 68 HINTS IFS APPLICATIONS 8 IFS FINANCIALS

69 THIS DOCUMENT MAY CONTAIN STATEMENTS OF POSSIBLE FUTURE FUNCTIONALITY FOR IFS S SOFTWARE PRODUCTS AND TECHNOLOGY. SUCH STATEMENTS OF FUTURE FUNCTIONALITY ARE FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS ANY COMMITMENT OR REPRESENTATION. IFS AND ALL IFS PRODUCT NAMES ARE TRADEMARKS OF IFS. THE NAMES OF ACTUAL COMPANIES AND PRODUCTS MENTIONED HEREIN MAY BE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS.