Archives: ORYX Brochures

We understand the challenges faced when undertaking Financial Planning and forecasting; the integration of data from multiple sources and systems, the countless structural challenges, the complex numerical calculations, and the need to complete plans within stringent fixed deadlines.

We know that the success of your planning function largely depends on the speed at which you can create and analyse your plan information, and then adapt your business logic to meet fresh requirements and new initiatives.

In corporate enterprises, the complexity is multiplied by the differences in regional requirements. You need a system that accommodates local variations within a single corporate financial planning and analysis strategy. We also appreciate that to do all of this manually is very time consuming and complex. But what if there was an automated solution that yielded an improvement in performance, without undermining the quality of your plan, providing you with all the tools you need to survive the multiple challenges of planning.

Now there is. ORYX Plan.

Achieve more

Streamline Your Planning Using Financial Management Software

Accountagility’s planning solution enables full end to end automation of all your planning activities, freeing up your valuable resources. With full drill-down analysis, reporting and a powerful business rules engine at your fingertips, ORYX Plan significantly reduces the time it takes to create a full financial plan. All within a single environment, with plan activities and business logic managed and updated by regular team members, it gives you and your finance function complete version and plan cycle control.

Capture and Share Business Data

Start by removing risk from incorrect or inconsistent data. ORYX Plan has an automated workflow with unique inbuilt data validation processes that handle manual inputs and in-house system feeds from all parts of your business. This ensures that all incoming data is checked before you rely on it, giving you the confidence of improved quality and greater accuracy from the start.

Your valuable planning data can be seamlessly integrated into consolidation or other ledger systems, providing full flexibility and functionality to share information throughout the business.

Single Planning Environment

What if you could deliver a disciplined approach and structure to your planning activities within a single environment? ORYX Plan has an intuitive and responsive user interface that allows you to compute multiple plans using rules-based methodology, or use ready pre-built modules designed for industry specific financial activities.

Deployed on-site or in the cloud, you have your data, your rules, your views, your reports and your descriptions – all designed in your style. You take full control of your planning management software.

“ORYX Plan is part of an integrated suite of solutions that reduces operating costs and risks within the Finance function”

ORYX PLAN FEATURES

Support Regional Needs	Accommodate regional requirements through distributed plan ownership and flexible variants
Full Change Control	Compare and track multiple plan scenarios with roll back functionality
Plan Integrity	Data integrity tests to ensure that your plan is complete and accurate
Automatic Integration	Automated data feeds from all other systems and data sources with full validation
Foreign Exchange	Full support for foreign currency translation at a transactional and regional level
Continuous Forecasting	Roll forward your financial forecasts monthly and annually, to monitor ongoing performance to plan
Traceability	Analysis tools enable you to quickly drill down from your plan back to your business logic and source data
Top Down vs Bottom Up	Calibrate your bottom-up plan to match management expectations
Driver Based Modelling	Create a full financial plan from base principles, including different data feeds, rules and manual adjustments
Analysis & Reporting	Flexible analysis and planning tools provide full analysis and commentary to help you understand your numbers
Connect to Multiple Data Sources	Pull data from any data source, giving unprecedented detail and plan comprehension

Information – On Demand

We know how important it is to be able to create reports and obtain data extracts – our customisable reporting facility enables you to intuitively create automated reports and analysis activities at a moment’s notice.

Comparing scenarios and analysing data, at any level of detail, is possible with full drill-to-source capability. ORYX Plan dynamically delivers instant reporting and the information you need, when you need it.

ORYX Plan is one of the fastest number-crunching solutions available, computing large and complex plans in seconds. It employs in-memory processing to achieve lightning fast results.

Seamless Process Management

Our unique version and plan cycle controls system makes managing your planning process simple. Comprehensive data controls ensure that all inputs are tracked and properly managed throughout a plan cycle, giving you confidence and full traceability.

Instant Decision Making

Systems that use oversimplified metrics reduce the flexibility of how you can analyse your business. Our fully integrated solution can use any data attribute to view current performance, whilst also allowing you to pick out historical trends over a period of your choosing (i.e. a prior day, week, month or year) to make valuable future projections.

Designed for You

Our rich planning solution has been created by Financial experts, just like you, with similar backgrounds and experience. We understand your need for practical time saving functionality and so our rich solution has been designed to enable you to deliver your projects with the right mix of control, flexibility and agility.

Delivery that Puts You in Control

Our solution delivery is a joint exercise between you and us; that means we work with you at every step of the way throughout the project lifecycle

“Our solution offers great value and is competitive to any other product. Challenge us today. Ask us to provide a free report on your existing Planning process to see if we can deliver improved flexibility and reliability, as required by your business.”

In a busy Finance function, the month end close process is a recurring challenge. Many businesses have developed multiple P&Ls, balance sheets and data sources, with international structures posing a particular set of needs. There never seems to be enough time to meet demanding deadlines, and such pressures can affect accuracy. As if that is not enough, emerging regulatory requirements are impacting the closing timetable, with extra time being needed to create reports for compliance regimes such as Solvency II.

Finance staff are assigned to dealing with the heavy workload of manual adjustments. This adds complexity to the task of supporting all stakeholders. Then there are further processes associated with Quarter End, Half Year and Year End, all adding to the demands and the workload. Accountagility’s financial close solution is the answer to all your period end and reporting needs. Introducing ORYX Close.

Achieve more

Streamline Your Closing

ORYX Close can save up to 50% of the time and effort incurred by a medium to large Finance Department in performing its month end close process. This saving also holds true for the other period ends (Quarterly, Half Year and Annual).

You no longer need to burn the midnight oil. You can improve staff conditions and morale, reduce overtime costs, whilst eliminating errors and improving accuracy. You can substantially reduce the volume of manual adjustments, and at the same time satisfy audit requirements. You can release time to perform the regulatory and reporting processes, so that the information is produced flawlessly. All in all you can take out the undue stress traditionally associated with the closing deadlines

Regain Control

ORYX Close puts you back in control of the closing cycle. Now you have pleasant choices to make; what would you prefer… to reduce evening and overtime working? …to allocate staff to other, higher value tasks? … to shorten the close cycle? … to create more time for checking, reporting and regulatory outputs? … or a combination of all these options? You can determine the best choices for your function and make radical improvements to productivity and efficiency.

Turn Closing into a Predictable Process

With ORYX Close you have a powerful set of workflows that allow the close process to be automated and repeated. From the sourcing of data produced by a variety of internal and external systems, through to validation of data and QA of Ledgers, to journal entry and documentation, and the reduction of manual adjustments, ORYX Close has automatic labour-saving features that will save many man hours every month.

“ORYX Close is part of an integrated suite of solutions that reduces operating costs and risks within the Finance function”

Simple Governance

ORYX Close has an easy method of completing the process, culminating in an audited and streamlined sign-off procedure. Signatories can either approve workflows within the close process, or revert back with comments for further amendment, saving time on your approval processes. Not just simple, but automated, documented and above all, common sense.

Different Flows for Different Periods

Once the month end process is established, we help you build on that foundation. We define additional workflows for Quarter ends, Half Years and Full Year close. Once established, each one is repeatable, for further efficiency and consistency.

Information – On Demand

ORYX Close then provides intuitive and insightful analysis with full detailed drill down capability for your staff to identify, understand and quickly correct issues within your numbers. Finally, turn any extract into a journal entry using our easy to use adjustment tools. Management report templates can be created once, then replicated for multiple audiences and future periods. Use our automated commentary tools to annotate your numbers, or even upload your workings. Email out individually customised reports to a set of stakeholders with as little as a single click.

Designed for You

Our rich closing solution has been created by financial experts, just like you, with similar backgrounds and experience. ORYX Close has been designed to give you all the tools you need to survive the multiple challenges of Period Close, providing you with the power you need.

Delivery Options that Work for You

Through years of experience of working with different companies across the World, we’ve managed to fine tune our delivery solutions, so that they give your business exactly what it needs. Fixed price or Agile delivery – the decision is yours.

Our solution offers great value and is competitive to any other product. Challenge us today. Ask us to provide a free report on your existing Closing process to see if we can deliver improved flexibility and reliability, as required by your business.

Telephone: +44 (0)207 947 9650
Email: info@accountagility.com

ORYX CLOSE FEATURES

Support Regional Needs	Accommodate regional requirements through distributed close ownership and flexible variants.
Team Efficiency	Segregate duties, dedicate staff to particular areas, set alerts and reminders and track activity, to make your team more productive.
Rapid Adjustment	Automate your monthly journals into repeatable workflows, and benefit from tools that create ad-hoc adjustment entries on the fly.
Foreign Exchange	Identify your exposures and risks through predictive testing and sensitivity analysis capabilities, plus full support for foreign currency translation.
Support for Audit	ORYX Close has standard queries and features that make auditing simple and easy.
Journal Entries	Save time with automated entries and comments. Use the incremental journal capability to process adjustments automatically.
GL Analysis Tools	No specialist skills needed for finance staff to view the detail through easy drill-downs.
Reconcile your Differences	Reconciliations are easy to perform with automated comparisons and exception reports, all operated through the Reconciliation Dashboard.
Analysis & Reporting	Flexible analysis and documentation tools provide full analysis and commentary to help you understand your numbers.
Ledger Suites	Integration into industry standard ledger suites including SAP, Oracle, Sun Accounts, JD Edwards and Oracle to give you business continuity.

The demands on Group Finance teams have changed dramatically in recent times with the pressures of true global businesses, the burgeoning complexity of group structures, the varying needs of different operating units and the ever-increasing regulatory, audit and reporting burdens.

Reporting on currency fluctuations has added a further dimension to the challenge, as have the pressures to increase planning and reporting cycles.

Group Finance plays a crucial role in every corporate or multi-national organisation, but there are precious few solutions aimed at reducing their workload or supporting them in becoming more efficient.

Now that has changed. ORYX Consolidation unifies all of your general ledgers, for multiple entities, multiple currencies and multiple reporting standards together with your non-financial information, when you need it.

Achieve more

Streamline Your Consolidations

ORYX Consolidation is a complete solution for Group Finance that enables the automation of three key processes – accounting, reporting and consolidations. It acquires data from your ERP system(s), and then works with information from ORYX Close and/or ORYX Plan, or other tools and spreadsheets.

The centrepiece of the solution is the consolidation engine, which is built around flexible business processes and rules, and is designed to:

• Perform aggregations
• Effect eliminations
• Generate consolidation journals
• Create final consolidation reports and outputs
• Provide a single view of Group financials

There are many individual short cuts, automations and labour-saving features built in, with the net result that your Group Finance team no longer needs to burn the midnight oil. You can improve staff conditions and morale, control overtime costs, whilst mitigating the potential for errors and improving accuracy. You will release time to perform other analyses, added value insights, or regulatory and reporting processes.

All in all, you can take out the stress associated with meeting the deadlines of this vital time-critical function, whilst increasing accuracy and business value.

Single View of the Business

ORYX Consolidation can integrate to your existing ERP and planning systems to create a single set of consolidated views of the Group business, at any level required. This provides many benefits including standardisation and consistency of information, reporting and presentation. Group Management can now gain visibility of the whole global business, for greater insight and control.

Multi-currency, the Way You Need it

ORYX Consolidation maps to your FX requirements by coping with up to three currency types:

• Original currency (in the currency where the transaction occurred)
• Local currency (in the home currency for the Region)
• Reporting currency (your key reference currency in which you report your Group accounts)

Furthermore, it adapts to your policy on plan versus actual rates, and offers both manual and/or automated FX adjustments. However large the FX headache, ORYX Consolidation has the cure.

Intercompany Eliminations	Automate eliminations between operating units and geographies, and enable repeatability for future periods
Team Efficiency	Segregate duties, dedicate staff to particular areas, set alerts and reminders and track activity, to make your Group team more productive
Roll Forwards	Compare and track all activities and processes with roll forwards option and a comprehensive audit trail
Produce Accounts and Reports	Consolidated reports and accounts may be produced automatically, with full analysis and drill down capabilities
Support for Audit	ORYX Consolidation has standard queries and features that make auditing simple and easy
KPIs and Metrics	Include non-financial data in the consolidation process (Group KPIs and metrics) to form part of a single process stream along with the financial information
Automated Adjustments	Automate adjustments and complement this with an efficient and tracked manual adjustment capability
Compare to Your Plan	Compare your actuals to date against your plan, in order to perform variance analyses across the Group
Work with Multiple Hierarchies	Work with multiple hierarchies and submit data up the consolidation hierarchy automatically, via adjustable workflows
Flexible Periods	Use the flexible period structure to meet your standards and needs, and apply your preferred approach to adjustment periods

Speed up the Consolidation Process

ORYX Consolidation addresses many challenging areas within the Group Finance function through the central control and automation of what can often be a very manual set of processes. The result is substantially reduced effort to carry out the work and a shorter time cycle to complete them. Clients report reduction in effort of up to 60% and shortening of elapsed processing time of up to 30%. This means that the accounts are both more thorough and more timely, and that the accounts and reporting are more accurate.

Agility is Built In

ORYX Consolidation is built on a flexible business process platform that provides boundless agility even within the confines of a standard solution. Example uses of such flexibility include:

• Allowance for regional variations and distinct rules
• Rules-based adjustments, Group on-tops and eliminations

All this is achievable within a single and consistent workflow stream, for efficiency and predictability.

Exception Tracking and Governance

ORYX Consolidation incorporates a workflow that simplifies the logging, tracking and management approval of exceptions and changes, with all issues, actions and sign-offs being recorded for governance best practice. Signatories can either approve workflows within the regular cycle, or revert back with comments for future attention, saving time on approval processes. This reduces manual effort right the way through the cycle. Not just simplified, but automated, documented and above all, common sense.

Designed for You

Our fully-featured Group Finance solution has been created by financial experts, just like you, with similar backgrounds and experience. ORYX Consolidation covers all the key elements of the Group Finance function, and is fully featured and practical.

Delivery that Puts You in Control

Our solution delivery is a joint exercise between you and us; that means we work with you at every step of the way throughout the project lifecycle to produce a smooth and satisfactory result.

“Our solution offers great value and is competitive to any other product. Challenge us today. Ask us to provide a free report on your existing Group Finance process to see if we can deliver improved flexibility and reliability, as required by your business.”

One of the most time-consuming activities performed in the Finance function involves the processing, categorisation and expense allocation. In a larger department this is a regular process requiring dedicated staff, and increases in intensity at period end, when it can often absorb additional resource.

The key objective of this process for the business is a fair and correct distribution of expenses for each business unit, so that true costs may be recorded and profitability accurately assessed. It is also important to be able to compare actual expenses with budgeted values, on a monthly and year-to-date basis, in order to spot issues and trends early and to support efficient cost control.

Yet most Finance functions use manual processes for their expense allocation system, utilising heavy resources, cost and time implications. It can be a challenge to allocate all expenses in a timely manner, generating backlogs which mount up to make Quarter and Year End activity even more stressful.

Business Unit Managers add their requirements to the issue, as they demand timely and accurate management information, so that they can improve visibility of outgoing costs and meet their challenging targets.

There is also regulatory requirement to measure corporate entertainment per individual and client, in order to conform to spending limits. This adds greater weight to the need.

The finance department must manage this process too. There must be a better way to make this intricate area more efficient, and to reduce the resources it consumes. Accountagility has the answer. ORYX Cost Allocations.

Achieve more

Streamline Your Cost Allocations

Cost Allocations is an add-on module of ORYX Close, the financial close solution for all your period end and reporting needs. But it can be implemented discretely. Supporting the month, quarter and year end closing processes, ORYX Cost Allocations automates an area that is often based on highly manual processes, with valuable resources being devoted to this painstaking and detailed work.

It is a complete solution for the areas of expense allocation, accruals, exception handling, vendor analysis and management information summaries, whilst providing support for regulatory requirements through the automation of transfer pricing.

You can substantially mitigate the potential for coding errors, and at the same time satisfy audit requirements and support regulatory needs.

You can improve staff conditions and morale, reduce overtime costs, whilst eliminating errors and improving accuracy. You can release time to perform other regulatory and reporting processes, so that the information is produced flawlessly.

Speed up Expense Processing

ORYX Cost Allocations automates a thoroughly manual set of processes. The result is substantially reduced effort to process expenses and a shorter time cycle to handle them. Clients report reduction in effort of up to 80% and shortening of elapsed processing time of up to 50%. This means that the accounts are more detailed and timely and the P&Ls are more accurate.

Exception Tracking and Governance

ORYX Cost Allocations incorporates a workflow that simplifies the logging, tracking and resolution of expense exceptions, with actions and sign-offs being recorded for governance best practice. Signatories can either approve workflows within the regular process, or revert back with comments for further amendment, saving time on the approval processes.

This saves time right the way through the exception handling cycle. Not just simple, but automated, documented and above all, common sense.

Support for Regulatory Requirements

Solvency II regulation has placed an extra spotlight on improving the visibility and accuracy of all expenditure items. The need for higher degrees of probability (99.5%) intensifies the need for speed and accuracy in both the allocation and valuation of expenses.

ORYX Cost Allocations supports the Pillar 3 transparency mandate by offering flexible rules that can be applied to aspects such as transfer pricing.

Once established, each rule is repeatable into future periods, for further efficiency and consistency. With ORYX Cost Allocations you can reduce the burden of reporting and ensure accuracy of compliance, without having to add additional resources to your team

Vendor Analysis and Control

ORYX Cost Allocations allows the full analysis and reporting on vendor expenditures, consolidated at all levels up to Group as required. There are two key benefits to the business from such information:

1. A full understanding and views of exposure to individual vendors or vendor groups
2. The facility to control cost heads with your larger vendors to allow fuller exploitation of economies of scale.

Thus you can gain superior understanding of business risk whilst being able to control and reduce costs

Information Cubed

ORYX Cost Allocations produces an information cube from which you can simply produce expenses reports and analyses, in the form of output data, documents or spreadsheets.

You will be provided with a set of insightful standard reports for you and your management colleagues to study. Apart for the standard set of reports, which you can easily tailor, you also create your own set of customised reports and outputs from the cube views, and automate them for future periods. Use our automated commentary tools to annotate your numbers, or even upload your workings. Our analysis tools provide full management account-to transaction drilldown as standard.

Designed for You

Our fully-featured allocations solution has been created by financial experts, just like you, with similar backgrounds and experience. ORYX Cost Allocations covers all the key manual and intensive elements of the expenses function, and puts you back in control.

Delivery Options that Work for You

Through years of experience of working with different companies across the World, we’ve managed to fine tune our delivery solutions, so that they give your business exactly what it needs.

Fixed price or Agile delivery – the decision is yours.

ORYX Cost Allocations Features

Allocations

Automate allocations and reduce manual interventions

Team Efficiency

Segregate duties, dedicate staff to particular areas, set alerts and reminders and track activity, to make your team more productive

Full Change Control

Compare and track all expense processes with a comprehensive audit trail

Reduce errors

Reduce coding errors through improved workflows and flexible custom process rules

Support for Audit

ORYX Cost Allocations has standard queries and features that make auditing simple and easy

Journal Entries

Save time with automated entries and comments. Use the incremental journal capability to process some exception items automatically

Accruals

Make light of this intensive function with automated and tracked accrual items

Reconcile your Differences

Reconciliations are easy to perform with automated comparisons and exception reports, operated through the Reconciliation Dashboard

Compare to your plan

Compare your expenditures to date against your plan, in order to pinpoint pain areas early and better to control costs

Benefit Checklist

• Saves Time
• Shorter Cycle
• Faster Completion
• Supports Cost Saving
• Improved Control
• Audit and Compliance
• Documented Allocation Rules

Our solution offers great value and is competitive to any other product. Challenge us today. Ask us to provide a free report on your existing Cost Allocations process to see if we can deliver improved flexibility and reliability, as required by your business.

Telephone: +44 (0)207 947 9650
Email: info@accountagility.com