Products & Solutions / Financial Reporting & Planning

SAS® Financial Management

Improve the accuracy and timeliness of financial plans, budgets and reports

SAS® Financial Management is a comprehensive solution for enterprise planning, budgeting, consolidation and reporting. With a proprietary calculation engine and accounting logic, this remarkable solution consolidates planning or historical information on demand, ensuring that the latest information is always available for decision makers and regulatory agencies.

Benefits

  • Communicate and execute strategies more effectively.
  • Create more frequent, accurate forecasts.
  • Publish financial reports more quickly.
  • Plan your transition to International Financial Reporting Standards (IFRS).
  • Adopt eXtensible Business Reporting Language (XBRL) for financial reporting.

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Features

  • Dynamic consolidation
  • Accounting logic
  • Budgeting and planning
  • Data management
  • Information delivery

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" What SAS does exceptionally well is provide customer service at the highest possible mark."

—Caterri Woodrum

Chief Deputy Director, Chief Financial Officer

NC Museum of Art

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Develop and compare scenarios interactively with historical, forecast and graphical data.


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How SAS® Is Different

SAS Financial Management is a comprehensive solution for financial reporting and planning that provides organizations with financial transparency, on-demand consolidation and performance-based budgeting capabilities.

  • Simulate potential outcomes for leveraging opportunities and mitigating threats.
  • Identify correlations between activities and objectives to better predict the most optimal path to success.
  • Utilize more accurate forecasts in planning, identifying historical trends and aligning operations with planning.
  • Accelerate analysis of financial information and eliminate time-consuming batch processing.
  • Facilitate collaborative budgeting and planning.
  • Create reports that conform to new regulatory and compliance needs.

Benefits

  • Communicate and execute strategies more effectively. SAS Financial Management provides seamless communication of strategy with integrated planning, budgeting, financial reporting, business modeling, and scorecards and dashboards.
  • Create more frequent, accurate forecasts. With SAS Financial Management, you can explore multiple scenarios and encourage broader participation in forecast development to enhance the reliability of published earnings expectations.
  • Publish financial reports more quickly. SAS Financial Management performs on-demand consolidations that include automatic currency conversion, intercompany eliminations, ownership adjustments, allocations and more, helping you close your books faster.
  • Plan your transition to International Financial Reporting Standards (IFRS). SAS Financial Management allows simultaneous reporting in both local GAAP and IFRS, easing the transition while ensuring regulatory compliance.  The accompanying IFRS Planning Guide will help you focus on what’s important for a smooth transition.  Download the IFRS Planning Guide now.
  • Adopt eXtensible Business Reporting Language (XBRL) for financial reporting. Review the XBRL Planning Guide for guidance on your post-consolidation options after compiling your regulatory reports from SAS Financial Management.

Features

Dynamic consolidation
  • Bidirectional, dynamic, secure link to the common data repository.
  • On-demand access to actual and planning data.
  • On-demand consolidation for enhanced what-if scenario modeling.
Accounting logic
  • Support for multiple accounting standards and partial ownership consolidations.
  • Manual journal adjustments.
  • Balancing rules.
  • Allocations.
  • Automatic time aggregations (e.g., year to date).
  • Roll forward of retained earnings.
  • Multiple exchange rate sets.
  • Currency translation adjustment for single and multiple accounts.
  • Calculated rates ( e.g., cost per product).
  • Special data dimension classifies and tracks changes to source data from external systems or data entry forms.
Budgeting and planning
  • Rolling forecasts.
  • Driver-based, top-down and bottom-up budgeting.
  • Enterprisewide collaboration.
  • Workflow control.
  • Budget-cycle seeding.
  • Advanced SAS Analytics for intelligent forecasting.
  • Supplementary schedules.
Data management
  • Common data model for integration with other SAS solutions.
  • Extraction, transformation and loading from virtually any data source, including ERP systems, RDBMSs and Microsoft Excel.
  • Validation of data while importing and automatic generation of error reports when data importing fails.
  • Checks during data importing for missing dimension values, trial balance debit or credit, and intercompany activity that has been tagged for internal and external trading.
Information delivery
  • Reports created in Microsoft Excel.
  • Shared reports are easily accessed.
  • Automatic notification for key information, such as KPIs.
  • Workflow managed for individual users.
  • Data flow automated, minimizing the time users spend gathering data.

Screenshots

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Develop and compare scenarios interactively with historical, forecast and graphical data.

View Screenshot

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Visual representation of parent and subsidiary ownership relationships.

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Incorporate advanced analytical forecasting into a driver-based budgeting and planning process.

View Screenshot

System Requirements

Client Environment

Operating systems
  • Windows XP Professional SP3 (32/64 bit)
  • Windows Vista SP2 (Enterprise, Business or Ultimate, 32/64-bit)
  • Windows 7 (Enterprise, Ultimate or Professional, 32/64-bit)
Minimum processor speed
  • 2GHz
Memory requirements
  • 1GB RAM

Server Environment

Operating system/application server
  • IBM AIX 6.1, with IBM WebSphere 6.1.0.21 or 7.0.0.9, ND or OEM
  • Red Hat Linux 5.4, with IBM WebSphere 6.1.0.21 or 7.0.0.9, ND or OEM
  • Sun Solaris/SPARC v10, with Oracle WebLogic 10.3.0 or IBM WebSphere 6.1.0.21 or 7.0.0.9, ND or OEM
  • Windows 2003 Server Enterprise Edition (32/64-bit), with Oracle WebLogic 10.3.0
  • Windows 2003 Server Service Pack 2 (64-bit), with Oracle WebLogic 10.3.0
  • Windows 2008 Server R1 Service Pack 2 (32/64-bit), with Oracle WebLogic 10.3.0 or IBM WebSphere 6.1.0.21 or 7.0.0.9, ND or OEM
  • Windows 2008 Server R2 x64 Service Pack 2 (64-bit), with IBM WebSphere 6.1.0.21 or 7.0.0.9, ND or OEM

Note: SAS Financial Management 5.2 is supported on both a 32-bit and 64-bit Windows Server operating system. The 64-bit operating system is highly recommended, because it provides the ability to address a significantly greater memory space.

Database
  • MySQL Server 5.0.86

Note:  If upgrading from SAS Financial Management 5.1, then you do not need to upgrade to MySQL 5.0.86.

Hardware Requirements

The minimum hardware requirements for memory and processor speed can vary greatly depending on the use of each solution. The Enterprise Excellence Center at SAS has a sizing and configuration program. Please contact the EEC for accurate hardware sizing, including migration from prior releases, and contact your SAS representative with any additional questions about technical requirements.

Ready to learn more?

Call us at 1-800-727-0025 (US and Canada) or request more information.