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.
Features
- Dynamic consolidation
- Accounting logic
- Budgeting and planning
- Data management
- Information delivery
“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
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
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- 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
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- 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
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- 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
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- 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
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- 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.
System Requirements
Windows (using WebLogic)
Client tier
Operating systems
- Windows XP Professional
- Windows 2000 Professional
- Windows 2003 Professional
Required software
- Microsoft Internet Explorer 6.0 or later
- Microsoft Excel 2000 or later (for SAS Add-In for Microsoft Office)
- Microsoft .NET framework 1.1 (for SAS Add-In for Microsoft Office)
- JRE: 1.4.2_09 (Sun)
Mid and consolidation tiers
The following list describes supported platforms for SAS Financial Management and SAS Information Delivery Portal.
Operating systems:
- Windows Server 2000 or Advanced Server SP3
- Windows 2003 Server or Advanced Server
- Windows 2003 Server, Enterprise Edition
Required software
- J2SDK: 1.4.2_05 (Sun)
- BEA WebLogic 8.1 SP6
- Xythos WebFile Sever (WFS) 4.2.35 or Apache HTTP Server 2.0.45
Note: Xythos is not used on the consolidation tier.
Data tier
Operating systems
- Windows 2000 Server or Advanced Server SP3
- Windows 2003 Server or Advanced Server, SE or EE
Database server
- MySQL 5.0.22
Required software
- Adobe Reader 6.0 or later (for online help)
- J2SDK: 1.4.2_05 (Sun)
- BEA WebLogic 8.1 SP6
- Xythos WebFile Sever (WFS) 4.2.35 or Apache HTTP Server 2.0.45
AIX (using WebSphere)
Client tier
Operating systems
- Windows XP Professional
- Windows 2000 Professional
- Windows 2003 Professional
Required software
- Microsoft Internet Explorer 6.0 or later
- Microsoft Excel 2000 or later (for SAS Add-In for Microsoft Office)
- Microsoft .NET framework 1.1 (for SAS Add-In for Microsoft Office)
- JRE: 1.4.2_09 (Sun)
Mid, consolidation and data tiers
The following list describes supported platforms for SAS Financial Management and SAS Information Delivery Portal.
Operating systems
- AIX 5.2 or 5.3 (AIX using Websphere)
Database server
- MySQL 5.0.22
Required software
- J2SDK: 1.4.2_05 (Sun)
- Adobe Reader 6.0.1 or later (for online help)
- WebSphere Application Server Network Deployment Version 5.1.1.5
- Xythos WebFile Sever (WFS) 4.2.35 or Apache HTTP Server 2.0.45
Sun Solaris (using WebLogic)
Client tier
Operating systems
- Sun Solaris 10
Required software
- Microsoft Internet Explorer 6.0 or later
- Microsoft Excel 2000 or later (for SAS Add-In for Microsoft Office)
- Microsoft .NET framework 1.1 (for SAS Add-In for Microsoft Office)
- JRE: 1.4.2_09 (Sun)
Mid, consolidation and data tiers
The following list describes supported platforms for SAS Financial Management and SAS Information Delivery Portal.
Operating systems
- Sun Solaris 10
Database server
- MySQL 5.0.22
Required software
- J2SDK: 1.4.2_05 (Sun)
- BEA WebLogic 8.1 SP6
- Xythos WebFile Sever (WFS) 4.2.35 or Apache HTTP Server 2.0.45
Note: Xythos is not used on the consolidation tier.
Please 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.
