SAS^® Financial Management

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

Overview
Benefits
Features
Screenshots
System Requirements

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.

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

Read full story

Screenshot

Use a customizable Web client to publish financial reports.

View Screenshot

More Screenshots

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

Use a customizable Web client to publish financial reports.

Use a customizable Web client to publish financial reports, monitor budgets and plans, manage workflows for data submissions, and monitor KPIs.

View Screenshot

Financial analysts can post reports to a central, Web repository and connect them to KPIs.

View Screenshot

System Requirements

SAS Financial Management includes a rich client and a Microsoft Excel add-in on the client tier, and a Web application on the middle tier. A Web browser may be used on the client tier to view the Web application. SAS 9.2 servers run on the data tier to provide metadata, data and compute services. By default, the middle and consolidation tiers are installed on the same machine. For sites using the planning functionality, we recommend that the middle and consolidation tiers be installed on separate physical servers.