6.2.1. Budgeting and Forecasting
- Definition: Allocate funds to meet future and current financial strategy goals
- Example: Activities covered in this function can include: perform variance analysis against forecasts and budgets, prepare periodic financial forecasts
- Synonym: Budgeting, Forecasting, Planning
- Cloud service: Commissioner_BI_Accelerator, Planning_and_Budgeting_Cloud_Service
6.2.2. Business Performance Reporting
- Definition: Report the organization's financial stsatus for its stakeholders
- Example: Activities covered in this function can include: Prepare consolidated financial statements,
Produce quarterly/annual filings and shareholder reports, Produce regulatory reports
- Synonym: financial reporting
- Cloud service: Financial_Consolidation_and_Close_Cloud_Service
6.2.3. Manage Products And Service Master Data
- Definition: The process of writing, checking, storing all relating data to the products/ services
- Example: Relating data to the products/ services can be: Date of production, expiary date, etc.
- Synonym: meta data
- Cloud service: Opus_Case_Management_System, Agilisys_Revenue_Collection_ARC
6.2.4. Manage International Funds
- Definition:Manage cash from international operating business units
- Example: Activities covered in this function can include: Manage transactions, Monitor currency exposure/hedge currency, Monitor international rates
- Synonym:international funds consilidation
- Cloud service: none
6.2.5. Plan Taxes
- Definition: Set target for tax liabilities and assess tax impacts for various activities
- Example: Activities included in this process can be: Consolidate and optimize total tax plan, Maintain tax master data
- Synonym: Manage tax
- Cloud service: none
6.2.6. Conduct Internal Audit
- Definition: Administer internal audit, manage internal auditing procedures, results and reports, etc.
- Example: Activites included in this process can be: Establish board of directors and audit committee, Operate compliance function
- Synonym: internal audit
- Cloud service: none
6.2.7. Conduct Government Compliance
- Definition: Conduct controls and compliance according to laws and regulations, report back to government's body of concern
- Example: Activities covered in this function can include: Report internal audit results to government auditors, etc
- Synonym: compliance
- Cloud service: none
6.2.8. Conduct Tax Regulatory
- Definition: The process of interpreting tax codes according to regulation.
- Example: Fixed-asset taxes, profit taxes, etc.
- Synonym: Tax Compliance
- Cloud service: none