There is always a challenge to close the accounting books quickly & publish the statutory balance sheets with profit and loss accounts statement or for that matter internal financial MIS for monthly quarterly or yearly. There are various challenges when there are group of companies, local subsidiaries, international subsidiaries, branches, strategic business units, sister concerns, joint ventures, merger, acquisitions, investment companies, SPV’s etc. data to be consolidated in single financial report. CFO team is always under pressure to publish quarterly, half yearly and yearly statements based on Indian GAAP or US GAAP or IFRS or any other formats of publishing data. There are challenges to map and consolidate data from multiple entities, multiple accounting period and multiple currencies. Finance team lead by CFO works days and weeks on multiple spreadsheets to arrive a final statement. While doing this exercise finance team faces several challenges. Technology can also be a barrier to close books faster. Companies that use desktop spreadsheets to manage their accounting, closing takes about 25% longer to get it done. If the company is still busy closing its books, it can and should do better. We help companies CLOSE YOUR BOOKS FASTER WITH ACCURACY AND EXTENSIVE ANALYTICS. 1KEY Financial Consolidation software is a complete data warehouse model with standard statutory reporting requirements for publishing financial statements and with extensive analytical reports. It provides financial managers the ability to rapidly close and report financial results, meet global regulatory requirements, reduce compliance costs and provide confidence in the numbers. Accelerate closing cycle and improve the quality of data – remove the pain of consolidation of financial management & reporting cycle. Organizations that are able to close their books quickly & deliver faster & more accurate information can gain a competitive advantage in a rapidly changing market. Provide financial managers the ability to rapidly close & report financial results, meet global regulatory requirements, reduce compliance costs with trust in numbers. CLOSE BOOKS – Faster | Error Free | with Extensive Analytics is the strategic and exclusive Financial Technologies event that presents the challenges, solutions for Financial Consolidation from industry thought leaders in an interactive knowledge-sharing environment.

1. S & S InfoTech and Software Pvt. Ltd.
Innovative
Technology…
…Smart Solutions!
www.ssisindia.com

2. S S I S Profile
• Established in 2002
• 80+ Fulltime competent, committed IT
Professionals
• Exposure to diverse range of technologies

3. Strategic Partners

4. SSIS’s Strengths
• On Time Deliveries
• Quick Ramp Up
• Significant Cost Advantages
• Shortened Development Cycles
• Access To Diversified Pool of Skilled Professionals
• Direct interaction of Client and Developers
• Proven Best Practices & Methodologies in place
• Online tracking of development schedule
• Quality is given topmost importance
• Internal Trainings

5. Core Competency
• 1KEY Business Intelligence (BI)
– MAIA Intelligence Products
• Development
– Product and Application Development
– Application Maintenance Services
– Software Development Kit (SDK)
• Infrastructure Management
– Server Management
– DBA Activities
• Project Management
– Planning and scheduling
– Implementation

6. Business Intelligence Practice
• Business Intelligence Strategy
• Data Warehouse/Mart requirements
gathering, design and consolidation
• Data Integration (from multiple systems and
sources for unified view)
• Meta-Data gathering
• Customer Analytics
• Executive Dashboards

7. Our BI services
• Analyze current data systems, develop data governance
strategies and determine key business performance
measurements
• Integrate data from disparate systems and platforms into an
enterprise-wide data warehouse and departmental data
marts to ensure consistency and accuracy
• Measure and monitor performance with KPIs and dashboards
that track key business metrics
• Report and analyze data to gain context, understand trends
and spot anomalies that impact your business
• Plan, budget and forecast with historical, current and future
view of your business operations

8. Our solutions include
• Report Delivery Centers that combine business
intelligence techniques
• Data Integration Services to ensure that decision-
makers have access to timely, accurate and
comprehensive information
• Reporting Tool Migration services to reduce the cost
of operating BI solutions and enable the use of the
most functional, up-to-date tools
• Ultra-Large Database design and implementation to
meet the data needs of the most demanding
business processes

9. Centre of Excellence

10. Questions ???
Questions ??
What is our
How much do Actual Vs Budget Which products,
key business on cost? customers or channels
processes
are profitable?
cost?
What is the
impact of selling What factors
more through a drive retention of
specific my best
employees?
distribution
channel?
How to improve
our inventory
management?
What are the top
Where are my most profitable performing
customer segment? product lines?

11. Important Decisions based on “Gut-Feel”
Decisions based on‘Gut Feel’
Business users need....
 Knowledge of the current business
status and future trends
 Awareness of changes that will
affect business performance
 Make key decisions with the most
recent and accurate information
Without trusted business intelligence, decisions are based on “Gut-Feel!”

12. IT Challenges
– Reporting/BI from ERP system usually confine to ERP environment
– Multiple Data Sources

13. BI Across Different Lines of Business
BI – Across Lines of Business

14. End Deliverables
Decision making at
Meaningful & Provide an early-
all levels
Actionable warning system with
strategic, tactical &
Information KPI
operational
Create Compelling
1KEY BI will be used
Connect Users with user experience that
in all the meetings
Information requires very little
and presentations
training
Deliver reports
Increase business anytime anywhere Know what should
users productivity in any format users have been known
need
Enable Creative
Move out of Excel Investigate issues to
thinking with data
Culture understand why
analysis

15. BI Strategic Planning
Confidence in Your Costs, Architecture and Plan
• Best Practice Assessments
• Comprehensive Project Scoping & Estimating
• Current State Assessments
• Strategic Implementation Plans
• Business Case/ROI Analysis
• Business Impact Analysis
• Value Realization

16. Data Warehousing & Data Integration
Confidence in Your Data
• Complex Data Integration
• ETL Design and Build
• Data Analysis
• Data Quality Architecture
• Enterprise Data Warehouse Design and
Development
• Data Mart Design and Development
• Managed Metadata across Platforms

17. Enterprise Business Intelligence
Confidence in Your Decisions and Direction
• Integrated Information across Lines of
Business
• Data Aggregation and Drill down Reports
• Operational Reporting
• Executive Dashboards
• Key Performance Indicators

18. BI & DW Center of Excellence
Confidence in Your Solution
• Comprehensive BI/DW Methodology
• Online Knowledgebase of Best
Practices, Templates, Sample Deliverables
• COE Forums For Knowledge Sharing
• Quality Audits Conducted by Sr. BI Practice
Leaders
• Creation of Client COEs

19. Information Management
Confidence in Your Information
• Data Governance/Stewardship
• Data Architecture
• Master Data Management (MDM)
• Information Continuity

20. Today’s Agenda
• Financial Consolidation Challenges
– CA Ashwin Dedhia, Director - Solutions, MAIA
Intelligence
• Technical Framework of 1KEY
– Vikram Kole, Head – Marketing, MAIA Intelligence
• Financial Consolidation Management with 1KEY
FCM
– CA Ashwin Dedhia, Director – Solutions, MAIA
Intelligence
• Q&A

21. surya@ssisindia.com
S & S INFOTECH AND SOFTWARE
PVT. LTD.

22. CA Ashwin Dedhia, Director – Solutions
MAIA Intelligence

23. Balance Sheet Consolidation
Interaction Schedule
• Financial Reporting Overview
• Business Issues & Challenges
• 1KEY FCM - Solution Capabilities
• Implementation Experience
• Case Studies

24. Financial Reporting
Last Decade Current Decade Expectations Today
• 12 to 18 months statements • Yearly & Quarterly Statements • Yearly, Quarterly & Monthly
were made and closed in few were made and closed in few Statements are required to be
quarters after the end of period months after the end of period closed in weeks & days
• Consolidated Statements were • Consolidated Statements • Consolidated Statements
not Mandatory became Mandatory (AS-21) required by LAW and also
Management
Time Horizon

25. Business Issues
“It’s difficult to generate
comprehensive reports “It’s difficult to modify existing software so
without technical assistance” users are able to see only the reports that
are important and relevant to their jobs”
“ We wish to share information with
external parties such as
“Business users are drawing incorrect Investors, Management and other Stake
conclusions and missing opportunities due Holders on time”
to lack of timely information”

26. Traditional FCM Challenges - Using Excel
• Little Centralized Control
• Poor Data Integrity
• Unmanageable consolidation mechanics
• Little facility to view data across different
dimensions
• Challenge to react and reflect to changes
• Inflexible reporting - Non dynamic statements
• Rigid templates for each user involved
• High Risk Change Management

27. Do You need FCM Application ?
• As an organization grows, so does the difficulty of its
financial consolidation and reporting challenge.
• Organizations have to deal with
– multiple currencies, geographies
– various accounting standards
– Changing reporting requirements
– Compliance Regulations.
– Integration of new business units into the reporting chain.
• Through all of this, the organization must balance the
need for precise financial reporting and corporate
governance with the need for timeliness in meeting
reporting deadlines

28. 1KEY FCM – Solution
Accounting Data Quality
Multiple Currencies
Multiple COA Mapping
Intercompany Elimination
Merger & Acquisition
Group Reporting Scenarios
Single Method Prevails

29. 1KEY FCM – Addressable Questions
• How do the balance sheets of different subsidiaries compare?
• What is the variance of assets, liabilities, etc. between two selected time
periods?
• What is the Net Working Capital of the company?
• Which business unit caused cash drain in a particular period?
• What is the leverage and liquidity of the company?
• What is the profit margin of each business unit and/or geographic region?
• How have margins changed month-to-month over the past year?
• Which business units are hitting their margin targets?
• Which business units are more than 10% above/below their contribution
targets?
• Which units or regions are over budget by more than 5%?
• Are there trends underlying any revenue or expense that need immediate
attention?

30. STAKE Holders
• Mainly Performance Driven with its FOCUS on TOP
Business
Line, Bottom line, Growth %age, etc.
• Mainly Structure driven where Security takes over the
Technology
Flexibility and mapping with Business Need.
• Mainly Procedure driven where Submission of Information
in particular formats is focused, often requiring disruption
Statutory
Compliance of current processes

31. Business
• Stake Holders / Report Users
– Management
– Government
– Banking & Finance
– Auditors
– Investors
– Industry

32. Technology
– Multiple Data Input Sources
– Application Spread across Geographies
– Multiple Applications for Processes
– Challenge to manage out of the process
information
Heavy Dependency on most FLEXIBLE tool
EXCEL

33. Statutory & Compliance
• Accounting Standards Applicable
• Compliance / Statutory Reporting Formats
– Schedule VI of Companies Act
– US GAAP
– SEBI Reporting
– IFRS Reporting
– Reporting for Other Authorities
– Industry Norms & Regulations

34. Accounting Standards
AS 13 – Accounting for Investments
•This Statement deals with accounting for investments in the financial statements of enterprises and related disclosure requirements.
AS 14 – Accounting for Amalgamations
•This statement deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. This statement is
directed principally to companies although some of its requirements also apply to financial statements of other enterprises
AS 18 – Related Party Disclosures
•The objective of this Statement is to establish requirements for disclosure of:
•(a) related party relationships; and
•(b) transactions between a reporting enterprise and its related parties.
AS 21 – Consolidated Financial Statements
•The objective of this Statement is to lay down principles and procedures for preparation and presentation of consolidated financial
statements.
AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements
•The objective of this Statement is to set out principles and procedures for recognizing, in the consolidated financial statements, the
effects of the investments in associates on the financial position and operating results of a group.
AS 27 – Financial Reporting of Interests in Joint Ventures
•The objective of this Statement is to set out principles and procedures for accounting for interests in joint ventures and reporting of joint
venture assets, liabilities, income and expenses in the financial statements of ventures and investors.

35. Why MAIA – 1KEY FCM
Faster response time • Niche we are, hence faster we
to customer needs. move
We are proud to have
you as a customer
• We offer sincere personal attention
Can send the experts • Our clients see us as a specialist
at affordable cost despite our size
• Customers know that they can get
Small is the new big
in touch easily with us. Trust people

36. Offerings
• Statutory Compliance Reports
Designing • Analytical Reports – Cubes, Views, Charts
• TOP Management Review – Dashboards & KPI’s
• Directors & Key Management
Training • Functional Heads
• Managers & Executives
• Role Based Hierarchical Security
Implementation • Functional Expertise with Sharing best practices
• Requirement Gathering & Solution Delivery

37. 1KEY – A Success Story
• Fastest growing BI crossing over 9000+ user base
• India success story in Gartner Research & official
Microsoft Case Study
• Winner of most trusted IT vendor in BI category by CTO
Forum survey of over 200+ IT Heads
• Recommended by Government of India National
Informatics Centre (NIC) for National Award
• Only BI Vendor in India to cross 1000+ users on web
single site deployment.
• Used by software companies like FT, Nelito, Kale
Consultants .
• Price leadership with simple server based licensing
unlimited users. India price advantage with better
quality engineered software product.
• Thought leader in BI space - radical change in
deployment time. Solution ready in day and weeks from
traditional month to years.

38. Add transparency to financial
reporting
Fulfill statutory & managerial
requirements through innovative
solutions

39. Technology Framework
Details Shared by
Vikram Kole - Head Marketing

40. 1KEY Technical
MAIA Framework Overview
Intelligence

41. Architecture of 1KEY Agile

42. 1KEY FCM data flow
- Mapping of Ledger
PROCESS Reporting
Codes with
of the
TRIAL BALANCE Predefined Schedule
Data
Location 1 VI Structures
- Additional Journal
1KEY for
Entries
Analytics
TRIAL BALANCE - Currency Details
Location 2 etc.
Excel for
Conversion
of multiple Further
TBs into processing
TRIAL BALANCE
1KEYFCM
Location 3 Processing
Warehous Static
e * Consolidated TB
Reporter
*
for
P&L, B/S, Schedul
TRIAL BALANCE Formatted
Location ‘n’ es
Printing
* Ratio Analysis
* Special Reports

43. 1KEY FCM Flow

45. 1KEY BI – Enterprise wide
Strategic
Tactical
Operational

46. Get the right direction instantly
VIEW has been engineered to fully
address the reporting requirements
of your organization helping you to
compete and win in the Drill down
to lowest
marketplace without much effort or level
compromise.
It provides runtime
analysis, grouping, column Save
customizations with Parent-Child hours
Relationships, Drill Down and Drill daily
Back functionalities with a
Keeps you
extremely intuitive report
always moving
formatting for Business users. ahead

47. Take Intelligent Decision
CUBE is a comprehensive data
analysis, data mining, and multi-
dimensional visual reporting solution.
With its powerful data
Do it
architecture, CUBE is able to slice and Trend are
yourself
dice information efficiently and provide like friends
users with an extremely intuitive reporting
experience. Regardless of the
perspective, data can be rendered to
answer business questions - and best of
all - it allows business users to focus on Centralized Gives
business rules rather than creating Information Competitive
dozens and dozens of reports. for growth Edge

48. Create Impact with business data
CHART is a graphical representation
and visual reporting which represents
business performance via stunning
and meaningful diagrams. It helps to
Identify
drive organizational achievements by Emerging
Trends
giving information in a much Spot
Opportunities
consolidated and easy to understand
manner.
Track & Point
Issues
Runtime user definable drill down &
drill back functionality available
direct from the charts. Customer
segmentation, forecasting, trend Powerful Insights
analysis, etc. all made easy

49. Always on and always updating
Works in background
SCHEDULER enables users to On Time MIS
schedule the reports as per the
recurrence pattern in the variety
of formats like Constantly Communicating
PDF, TXT, XLS, HTML, MHT and
RTF to be stored on hard disk, to
be emailed to respective business Flexible Schedules
users, or to FTP. It automates the
complete process of reporting
Simple Process
and avoids the cumbersome work
of manually creating and/or
delivering reports to respective
business users on a periodic
basis.

50. Run your company from anywhere
Advanced
Zero Foot Data
Print Visualization
DASHBOARDS, users can Publish Data Deployment Tools
define their own Dashboards Securely
having combination of Real Time
multiple reports like Actionable
Information
View, Gauge, Chart, KPI's, RSS
Web
Feeds etc, on one single Based
screen. Platform
Dashboard is a reporting tool that can be defined as a user interface for organizing and
presenting data in a consolidated manner. Data from multiple sources are integrated and
unified for display on a single platform. This makes the information easy to read and
comprehend, all on the same screen.

51. Key Performance Indicators
S– M- A- R– T– SMART
Specific Measurable Achievable Realistic Timely KPI
KPI are high-level snapshots of a business or organization based on specific predefined
measures. KPIs typically consist of any combination of multiple reports. They may include global
or regional sales figures, personnel stats, real-time supply chain information, or anything else
that is deemed critical to a corporation's success. KPI allows goals to be observed with different
warning colors that will be switched on as defined giving the user a quick view of how well or
how poorly each goal is met. It is the best way to track and represent variances on targets &

52. File Reader
1KEY FILE READER is a utility that
imports data from Text Files, Excel Single &
Files, stores it into 1KEY CUBE or multiple files / User can select
1KEY VIEW for direct reporting sheets selection data range on
at one instance their own
and analytics. are available
1KEY users get the benefits of
another key functionality which
not many reporting tools
software provide as of today. Users can select Users can save
required data layouts and use
column with the same
required format whenever
for analysis required

53. Query Expert
1KEY has dynamic
query engine with Visual Interface to
expression builder design queries
and model creator. It
provides the facility to
use simple graphical
interface to build SQL SQL parsing - enter
the SQL Creation of links with
statements and create statement, and the simple drag & drop
views in a database. It diagram and grid gets functionality
populated
has graphical panes
that displays your SQL
statements visually
and a text pane that
displays the text of
your SQL statement.
You can work in either
Localization - option
the graphical or text of specifying own
Automatic SQL
Statement Generation
panes. parameters

54. Role Based Security
1KEY uses "parametric
control" for controlling
access over business
information which is
available to users for
their reporting needs.
Parameters are mapped
Show only Create
to the user hierarchy of Control
the organization and what you nested
your data
hence the access to the want to parameters
relevant data.
Parameters definition
can be one of the fields
available from the
system or can be user
defined based on the
requirement of the
organizations.

59. MAIA Thank you
vikram@maia-intelligence.com
Intelligence
Corporate Office:
2/319, Millennium Business Park, Sector 1, Mahape, New Mumbai, India – 400 701
Tel: 91-22-66888999 | Fax:91-22-66889000

60. Financial Consolidation Management
Solution from MAIA Intelligence

61. Stand Alone Reporting
Processes
• Budgeting Planning and Forecasting
• Profitability Modeling & Optimization
• Dashboards and KPI Reporting
• Local Statutory & Compliance Reporting
• Management Reporting
Challenges / Pain Areas
• Different ERP Systems or Same ERP with different LOCAL Settings
• Processes not unified
• Lack of Access Control
• Lack of Collaboration
• Use of Individual Tools – Spreadsheets, local Databases
• Lack of Traceability
• No continuity with Holding System

62. Consolidated Reporting
Processes
• Data Collection
• Intercompany Reconciliation
• Consolidation of Data
• Reporting
• Compliance
• Analysis
Challenges / Pain Areas
• Manual Operations
• Lack of Process Workflow
• No Data Visibility for each legal entity
• Challenges in Segment Reporting

63. Broad Process for FC
Analyze & Capture
• Results from the ERP System
Perform
• Final Adjustments
Disclose
• Report Information
Generate
• Financial Statements

64. Ease of Use
User Training Use Interface
Users are expected to remember
Business User needs advanced
the cells and sheets that need to
training on EXCEL, functional
be changed, risk of incidental
aspects and controls
errors is very high
Carefully selected Interface and process
Interface similar to Office
to help the Functional Users
Applications, reduces the user training
needs, and users increase productivity
Easy to Configure and SET to
from 1st day
Organizational Needs

66. User Administration
User Change
Security levels
Management
Change of Person, increases the
No separate data security levels at
time required to do consolidation
the report level
and is prone to risk of errors
Multiple data security levels like
Structures once created can be
Domain level security, user level
reused and reapplied without
security, report level security and
special efforts
data level security

67. User Level
Security for Usage
and Data Access

68. Process Control
Data Changes & Organizational
Update Hierarchy
Data (TB) gets updated during the
consolidation process and Consolidated Data required at
requires lot of verification and Different levels and segments
care for incorporation
Hierarchy can be defined and
Import routine, has the control to
structured with multiple
replace source data without impacting
dimensions, Roll up is easy once the
the Mapped information
data is captured at Lowest Granularity

69. Approval Process

70. Creating
Organizational
Hierarchy
Define Hierarchy :- Definition of organization level , from which TB is to be pulled in
1KEY FCM.

71. Data
Import
Import TB for various Entities of the group.

72. Data Control
Data sanctity across
Data Availability
the enterprise / teams
Since Excel is the presentation layer, data
The report shows data as-of the report
editions / deletions often happen
published time. For real-time data, IT users
knowingly / unknowingly which creates
have to re-run the report and publish it
unfriendly scenes / time loss (for data
again for Business Users
conformance) during team meetings
Refresh Control on the Interface allows
1KEY presentation layers don't allow
Business User to fetch real-time data
UNAUTHORISED
anytime, without IT Team Dependencies,
Addition / Modification / Deletions
saving Critical Time during Consolidation.

73. Controlling
Additional
Masters
Define various ledgers under different companies to pass JV & Adjustment entries.

74. Reporting
Hierarchy &
Behavior
•User can change the order of accounting groups under schedules and
• Define group name for the accounting group , of whose, balance comes in opposite
than their natural characteristics like cr. Bal of Debtors : to be shown in Advance
from debtors under current liabilities.

75. Entry
Types
Define various JV types to categorize JV entries as per their nature.

76. Passing
Entries

77. Comparable Scenario
Scenario Multi Period
Management Comparison
Management expects to have the External Factors lead to having
numbers being compared with comparison with Non-Traditional
multiple scenarios to review flows for better understanding
performance and reading of datasets
Empowers the users to analyze the data in
Multiple Scenarios against Budgets, with or Comparison & Variance Analysis with
without specific entry types, testing the various data Period to provide better
change impacts, without affecting the decision control system
source data and process

78. Budgeting
Enter data and remarks for Budgeting & Planning for various accounting
heads.

79. Multiple
Chart of
Accounts
Define Chart of Accounts :- User can define multiple chart of Accounts for a Single TB
to comply with different statutory and reporting requirements like Schedule VI, IFRS
, XBRL etc.

80. Mapping
GL to CoA
•Mapping of COA for various companies.
•One time activity
•Can be copied from previously mapped company(COA) or previous
period.
•Different COA for the same TB (Company).

81. Mapping
GL to CoA
List of Unmapped Ledgers OR Groups.

82. Mapping
GL to CoA
•List of Mapped Ledgers OR Groups
•Mapping can be changed as per requirement.

83. Elimination & Consolidation
Elimination Consolidation
Intercompany Transactions Each Reporting Group requires
need to be Eliminated at each different Exchange Conversion
Level Rules to be applied
Interface to knock-off individual GL’s
Journal Entries can be passed at Various
created for intercompany
Levels of the Organizational Hierarchy
transactions, or recording Specific
independent of Books of Accounts
Amounts to be Knocked-Off is available

84. Elimination

85. Consolidation

86. Currency Management
Multi Currency Currency Rules
Units in Different countries use
Each Reporting Group requires
different currencies for
different Exchange Conversion
transacting and hence the TB are
Rules to be applied
in LOCAL Currency
Provides Multi Currency Business Rules are definable at
Management and controls Reporting Group Level and
conversion behavior at GROUP Controllable at GL & Transaction
Level Level too.

87. Multi
Currency
Management

88. Applying
Rates
Define exchange rate [Opening, Closing Rate] for Conversion of Final Accounts in
Reporting Currency. ( Average Rate would be calculated automatically).

89. Applying Rates
to Reporting
Groups
Creation of Various Accounting Group for financial reporting & define type of
exchange rate [Opening, Closing, Average] for conversion of PL and BS items.

90. Additional Reports
Cash Flow / Fund
Ratio Analysis
Flow
Various ratios like Capital Adequacy
Preparation of this statements requires
Ratio, Segment Analysis are required for
efforts nearly similar to Balance-Sheet
standalone and with
Consolidation, and are prone to Data
Subsidiaries, Associates, Joint Ventures
Change Risks.
(Consolidated)
FCM has a capability to define new ratios
Information Captured in Balance Sheet
(Users can defining the formula for the same
Consolidation Process is Appended with
through simplified UI) and use the same in
additional information required for this
analytics and reviews. Various ratios for
reports, enabling Faster Availability of reports
different quarters can be developed

91. Ratio
Analysis
•Enter definition of Ratio & remarks.
•Can be copied from previously mapped company or period.

92. Ratio
Analysis

93. Ratio
Analysis

94. Cash
Flow

95. Other
Files
To enter or upload other reports like Working Documents, Director’s report etc.

96. Report Interface
Flexible Format Fix Format
Viewing Reports
Reports are essentially static. For
analysis, users have to either export The formats are vulnerable and gets
to Excel and are able to review only changed by error
in some specific format
Uses analytical presentation layers like
Static Report Designer, empower to
1KEY View, 1KEY Cube, 1KEY
print various formats Statutory or
Chart, 1KEY Dashboard, 1KEY KPI
others based on the Role based
Viewer etc. inbuilt in the 1KEY
Security
application

97. 1KEY BI – Enterprise wide
Strategic
Tactical
Operational

98. Management
Reporting
Slice & Dice Contents

100. Report Management
Reporting Report
Hierarchy Dimensionality
Generate Balance Sheet and Profit &
Report hierarchies cannot be defined; Loss account in Local as well as
hence data management at the Reporting currency at the defined
reporting front is cumbersome translation rate in any denominations
(Actual/Thousands /Lakhs/Millions etc.)
Organization hierarchy is supported at
the report level. i.e.: Report templates Similarly a HO user can access to the
can be the same, but user will be able to whole set of data even being in the
view only data pertinent to his function branch office
/ role in the organization

101. Management
Reporting
Parameterized Reporting

102. Compliance
Reporting
Profit & Loss Columnar Schedule

103. Compliance
Reporting
Profit & Loss Columnar

104. Report Availability
Report generation &
Role-based report rights information
dissemination
Requires lot of manual intervention
Users need to segregate data and make because users have to develop and
it available as different reports for consolidate individual files, run reports
different business users and then share them for use by other
Business Users
Once role-based logins are defined in Query building is a one-time activity
the 1KEY application, data is which requires IT intervention. Business
automatically segregated as per the Users can run / format / templatise their
Business Users role / function own reports

105. Compliance
Reporting
Balance Sheet with Comparison

106. Compliance
Reporting
Balance Sheet Columnar

107. Compliance
Reporting
Balance Sheet Schedule Comparison

108. Fixed
Asset
•Define FA Master for Various Companies.
•Can be Copied from previously mapped companies or periods.

109. Fixed
Asset
•Enter FA Transactions for various companies.
• It will automatically capture op. & cl. Bal. from TB.

110. Compliance
Reporting
Fixed Asset Schedule

111. Report Coordination
Single Report Multiple
Remote Viewing
Data Sources
One gets snapshots of
Requires manual working and
data, and is under risk of latest
prone to errors
file getting missed in review
One time query built-up activity and a
XML based publishing of data for remote
single report can show data from
analytics. The user can use the power of
multiple data-sources which can be
Analytics when not connected to
different RDBMSs as well i.e.:
Network / Internet
SQL, Oracle, DB2, Excel etc.

114. Power Users and TOP Management
Analytical
KPI / Dashboard
Reporting
Highlighting Variances and
Data is at Summary Level only and
providing visual references is a
cannot be segregated for analysis
challenge in Spread-Sheet based
in the same report
Working
Cube creation happens at the High level snapshots are possible
Business User level. Analysis is to be given with ROLE Based
possible on every parameter with access control for Total Business
one-time technical activity Visibility

115. Management
Financial Dashboards Reporting

116. Management
KEY Performance Indicator Reporting
& Hierarchical Reporting

117. Governance & Compliance
Cost of
Audit Trail
Compliance
Repetitive Energy is invested in
regrouping the same data for Current EXCEL process lacks trace of
different compliance and the changes and hence reduces
reviews, leading to increase in Cost confidence on output
and Time
It reduces TIME to CLOSE, provides Exhaustive Audit Trails for the Data
Single Interface for Multiple Capture and Change Cycles provides
Compliance Reporting Structures at greater visibility on the activity and
One Source - Leading to Great Savings enhances confidence in the process

118. IFRS
Readiness

119. IFRS
Readiness

120. Audit Functionality
Filtering, Indexing and Sorting
Duplicate detection
Sequence checking
Gap Detection
Extraction, Stratification
Classification, Aging & Summarize
Field Manipulation & Find

121. Notes to
Accounts
To upload or enter Notes to Accounts.

122. Notes to
Accounts

123. Technology Advantage
Technology
Centralized DW
Platform
Require stand Alone Balance
Use of FILE Based platform is Sheet, Profit & Loss account and
vulnerable in large group working related schedules and notes as
per Regulation.
Uses standard RDBMS retrieval as Branch users would have restricted
well as 1KEY technology & access to the data pertaining to his /
architecture to Extract, Transform & her branch, though connected to
Load data the Central DW

124. Architecture of 1KEY Agile

125. 1KEY FCM data flow
- Mapping of Ledger
PROCESS Reporting
Codes with
of the
TRIAL BALANCE Predefined Schedule
Data
Location 1 VI Structures
- Additional Journal
1KEY for
Entries
Analytics
TRIAL BALANCE - Currency Details
Location 2 etc.
Excel for
Conversion
of multiple Further
TBs into processing
TRIAL BALANCE
1KEYFCM
Location 3 Processing
Warehous Static
e * Consolidated TB
Reporter
*
for
P&L, B/S, Schedul
TRIAL BALANCE Formatted
Location ‘n’ es
Printing
* Ratio Analysis
* Special Reports

126. 1KEY FCM Flow

127. Scalable & Volume Handling
Capability to be scaled to analyze multi-
user, multi-location accounting packages and
should be able to handle large amount of
accounting data

128. Risks / Pitfalls to Watch out for
Successful Implementation
• Kick off meeting involving the stake-holders of
the project
• Clarity of expectations at the early stage of
Project Planning
• Involvement of Internal Team in the process
• Ownership to be shared with Implementation
Partners, they shall be out after 1st Phase of
working
• Regular Review and monitoring of the
Implementation Project jointly with Stakeholders

129. 1KEY Financial Consolidation is a
complete data warehouse model
•• with
Bearing in mind that each group of companies
– standard statutory reporting requirements for
has different information needs, and therefore
publishing financial statements
different data processing
– extensive analytical reports.
requirements, configure solutions based on
– provides ability to rapidly close and report
actual needs to help your team save time and
effort in aresults,
financial
streamlined group reporting
– meet global regulatory requirements, their effort
process: your team can now focus
– reduce compliance costs
on other high priority jobs that add more
– provide confidence in the numbers.
values to the organization.

130. Summary of Steps / Action Points
Lock Period for
Define Apply Currency
Review Results & Changes and just
Organizational Rates & Conversion
Make Changes review reports
Hierarchy Rules
throughout across
Solution for all
Record Elimination Record Multiple
Create User Groups levels
and Consolidation Budgets and
and Assign Rights strategic, tactical &
Entries Analyze variances
operational
Configure Cash Print / Share
Create Multiple Post Trial Balance
Flow, Fund Flow, Standard Reports &
Chart of Account Journals
Ratios, etc. Outputs.
Attach Additional Enable Creative
Import / Re-Import Mapping GL’s to
Inputs – Notes to thinking with data
Trial Balance Reporting Heads
Accounts, etc. analysis

131. Thank You
Always Accessible for you
CA Ashwin Dedhia
Director, MAIA Intelligence
EMAIL : ashwin@maia-intelligence.com
Mobile: +91 9920949292