The Financial Statements Generator is an out of the box application that connects the P&L to balance sheet and cash flow statements.
Function
- Finance
Industry
- Telecom, Media & Communication, Consumer Products, Retail, Travel & Entertainment, Energy & Resources, Technology & Software, Life Sciences & Healthcare, Manufacturing, Government & Education
Simply load the actual trial balance from the general ledger and planned values from your planning system into the Anaplan datahub, then map accounts lines in the P&L, balance sheet and cash flow statements. The model provides optimal design for connecting these 3 financial statements, forming key output to any management reporting pack. Deploy this at any stage of your Anaplan journey, be it at the start, or further along your connected planning roadmap. Adopting this solution from the beginning accelerates time to value, offering 75% cost saving compaared to building your own. With management reporting taken care off, your team can focus on planning and analysis having delivered this quick win. On the other hand, if you already have your income statement in place, it’s possible to connect this to the balance sheet and cash flow statements in just 3 short steps.
- Financial Statements: Populate a set of standard financial statements built on recognised accounting formats.
- Automated data transfer: By automating data transfer from you accounting systems into the Anaplan platform eliminates risk of errors.
- Mapping and schedules: Apply mapping and schedules to point general ledger accounts, or planning lines, to lines on your financial statements.
- Configuration: Out of the box add-in that is quickly and easily configured to deliver financial statements without the time and resources required for a bespoke development.
- Traceability and Auditability: All data can be traced back to source data. The application of schedules means that it is easy for viewers to access and read how data is calculated, taking into account factors such as depreciation, and foreign exchange rates.
- Currency: Multiple foreign exchange rates can be introduced and applied to each legal entity and converted to a common currency in financial statements. Multiple options can be applied for each currency, such as average and end of month.
- Schedules: All the schedules you would expect to perform standard calculations are included such as Working Capital, Capex & Depreciation, Financing, Variance Reporting and Management Reporting Suite.