HFM Process

Financial Management is a powerful application that enables you to manage

enterprise financial information quickly and cost effectively. You follow a typical

task flow for a monthly financial cycle.

1). Load and add data To add data to your application by loading it from a file

and by using data forms.

2). Calculate After enter data, you can run calculation rules to populate calculated accounts.

3). Adjust data after you calculate data, you can adjust the data by using journals that provide an audit trail of your adjustments.

4). Translate and consolidate data. After data for individual business units is entered and adjusted, you can translate and consolidate the data.

5). Approve data after data is consolidated, you can submit the data for review and approval.

6). Lock data after you receive the approval for the submitted data, you can lock the data to prevent further modifications.

7). Run and publish financial reports. You can run reports against the approved data.