40
3.2.4
Zurich, Yokohama, Xanadu
Standalone Application
The IT Financial Management (ITFM) application sfinx empowers organizations with an integrated, rolling, multi-year financial planning approach. It supports adaptive control and optimization of global IT operations across key control dimensions, including financials, labour, services and projects, procurement and consumption.
sfinx is built on a unique and proven approach to IT Financial Management, structured around four foundational pillars:
- Integrated Planning: Connected strategic, financial, and operational planning across all relevant dimensions.
- Collaboration: Fosters transparency, accountability, and active stakeholder engagement through a unified, shared view on all key dimensions.
- Standardized Processes: Establishes aligned financial management processes with clearly defined roles and responsibilities.
- Ready-to-Use Structures: Provides a preconfigured resource and service catalogue fully integrated into financial workflows.
sfinx is build on a comprehensive set of IT Financial Management capabilities:
- Finance: Easily manage plan, forecasts and actuals in a consistent and transparent manner
- Vendor: Gain control over cash outflows with rich contextual insights.
- Workforce: Manage internal FTE with the relevant contextual information
- Service Cost: Control Service TCO with along the entire service model
- Chargeback: Efficiently manage the chargeback of IT services to the business
Finance Capability
1.Direct Cost Planning
- Bottom-Up Financial Planning: Create multi-year financial plans (OpEx and CapEx) based on planning items, with direct links to suppliers and purchase orders.
- Controlling & Analysis: Gain full visibility into direct costs by detailed insights per multi-year planning item in original currency, including monthly phasing.
- Rolling Forecast Management: Automatically update monthly phasing based on actual postings.
- Service Assembly: Allocate expenses to services and/or projects, enabling transparent cost attribution and service-based budgeting.
- Management Reporting: Insightful reports, including side-by-side comparisons of financial versions for variance analysis.
- Financial Analysis: Perform deep-dive financial analysis to uncover trends, risks, and opportunities.
- Plan & Forecast Submission: Streamline the financial submission with sign-off workflows.
2.Process Management Features
- Financial Version Management: Persist financial versions (snapshots) to support easy comparison and tracking.
- Financial Period Close Calendar: Automatic trigger financial period closures for updating the monthly phasing based on actual postings
Vendor Capability
- Vendor & Contract Planning: Plan and manage planning objects with vendor relationships and/or contracts.
- Controlling & Analysis: Monitor and analyze vendor, and purchase order (PO) performance to ensure cost-effectiveness and compliance.
Workforce Management
- Employee-to-Service Allocation: Use staff information to allocate internal costs to services, enabling accurate service costing and performance tracking.
Service Cost
- Service & Catalogue Management: Define and manage your service portfolio with a ready-to-use service catalogue structure.
- Cost Distribution & Overhead Allocation: Distribute service costs, including overheads, based on manual inputs or quantity-based drivers.
- Service Integration: Connect services to ServiceNow objects, such as service offerings and application services, for seamless alignment and embedding with your ServiceNow ecosystem.
- Costing Execution: Run service costing processes to calculate the Service Total Cost of Ownership (TCO).
- Reporting & Analysis: Compare service costing runs to highlight deviations, identify trends, and uncover opportunities for optimization.
Service Cost Chargeback
- Consumption Planning: Planning of service consumption across provider-consumer combinations to ensure transparency in planned cost.
- Consumption Forecasting: Measure actual consumption by each consumer and regularly reviewed against planned consumption to identify deviations
- Consumption Analysis: Detailed consumption and cost reports to ensure full transparency
Bugfixes:
Finance:
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In the Finance Workspace, using the Add to Snapshot capability no longer shows all organizational units, but only those, who the current user has access to, and that are relevant for the sfinx application based on configuration.
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In the sfinx Workspace > List view, the lists for General Ledger Entry have been updated to no longer show records whiche are not marked as Out-of-scope
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Fixed a problem in the sfinx Workspace > Finance > Planning & Forecasting displayed grid, which could include Resource Coin outside of the sown duration.
- Fixed an issue, where the sfinx Workspace > Finance > Planning & Forecasting displayed grid was not loading correctly fore some users
Consumption:
- Fixed an issue on calculation of carryover values if the previous month had no value for the actual consumption
- Fixed an issue where the sfinx Workspace > Chargeback > Planning & Forecasting Grid updating values was not clearing the carryover value in the consumption records.
General:
- Performance Improvements
- Fiscal Calendar (com.snc.fiscal_calendar)
- FX Currency (com.glide.currency2)