37
3.0.0
Yokohama, Xanadu, Washington DC, Vancouver
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
- Supplier: 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
Supplier 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 Capability
- 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
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Improvements to Reports and Workspace Capabilities
Enhanced reporting features and expanded workspace functionality for a more intuitive and powerful user experience. -
Enhanced Role and Access Management
Refined the role and access control model to simplify configuration, improve maintainability, and strengthen governance and transparency. -
New Planning and Forecasting Features
Added new tables, workflows, and roles to support comprehensive consumption planning, forecasting, and reporting. -
New Chargeback Capability
Launched a new suite of workspace reports under the Chargeback Reports category, offering summarized views for better cost tracking and accountability. -
Consumption Management Foundation
Introduced a new consumption-focused dimension to the existing sfinx application, enabling deeper insights and planning capabilities. -
Bug Fixes and Performance Enhancements
Addressed various bugs and implemented performance improvements to ensure a smoother and more reliable user experience.
- Fiscal Calendar (com.snc.fiscal_calendar)
- FX Currency (com.glide.currency2)