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3.1.3
Zurich, Yokohama, Xanadu
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
- Chargeback > Planning & Forecasting Grid
- Fixes an issue resulting in the grid instance not loading correctly
- Resource Coins & Assembly
- Fixes an issue, not updating the duration of assemblies in accordance with resource coin duration. Shortening the Resource Coin now results in Assemblies being shortened, when the assembly duration is outside of the new Resource Coin duration. Please note that this only applies to live data.
- Fixes an issue, resulting in not deleting assembly amounts when deleting an assembly record, which resulted in orphaned records
- Other changes
- Introduces sfinx Workspace views for the following tables, fixing an issue with quick edit not being available in the sfinx Workspace for recors of listed tables:
- Coin Consumption
- Coin Link
- Coin Link Details
- Coin Link Control
- Consumption Snapshot
- Actual Consumption
- Fixes an issue in the LIST section of the sfinx Workspace: Service Coin > Service Cost list was present twice instead of the Service Coin > Chargeback list.
- Introduces sfinx Workspace views for the following tables, fixing an issue with quick edit not being available in the sfinx Workspace for recors of listed tables:
- Fiscal Calendar (com.snc.fiscal_calendar)
- FX Currency (com.glide.currency2)