Chief Financial Officer

The Chief Financial Officer workspace is used by a CFO to receive timely updates on the financial performance of the company. The workspace provides a comprehensive overview of key financial metrics and reports for the selected year and month.
Note: You must specify these data in the Filter section to view the data in the workspace:
  • Group Company: You can select a group company from the list. By default, the first group company is selected. The Group Company field must defined in the Financial Company Parameters (tfgld0503m000) session
  • Taxonomy Version: You can select a taxonomy from the list of taxonomies for the selected group company. The supported five predefined taxonomies are GAAP, HGBCSM, HGBTCA, IFRSCSM and IFRSTCA. You must import, map and release at least one of these taxonomies in the Taxonomies (tfgld1170m000) session.
    Note: You can only view the list of active taxonomies. By default, the first taxonomy is selected for the first Group Company.
  • Cashflow Taxonomy Version: Select a cashflow taxonomy from the list of taxonomies for the selected group company. The supported five predefined cashflow taxonomies are GAAPCF, HGBCSMCF, HGBTCACF, IFRSCSMCF and IFRSTCACF. You must import, map and release at least one of these cashflow taxonomies in the Taxonomies (tfgld1170m000) session.
    Note: You can only view the list of active taxonomies. By default, the first taxonomy is selected for the first Group Company.
  • Date: The KPI's displays the data for the selected fiscal period as well as all prior fiscal periods within the same year. The Reports displays the data for the selected fiscal period and the previous 11 fiscal periods.
    Note: By default, the Current Date is selected.

The CFO can use these widgets to view the required data:

  • Objectives and Key Results
  • Margin & Cost
  • Operating & Cash Management
  • Process Efficiency & Investments
  • Cash Conversion Cycle
  • Cash Flow
  • Revenue vs. Costs
  • Working Capital

You can configure the workspace by configuring the queries. To view the Configure option, you must duplicate the workspace. The copied workspace is displayed is displayed wherein you can click Ellipses in a widget and select the Configure option. A window is displayed for the selected widget. You can select the Properties icon and make the changes in the Query field using the Edit option.

Targets for the selected year are updated based on the specified filter data. You can update these targets for a year and group company by using the Target option. These targets are saved in Data Lake. The default values for each target:

  • Operating Margin: 10%
  • Revenue Growth: 5%
  • Cash Flow Margin: 20%
  • EBITDA: 20%
  • COGS: 40%
  • Gross Margin: 40%
  • OPEX: 30%
  • Cash Cycle: 50 days
  • DSO: 45 days
  • DPO: 45 days
  • DIO: 50 days
  • Time to close: 10 days
  • AP Invoice automation: 90%
  • ROCE: 20%
  • Debt to equity: 1