| | | | | | | | | | | | | | | | | | | Legend: | | requirement |
| | Financial Systems Revamp Project | | | | | | | | | | | | | | | | | | | function |
| | | | | | | | | | | | | | | | | | | | | features |
| | | | | | | | | | | | | | | | | | | | | deliverable |
| | Achieve Business Growth | | | | Reduce excess manual labor in F&A | | | | | Reduce IT costs related to legacy systems | | | | Meet audit requirements |
| Increased visibility of financial performance and management reports | | ---- | | | Automation in the General Ledger | | | | | Legacy systems retirement | | | | Compliance |
| | Increased reporting capabilities | | | | Mapping data from source systems to global General Ledger | | | | | Data migration from legacy systems to data wharehouse | | ------ | | Alignment to SOX Compliance rules |
| | Daily data feeds to the General Ledger | | | | Automated journal posting | | | | | Source Systems phased out | | | | Adherence to external audit rules |
| | Data Governance and approval process for users and managers | | | | Auto-generating reports | | | | | Legacy system users trained on new system or severed out of the organization | | | | Aligned with global tax requirements |
| | Oracle R12 reports installed | | | | Mapping data set and automating application implementation | | | | | New Oracle R12 with all data and capabilities of retired legacy systems | | | | Data Governance and cross validation rules aligned to legislation and other regulatory demands |
| Scalability | | ---- |
| | Chart of accounts allows for adding / changing segments and accounts |
| | Smart numbering facilitates the reporting by ranges and grouping of accounts |
| | Global definition of segments and global numbering of accounts and descriptions |
| | New Chart of accounts implemented |
| Users able and wlling to use new system | | ---- |
| | Training |
| | Change Management |
| | Organizational readiness |
| | Change Management, communications and training plan and execution |
karthik.mr330
RBSSample3-FinancialSystemsupgrade.xlsx
