This chapter contains the following topics:
Section 1.1, "JD Edwards EnterpriseOne Financial Management and Compliance Console Overview"
Section 1.2, "JD Edwards EnterpriseOne Financial Management and Compliance Console Integrations"
Section 1.3, "JD Edwards EnterpriseOne Financial Management and Compliance Console Implementation"
The Financial Management and Compliance Console (FMCC) provides customers with a set of blended analytic components. The blend covers high-level analytics in addition to daily metrics, which highlight actions to be taken by management. The different metric groupings are categorized by typical job roles within an organization. Executives need to see metrics that show the overall performance of the organization, including financial trending data, key performance indicators (KPIs), and organizational compliance. Financial managers work with different performance objectives and, therefore, need to review daily performance in addition to tactical alerts that require action. The console equips an organization with the data to make high-level management decisions that can reduce costs, maximize productivity, analyze risk factors, analyze payment trends, maximize profitability, and maintain high-quality standards.
A consistent, comprehensive, and timely view of the performance metrics saves both time and money. JD Edwards EnterpriseOne FMCC provides metrics that are pertinent to a variety of roles within organizations, including customer, supplier, operations, and financial managers. The metrics use existing data within JD Edwards EnterpriseOne to provide visibility to the information and enable analysis and evaluation of the information. FMCC includes 42 financial metrics and compliance alerts. JD Edwards EnterpriseOne FMCC supplies metrics across the key areas that define the financial performance of companies:
Accounts Payable
Accounts Receivable
Activity Ratios
Cash Flow
Leverage Ratios
Liquidity Ratios
Profit (actual versus planned)
Profitability Management
Profitability Ratios
Revenue Trends
Corporate Governance
Each of these key areas includes a number of metrics for analyzing business performance.
Note: This implementation guide uses a generic set of metric groups based on the key areas. Each metric is included in one of the key area groups. Metric groups are user-defined; the groups in this implementation guide are for example purposes only. |
The JD Edwards EnterpriseOne FMCC system provides 42 different metrics, six compliance alerts, and a segregation of duties system to help analyze financial performance.
These tables list the metrics in each key area, the type of default display for each metric, and if goals are allowed:
The JD Edwards EnterpriseOne FMCC system integrates with these JD Edwards EnterpriseOne systems from Oracle:
JD Edwards EnterpriseOne Accounts Payable
JD Edwards EnterpriseOne Accounts Receivable
JD Edwards EnterpriseOne Advanced Cost Accounting.
JD Edwards EnterpriseOne General Accounting
JD Edwards EnterpriseOne Sales Order Management
Accurate and timely information in these systems is critical to the success of the JD Edwards EnterpriseOne FMCC system.
JD Edwards EnterpriseOne FMCC integrates with JD Edwards EnterpriseOne Accounts Payable to determine the number and amount of open and paid vouchers, discounts taken and lost, and the number and amount of vouchers paid late. The system also uses accounts payable information to calculate financial ratios such as Debt to Total Assets and Quick Acid Test.
JD Edwards EnterpriseOne FMCC integrates with JD Edwards EnterpriseOne Accounts Receivable to determine the number and amount of open and paid invoices, earned and unearned discounts taken, delinquency and chargeback information, and days sales outstanding (DSO). The system also uses account receivable information to calculate financial ratios such as Return on Total Assets and After Tax Profit on Sales.
The JD Edwards EnterpriseOne FMCC system uses data from the JD Edwards EnterpriseOne Advanced Cost Accounting (ACA) to determine Most Profitable Customers, Most Profitable Brands, and Most Profitable Products metrics. The JD Edwards EnterpriseOne ACA system enables you to determine the indirect costs of business.
JD Edwards EnterpriseOne FMCC integrates with JD Edwards EnterpriseOne General Accounting to gather the base data for metrics. The system loads the data from the account balances into the JD Edwards EnterpriseOne FMCC tables to use for calculating the financial ratio performance metrics. Additionally, using the Cash Forecasting applications, the system can display cash flow information.
JD Edwards EnterpriseOne FMCC integrates with JD Edwards EnterpriseOne Sales Order Management to gather the base data for metrics. The system loads the data from the sales order tables into the JD Edwards EnterpriseOne FMCC tables to use for metric tracking. The system uses sales order information to determine current and projected revenue trends.
Implementation tasks are common to all consoles in the JD Edwards EnterpriseOne Console system. The steps to implement the system are documented in the JD Edwards EnterpriseOne Console Fundamentals Implementation Guide.