Elevate Releases Flashcards
Release 1a KPIs focus on what L2 Process?
Plan to Budget
Release 1a KPIs focus on what 2 Value Pools?
Tech Utilization and Efficiency
Release 1a KPIs focus on what L3 Processes?
Develop Investment Plan for Financial Consolidation
Publish Calendar, Process, and Policies
Five Year Planning
Annual Budget
Management Review & Reporting
Budget Adjustments
How will we transition to the cloud for each international area?
by arranging international areas based on key considerations, such as:
number of users
languages
time zones
standardization challenges.
What is the high-level scope for Release 1a?
Global:
- Enterprise and Foundational Cloud Structure
- Budget Consolidations
- US GAAP Reporting (Financial Statements)
What is the high-level scope for Release 1b?
US and Canada:
Budgeting - Long Range Plan
General Ledger Transition
What is the high-level scope for Release 2a?
US and Canada:
Subledger App &Operations
Project Budgeting Transition
What is the current anticipated timeline for Release 1a?
December 2024 to August 2025
When is Release 1b anticipated to start?
April 2025
When is Release 2a supposed to start?
April 2025
What does GAAP stand for, and what is meant by “GAAP reporting”?
GAAP is Generally Accepted Accounting Principles
“GAAP Reporting” refers to the preparation and presentation of financial statements. This includes the income statement, balance sheet, and cash flow statement, along with detailed disclosures and notes that provide additional context and information.
What are the 4 Key Results for Release1a?
1 - Reduce # of reports by 50%
2 - Reduce maintenance effort on mappings by 80%
3 - Decrease the time spent on budget analysis by 25%
4 - Reduce time to complete an integrated 5-year plan by 30%
