Unit4 FP&A Features

Uses collected data to assist organizations in understanding what they can afford now, and in years to come.

Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.

Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.

Scours data for actionable insights.

Allows users to customize their own reports according to business needs.

Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.

Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.

Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.

Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.

Displays and shares company performance data to increase transparency across the board.

Import trial balance, monthly P&L, balance sheets, and other types of financial data

Define budget structure elements and how they are linked hierarchically

Keeps track of all versions of a budget and allows users to compare versions

Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues

Test the potential financial impact of business decisions on revenues and expenses

Users can customize standard budget periods (3, 9, or 12 months)

Consolidate multiple budgets from different departments or business entities

Users with administrative access rights can modify budgets

Workflows are used to define the steps required to alter budgets and who needs to approve changes

Forecasting is based on past transactions and historical financial or operational data

Ability to recreate forecasts to include new information that may impact budgets

Support multiple types of forecasts such as balance sheet and cash flow forecasts

Used to review and update budgeting assumptions for a predefined period (usually one year)

Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns

Project out as the year progresses to accommodate trends that affect key business drivers.

compare Income Statement, Balance Sheet, and Cash Flow for multiple periods

Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Financial information can be imported from multiple sources such as spreadsheets, text files, or databases

Data from multiple systems can be centralized into a single repository

Financial data can be validated to avoid duplicates and errors

Administrators can define and manage the reporting structure and access rights to each report

Templates that can be used to create new reports without starting from scratch

Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date

Include most common financial KPIs such as gross and net profit margin, or working capital

Standard financial reports are provided out of the box

Ability to analyze financial statements such as income statement and balance sheet

Users can drill down to the detail level of each transaction or financial entry

Dashboards can be customized to display different types of data from various sources

Users can modify standard financial KPIs and metrics

Allow users to edit reports and to combine multiple reports

A dedicated portal for external users with limited access to the system

Monitors the financial performance of multiple entities

Data from multiple systems can be centralized into a single repository

Financial information can be imported from multiple sources such as spreadsheets, text files, or databases

Match invoices, payments, and bank statement information

Provide multiple types of reports such as point-in-time snapshot reports, or year over year

Offers standard financial reports out of the box

Allows users to edit reports and to combine multiple reports

Provides ratings to rank companies based on their ESG programs

Generates reports for existing investors or to attract financing

Creates reports that can be shared with the public, employees, customers, and partners

Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals.

Adjusts journal entries in order to have an accurate balance sheet and income statement

Financial statements and statistical reports (such as KPI) can be assembled into financial packages

Analysis that creates business plans outside of finance, including sales, marketing, or HR.

Reports on departmental KPI metrics measured against targets.

Consolidates planning processes across an organization into a single solution.

Manages quantitative and qualitative data for environmental, social, and governance activities

Combines data from multiple sources such as software solutions, public websites, and spreadsheets

Uses data from third party sources such as Bloomberg and DowJones

Integrate with GRC software such as GRC Platforms, Audit management, and Policy management

Integrate with financial solutions such as accounting and ERP systems

Integrate with EHS software such as Environmental Health and Safety and Quality Management Systems (QMS)

Integrates with real estate management solutions.

Integrates with ERP Systems.

Identifies potential savings in operations, locate leases to review, and examines lease portfolios.

Manages accounts payable, accounts receivable, and payments within the platform.

Tracks lease inventory within the platform.

Sends user notification of critical dates.

Automates accountant analysis and journal entry reporting.

Automate lease clause and data management.

Compliant with ASC 842 and/or IFRS 16 guidelines.

Allows users to track and control activity across cloud dashboard.

Ensures data is aligned and consistent across databases in departments like accounting, payroll, and recruiting

Provides overview of planning and prediction for current and future employee headcount

Outputs reports on headcount and budgeting analytics

Calculates outputs for budgeting and predicting expenses related to base compensation like salary and benefits

Offers integration with numerous adjacent HR and ERP software solutions like accounting, workforce management, CPM, HR analytics, org charts, and ATS

Provides overview of salaray ranges in relation to job levels

Offers the ability to rearrange company hierarchy and employee details in a chart format

Onboarding and offboarding procedures are automated to streamline approval processes for stakeholders

Facilitate communications with various stakeholders on ESG initiatives

Help users identify ESG related risks to proactively address them

Evaluate the impact of ESG related risks on the company and its ecosystem

Define and implement strategies to improve ESG initiatives

Provide ESG benchmarking data and competitive analysis functionality

Deliver action items to improve ESG initiatives based on historical data

Use AI or GAI technology to optimize ESG management and reporting

Monitor the performance of Environmental, Social and Governance (ESG) initiatives over time

Build reports around specific compliance requirements and directives such as CSR and CS3D.

Capability to perform complex tasks without constant human input

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Works across multiple software systems or databases

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation.

Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies.

Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies.

Generates AI-assisted financial reports and provides thorough analytical insights.