Executive

PresentationJanuary, 2014

Why We Are Here?

Know a consolidation and a financial planning solution which favors:

• Our talent

• Our creativity

• Our knowledge

• And mainly...

• Our productivity!

Managerial and Accounting

ConsolidationsTheory and Practice for

Sysphera Solution

Challenge of Relevant Information

CRMSelling

GPS

Planning

Spee

d

Agility

Transactions

Opp

ortu

nitie

s

Service Calls

Academic Information

Orders

InventoriesEm

ails

Tweets

Planning

Social Network

Mobile

Instant Messages

IDC: 900 billions of Gigabytes of Digital Information

Reflexion

Once, students asked a teacher the reason that the survey questions were

the same as last year ...

Yes, replied the teacher ... the questions are exactly the same. What

you should know is that the answers have changed.

Albert Einstein

Managerial and Accounting Consolidations

Objective

To present to shareholders and creditors, the results of

operations and financial position of the parent company and its

subsidiaries, as if the group were a single economic entity.

Managerial and Accounting Consolidations

Consolidated financial statements normally include consolidated

balance sheet, consolidated statement of profit and loss, and

notes, other statements and explanatory material that form an

integral part thereof.

Responsibility

CFO

The financial statements consolidation represents a

complex and time consuming activity, resulting

in the finance team monopolization as well as other

members of senior management.

Effectiveness of Consolidation

Process

Consolidation Process

Main Challenges

• The effectiveness of the process such as it is;

• The quality, consistency and availability of information;

• The control of the process itself;

• Maintenance of the calculating back up;

• Full control of eliminations;

• Determination of intercompany consolidated

results, actual and planed figures.

Effectiveness

Effectiveness of Consolidation Process

The fact that the consolidation is usually done manually with the use of Excel makes

it difficult to reflect changes in organizational structure without a huge

workload.

The acquisitions, as well as the management of rounded and distributed in various places in the financial documents,

often represents a major nuisance when reviewing the consistency of the figures.

Effectiveness of Consolidation Process

The review process usually overloads the finance team and a number of

other company executives to ensure the consistency of information across

different documents.

Publicly traded companies are even more pressed for speed and accuracy

of the information demanded by the consolidation process.

Consistency, Quality andInformation Availability

Operational Processes

Many efforts are still spent on capturing information, and this search is usually done in time, usually tight, increasing

the risk of errors.

Provide a centralized model, capable of linking various account structures and

peculiarities of each business AUTOMATICALLY is an instrument of

great value to the process of consolidation.

Data Load: Workflow

Specification of Responsible andDeadlines for implementation of

tasks.

Viewing Activities Consolidation, hierarchically organized by Entity

Data Load: Assistant

ERP data load controled by the Workflow and parameterized through step- by-Step wizard

Procedures

Procedures

Consider the uniformity of accounting standards

In case of application of different policies, adjustments must be made , even if non-accounting, to adjust the

statements of the subsidiaries.

Subsidiaries operating abroad, subject to specific legislation, and the

conversion of amounts calculated in foreign currency.

Procedures

Eliminate the carrying value of investment in each subsidiary of

the parent.

Eliminate the part of the parent shareholders' equity of

subsidiaries.

Eliminate the intercompany balances, transactions, dividends,

revenues and expenses.

Procedures

Taxes

Besides the normal elimination of unrealized profits or losses contained in

the active, the controller must recognize a tax liability or asset. This includes:

• Income taxes on asset transactions

• Value added taxes

Procedures

Participation of Non-Controlling

Shareholders

Also called minority participation of Non-Controlling

Shareholders should be presented in the Consolidated

Balance Sheet within Equity, separately from the Parents

Owners´ Equity.

Managerial Adjustment

Data adjustments for all levels and accounts of each entity

Intelligent forms, with filters for browsing in all model structures.

Managerial Adjustment

All adjustments are auditable and validated by a Reviewer

Managerial Adjustment

Option of adjustments creation through balanced journal entry

controlled by the workflow

Managerial Adjustment

Option of adjustments creation through balanced journal entry

controlled by the workflow

Managerial Adjustment

Journal entry adjustment Library

Managerial Adjustment

Journal entry adjustment Library execution controlled by workflow

Publication and Notes to the Financial

Statements

Notes to the Financial Statements

Objective

Provide the CFO the ability to demonstrate the adjustments

made at the time of consolidation, as well as rules

that support them.

Consolidated Financial Statements

All of the Consolidated Statements generated according to the

legislation and customer needs.

Consolidated Financial Statements

Consolidated Financial Statements

Analisys by Company

Consolidated Financial Statements

Analisys by Company

Consolidated Financial Statements

Consolidated Financial Statements

Notes to the Consolidated Statements

Generated in Excel format to facilitate the

insertion of any Consolidation

Document.

Notes to the Consolidated Statements

Generated in Excel format to facilitate the insertion of any

Consolidation Document.

Notes to the Consolidated Statements

Notes to the Consolidated Statements

Financial Consolidation

Process Management

Current Perception

With current regulations, the concept of control is perceived increasingly as a

critical element for all financial processes. However, it is almost

impossible to keep a reliable audit of manipulation when performed manually

in Excel format.

Furthermore, following a manual process, it is also difficult to control the schedule of activities of the various stakeholders, taking into account the following review

and approval according to a defined hierarchy.

Tangible Benefits

• A controlled, centralized and truly cooperative environment to manage the financial

consolidation process;

• A significant reduction in time and costs of generating consolidated financial statements;

• Traceability of actions taken;

• Less dependence on IT area for manipulation of information in the process of financial

consolidation.+ PRODUCTIVITY!

= Greater human capital valorization in organizations.

Consolidation Process Management

Specification of Responsible andDeadlines for implementation of

tasks.

Viewing Activities Consolidation, hierarchically organized by Entity

Consolidation Process Management

Intelligent tasks guide the entire consolidation process, with

deadlines and rules control for the application.

Consolidation Process Management

Each activity has at least one reviewer, establishing a

collaborative and productive.

Consolidation Process Management

Automated Rules to conduct and control all stages of the process.

About Sysphera

Our Company

SYSPHERA is a Brazilian software company with global operations, dedicated to Corporate Performance

Management space.

Headquartered in Florianópolis-SC/Brazil, Sysphera has a local USA Office located in Boston-MA.

Our Company

SYSPHERA fully integrates its solution with the MicroStrategy BI platform in a transparent way

for the end-users.

This complements and extends the capability of the BI MicroStrategy Platform, providing business users

appropriate administration of their Planning, Budgeting, Forecasting & Consolidation

processes, allowing the creation of scenarios and simulations.

The MicroStrategy and SYSPHERA Integrated solutions are used by dozens of customers in several countries.

Company Operations

The products developed by Sysphera are delivered to market through the Master Reseller Soft6 using

their extensive network of Value Added Resellers (VARs) that operate in Brazil, Argentina, Panama,

Peru, Mexico, Canada, USA and Portugal.

BRAZIL - CORPORATE HQRua Lauro Linhares, 2055Flora 704, CEP 88036-002Florianopolis-SC, BrazilTel. +55 (48) 3206.3107

ARGENTINAIng. Butty 2404th Floor - C1001AFBBuenos Aires, ArgentinaTel. +54 (11) 4590.2265

ARGENTINAAv. Roque S. Peña 8259th Floor Of. 91/92C1035AAD – CABATel. +54 (11) 4328.7866/72

PANAMACalle 50 y Santo Domingo,Torre Global Bank, 32nd Floor,Of. 3203. Panama, PanamaTel. +507 831.5575

PERUCalle Elías Aguirre 126Of. 1001 - MirafloresLima 18, PeruTel. +51 (1) 719.4180

MEXICOMonte Camerún 54-2NLomas de ChapultepecMexico City, DF 11000Tel. +52 (55) 1209.6552 ext. 120

PORTUGALAv. António Augusto de Aguiar, 108 – 7th Floor1050-019 Lisbon, PortugalTel. +351 210.992.259

CANADA6190 Atlantic Dr. Suite #01Mississauga, ON L5T 1W3CanadaTel. +1 (905) 848.7961

UNITED STATES30 Montrose AvenueSuite #19GBrooklyn, NY 11206 USATel. +1 (917) 474.9303

SyspheraSolutions

Functionalities

Competitive Edge

Sysphera

Finance Professionals Oriented

Others

IT Professionals Oriented

Sysphera PFO

Sysphera PFO for MicroStrategy

Mains CustomersFinanças e Seguros

Indústria eTecnologia

Saúdee Ensino

Transporte,Serviços e Varejo

Energiae Governo

Thank You!antonio.dutra@sysphera.com

www.sysphera.com