Product – sfinx – Financial Management

sfinx is designed to help organisations achieve the most important objectives: Enable senior leaders to make strategic decisions Drive cost efficiency in the IT production model and IT finance processes

Optimise commercial value from digital and technology investments

Stakeholders, from executives to service owners, demand insights that are strategic, integrated, and actionable. Existing products try to cover everything, but too often end up being disjointed.

sfinx enables organizations achieve two essential goals: driving continuous financial efficiency across the IT production model, and enabling leaders to make strategic decisions that align technology with business strategy.

sfinx focuses on the four main capabilities that truly drive value: Finance, Vendor, Workforce, Service Cost, and Chargeback.

Finance Vendor Workforce Service Cost Chargeback

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Finance: Manage plan, rolling forecasts, and actuals consistently, transparently and efficiently

Bottom-Up Financial Planning: Create multi-year financial plans (OpEx and CapEx) based on planning items, with direct links to
suppliers and purchase orders.
Controlling & Analysis: Gain full visibility into direct costs by detailed insights per multi-year planning item in original currency, including monthly phasing.
Rolling Forecast Management: Automatically update monthly phasing based on actual postings.
Service Assembly: Allocate expenses to services and/or projects, enabling transparent cost attribution and service-based budgeting.
Finance Reporting: Insightful reports, including side-by-side comparisons of financial versions for variance analysis.

Vendor: Gain transparency and control over cash outflows with relevant contextual insights

Vendor & Contract Planning: Plan and manage planning objects with vendor relationships and/or contracts
Controlling & Analysis: Monitor and analyse vendor, and purchase order (PO) performance to ensure cost-effectiveness and compliance

Workforce: Optimize your workforce and seamlessly allocate staff across services

Staffing: Assign employees to the right services while automatically calculating service‑level staffing costs.
Analytics & Reporting: Gain full transparency with detailed staffing reports and clear insights into workforce cost‑to‑service allocation.

Service Cost: Transparency and full control of service TCO along the entire service model

Service Management: Define and manage your service portfolio with a ready-to-use service catalogue structure.
Cost Distribution & Overhead Allocation: Distribute service costs, including overheads, based on manual inputs or quantity-based drivers.
Service Integration: Connect services to ServiceNow objects, such as service offerings and application services, for seamless alignment and embedding with your ServiceNow ecosystem.
Costing Execution: Run service costing processes to calculate the Service Total Cost of Ownership (TCO).
Reporting & Analysis: Compare service costing runs to highlight deviations, identify trends, and uncover opportunities for optimization.

Chargeback: Efficiently plan and manage the recharging of IT services to the business

Consumption Planning: Planning of service consumption across provider-consumer combinations to ensure transparency in planned cost.
Consumption Forecasting: Measure actual consumption by each consumer and regularly reviewed against planned consumption to identify deviations
Consumption Analysis: Detailed consumption and cost reports to ensure full transparency

sfinx Explained: Introduction Video

sfinx Key Features

Continuous Planning

sfinx allows is built for continuous planning

Traditional planning with annual cycles and occasional quarterly updates is no longer sufficient.

sfinx enables continuous planning, allowing you to update your budget dynamically and always work with the latest, most accurate status.

Multi-year Planning

sfinx allows for integrated multi-year planning across cost, workforce, services, demand, and consumption

Traditional one‑off yearly plans, created independently for cost, workforce, demand, and consumption, are no longer sufficient in today’s VUCA world.
sfinx provides a connected strategic, financial, and operational planning framework that brings all key planning dimensions together into a single integrated model.

Financial Versions

Financial version to have full transparency on any of the past and current state

Financial versions, also called snapshots, provide a consistent and immutable set of data captured at a specific point in time.

Financial versions are used to record plans, revised plans, projections/forecasts, or any other defined scenario. By preserving data exactly as it was at the moment of capture, financial versions enable reliable reporting, comparison, and analysis of deviations and trends across scenarios.

Currency Handling

sfinx is multi-currency enabled by design

Say goodbye to manual conversions and spreadsheet workarounds. With sfinx, currency handling is fully integrated, so your planners can focus on the planning and forecasting.

Every financial value is seamlessly aligned through dedicated FX versions, ensuring consistency, transparency, and confidence across all plans and reports.

With full control over FX versions, finance teams can update or lock rates in line with corporate policies, ensuring accuracy, complete traceability, and governance.

Data Quality Dashboards

Excel-like Interface

Fine-Grained Access Control

sfinx offers a flexible access model that adapts to your desired level of access control.

Access within the sfinx is defined by two key aspects:

Organisational Assignment (Hierarchical):
Users gain access based on their position within the organisational structure, such as Cost Center Owner or Department Head or manual assignments for delegations or temporary responsibilities.
Role Assignment
Users receive a specific role, such as Cost Center Owner or Controller, which defines the actions and capabilities available to them within the application.