* Global Financial Management team

Global single instance objectives Reduce TCO * for global organization Enable commerce among units within highly integrated organization Standardized process and consolidated reports across different countries Avoid data redundancy and inconsistence * Total Cost of Ownership

Visible to the company in the same country Simplified for implementation and maintenance Not shared with other countries through set-up change Translated for specific country only

- AX AX 2012

Started in late 90s First localized version — Navision Axapta 2.1 / 2.5 Up to Microsoft Dynamics AX 2009 localization existed in the GLS EE layer

Legislation Complex, ambiguous and contradictory Changes frequently, sometimes unexpectedly

Country-specific audit documents content and layout Country-specific outgoing documents VAT reporting Cash payments Dates for exchange rate Prepayments Fixed asset opening balance Company country context Country-specific statutory reporting Country-specific outgoing documents VAT accounting Cash payments Dates for exchange rate Correspondence of accounts Fixed assets Payroll Advance holders

300+ local features 3 local modules

Cash and bank Cash account and journal Electronic banking Bank reconciliation Bank and cash reporting Advance holders Advance issue Purchase via advance holder Advance report Fixed assets Acquisition to withdrawal Assembly and overhaul Depreciation and revaluation Clothes, instruments, not valuable assets Statutory reporting Deferrals Automatic or manual creation Periodic calculation and write-off

Six countries 200+ local features No local modules!

Accounting principle based on the double-entry bookkeeping system. According to the principle, ledger transactions created by a business transaction must be debit-to-credit corresponded Simple transaction AccountDebitCredit Account1 Account2 $100 Total:$100 Complex transaction AccountsAmount Debit Account1 - Credit Account2$100 AccountDebitCredit Account1 Account2 Account3 Account4 $50 $30 $20 $100 Total:$100 AccountsAmount Debit Account1 - Credit Account4$50 Debit Account2 - Credit Account4$30 Debit Account3 - Credit Account4$20

A tax document in a legally established form issued by a seller and required for a buyer to confirm VAT deduction. Also used by the seller to confirm VAT amount to be paid

Agree on sale Ask for money Get a prepayment Prepayment VAT Issue sales invoice Czech Republic/ Hungary Poland

Czech RepublicHungaryPoland

Country context Relational 101 Role-based security framework SSRS report framework Financial dimension framework Source document framework Accounting distributions and sub ledger framework Global address book Global frameworks Bank reconciliation Tax registration number Miscellaneous charge on free text invoice line level Tax adjustments on purchase invoice line level Payment calendar Default description enhancement (transaction text) Import exchange rate from web source Global features

Localization for 36 countries Country-specific functionality and vertical solutions all together in SYS layer Over 500 features for Eastern Europe and Russia Common feature sets with country specific flavor Constant monitoring and updates for regulatory changes Done by regional R&D team (GFM Europe and Russia) Single instance for all supported regions Use country context to enable country-specific features Global frameworks and features Consolidation of requirements and code

CSAX01 Microsoft Dynamics AX 2012 Overview CSAX46 Microsoft Dynamics AX 2012 R2 Financials Overview CSAX43 Microsoft Dynamics AX Localization – Considerations when Deploying in Brazil CSAX45 Microsoft Dynamics AX Localization - Considerations when Deploying in APAC Markets