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Financial Reporting Analysis Starter Kit  

Features & Benefits


FEATURES AND BENEFITS

Analytics Library
  • Summary: Provides a deep understanding of a corporation’s finances across all critical areas of analysis.
Accounts Payable and Receivable (A/P and A/R)
  • Function: Summarize A/P and A/R accounts, broken down by invoice age ranges (e.g. 0-30 days, 31-60 days, etc.). A/P can be summarized by any business organizational structure, or by vendor.
  • Benefit: Allows accounting personnel to track the monies coming in and going out of the company.
Balance Sheet
  • Function: The Balance Sheet, along with the Cash Flow Statement and the Income Statement, is one of the three fundamental reports of corporate accounting.
  • Benefit: Accounting personnel can monitor the corporate accounts at the top level, but also drill into the detail level information to see what is contributing to the accounting results.
Costs/Expenses
  • Function:Controlling costs is key to any business’s profit margin. Reports in the Costs/Expenses category include expense summaries and details, measurements of most “free-spending” employees, rankings of vendors by amount spent, and analysis into the most costly expenditures.
  • Benefit: Allows a company to identify where monies are being spent and by whom. Personnel can use these reports to look for ways to cut costs across the organization.
Forecasts
  • Function: In order to accurately make business decisions about the future of the company, executives need to forecast, as accurately as possible, all future revenues, broken down by business unit and revenue type.
  • Benefit: Executives can perform what if analysis to determine how best to forecast their future revenues.
Invoiced Sales Function:
  • Function: Presents summarized sales data, and allow detailed sales data to be viewed, manipulated, and analyzed by all interested and authorized parties.
  • Benefit: Interested parties can identify where they are strongest in sales and use insight from those areas to boost sales elsewhere.
Organization and Accounting Structure Function:
  • Function: Gives the CFO and others need an easily accessible and constantly updated reference to the structure of the financial accounts in which the company keeps its books. Organization structure reports summarize the human resources of any company or business unit within the company.
  • Benefit: Summary reports of the company’s accounting structure allow drill-down to sub-account, an excellent reference for finance departments. Organization structure reports allow tracking of employee distribution across the enterprise.
Profit and Loss Statements (P&L)
  • Function: Allow executives to enforce the business accountability of their management team and gauge the progress of each unit against margin targets and budgets.
  • Benefit: Eliminates ambiguity related to the corporate bottom-line and ensures that all personnel have the same information regarding the business unit.
Data Model
  • Function: Modular data model design is highly flexible and easy to deploy.
  • Function: Built for extensions and performance optimization based on an organization’s reporting requirements.
  • Benefit: Provides a solid basis for a quick start. Can be extended to custom business requirements to provide even more meaningful business insight.

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