Reporting & Business Intelligence

Overview

At its simplest level, financial analysis is about being able to see and communicate what is happening – quickly, clearly and accurately.

Whether you are measuring the profitability of a new product line or preparing consolidated financial statements, Coda Financials provides both halves of the equation to help your different users report on, model and analyse your business – in the ways that they need. These are:

• the vital foundation of a robust, flexible financial information model
• a full array of reporting and business intelligence (BI) tools.

Reporting is only as good as the underlying information model

Despite the abundance of IT reporting tools available today, most finance departments still struggle to keep up with reporting demands, often relying on spreadsheet gyrations to save the day. But the problem isn’t necessarily the tools; it is the inflexibility and inadequacy of the information model in the underlying financial system. The old IT axiom, “garbage in – garbage out” certainly applies to financial systems. Easy, yet powerful reporting starts with a robust financial information model.

The flexibility of the Coda financial information model, combined with the real-time nature of the single-ledger system provides the deepest and most agile reporting system available on the market today.

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The Coda multi-dimensional financial information model

Cod Financials provides exceptional ways to capture, store, and maintain financial data. The financial model includes dimensions for multiple currencies, account balances, budgets, forecasts, supplier activity, customer activity, and other business statistics. It is a multi-everything design (country, company, currency, tax, language), handling even the most complex corporate structures. The Coda Financials model is far superior to the typical “Code Block” approach and the inflexible chart of accounts structures embedded in most accounting systems or in the General Ledger modules of most ERP systems. For example, the Coda chart of accounts offers unparalleled flexibility to measure profitability, accommodating different account coding schemes within the same company. This allows each line of business to measure profitability the way it needs to, yet provides a single reporting model or ledger that is always in balance. Unlike “Code Blocks” that are flexible once, Coda Financials’ multidimensional model structure expects diversity and can be updated on the fly. This flexibility increases the value and utility of your financial database while simultaneously reducing the reliance on spreadsheet manipulations.

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Choose the right tool for the job

The important thing is to provide reporting and BI capabilities that match the needs and technology preferences of the many types of users in your organisation.

Coda Financials provides both general reporting tools and specific reporting functions, each designed for a particular purpose. You can choose from a complete spectrum of inquiry, reporting and business intelligence options: from built-in reporting and browsing functions, through extended data warehousing analysis solutions. Users can be given instant access to the appropriate data, wherever or whenever they need it and by the most effective means, whether that’s via a company portal, a web browser, a Microsoft® Excel® spreadsheet or even embedded as part of another key business application.

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Reporting & BI – at a glance

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