Predictive Analytics – Optimization – Performance Management

Host Analytics – Reporting

The common misconception among our clients is that any Reporting application can support Financial Reporting requirements, and Financial Reporting is only required for Consolidatiosn.

Financial Reporting requires specific capabilities to support the Financial Reporting formats and logic of Income Statements, Balance Sheets and Cash Flow Statements. When considering a Financial Reporting application, Blue Line recommends confirming the applicable supports the below minimum capabilities:

  • Support ‘ragged’ or multilevel hierarchies
  • ‘Sign flipping’ to correctly represent and calculate Revenue and Expenses
  • Currencies and conversions; average balance and end of period
  • Support Income Statement, Balance Sheet and Cash Flow logic
  • Support Income Statement, Balance Sheet and Cash Flow formats
  • Scalability; by nature Financial Reporting requires a combination of many dimensions and measures; for example
    • Management & Legal Hierarchies
    • Line of Business
    • Function
    • Accounts
  • End User Analysis

Financial Reporting requirements are not limited to Consolidations and are a fundamental requirement of any Planning & Budgeting implementation in the form of Actual vs Plan Reporting and Analysis. Host Analytics full suite of enterprise performance management applications provides the integration and capabilities to Report and Analyze Plans and Actuals.

Key Benefits:

  • Drag-and-drop reporting: Easily generate ad hoc and financial reports in the Cloud or Excel.
  • Management and board books: Automate the process of publishing your final board book, management report or 10k.
  • Compliance and disclosure: Streamline your disclosure process by integrating the creation of EDGAR, HTML and XBRL compliant documents directly into your financial results