“The real voyage of discovery consists not in seeking new landscapes, but having new eyes.” -- Marcel Proust
Questions abound regarding ways to invigorate, or even simplify, the analysis of financial statements. Does anyone do a little dance when their fund prospectus or financial statement shows up in their inbox? Having a fresh perspective for viewing your financial results can be the difference between success and failure. Intelligent Business Operations (IBO) is the next logical step for integrating analytics into management’s daily activities. As Janelle Hill, vice president and distinguished analyst at Gartner, states “Tomorrow's business operations will integrate real-time intelligence .... Using IBO -- a style of work in which real-time analytic and decision management technologies are integrated into the transaction-executing and book-keeping operational activities that run a business."
CFO Rapid Fire, through the use of Instalytics, is able to capture general ledger activity on a real-time basis. This portrays a Data Visualization that goes beyond the traditional financial statement packages. It takes the same landscape but gives the user “new eyes” with which to “See into Their Data”!
Check out the following example of how we use Instalytics to display your Period Financials.
What we cannot convey with this simple, static illustration is the fact that the user would be able to drill into their Period Financials using the navigation bar. Financial Results can be broadened to view by period or year. The user is also able to narrow the parameters to view only the current year or provide comparative financials. All stores can be selected or again, narrowed to view a specific location. Each Financial Statement category can be “drilled” into by simply clicking on the account or number to further “see into the data”. We believe this allows the user to discover their data anytime, anywhere on a real-time basis! There are so many opportunities to view your financials in a whole new light, this illustration can only provide a simple graphic. Imagine if you could dive deeper as needed. Unearthing answers as you go. The road to data discovery is in your control.
As we’ve discussed previously, changes in the Business Intelligence landscape has heads spinning. There is a constant stream of Business Intelligence (BI) terms flowing throughout organizations. Experts provided some BI definitions for Software Advice in order to better aide users on their road to data discovery. Every additional understanding we gain, allows us to be one step closer to true Business Intelligence.
Again, as Marcel Proust stated, “The real voyage of discovery consists not in seeking new landscapes, but having new eyes.” Let us open your eyes and allow YOU to DISCOVER YOUR data!