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Financial Reporting

 Structured, yet flexible and accurate

o2olap for Excel's flexible and easy-to-use dimensional reporting functionality make it the best reporting choice for companies preparing financial information within the Microsoft Analysis Services (OLAP) environment. o2olap for Excel caters for multiple formats of financial reporting, including group consolidations, to be produced from one set of base data. For instance, from a general ledger trial balance, the
  • internal management accounts
  • head office accounts
  • statutory accounts
  • regulatory accounts
  • cashflow taxation
  • calculations

can be prepared simultaneously from the base data. o2olap uses techniques for Microsoft's Analysis Services that allow for easier control and reconciliation of multiple hierarchies of data. In effect, the structured approach adopted simplifes the update process for multiple hierarchies and provides uers with confidence in the resultant numbers.

One of the main benefits for users is the ability to make changes at base level, which then automatically updates ALL the reporting formats. For example, if a late adjustment was made to the financial data, then this adjustment would be reflected in all the reporting formats once recalculated. This methodology significantly reduces the reconciliation process and allows the analysts and accountants to do what they are paid to do, not the time consuming, clerical tasks associated with spreadsheets.

Also important to the end user, is the ability to slice ad-hoc reports from Microsoft's Analysis Services (OLAP) cubes into the familiar spreadsheet format. The dynamic links between the "o2olap for Excel" spreadsheets and cubes allows for simple updates within multidimensional spreadsheets. Report generation is by using the market leading report writer, Microsoft Excel. A tool and report writer that everyone knows! Leverage this experience and knowledge with o2olap for Excel.

 
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