It is very useful especially for analyst
Rating: 8 out of 10
IncentivizedUse Cases and Deployment Scope
Used mainly by finance department but also by other analysts across the organization.
It is mainly used to retrieve financial data.
Pros
- Retrieve data for financial reports (template or manual set report in excel)
- To drill down into journal entries for detail analysis
- To distinguish the input of different type of entries and by different users
Cons
- It is possible but difficult to retrieve data or set criteria from different module into a single report or retrieve. If it is more user friendly instead of having to create a complex formula to retrieve the data, this function will be utilized more often.
- It will be nice to have visual (graphs, etc.) report template available
- It is helpful if we can retrieve data for a range of date, instead of just YTD, PTD etc. and multi-year data all at once for comparison too.
Likelihood to Recommend
It is wonderful for analysing since you can easily drill down to the level of detail you want for the data. It is also very helpful for monthly reporting with the preset report and you can create your own standardized report too. As long as you set up the data retrieve formula properly, you can retrieve different year, budget and forecast data from the system easily by changing a few criteria. It is more data driven so it is less appropriate for management who are looking for visual and summarized reports.