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Overview
In today’s competitive business environment it is vital for you to have a window
into your information, so you can respond to current trends and changing market
conditions. You need to have the tools to give your staff the ability to make sound
decisions to meet new challenges and opportunities in order to succeed.
Vivid ReportsTM is a comprehensive financial reporting and forecasting
solution that opens that window into your financial information. It provides your
people with the tools they need to easily view and analyze the performance of your
business processes without requiring them to have any technical expertise. Vivid
Reports can help you increase the productivity of your organization by reducing
the time spent on reporting and information gathering, and allow everyone to focus
more on running the organization and making the correct decisions.
Excel Workspace
Vivid Reports uses Microsoft Excel® as its workspace to create and view your reports.
This enables you to harness all of Excel's functionality when working with your
reports, with the added advantage of being able to distribute your reports as a
standard Excel file to anyone with Excel. With Vivid Reports these standard Excel
files come to life, allowing you to drill-down and perform powerful analysis with
ease by utilizing the added functionality provided by Vivid Reports. Drill-down
into balances and view accounts and transactions instantly without opening another
application. Perform variance analysis, statement verifications tests and much more
all within the Excel environment.
Reporting Engine
A powerful and innovative reporting engine allows you to refresh and navigate your
reports with amazing speed. Developed on Microsoft SQL Server® technology, it enables
large volumes of data to be processed efficiently so you never have to waste time
waiting for your reports to refresh.
Building Block Concept
You create report definitions that are stored centrally and securely in the Vivid
Reports database; where they can be backed up, and access controlled. These definitions
are based on six categories of financial information: Accounts and Segments, Periods,
Fiscal Years, Data Types (Actual, Budget), Company (Database), and Currency. Each
definition only needs to be defined once, and are the "building blocks" of your
reports. You can re-use definitions on multiple reports and only need to change
it from a single location creating a "single version of the truth".
Budgeting Functionality
Use the full functionality and your knowledge of Excel to create your templates
and budget models. All user input is done in Excel and saved directly to the database,
where it can be instantly reviewed by the accounting department, senior management,
or shared with other users. A full audit of every change is automatically maintained.
Consolidate budget information and display in your reports immediately without the
complex and error prone process of manual consolidation, version control issues,
and delays with importing to your ERP.
Use the built-in distribution tool to navigate and complete your templates. From
a single screen you can view trends and historical information, see graphical representations,
and allocate annual input across periods based on the drivers you define. Add notes
to your input for better communication and documentation of assumptions. New budget
sets can be loaded with any mix of actuals or other existing budgets, allowing you
to develop forecasts more accurately and efficiently.