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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 today’s 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 not only
allows you to use all of Excel's functionality when working with your reports, but also the reports
are just normal Excel files that you can distribute 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 with the included tools. Drill-down into balances and view accounts and transactions
instantly without opening another application. Perform variance analysis and statement
verifications tests all in Excel.
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 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 need 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 use 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.