Vivid Reports™ – Corporate Performance Management (CPM) software that sets a new standard for financial reporting. Providing a sophisticated reporting framework that delivers unprecedented processing speed, ease of use, security, and much more. Vivid Reports transforms Microsoft Excel® into a secure presentation and analysis workspace that is powered by a lightning fast proprietary SQL Server reporting engine. Vivid Reports enables finance departments and business professionals to quickly produce, deliver and analyze powerful and interactive financial reports and budget models. Vivid Reports empowers team members and stakeholders to immediately access the financial information and Key Performance Indicators they need to gain valuable insight, ensure targets are met and achieve maximum financial performance.
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 Reports 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 organization 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 managing the organization and making well informed decisions.
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.
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”.
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.
The budget functionality can be used for more than just budgets. You can use it to load an external trial balance or G/L, load statistics or unit accounts, and even load elimination entries into the Vivid Reports database.