Robust reporting on general ledger data, journal entries and sub-system detail, with an integrated variance response workflow.
OI’s Financial Performance module incorporates general ledger data, including journal entries and sub-system detail such as invoices, POs, and inventory detail. The module provides current year monthly and year-to-date data, prior year data and flexible and fixed budget amounts. Financial statement-like formats are flexible and include drill-down functionality. Users can select from several sorting, grouping and filtering parameters, including responsibility rollups.
The module provides for the easy identification of exceptions either on an ad hoc basis or by requesting variance explanations from managers via the fully integrated and sophisticated variance request process. When initiated, variances meeting selected criteria are assigned to management users. Notifications are sent via email and/or OI’s internal messaging system. OI provides a function to capture, report on, and maintain the responses.