Host Analytics is offering an all-new type of reporting by joining two types of existing reports—ad hoc and financial. It’s good news for users because they will be able to benefit from both in a single interface.
An ad hoc report is a non-standardized type of report. The Host Analytics’ ad hoc reporting tool offers a simple and flexible reporting method with an intuitive interface to easily perform financial data analysis. For example, you might use an ad hoc report to verify the accuracy of data.
The typical structure of a financial report consists of an X-axis (row) and a Y-axis (column) on a report grid. For example, an income statement report might be shown with years and months on the column axis and income statement accounts along the row axis. At the intersection of each member along each axis is a cell, which displays the measure data for the company or department.
Together, ad hoc and financial reports can be thought of as the Dynamic Duo. For those of you who aren’t familiar with this term, the Dynamic Duo has been used to describe Batman and Robin; two superheroes that always needed each other to “get the job done.”
Dynamic Reporting offers all the same features as financial and ad hoc reporting (report sets, insert formulas, formula exceptions, ranking) through a common and fully integrated user interface. The new Dynamic Reporting user interface was designed to provide the best possible experience by offering drag and drop capabilities, quicker report building and design functionality, and a more user-friendly method to modify previewed reports. This interface also enables you to easily toggle between financial and ad hoc modes.
The image below depicts a Dynamic Report in the report results pane. You may use this pane to further manipulate report output data. You may also drill through the output, insert formulas (average, sum, maximum value, etc.), and pivot the columns and rows.
Host Analytics is currently continuing to evolve the Dynamic Reporting feature. If you’re a finance professional and need a reporting tool to “get the job done,” Dynamic Reporting may be the answer.
Decision makers must be discriminative when it comes to financial information gathering and sharing. It’s important to have the right information that is easily accessible to make fact-based financial decisions. So, where do decision makers go to get the right tool to gain valuable financial insight to make the best possible decisions? The answer is Host Analytics.
Host Analytics has a feature called Executive Report Manager (ERM), which provides presentation quality, real-time, fact-based financial reports via an Internet browser. This means that you can be anywhere in the world and as long as you have access to a browser, you can access and report on real-time financial
One question I asked when I first heard of ERM was, “is ERM just for executives?” The answer is, “absolutely not.” Executive Report Manager is for anyone in a decision-making role. Heck, the 3 Little Pigs could have used ERM to realize that even though building a brick house was more costly, it was a wise financial decision when dealing with unruly wolves.
Now, let’s get down to the nitty gritty and explain how ERM works. Executive Report Manager is an integrated solution, meaning that it works with Host Analytics Scorecard, Host Analytics Consolidator, and Host Analytics Budget by pulling data into one central location. Information is gathered and compiled into one informative Executive Report as depicted below.
Not only does ERM enable you to generate reports, it also provides distribution capabilities. After all, fact-based information is even better when shared. The solution also has a unique and user-friendly Workflow feature that provides you with a high level of collaboration.
Executive Report Manager is customizable, has an automated table of contents, and built-in capabilities to format your documents any way you like. You can also add graphs and snapshots to any of your ERM reports. If you are a discriminative decision maker, ERM is the way to go.