All ERP Vendors struggle to provide the accounts department
with timely on-line summary information. Why? The reason is
that databases used by ERP software are written using Relational
Database Technology, which can’t summarise the data
quickly enough. Typically, the first ‘solution’
is to go to paper-based reporting. Report writers are difficult
to use, need IT skills, are slow to run and can’t drill
down to the underlying transaction data for further analysis.
What’s more, by the time you have specified, designed
and run it, the data has moved on and the report is out of
date.
For these reasons many companies are turning to Business
Intelligence tools to provide summary information. However,
there is also a flaw with this solution. With many of these
tools the data has to be duplicated to an OLAP database,
a newer type of database that has been designed to analyse
summary information. Normally this transfer is run overnight,
with the result that a journal entry entered at 9.00am can’t
be seen until that night, when the transfer and calculation
of that day’s data into the OLAP cube is run. This
means that it can take up to 24 hours for the journal to
show up on a report, often rendering the report meaningless
to the user.
The Really Real Time ® Inquiry Suite from the GL Company
is the first “Accounting Intelligence” solution.
It will change the way you close your month end forever.
There are five key areas that differentiate Really Real
Time from report writers and Business
Intelligence tools:
Flash Reporting Cycle.
This is the hectic period 5 days before and 5 days after
the month end close. Business Unit Managers and Accountants
want up to the second information at a summary and detail
level.
Accountants not IT drive the system.
Really Real Time has been designed so that accountants
can build their own inquires, and not have to rely on
an overstretched IT department.
Virtual OLAP.
The product gives businesses the ability to look at any
combination of the 300+ dimensions in the General Level
at any level. These dimensions can be consolidated and
pivoted just by using point and click.
Online
Inquiries and Publishing.
All inquiries are online and run very quickly. Inquiries
have been built to run in seconds, while the same inquiry
can take ERP report writers minutes or hours to run and
Business Intelligence tools, days. The end user can easily
share these inquiries with other users.
Really Real Time.
The product is truly real time. When you buy a Business
Intelligence solution you have to “stage”
(transfer) the summary and transactional data to another
database. All inquiries in Really Real Time can drill-down
and drill-across to transactional or other summary data.
The Really Real Time® Inquiry Suite is available in two
releases – Standard Edition and Enterprise Edition and
both can be run over World and EnterpriseOne.
The Standard Edition focuses exclusively on the general
ledger providing all the essential features required to
run inquiries and to drill down to transactions, Really
Real Time.
The Enterprise Edition expands upon the standard edition,
providing Really Real Time inquiry capability over fixed
assets and job costing, in addition to the general ledger
module. It also provides a whole range of additional features
such as real time hierarchy building, the ability to display
multiple inquiries, user favourites, flash report styling
and formatting, extended transactional inquiries and many
more features to assist you during the month end close process.
Call us to find out more about The Really Real Time ®
Inquiry Suite.
New…
A new module, Advanced Cost Accounting has been added,
which opens up the JD Edwards database to allow an extra
5 sub-ledger postings per General Ledger transaction. Profitability
by Customer and by Product can now be taken straight from
the General Ledger, in real time.
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