Typically an asset will have its own production reporting system with its own allocation logic, but for corporate purposes you need to be able to see the big picture. You need to present all the assets in a single report, with aggregated figures, for use by the corporate executive teams, or anyone else, who needs to understand the performance of the business. That’s the purpose of the Corporate Reporting module.
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With Corporate Reporting, there’s no need for manual data gathering and input, and no need to manage and check significant amounts of raw data. There’s no need to have someone invest significant effort in cutting, copying and pasting from various spreadsheets, delivered by different parities in different formats, and at varying times, collating them, and emailing them. That repetitive and tedious work probably demands the attention of a very well qualified and experienced individual, and it has to be checked carefully at every stage. Now, all of the individual asset systems can automatically submit data to Corporate Reporting, and the recipients just go in to look at the results. What is more, analysis of historical performance can be done in ways that are just not possible with other systems or, worse, a large collection of spreadsheets
With Corporate Reporting, there’s no need for a massive “big bang” project. The system can be delivered incrementally, and because it’s based in the cloud it means that assets can be added at any time and from anywhere. All customers have both a test and a live environment to work with, so once all the testing is done it’s a straightforward process to migrate a test environment into live production. Bringing any new asset into the system requires only a few man-days to carry out import configuration, and any time to create custom reports. However, once the required format is set and tested, the reports run automatically.