Background
Recognized Revenue reporting from the GL is a critical financial report. Creating accurate GL revenue reports is often a very difficult and time consuming process fraught with pitfalls.
What you get if you just join the tables
An unwieldy mess of hundreds of data fields that do not bring accurate revenue numbers or provide useful information. Currency conversions are difficult and inaccurate, foreign currency especially so. Necessary dimensions like GL accounts, profit centers etc. are not available. No ability to do time series analysis against prior periods and years limits analysis options.
Simplement Value Add
With Simplement GL smart start you can see your recognized revenue today and gain unprecedented visibility into the details by taking advantage of the following features.
Fully fleshed out reporting hierarchies like GL account, Cost/Profit Centers, Financial Statement allocation and even EBITDA allocations are all available to perform fine grain analysis of all GL revenue figures at any level of detail. Time series analysis allows for easy period/year comparisons.
