Regulatory & Compliance - Flexible ERP Reporting, Payroll
Regulatory & Compliance - Advantage 4 - Financial Applications
VITA™ regulatory advantage #4: Making changes to report financial data with non-financial data
Agresso balance tables allow organizations simply to incorporate columns of both financial and nonfinancial data. There are numerous ways that financial data can be tied to other relevant types of data; for example, the tying of payroll to organizational pay grades and specific geographic cost of living segmentation, multiple currency exchange rates, etc.
Agresso allows the user to analyse, compare, contrast and reformat such different types of data, using either standard key performance indicators or with customized KPIs, from the user interface without the need to re-code the application. Business users can simply take the balance table columns of different data and assigned values, and reformat them for reporting and decision making. A great example of this is with utility costs, which can change frequently and are subject to regulatory controls. The impact of various energy cost scenarios for example, could be analysed by kilowatt hours, group or individual employee usage, role-based differences, geographic differences and currency differences – and all tied to budget forecasts and actuals.
These balance tables are easy to change with Agresso, and allow for an ever-changing array of calculations and adjustments to be made – either due to regulatory (e.g. employment or environmental rules) or internal budgetary requirements. For companies facing economic or industry uncertainty, combined with a changing regulatory environment, this powerful capability for authorized users to introduce reporting changes with no external cost can mean the difference between profitability and loss.
Regulatory & Compliance - Advantage 5
VITA™ regulatory advantage #5: Updating reports that are tied to new account structures
Agresso’s tree structure is intelligent; business users can easily create a new account structure, and depending on whether they are assigned to specific budgets/set-ups or not, VITA will re-direct them appropriately. This ensures that unassigned data is appropriately directed and coded to the correct business processes and reporting methodology. VITA can also provide financial “range” values to reflect relationships within budgets; for example, all items over an amount “x” must follow one business process for approval, while all items over “y” take another process route. All unassigned items might take a third process route.
Again, VITA allows such changes to be made easily by authorized business users without technical or external input and can be changed as often as desired.
VITA™ regulatory advantage #6: Changing document and content management platforms
Agresso VITA provides an important extra layer of data security for document archiving. New word documents can be merged with archived records to create “alternative libraries” of data. The Agresso solution is agnostic as to which tools are used to collect, compare and manage data – the GUI tree structure is easily modified.