Analyze data using the Record to Report data model
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | 
Apr 28, 2023 |
Oct 30, 2024 |
Business value
The Record to Report data model in Business performance analytics delivers fine-grained financial data, empowering users to create custom reports and perform dimension-based analysis with ease. By enhancing the accuracy and timeliness of financial statements and supporting key processes like General Ledger, Budgeting, and Financial Dimensions, the Record to Report model drives strategic decision-making, optimizes financial operations, and ensures effective period-end reporting, ultimately contributing to sustainable business growth and competitive advantage.
Feature details
The Record to Report data model in Business performance analytics provides a comprehensive view of financial performance and ensuring regulatory compliance. By streamlining key financial processes such as General Ledger, Budgeting, and Financial Dimensions, the Record to Report data model enhances the accuracy and timeliness of financial statements, which supports better strategic planning and decision-making.
The data is brought at the most fine-grain level possible, allowing for detailed and precise analysis. Users can leverage the data model to build custom reports and analytics, making it highly accessible and user-friendly. Dimension-based analysis can be easily performed on the financial data, enabling deep insights into various financial aspects. This makes the Record to Report data model particularly effective for period-end reporting, providing businesses with timely and accurate financial insights.
Additionally, it improves transparency and accountability, fostering stakeholder confidence. With the ability to quickly identify financial anomalies and trends, businesses can optimize their financial operations, reduce costs, and drive profitability. This robust financial insight ultimately contributes to sustainable business growth and improved competitive positioning.
