Financial analysis. (Technology Tools).Open Systems Inc. has added Active Financial Statements, "a significant new feature," to TRAVERSE version 10. This feature allows the user to produce interactive statements that can be used to drill down To move from summary information to the detailed data that created it. For example, adding totals from all the orders for a year creates gross sales for the year. Drilling down would identify the types of products that were most popular. The ability to drill down can be performed in a single application or by using a combination of applications. See DSS, pivot table and multidimensional views. to the underlying data. TRAVERSE Active Financial Statements work with the statements included in the general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.Notes: The ledger uses two columns: one records debits, the other has offsetting credits. See also: Accounting, Audit, Cook the Books, Credit, Debit, Generally Accepted Accounting Principles module and with any statements a user creates independently. Once the command is executed, the statement appears in a window. Any values that a user can drill down through appear in blue. "This functionality allows our users to identify and correct problems on the fly before printing statements," says TRAVERSE Development Manager Steve Beckey. "It is also very useful for data analysis because it lets users see the components of their statement totals. The user doesn't need to recreate financial statements in order to utilize this functionality." TRAVERSE version 10 includes many additional enhancements, including improved financial reporting, bar code support, improved general ledger and Inventory drill-down functionality, a "new employees" function in System Manager system manager - system management, a green bar format option on reports where appropriate, and support for Windows desktop color schemes. It also features Microsoft SQL Server database technology, providing greater security higher reliability and a vast increased in performance capabilities. Moreover, the product is now positioned for integration to Web applications. Open Systems is a single source provider of accounting, distribution, manufacturing, CRM and eBusiness solutions. The company has been in business for over 25 years. Source code for Open Systems products are provided at no additional cost. Web: www.osas.com |
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