Introduction

When you want In order to analyze the variance between two categories Categories for a number of accounts you can use this document to create a reportAccounts the Financial Statement template should be used. With reports based on this document you template, the user will be able to see the trend in the two categories Categories and see which analytical dimension member and entity is causing this differenceanalytic dimension members are causing variances. This template is often used for P&L, balance sheet or for instance cash flow Profit and Loss, Balance Sheet or Cash Flow reports.

You can view a typical P&L report with P&L accounts A typical Profit and Loss report with Profit and Loss Accounts is presented in the screenshot below. The variance Variance column will give you gives an indication of accounts Accounts that need require attention. When you click on one of these accounts you can analyze this account Accounts is selected, the user can further analyse the selected Account on the right side of your the screen. Here you can see what the The trend of the account is. But you can also see what Account is displayed here as well as a breakdown by another analytic dimension. This allows the user to see the main causes for the variance are - for example, a specific entity product combination.

Custom Dimensions: The CXO-Cockpit will for instance recognize for the end users that an account like Sales in a P&L report is linked to a number of custom dimensions within the HFM application. The users of the CXO-Cockpit do not need to understand these custom dimensions or where they come from because the CXO-Cockpit translates these custom dimensions into sensible labels for end users like Product, Entity, Customer or Channel. This way a user of the CXO-Cockpit only needs to understand his or her business (and not HFM or Hyperion Enterprise) to get instant insight into key financial information displayed this P&L report. You can also see the communication possibilities at the bottom of this screenshot. This comment box at the bottom will be automatically created for you when you start building a new report in the CXO-Cockpit.

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What is shown in this example in this Entity and Product combination.