In the dynamic landscape of financial planning and reporting, staying ahead of the curve is essential. IBM Planning Analytics users are no strangers to the need for cutting-edge solutions, and the introduction of Hierarchy-Aware (Universal) Reports is set to redefine the way you interact with your data. In this blog, we’ll explore five key features of Universal Reports that are revolutionizing the Planning Analytics experience.
Universal Reports possess an innate understanding of the hierarchical structure of your data. This unique feature empowers users to create complex reports that acknowledge the relationships between data points. It’s a game-changer for those who need to work with multi-dimensional data, making it easier to generate insightful reports that accurately reflect the underlying structure.
Achieve unparalleled flexibility through parameterization. Universal Reports uses named ranges and named range schemas to facilitate easy and dynamic adjustments within your reports. This feature simplifies the process of adapting your reports to changing business needs, reducing the time and effort required to maintain up-to-date financial documentation.
Unlike its counterpart, Dynamic Report, Universal Reports supports cell-based insertion. This feature allows you to toggle rows and columns, even when multiple Universal Reports are on a single sheet. The result? A more versatile reporting system that adapts to your specific requirements without limitations.
Universal Reports take formulas to the next level by recognizing not only individual members but also their positions within the hierarchy. This enhanced formula intelligence empowers you to perform advanced calculations, considering the broader context of your data. Whether you need to work with leaf members or the entire data tree, Universal Reports has you covered.
Universal Reports offers the ability to manipulate data, altering the scope and appearance of your reports as needed. You can even apply Excel’s conditional formatting to customize your reports further. This feature allows for greater data control, ensuring that your reports convey the precise information you require.
As you explore the world of Universal Reports within IBM Planning Analytics, you’ll find a tool that not only enhances your reporting capabilities but also streamlines your financial planning processes. Schedule a call with our expert, Bill Carr, to unlock the full potential of Universal Reports and gain insights on optimizing your Planning Analytics experience. Stay ahead of the curve and leverage these five key features to take your financial reporting to new heights.