Fast and user-friendly statement set up and modification. Vivid Reports works with the account structure and segments as defined in your accounting system’s chart of accounts. Vivid Reports supports drag-and-drop from your chart of accounts and segment lists making it a snap to define your reports. You can quickly build reports and statements and then filter your information across any of your segments. You can easily combine and consolidate statements and then drill back through your reports right to the transaction level. Unlike other reporting systems Vivid Reports lets you change and select statements and filters directly from Excel. This gives you real time access to your information and how you want to view it without having to jump to other programs.
When you are defining your reports you can perform statement verification tests to show accounts that are omitted and accounts that may have been accidentally included more than once. With these two tests you can be confident that your statements are accurate. Subtotals are defined right on the report in Excel using Excel’s sum or subtotal functions. It couldn’t be any easier than this. This eliminates the need to constantly maintain and check sub-total lines when new lines are added.
The column filters you define can be any combination of segment values, plus the fiscal year, data type (actual, budget, statistical, etc), period type (YTD, Change, Quarter, Half, Open), and accounting period. There are no limitations on how you can filter your General Ledger. You can then define additional calculation columns such as variances, percent of sales, dollars per item sold, etc. using Excel’s built in functions. Take advantage of all of Excel’s powerful features from formatting to charting capabilities since this is the reporting environment. You control what you want to see using Vivid Reports filter control that allows you to instantly apply different filters and enable rapid transition from one report, business unit, or filter to another. Only the Vivid Reports cells are updated from your database allowing your Excel functions to recalculate on the newly generated information.
Vivid Reports allows you to control when you synchronize with your accounting system. You can therefore continue to post entries to your system while you analyze a static ‘snapshot’ of your accounting information at the date and time of the last synchronization. This can be accomplished because Vivid Reports has its own database that is separate from your account system and this also improves reporting performance.
Several analysis features exist in Vivid Reports. You can instantly compare any two columns on your report and find rows with variance exceeding thresholds limits that you specify. You can then select another filter to view a different business unit and instantly apply the same analysis to that statement. Vivid Reports will find the variances for you and you can click on those lines to drill-down right to the underlying transactions. The drill- down capability is amazing and it uses the same statement specifications already defined to find the underlying information without any extra set up required by the user. Sort your drill-down results any way you like or send them to another Excel workbook for further analysis, printing or e-mail. Vivid Reports offers many ways to analyze and drill into your information. You have the ability to drill both down and across transactions to other areas of your accounting system such as accounts receivable or accounts payable ledgers. Vivid Reports contains an account query tool that lets you query your accounting information by any dimension and send the results to Excel.
Supports multiple currencies and will store separate conversion rates for each data type (actual, budget), fiscal year, period, and account range that you define. Will also convert using balance sheet or income statement methods.
You can restrict the account ranges and segments that each user can access and view. This lets you deploy Vivid Reports to anyone in your organization who needs access to the General Ledger information and reports while giving you full control over what each person is allowed to see. Each user will be required to log into Vivid Reports to connect to the server before they can refresh the information or drill-down.
Vivid Reports is completely web enabled. You can access your financial information over the Internet and this allows you to easily distribute and access reports from anywhere within your organization. (You need to enable IIS and should have a VPN to encrypt and secure any connections being made over the Internet).
Designed as a Microsoft Excel add-in it is very easy to learn and use and you can take advantage of all of Excel’s functionality. The entire Vivid Reports user interface is accessible right from Excel so you do not have to flip back and forth between different applications of your accounting system and waste time exporting everything to Excel. With Vivid Reports your information is already in Excel and you only have to format each report once.
If you are already familiar with Excel then there is very little you need to learn to get up to speed with Vivid Reports and you can take advantage of all features and functions available in Excel when working with your statements and financial information. If you know how to format a worksheet in Excel then you can use that knowledge to format your Vivid Reports.
Fast and user-friendly statement set up and modification. Vivid Reports works with the account structure and segments as defined in your accounting system’s chart of accounts. Vivid Reports supports drag-and-drop from your chart of accounts and segment lists making it a snap to define your reports. Vivid Reports has built in statement verification tests that you can run to show you accounts that have been omitted and accounts that are included more than once.
When you are using Vivid Reports you have access to all the information stored in the general ledger of your accounting system. You can quickly bring in information from any fiscal year or period, actual or budget. All of your information is at your finger tips and the way Vivid Reports works you do not have to manage huge spreadsheets with multiple worksheets or complex formulae.
You use column filters that make it very easy and efficient to control exactly what you want to show in each column of your report. The column filters you define can be any combination of segment values, fiscal year, data type (actual, budget, statistical, etc), period type (YTD, Change, Quarter, Half, Opening Balance), and accounting period. There are no limitations on how you can filter your General Ledger.
Vivid Reports has its own database that has been optimized for reporting, making reports refresh quickly and seamlessly. This puts less demand on your accounting system’s database when reporting and allows you to view your information in static ‘snapshots’ while analyzing.
Low Total Cost of Ownership (TCO). We charge reasonable license, maintenance and training fees. Our annual maintenance includes updates and upgrades to future versions. The training costs alone for some competing products such as FRx can cost more than the license fees for Vivid Reports. Training on Vivid Reports if required at all never takes more than a day and can be done in as little as two to three hours. The reason is that it is easy to use, intuitive, and is based in Excel. Numerous clients have begun using Vivid Reports with little or no training at all.
High Return On Investment (ROI). Vivid Reports can often pay for itself in as little as a month. Some companies using Vivid Reports have been able to shave up to two weeks a month off there reporting cycle and the time that is saved can be used managing your business. You get more accurate statements that do not consume a lot of time to create, maintain, or reconcile. The analysis features alone can help you see trends, spot variances, identify duplicate payments, coding errors, etc. and all very efficiently.
There is a statement analysis tool that will quickly search a statement looking for variances that meet threshold criteria that you set. The lines that exceed the variance thresholds are highlighted for you making it a snap to analyze statements for an entire organization. You can instantly switch between different companies, business units, departments, or branch statements and analyze each. However you segment your accounting information in the G/L Vivid Reports can let you use this to quickly switch statement views.
There is a built in currency table that allows you to track multiple currency conversion rates by period. You pick the range of accounts that each rate set is to be used with for each currency you use or want to see. This gives you full control over your currency conversion needs during reporting.
A user access module lets the administrator restrict user access by account and account segment. The benefit here is that you can push Vivid Reports out to the various information users in your organization. All you have to do is send an e-mail when the information is ready and each user can log in and see only what they are required to see. You don’t have to waste time sending out huge files or running complex distribution routines. The users can also drill into the information or use the other analysis features. This often results in each user or manager answering a lot of their own questions and reducing calls to the accounting department.
Vivid Reports is fully web connected so you can access your information and reports from anywhere.
Reviews of Vivid Reports Write a Review
An anonymous Vivid Reports user says...
The solution is simple and inexpensive, the partner we were connected with did good demos. We are just about to implement the solution