8 Precursor to Analytics

Prerequisite Configuration steps to ensure that Financial Statements available at the Reporting Layer are correctly populated.

• Runchart Prerequisites
  Prepare the input data, mappings, metrics, and currency settings required before executing the Management Ledger and Instrument reporting runcharts.
• Financial Element Hierarchy and Mapping for Custom Hierarchies
  At the heart of all the reporting and analytics in PACS, lies Financial Statements – or most importantly the Income Statement. The other financial statement that is part of the Management Reporting dashboard is the Balance Sheet. At the core of Financial Statements defined within PACS are Financial Elements – in short FE’s. A Financial Statement, at its core is nothing but a hierarchical representation of Financial Elements. While PACS has seeded OOTB Financial Statements (Balance Sheet Hierarchy and Income Statement Hierarchy available from Dimension Management UI), it also allows banks/ customers to create their own custom variations of those Financial Statements. It is however recommended to use one version while analyzing at the same time the Income Statement for both Top Down (Management Ledger Reporting) and Bottom Up (Instrument Reporting) purposes.
• Functional Currency for Reporting
  To see the analytics reporting amounts in a preferred functional currency, there are some tasks that you need to perform at the Profitability Management Cloud Service (PFTCS) end, which is currently a prerequisite for the Profitability Analytics Cloud Service to be operational.