Better Information Enables Better Management – Business Intelligence

Business Intelligence 'If I had known, I would have acted sooner.'  Business success is often dependent on the right information at the right time.  For this reason, IDEAS has developed a suite of business intelligence applications that deliver real-time performance data.

IDEAS Business Intelligence (BI) provides anywhere, any time financial information, a flexible and powerful, multi-dimensional reporting tool and real time alerts and charts.  BI modules include:

• Business Intelligence Dashboard
• Visual Report Writer
• Electronic Report Distribution

IDEAS Business Intelligence Dashboard provides the power to interconnect disparate data sources without the need to build large data repositories and results in intuitive targeted delivery of actionable information to all levels of an organization.

IDEAS Business Intelligence enables you to:

Record the Business

• Track statistical data for any account to provide cost/production unit or expense/person
• Design reports with complete flexibility as to format, content and calculations
• Access the IDEAS Financial Data Warehouse to report in any currency and any type of data
• Use hierarchical reporting structures to report multiple views of the data, including different charts of accounts, different organizational structures and “what-if” scenarios
• Prepare detailed reporting, exception reporting, responsibility reporting, trend analysis and more.
• Combine financial, statistical, budgetary, commitment information into single reports
• Include any time period or aggregate time period (quarter, last year, since inception and more)
• Speed the accounting process by creating journal entries directly from report content
• Share information by publishing standard reports for web access
• Provide web-based reporting for better information.
• Monitor key performance indicators, scorecards, operations with real time charts
• User-defined alerts for “as it happens” notification

Manage the Business

• Slice and dice reports by any dimension for greater insight into the business
• Let managers know when something is happening versus what happened in the past
• Binging the right information to the right people at the right time
• Solve problems at the asset or regional level, in the areas of field operations to help lower hydrocarbon lifting costs and land
• From a Sarbanes-Oxley compliance perspective, CEOs and CFOs need Business Intelligence to provide them information from various data sources so they can determine "a single version of truth" and sign off on their company's financial statements