Centralized Storage and Retrieval

Storage and retrieval is often difficult to control with all the runtime data and reports being generated during a typical period-end close.  FPA Analysis and Archiving provides a centralized location for reports generated during the close, regardless of the system or application that produces them.  It supports corporate record retention requirements for internal control and compliance purposes.  Reports can be secured for future access by authorized users during internal and external audits.

Continuous Improvement of Close Performance

FPA  Analysis and Archiving also captures financial close runtime data for post-close analysis and reporting.  A robust set of capabilities for analyzing closing task runtime performance can help to set benchmarks for comparison between entities and enable continuous performance improvement throughout the organization. 

Custom Searches

FPA Analysis and Archiving saves users time and effort in locating the information they need. Reports can be indexed so users can search the reports for specific values even if they do not know the exact folder location or type of report.

Flexible File Formats

Extracting data from a text-based report to an editable format for analysis does not have to be a cumbersome process. With Analysis and Archiving, an entire report or specific parts of it can be extracted into Excel spreadsheets, PDF, HTML and other popular file formats to speed up the report analysis process. 

Sensitive Data Control

No more worrying about sensitive information in reports. You can control access to sensitive information by applying rules before publishing a report. For example, if only certain individuals should have access to payroll information, fields containing sensitive data can be replaced before the report is published to maintain information security.

Audits and Compliance

FPA makes audits easier. Audits often require a list of documents and associated access information.  Analysis and Archiving ensures that a complete history of document-centric activity is maintained, making unauthorized access easier to detect and compliance audits quicker and easier.  With its flexible advanced functionality, the Analysis and Archiving capability of Financial Process Automation uses secure and reliable data access and storage and comprehensive audit trails to make the financial close easier.