Variance Analytics
By gaining a complete visualization into such areas as payables, receivables, and the general ledger, you will make more insightful decisions after identifying what drives and takes away from profitability across the enterprise. Financial professionals, executives, and department managers analyze key line items from the general ledger and other financial statements to evaluate and improve overall progress toward your organization’s financial goals.
KBI Variance Details
KBI Variance Analysis allows you to report actual financial results to budget amounts through an interactive and friendly user interface. All reports are delivered through a browser and provide strong drill down capability with built in navigation to guide you through the report sets. With KBACE’s business intelligence solution, you will have easy access to the variance analytics needed to drive profitability and shareholder value.
Published Reports
Spanning all pertinent General Ledger categories including Labor Distribution, Accounts Receivable, Accounts Payables, Payroll, Fixed Assets, Inventory, Projects, 3rd Party, the variance module can assist users with:
- Monitoring labor distribution and inventory
- Tracking revenue, cost, and profit variances
- Examining financial variances by month, quarter, and year
Click here to view variance-related published reports in KBI >>
Advanced Search
Use KBI’s Advanced Search capabilities to view analytics that efficiently answer questions such as:
- Which divisions typically have the highest payables variance over what was initially budgeted?
- If we have a high revenue variance in the first quarter do we usually make it up by the end of the year?
- Which division consistently performs beyond the expected revenue budget?
- Which state has the greatest need for additional employees based on their labor distribution variance?
- Month-to-Date Budget Vs. Actual
- Quarter-to-Date Budget Vs. Actual
- Annual Budget Vs. Actual Company Summary
Click here to view a variance-related search in KBI >>
Ad-Hoc Reporting
Use KBI’s Ad-Hoc Reporting element to create your own specialized reports that meet the unique reporting requirements of any business. A sampling of ad-hoc reports available within the KBI Variance report model includes:
- Monthly variance reports by department and line of business
- Payables variance report highlighting expenses still to be paid
- Annual variance reports comparing results over the prior year
- Budget Vs. Actual for all accounts in an Organization
For a complete report inventory, please
view the KBI Variance Analytics Printable Datasheet 