Comparing quarterly numbers should be easy.
But every finance manager knows -- the inconsistencies of any analysis against a standard calendar when every quarter has a different number of days than the last – costs time, money and headaches for their departments, and can make delivering an apples-to-apples comparison of financials by quarter way more difficult than it needs to be.
So for example, I’m the CFO of a company, I need a fiscal calendar to report consistent results quarter over quarter or year over year. I’ve chosen a 4-5-4 calendar, but I want to run an analysis on performance on the current period versus the relative date of the prior year.
The only way to get the information I need – and get my benchmarks perfectly aligned – is to have a fiscal calendar that compares the same number of days from the current quarter to the same quarter of the prior year. Under the constraints of standard calendar reporting – this accurate comparison is impossible without manual intervention.
That’s where we come in.
At Mondo Analytics, we’ve developed a free, fully automated financial calendar data-as-a-service available at the Snowflake Data Exchange marketplace that allows financial managers to get an accurate and fully automated financial report, no matter where they are in the current reporting period.
The variations of calendar we’ve automated include:
· A standard fiscal calendar
· 4-5-4 calendar
· 5-4-4 calendar
· 4-4-5
Additionally, these calendars contain every analytics trick we've ever deployed to our customers including:
· Different date formats YYYY/MM/DD
· Day of the week (Mon, Tues, Wed, etc)
· Flags for Week-to-Date versus Last-Week
· Flags for Year to Date
· Flags for Holiday's
· Current Day Function
And the list goes on and on. If you would like to review all of the features, please check them out on our website.
Whether you’re a retailer or manufacturer or even a b-to-b technology company – where period over period reporting of sales, inventories or cost numbers are critical to accurate forecasting and purchasing decisions, our automated calendar tools, will save you time, money and hassle.
All four of these calendars are free to Snowflake customers. We expect this will provide enormous time savings and value to both finance and information technology departments as this is just the beginning of being able to help our customers take another step towards being data driven.
If you would like to sign-up and be a data driven customer, please feel free to check out our data offering as well as all of the other Snowflake Data Exchange offerings on the data exchange website.
Finally, if you’re looking for a strategic partner to help analyze and create technology solutions to save you time and money and help drive business growth, contact Mondo Analytics for a free strategy review.