Fusion + GL = GL3
By Joe G on Jul 19, 2011
For those of you that have forgotten algebra, GL3 is GL cubed, that's an Oracle Essbase cube to be precise. The idea behind incorporating the cube into Fusion GL was to give users the powerful multi-dimensional analysis capabilities, but wait, it's even better.....
The cube contains real-time balances. Meaning that when a journal is posted, the balances in the cube are updated. And not only the detailed balances, but the balances for all levels of the hierarchies over different dimensions too. In short, this means that there's no longer any processes needed to calculate summary balances. Oh, and, you can have multiple hierarchies or versions of hierarchies over any dimension, and they're all updated during posting.
Still not convinced? There's more.....Smart View, Financial Reporting, Allocations, Account Monitor, and Account Inspector all powered by cube.
Stayed tuned. Over the next few weeks, I'll go into more details around what makes Fusion Financials better and more on the power of the cube. In the meantime, if there's something that you would like to know, leave a comment and we'll put it on the list of topics for future posts.