Your valuable business data can be uploaded to the Master Data Repository directly through CSV files or Excel sheets. CedarHub lets you create ‘Locks’ for volume and financial data over a certain period (monthly / yearly) and these Locks can be compared with each other. Lock comparison provides a clear overview of the volume and financial performance of a business and helps to achieve a better forecast. It enables organisations to analyse and reconcile brand data and performance in a more efficient manner.
Different types of Lock Comparisons within CedarHub:
1. Current Period Vs the Previous Period
2. Next Year Vs Current Period
3. Current Period Vs Previous Year
4. Next Year Vs Next Year-1
Not only this, but CedarHub also has an in-built Application Programming Interface (API) for Power BI; so, data analysis and visualisation can be done very quickly. The financial success of any business depends on financial analysis and reconciliation; when you have the right tool, you are halfway there.