Data may be reported in annual time granularity and higher

Description

Time granularity in the context of Corporate Performance Management (CPM) software refers to the level of detail in which data is reported over time. In particular, the requirement stipulates that data should be reported in annual time granularity and higher. This means presenting data in yearly intervals or in even broader time periods, such as in multiple years or decades.

Example Use Case

Scenario: A global retail corporation uses CPM software for its reporting needs. The organization needs to track its sales and growth performance over the years to make strategic decisions and future forecasts.

Solution: The CPM software provides options for annual time granularity and above. The sales data can be aggregated and presented in a yearly format, giving executives a high-level overview of the company's performance over large time periods. It can also provide data in longer time frames, like five or ten-year periods, for long-term strategic planning and trends analysis.

Considerations

Annual or higher time granularity offers a big-picture view but may not provide the same level of detail as quarterly or monthly reports. Make sure the product allows you to expand the time granularity into quarters and months if needed. Some products will allow this as a simple click that expands a specific year, or all years. However, there are products on the market that will present the Year as fixed, forcing the user to create even more reports to reflect the time granularity they need. That will become a maintenance challenge over time.

Questions to Ask a Vendor

• Granularity Levels: Can we drill into a year and see the breakout in quarters or months?
• Shifting Time: As time moves on, does the report change? Or do we need to add new years as time goes on?