This article is intended for: Administrators of the Disclosure Studio.
Use this article after: You want to learn more about how data is managed.
At its core, the Multi-Dimensional Financial Model (MDFM) is a modifiable data engine designed to transform raw accounting information into clear, actionable reports. Think of it as a high-powered lens that allows you to view your financial data from any angle, ensuring it meets both your internal needs and external regulatory requirements.
What Makes it "Multi-Dimensional"?
Traditional financial reports can often feel static or rigid. The MDFM allows you to compare and splice data according to any dimension, which is any possible row or column on a report. The MDFM can be configured to fit your reporting needs exactly. Once you have set the reporting structure, this will remain in place for every fiscal year until you make changes to it, saving you time in the long run.
This flexibility ensures that your data is not just a list of numbers, but a dynamic tool you can manipulate to find the exact insights you need.
Where Does MDFM Data Flow?
The MDFM is used for:
- Standardized Reporting (ACFR, Budget Books, PAFR, and Quarterly/Monthly): For the Annual Comprehensive Financial Report, the MDFM streamlines the process using standardized templates.
- Customized Reporting: You can shape the data to tell your organization's specific financial story.
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