General Ledger Explorer |
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Quickly organize, summarize, and investigate traditional general-ledger data
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The General Ledger Explorer analytics accelerator allows users to quickly organize, summarize, and investigate traditional general-ledger data (actual and budget) to see and understand variances and take action as needed to improve financial performance. ![]() The General Ledger application provides a single source of truth to identify and analyze financial performance and support sound management decisions. The problemTo make informed decisions about employee productivity, supply utilization, and other areas that have a direct impact on a hospital’s bottom line, leaders need quick access to a blend of financial and operational data. Yet, these data types are often housed in separate subsystems—creating a challenge to pull together accurate data, analyze budget performance variances, and share results efficiently to guide decisions. Our approachGeneral Ledger Explorer provides actionable visualizations of general ledger data (actual and budget) and an interactive variance analysis feature that allows users to identify major variances within the cost center hierarchy and account hierarchy. The result? Users have easy access to timely, accurate financial data for better insight and wiser management. Benefits and features
Use casesOne hospital system’s leadership and operational managers had become increasingly frustrated by their inability to get timely data or access an accurate view of their current variances; as in many systems, their data collection and analysis was a manual process requiring coordination across multiple departments and systems. By implementing General Ledger Explorer, these leaders gained access to integrated financial and operational data as soon as it became available—and the ability to conduct reliable and timely trend and performance-variance analysis. These leaders can now identify issues much sooner, drill down to understand the cause of a variance, and take corrective action. |
Intended users
Potential data sourcesFinancial subsystems, such as Payroll and Accounts Payable/Receivable Success Stories
For examples of how customers have used Health Catalyst products and services to
improve outcomes, see our
success stories at healthcatalyst.com.
Contact usFor more information on how Health Catalyst products and services can help your organization, please contact us:
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