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For many larger firms, prior
period adjustments represent a significant hurdle to accurate
reporting of month-end statistics. Simply put, Elite has no mechanism
allowing firms to recreate exactly what
the state of the Elite tables were at any month-end. Currently,
firms needing to accurately go back in time must resort to costly
extra servers, backup and restore procedures that are difficult
to maintain and execute without the aid of professional IT staff.
IntelliStat has been designed to 'snapshot' month-end information
for accurate month-to-month comparisons. But even with IntelliStat,
there are times when a previous month must be 'rolled back' and
reconstructed. When the reconstruction is performed on the 'current'
Elite database, the numbers in the IntelliStat warehouse can vary
from the numbers originally calculated due to prior period adjustments.
The Vault was created to solve this
problem. With the Vault, the entire set of Elite tables can be archived
and saved in compressed form. A browser-based vault console allows
an administrator to archive and restore Elite generations on the
IntelliStat server so prior IntelliStat periods can be reconstructed
from the Elite tables exactly as they were
when the original period was built. Both 'off-line' and 'on-line'
archive generations can be saved. When the archive is 'on-line',
switching back and forth between prior month-end generations is
virtually instantaneous.
Benefits
- Accurate reconstruction of prior period statistics
- Key Elite month-ends can be kept 'on-line' for fast retrieval
and analysis
- The archived tables could be used as an emergency backup in
the event of a catastrophic production system failure
Return on Investment
- Expensive custom report programming to reconstruct history is
eliminated (this is a flawed strategy to begin with, since it
is impossible with the standard Elite architecture)
- Expensive and tedious IT backup and restore procedures are eliminated
- One archive restore to get the data back in the event of a catastrophic
production system failure would pay for the module many times
over
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