Category: (2) TAM Application Type
Application Identifier: 5.9.3
Maturity Level: 4
Financial Reporting applications provide customer financial data to downstream systems and processes.
Financial
Reporting applications provide data presenting summaries of the financial
activities of customer accounts. It includes a set of debt aging reports and
proof & balance reports. Furthermore, this application provides tax
information to Corporate Tax in support of tax compliance. Financial Reporting
also prepares account revenue details to be gathered into data warehouse to
facilitate decision support. Some of the data includes account number, dollar
amount, product / service, adjustment amount and payment amount as well as all
of the revenue and charges to be journalized.