Signals Overview

Once you apply the selected criteria, the Signals Overview page is displayed. The Signals Overview page has a comprehensive look & feel. The following is a list of the features in the Overview page:

• You can apply filters to the Signals from a drop-down menu at the top of the page. The filters can also be hidden by clicking on the Hide Filters toggle switch.

• You can see donut charts of the Total number of GL Combinations processed and the count of GL combinations having High Risk signals, Medium Risk signals, and Low Risk signals.

  Note:

  The color to denote the Low Risk signals has been modified from yellow to a sea-green shade.

• Implemented Total Impact and Peak Impact.

  • The Total Impact represents the total dollar impact for all the month-wise signals of a specific GL combination for the selected fiscal year. For a single GL combination, there could be different Signals with different risk categories. The variances of all those Signals based on the upper range and the lower range (for Signals below the lower range) added together give the Total Impact. Total Impact essentially is the total variance of Signals for a fiscal year.

  • The Peak Impact represents the dollar impact for the highest signal available (the one with the highest variance) for a given GL combination for the selected fiscal year.

  • The Total Impact and the Peak Impact are not associated with the Risk Levels.
    For example, for a given GL combination and fiscal year, there could be a medium-risk signal in June having a higher dollar impact than a high-risk signal in December with a lower dollar impact.
    Let us say, the actuals for all the Decembers across the previous years are within the $1000 to $3000 range. In this case, even $5000 could also be a high-risk signal. Whereas, for June, the actuals are usually very high and range from $500,000 to $1000,000. Then, even a medium or low-risk signal that is slightly off the normal range could have a much larger dollar impact than the high risk in December.

  • Comparing Total Impact and Peak Impact :
    When we consider the Total Impact, the presence of multiple low dollar impacts averages out the one or two high dollar impacts. So here is where Peak Impact helps you identify those anomalies that could be a result of typos or fat-finger errors. While Peak Impact captures the fat-finger error cases, the Total Impact captures cases that are not planned well or are planned with conscious changes in planning assumptions, etc.
    For example, in situations where the business has taken a conscious planning change and allocated a higher budget for a GL combination for the selected fiscal year, there is a possibility that all 12 months have low-risk signals, and the total dollar impact is also a decent number, say $80,000. This number could deprioritize a fat-finger error case for a different GL combination in March. The month of March has just one Signal where the numbers range from $6,000 to $10,000 and there is a signal because $60,000 was input instead of $6,000. This will be captured by the Peak Impact and help you analyze these issues.

  • For a specific selection criteria, you must sort both the Peak Impact and the Total Impact to get the topmost relevant signals.

• Displays Severity of each GL combination in a dedicated column beside the Total and Peak Impacts.