Saturday, May 20, 2006

CFO Portal using BIRT and JSF

The Balance Sheet and the Statement of Income are essential, but they are only the starting point for successful financial management.

Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of any business. Ratio Analysis enables the business owner/manager to spot trends in a business and to compare its performance and condition with the average performance of similar businesses in the same industry.

The best tool to get financial analysis is a Financial portal. Using JSF (JavaServer Faces), JSP (JavaServer pages) and BIRT (Business Intelligence and Reporting Tools), it is very easy to develop a scalable Financial portal to satisfy any type of business.

JavaServer Faces (JSF) is a framework for building Web applications using Java. JSF provides the following main features:
1. Standard user interface components like input fields, buttons, and links
2. User input validation
3. Easy error handling
4. Java bean management
5. Event handling

JSF synchronizes input with application objects. JSF components eliminates the hassle of maintaining state. It makes it easy to develop web applications by bringing support for rich, powerful user interface components for web development.

Unlike desktop applications, web applications should work on multiple clients, JSF has a powerful architecture for displaying components in different ways. It also has extensible facilities for validating input.

The goal of JSF is to make web application development faster and easier. It allows developers to think in terms of components, events, backing beans, and their interactions, instead of requests, responses and markup. It masks a lot of complexities of web application development, so that developers can focus on building applications.

The JSF library is a framework, for creating web applications quickly and easily. The library shields the developer from writing complex code to process the request from a HTML form. JSP can be used to display information directly from a database residing on the server, without the database naming conventions being available to the viewer. It also allows ease and speed in accessing the database information.

Business Intelligence and Reporting Tools (BIRT) is an open source-reporting tool to graphically design and test reports, charts and drill-down reports and interactive charts. BIRT 2.0 adds large persistent reports with page-on-demand for end-users. It also extends the web-style drag-and-drop report development paradigm with new analytical report types, expanded charting facilities, and debugging facilities for Java as well as JavaScript scripting. BIRT can be used for generating Reports and charts quickly. Hence this combination can be used to deliver a highly scalable, secure Financial portal quickly satisfying any kind of business.

Liquidity, Leverage, Profitability, and Management Ratios allow the business owner to identify trends in a business and to compare its progress with the performance of others through data published by various sources. The owner may thus determine the business's relative strengths and weaknesses. The ROI is perhaps the most important ratio of all. It is the percentage of return on funds invested in the business by its owners. In short, this ratio tells the owner whether or not all the effort put into the business has been worthwhile. Important Balance Sheet Ratios measure liquidity and solvency (a business's ability to pay its bills as they come due) and leverage (the extent to which the business is dependent on creditors' funding).

JavaServer Faces (JSF) is a user interface (UI) framework for Java web applications. It is designed to significantly ease the burden of writing and maintaining applications that run on a Java application server and render their UIs back to a target client. JSF provides, ease-of-use in the following ways:

1. Makes it easy to construct a UI from a set of reusable UI components
2. Simplifies migration of application data to and from the UI
3. Helps manage UI state across server requests
4. Provides a simple model for wiring client-generated events to server-side application code
5. Allows custom UI components to be easily built and re-used

The development of newer, richer Web applications, often referred to as rich Internet applications (RIA), provides the user with a much more vivid experience that is similar to desktop applications. Gone are the days of constantly having to refresh the entire page for each transaction. The key to providing this much richer end-user experience over the Web is the AJAX approach. AJAX by itself provides a superior end-user experience. AJAX allows a Web client to make requests in an asynchronous manner to the server, independent of the end user submitting the entire page. In addition to greatly improving the user interface interaction it also allows for a more sophisticated event model where interactions are based on specific UI events as opposed to a simplistic HTTP GET or POST event where the entire page is refreshed.

Using JSF and BIRT it is easy to provide a unified solution for the whole of enterprise reporting requirements from a single application and user interface. Also provides consistent, timely, and accurate reports from both a financial and operational perspective. BIRT reports are exceptionally easy for end users to create, modify and publish to Identify trends, opportunities and weaknesses through rich analytic analysis. Provides ability to create boardroom quality reports for ease of understanding and professionalism. Delivers secure web-based reporting that scales to thousands of business users, making it very easy to publish and share reports in centralized fashion.

BIRT and ERP Applications

1 Comments:

Blogger kelly jones said...

Very informative and useful content Thanks.
CFO

2:50 AM  

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