FESA CONSOL

FlexSystem

Tagging

Tagging AVESTA represents a group of users they are working within a computerized environment knowing that automation of tagging computing supported by their computerized systems are far from perfect.

 

Tagging is everyday life you may use, for example

 Tagging of mp3 files with multiple classifications

 Tagging of photos associated with your friends (Social network)

 Tagging of documents within document management system

 

Tagging of each processing base on system-defined tags

 These system-defined tags including related information about who upload file with invoking processing on particular date/time and subsequent status of processing

 

Tagging of master records based on user-defined characteristics of each master record

 tagging a large number of master records including product codes, account codes, staff code and customer based on pre-defined characteristics of individual item

 long account code can be embedded with multi-dimension so user may want to decompose it to uncover useful information

 

Tagging of every changes in master records 

 Change in legal and management group structure

 Change in % of shareholdings

 Change in allocation ratios and amortization periods

 Change in product list prices and discount rates

 

Tagging of transactions based on user-defined characteristics

 any key word such as "loss", "worst“, “fail” and etc. as included in transactions can be tagged as pre-defined analysis code attributed to specific dimensions

 CRM is heavily implemented on tagging of sales data such as income group, age group, nationality, gender etc.

 

Computing issues

 No tagging may trigger computing issues of reporting despite you have obtained all relevant data for reporting

 Do tagging manually also trigger computing issues

 

AVESTA Related Articles

  

 Evolution of accounting model

 Postmodern accounting equation

 The rise of group consolidation & budgeting

 Evolution of advanced accounting automation

 Aggregation  Versioning  Elimination  Standardization  Tagging  Alert

 Evaluation of AVESTA computing issues

 Three progressive phases of implementation

 Finance Computing Framework