CMIE’s database on financial performances of companies is valued by users
due to its reliability, accuracy and standardisation of data captured
from the financial statements of companies. It is relied upon and trusted
by banks, chartered accountancy firms, corporates, stock broking houses,
educational institutions and academic research institutions.
Users of CMIE’s Prowess desktop installation have been
asking for a facility to trace values of financial
indicators back to the annual report. They sought a link between the numbers
in the Prowess database application and the numbers in the annual reports of companies. This link has been provided
in ProwessIQ through a facility specially developed for this purpose. The
facility has been developed to serve the dual purpose of giving a quick break-up of the constituents of indicators
and of tracing back the values of indicators directly to the relevant page or
pages of the annual report of the company. This brings in a very appropriate understanding
of the data as well as transparency with respect to the sources of the values.
Effectively, ProwessIQ has taken a step to further strengthen the implicit
trust and reliability of the users in its database. To provide confidence about the data to
the user through complete transparency, ProwessIQ offers a tool which
helps the user do the following:
- It provides the precise page number of the Annual Report from which the value of a particular indicator was sourced/computed.
- It provides details such as the prompt/text of the value in the Annual Report.
- With a simple click it takes the user precisely to that page
of the annual report from which the value or values were sourced.
This tracing to the page of the annual report is available for all
the constituents of that indicator.
- It provides the computation of an indicator with the value of all its constituents.
The tool is christened ‘Expression Explorer’ in ProwessIQ.