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What is a periodic time frame in an analysis?

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Summary

MindBridge's general ledger analysis is offered using a full, interim, or periodic time frame. This analysis runs our advanced suite of AI techniques against the provided general ledger data to find outliers, anomalies, errors, inconsistencies, and other forms of financial and operational risk.

The periodic time frame also lets you access the Risk monitoring dashboard so you can track transaction and process risk over time.

Note: The periodic time frame and the associated Risk monitoring dashboard are disabled by default in the library's analysis configuration, and must be enabled by an App Admin before they can be accessed by your team.

When should I use a "periodic" time frame?

During analysis creation, select the periodic time frame when you want to analyze and monitor periods of general ledger data on an ongoing basis, such as monthly, or quarterly.

For example, using a monthly periodic analysis, you could import a month of data and run analytics on it, then import the next month of data and run analytics again to see the period-over-period changes. Ideally, you would keep importing and analyzing data until the end of the analysis period, at which point you can roll the analysis forward and continue with the same process the next year.

Learn more about the periodic general ledger analysis

Tip: MindBridge recommends importing at least 6 months of prior period data for the best analysis results.

What is a periodic analysis


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