Real-time Financial OLAP
Real-time Financial OLAP (for OLAP see also Online Analytical Processing) is a special form of data modelling and analysis for multidimensional accounting. Real-time Financial OLAP requires a specialised financial data warehouse. All calculations and analysis take place in real time and thus allow a much more interactive and efficient workflow.
Due to complex business interrelations in accounting, real-time financial OLAP places special demands on the underlying database; as a result, for technical reasons, it cannot be implemented based on classical relational or multidimensional databases.
Therefore, LucaNet has developed an innovative server and database technology with LucaNet.Financial OLAP Server, which is specially tailored to Financial Intelligence, enabling calculations and analyses to be made in real time.