WEBVTT

1
00:00:02.465 --> 00:00:11.875
Unlike traditional hierarchies structures that are rigid in nature, CCH Tagetik's Time Dependent Hierarchies provides the additional flexibility finance users need 

2
00:00:11.876 --> 00:00:18.000
to be able to model organizational changes and restructures. Let's take a look at a quick example.

3
00:00:18.001 --> 00:00:30.698
Before modeling any reorganizations we can use the simple revenue analysis report to view the current situation and in fact I can break down total product revenues by individual products families

4
00:00:30.699 --> 00:00:40.810
and I can confirm that right now there's no difference between either my time dependent or non time-dependent view. However, if I want to start modeling, I want to start reorganizing for instance 

5
00:00:40.811 --> 00:00:50.000
which products roll up into which product families, I can quickly access my product hierarchy and on the left-hand panel I can quickly see the actual structure of my hierarchy

6
00:00:50.001 --> 00:00:58.933
where I break down software, hardware and electronic components into subcategories. However to actually see the individual products that roll up into 

7
00:00:58.934 --> 00:01:08.345
'home software' I need to quickly point my hierarchy to a specific year, like my 2018 budget for the month of January and by simply clicking on 'home software'

8
00:01:08.346 --> 00:01:19.000
I can now see all of the individual products that roll up into that family. And since our modeling and changing needs to be effective point in time what I can actually do is grab any of my different products

9
00:01:19.001 --> 00:01:27.168
such as games, software utilities or in this case multimedia player and I can drag it over from the 'home software' division into the 'components' 

10
00:01:27.169 --> 00:01:36.571
subcategory and through the simple drag and drop exercise, I've now made an organizational change that I can simply reflect right back in my same reports 

11
00:01:38.412 --> 00:01:43.897
and right away, both from my analytical tables as well as my graphs, we can see that change in real time.