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SAVING TIME 

Your reporting time reduce to a click of button

Your reporting time reduce to a click of button

In business, the ability to report on any part of the business is important. Reports are reflections of where the business stands, in any area of a company. Every business needs to do it, therefore does it and we all know that technology is ever changing. Reporting has come so far along already that together with the ability to automate the accounting process through accounting packages, the fact that you will almost definitely be able to get some kind of reporting functionality from that accounting package is old news. 

Many businesses depend on these reports, even though they are standard and not very flexible. When much more detail is needed out of them, financial managers need to create and develop reports themselves. This could take hours, even days and its notorious reputation makes it seem like a tedious nail biting event for some financial managers every single month. Many businesses find that they have to make use of more than one system just because of the nature of their business. A logistics company may need to use a Dispatch Management System (DMS) to manage their fleet of vehicles and to track orders throughout their delivery process. 

They would also use an accounting package to record transactions taking place and manage those transactions throughout the accounting process. With each system, they were designed to serve a unique purpose. 

The one’s purpose different from the other. In some cases these two systems can integrate with one another to serve a bigger common objective and this is great. But when it comes to reporting, a common problem that these businesses face is that none of them were designed to provide reports as a main priority.

This process is made up of pulling data from one or multiple systems, then using that data to create and develop reports to the way it is needed or the way management wants to see it. Even in developing these reports, we’re talking about copying and pasting figures, doing vlookups or hlookups, many formulas and eventually ending up with loads of unnecessary sheets if not different workbooks. These are all real scenarios I’ve come across in my experience and that’s not all. In between some of these activities, checking is vitally important, making sure that mistakes are identified and corrected before submitting these reports to management and the directors.

This doesn’t have to be this way and no financial manager needs to be subjected to this laborious task. With our solution, we build a connection to the source of your data, whether it be one system or multiple systems. We also design customized reports in the form of dashboards, which could be made of what you need to see regularly and when you need your reports updated, it’s only a matter of hitting the “refresh” button. This takes away the task of having to pull data from your system/s. It takes away the effort of having to format your data and it eliminates human error. Because this is an Excel Workbook, your ability to draft ad hoc reports is simple.

No longer will you have to go and look for data so that you can answer question on the spur of the moment, nor will you need to spend unnecessary time on building custom graphs. It’s accessible in seconds, quick and easy to accomplish. We encourage that finance leaders spend less time developing reports and more time analysing them, which is where they can really add value to the business. Gathering insights from their reports is what we believe gives them the ammo to drive valuable business decisions and take their business to the greatest of heights. We believe that when people are given the space to truly focus, the extra-ordinary work happens.

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