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. – February 23, 2022 – insightsoftware , a global provider of financial reporting and performance management solutions for the Office of the CFO, today announced The OperationalReporting Global Trends Report. Further, the volume and type of requests for operationalreports is rapidly increasing.
Our latest survey of finance team leaders and decision-makers from North America and EMEA reveals that manual financial and operationalreporting processes are seriously impacting the time these professionals can spend on analysis. Here’s a snapshot of what finance teams are juggling currently and what their future priorities will be.
Oracle provides a number of different tools for reporting against your Oracle ERP Cloud data. When you extract static data from your ERP system (or any other system, for that matter) to build a report or worksheet, you are building a past-tense picture based on a snapshot in time.
Finance teams are increasingly being asked for timely, recurring operationalreports to support day-to-day decision making. The most common challenges your finance team probably faces are: lengthy report creation time, existing tool complexity, and the inability to drill into transactional data. Download Now.
Interestingly, however, many project-based businesses like yours are not even close to achieving this level of reporting. A recent report by insightsoftware and Hanover Research highlights this issue, stating that 98% of operationalreporting professionals distribute reports as a static PDF.
When extracting your financial and operationalreporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. It provides consistency in data for reporting purposes, as you are working with snapshots of the data at a particular point in time.
Enhance Your Cloud Experience With Angles Enterprise for Oracle Cloud Applications Download Now The Burdens of Using On-Premises Data For your team, existing out-of-the-box reporting capabilities from your ERP can be a confusing mix of tools, techniques, and capabilities—especially for finance users.
That might be a sales performance dashboard for your Chief Revenue Officer, a snapshot of “days sales outstanding” (DSO) for the A/R collections team, or an item sales trend analysis for product management. Download Now. Ideally, your reporting tools should make that exploration process as simple and intuitive as possible.
Score Oracle EBS Data at the Speed of Light Download Now Modernize Your Oracle Finance Processes with Automation Financial reporting shouldn’t be a tedious exercise in spreadsheet manipulation. Limited Visibility and Insights : Static reports offer a snapshot in time and fail to capture the nuances of your financial performance.
That undermines confidence in the finance team’s ability to produce accurate reports, and it can ultimately lead to bad business decisions. There is yet another problem with manual processes: the resulting reports only reflect a snapshot in time. Spreadsheet Server: Financial reporting from insightsoftware.
To achieve excellence in financial reporting and storytelling, you’ll need a set of tools specifically designed to support that mission. The Narrative Behind the Numbers - Utilize Technology to Uncover and Share a Hidden Story Download Resource How to Educate and Inform With Financial Storytelling Financial storytelling educates and informs.
To achieve excellence in financial reporting and storytelling, finance teams need a set of tools specifically designed to support that mission. Download Now. The reports created within static spreadsheets are based on a snapshot of reality, taken the moment the data was exported from ERP.
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