Post by account_disabled on Mar 5, 2024 0:58:48 GMT -6
Financial reporting The Business Intelligence solution must provide visibility to the reading of the present, the analysis of the past and the prediction of the future thanks to immediacy. On the Lantares blog we have outlined several important factors to take into account that we compile below: The Methodology : Establishing the appropriate methodology prevents the dispersion of data and eliminates barriers to information . For example, regarding the budget, one of the integral parts of financial reporting, it must integrate the budgets of the various areas of the company to gain breadth and analysis capacity, determine the main instruments for monitoring deviations to optimize the performance of the solution, and optimally articulate parent/subsidiary reporting to delve deeper into the idea of integration and self-service. The 'What If' analysis : its essence is to consider what would happen if a proposal were put into practice before moving forward with it.
It consists of simulating results based on hypotheses and business variables, calculating possible business values based on drivers, and comparing the different simulated scenarios in a multidimensional way . Incorporating this dynamic into decision making allows you to increase the ability to simulate, minimize costs, save time and resources, work on the fly, increase adaptability and be more flexible. Risks are minimized while potential Chile Mobile Number List is increased. financial reporting A complete solution : the ideal solution should include: CPM (Corporate Performance Management) technology with its reporting functionalities, a flexible and user-friendly platform and an easy implementation process with an intuitive tool. If the technological platform is complete and covers the entire management cycle up to the generation of financial reporting, it is not necessary to integrate other programs, although there are always complementary options that may be interesting. An expert team : doubts or obstacles may arise on a day-to-day basisdespite having the best resources, so it is convenient to have a team of expert professionals who offer the necessary advice.
It is one of the keys to obtaining all the benefits that the tool and reporting can offer. The technological advisor must have experience in the implementation of different financial reporting models in their sector, experience and certification in financial reporting modeling tools, and be a functional and technical expert in the subject. Must be dedicated to working directly with the business user to optimize intended performance and promote better understanding of the solution. This results in greater quality and depth in financial reporting. The graphic presentation : as in all good quality work, we must also look for spectacularity in the first impression to make the content more attractive to the recipient. If he is not so expert, a good presentation will also facilitate understanding. The time of presentations may be limited to users who may find their attention diverted by other occupations. It is advisable to present the information in a clear, precise and exact manner with the support of graphs, tables and interrelated maps. It may also be useful to attach necessary and explanatory documents and be able to execute standard reports from the financial areas. With the indicated solution, the presentation of reporting makes it possible to create a collaborative organizational environment that breaks barriers of space and time.
It consists of simulating results based on hypotheses and business variables, calculating possible business values based on drivers, and comparing the different simulated scenarios in a multidimensional way . Incorporating this dynamic into decision making allows you to increase the ability to simulate, minimize costs, save time and resources, work on the fly, increase adaptability and be more flexible. Risks are minimized while potential Chile Mobile Number List is increased. financial reporting A complete solution : the ideal solution should include: CPM (Corporate Performance Management) technology with its reporting functionalities, a flexible and user-friendly platform and an easy implementation process with an intuitive tool. If the technological platform is complete and covers the entire management cycle up to the generation of financial reporting, it is not necessary to integrate other programs, although there are always complementary options that may be interesting. An expert team : doubts or obstacles may arise on a day-to-day basisdespite having the best resources, so it is convenient to have a team of expert professionals who offer the necessary advice.
It is one of the keys to obtaining all the benefits that the tool and reporting can offer. The technological advisor must have experience in the implementation of different financial reporting models in their sector, experience and certification in financial reporting modeling tools, and be a functional and technical expert in the subject. Must be dedicated to working directly with the business user to optimize intended performance and promote better understanding of the solution. This results in greater quality and depth in financial reporting. The graphic presentation : as in all good quality work, we must also look for spectacularity in the first impression to make the content more attractive to the recipient. If he is not so expert, a good presentation will also facilitate understanding. The time of presentations may be limited to users who may find their attention diverted by other occupations. It is advisable to present the information in a clear, precise and exact manner with the support of graphs, tables and interrelated maps. It may also be useful to attach necessary and explanatory documents and be able to execute standard reports from the financial areas. With the indicated solution, the presentation of reporting makes it possible to create a collaborative organizational environment that breaks barriers of space and time.