Have you resolved to improve your financial and operational reporting in 2018? Then you probably don’t want to know that according to U.S News and World Report, up to 80 percent of New Year’s resolutions are broken by the second week of February.
Don’t be part of that statistic: We want to improve those numbers by helping you improve yours! If your resolution is for faster, more accurate, and less labor-intensive reporting resulting in better insight into your business, then you’re already closer to achieving that resolution.
What’s Your Story?
Why do we work so hard to get those accurate numbers for our organizations? It’s so we can have a clear picture of where we’ve been in order to plot out where we’re going. You have to be able to tell your business’ story.
That story is more important than you know: According to IDC, by the year 2020, organizations that are able to analyze and capitalize on all relevant data to deliver actionable information have the potential to achieve an extra $430 billion (on a worldwide basis) in productivity benefits over their less analytical peers.
A Tale of Data: Automated Narratives and Reduced Biases
The volume of data and detail of the information our businesses are capable of capturing continues to increase exponentially. How do you wade through all those numbers? How do you make sure that your data is properly connected and cross-referenced?
Consider automating your business narratives by employing technology services that can connect all your information from every source and automatically cross, connect, aggregate, and display the precise results you need. You need to be confident that the numbers you are referencing for the decision-making process are accurate and consistent across the board. Having all your disparate data organized into one streamlined report enables you to reduce bias in decisions. Although getting everything you need into one report can be quite the process.
The Data Freshness Date
Another pain point—especially for small businesses—is access to real-time data. By the time a month-end report is complete, the data is already 30 days old. You can’t make fresh decisions on stale figures, and putting the numbers in a report is only the beginning.
Real-time data gives you the opportunity to cut that timeline from 30 days to just one or two. That gives you a lot of days back to measure, interpret, and then act. When you have time to analyze, you can see if your business is hitting industry and financial benchmarks and make more nimble business decisions on what comes next.
Make Those New Year’s Reporting Resolutions!
Ready to make those reporting resolutions but not sure where to start? We can help! Innovative reporting automation platforms Spreadsheet Server (for use with Oracle, SAP, Viewpoint, Infor, JD Edwards and more) and Atlas for Dynamics AX/365 empower users to create and deliver reports that pool all disparate data into one familiar environment: Microsoft® Excel.
The big difference with Spreadsheet Server and Atlas, however, is that these tools enable you start in Excel and stay in Excel. No need to export data from your ERP and other data sources and spend hours or even days manually manipulating or rekeying it into the desired format. Your data streams live right into the reports you create in Excel. This dynamic link means that you know the data you’re looking at is always the most up-to-date information, refreshable with a single mouse click. Both Spreadsheet Server and Atlas also mirror the permissions set within your ERP, ensuring that users only see the data they’re supposed to see.
With Spreadsheet Server and Atlas, your reporting is safe, secure, fast, and most importantly: accurate.
So if you’re still resolving to improve your financial and operational reporting, let us help you be part of that percentage that keeps their resolutions all year long. Let’s get started now!