ERP and Finance: Exploring the Reporting and Analysis Gap
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Enterprise resource planning (ERP) systems like SAP, Oracle, and Microsoft Dynamics are great, but they often fall short in the area of financial reporting and analysis.
- Off-the-shelf ERP reporting tools generally provide a collection of plain-vanilla reports that don’t truly meet the needs of most businesses.
- Modifying existing reports is challenging, and it typically requires specialized IT skills and deep knowledge of the ERP database. That makes the finance team too dependent on the IT department.
- ERP systems don’t offer a platform for ad hoc analysis. Most finance teams do this using spreadsheets, but if they lack a real-time connection to the source data in the ERP system, spreadsheet-based systems are cumbersome.
- Off-the-shelf ERP reporting tools aren’t designed to work with other data sources outside the ERP system. That creates an information silo, making it hard to get a unified view of the business.
In this ebook, you’ll learn how to solve these and other problems to close the financial reporting and analysis gap for good.
Download the ebook today.