How trustworthy are the data you use for financial reporting and analysis?
You lack an up-to-date view of current assets and liabilities to manage working capital
With the shift to daily or weekly reporting of key financial metrics, are you are stuck with one-size-fits-all reports from your ERP? Does every small change to a report require specialized IT skills? Does your team resort to time-consuming, error-prone manual data dumps into Excel? If so, it can be hard to get a timely, accurate view of working capital to assess your liquidity and short-term financial health.
You lack timely, accurate planning data to control costs and seize new revenue opportunities
Do lengthy, uncontrollable planning cycles restrict your ability to respond quickly to change or model multiple potential future scenarios? If so, it can be hard to access timely, accurate data, granular enough to plan your best course of action for tightening costs or exploiting potential new opportunities.
You struggle to monitor your effective tax rate and transfer prices to reduce risk and ensure compliance
With volatile international markets and disrupted supply chains, are you reliant on manual processes to collect and collate data to reforecast your tax position or provide visibility into transfer prices? If so, it can be hard to keep up with changes in legislation across multiple jurisdictions. This increases risk, making it harder to ensure compliance with local tax authorities.
Improve Executive Visibility into Financial Processes to Fuel Growth
Make sense of rapidly changing conditions with tighter reporting intervals
Eliminate cumbersome manual reporting processes and enable your finance team to create and share professional reports and dashboards. These will arm people across your organization with timely, accurate information. Enjoy a shared consistent view of working capital metrics like Days Sales Outstanding (DSO), Days Payable Outstanding (DPO), and Cash Conversion Cycle (CCC). Track other key metrics including EBITDA, revenue growth, and operating expenses. With this single source of truth, your management team will spend less time arguing about the numbers, and more time focused on improving business results. Now, more than ever, it is critical that business leaders understand what is happening in real time.
See an example report:
Shrink planning cycles to adapt quickly to volatile market conditions
Enable your finance team to stay in control by capturing planning data from front-line workers across your organization, while integrating operational and financial plans to drive more accurate plans. Tackle financial planning, workforce planning, supply chain planning, contingency planning, and more. Shrink planning cycles and model an unlimited number of scenarios to respond quickly and decisively to whatever changes the global markets have in store for your organization. Create models to help with cost analysis, what-if analysis, supply chain optimizations, risk management, and more. Now, more than ever, it is critical that business leaders have access to accurate, timely planning data, so they can control costs and take advantage of new opportunities.
Uncover critical insights from tax and transfer pricing data sooner to reduce risk and aid compliance
Automate collection, collation, and calculation of data required by your tax and transfer pricing teams. Reduce time-consuming manual processes for your tax team, while improving the quality of their data and reducing errors. Compare actual year-to-date results and forecast data across reporting cycles by creating a group-wide framework to better understand potential tax exposure and to aid compliance and governance. More frequent monitoring of transfer prices and reforecasting of profitability across different entities help your team stay ahead of the game. It also allows you to keep all stakeholders informed to avoid nasty year-end surprises and reduce the risk of audit scrutiny. Now, more than ever, it is critical that business leaders have access to accurate, timely tax and transfer pricing data to reduce risk and aid compliance against a backdrop of changing legislation.
CFO's Roadmap for Introducing New Technology to Streamline Financial Processes
Watch this on-demand webinar to explore a new financial reporting process. Hear advice from the Director of Business Intelligence at Alliance Data, and learn:
- How to identify issues with your current processes
- Determine the impact of these issues
- Create a business case to invest in new technology
- Develop a plan of change to ensure successful implementation
Work with the #1 Vendor Supporting the Office of the CFO with Financial Reporting, Integrated Planning, Tax, and Transfer Pricing Solutions
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