In addition to the day-to-day task of managing accounting and financial reporting functions, senior finance executives must also comply with regulatory requirements and internal compliance policies. Today’s CFOs are looking for a reporting system that allows them to focus less on the nuts and bolts of accounting and more on the “big picture” of the data. One way to achieve this goal is to finding an automated reporting system that meets your firm’s needs.
Automated financial reporting systems help to streamline financial processes, connect different functions, and enable employees to share information. When forced to make decisions under difficult time constraints, CFOs appreciate the ability to view real-time information and data forecasts.
One of the biggest benefits of automating financial reporting: combatting silos. Automated reporting helps to connect different departments within your business—effectively boosting creativity, innovation, and profitability within an enterprise.
Of course these benefits are incredibly appealing, but the decision remains complex. What questions should you ask before choosing a system? What are “nice-to-haves” and what are the capabilities that will make your organization even more successful?
Topics covered in this How to Select a Reporting System eBook:
- The benefits of automated financial reporting systems;
- How these systems help you and your organization with the financial close;
- The questions you must ask when choosing a reporting system.