Month: July 2017
Too Long to Close the Books
Excessive time is spent in reconciling inter-company due to/from accounts because inter-company transactions have to be entered manually in each company. Inter-company transactions re-keyed into multiple company databases. There are errors. Transactions not get recorded in all companies….
Read More »Difficulty Sharing Financial Data (Internally and Externally)
You are not able to combine and analyze data from different dimensions. This restricts your analysis capabilities. Unknown impact. You spend a lot of time manually consolidating information, or performing analysis or processing reports. It takes much time….
Read More »Difficulty Understanding Company’s Financial Position and Trends
After your data has been entered in your GL, you need to manually map your GL structure to the one used in the Corporate reporting model. It takes much time. There are errors. Once mapping is complete, you…
Read More »Difficulty Maintaining Accurate Data and Reporting Models
Reasons After data has been entered in GL, need to manually map your GL structure to the one used in the corporate reporting model? How much time does it take? Are there errors? Once mapping is complete, do…
Read More »Difficulty Understanding the Company’s Financial Position and Trends
You are unable to drill down to the GL financial details. You did not get the GL transaction detail today. It takes long. It could be one or multiple reports. There is need for formatting. There is an…
Read More »Increased Operational Costs
You have high carrying costs. Inventory is inaccurate. You order items already in stock. Uncertain how to determine what to purchase. You perform a physical cycle account often. Unknown delta between actual inventory. You have too many of…
Read More »Inability to Practice and Demonstrate Responsible Financial Management
It is too difficult to ensure prudent and effective budget utilization. You cannot ensure operation within budget today. It has not been successful. It happens frequently that you run over budget or exceed appropriations. There are consequences of…
Read More »Inability to Use Financial Management to Maintain the Focus on Service to Constituencies Today and in the Future
Managing future commitments it is too difficult. You forecast anticipated expenses today. Your forecasts tend to be accurate. You report mechanisms to highlight future commitments. You have a special commitment budget. You have to commit to spending above…
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