- 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.
- It takes too long to close the reporting cycle.
- It takes long.
- You are reporting or querying on dated information.
- It is because there is no way for accounting to monitor the reporting process.
- Or communicate with the sub sites about reporting deadlines.
- After your data has been entered in your GL, you need t manually map your GL structure to the one used in the Corporate reporting model.
- It takes much time.
- There are errors.
- Once the mapping is complete, you have to manually re-enter data from your GL.
- You have to manually re-enter data from your remote sites into your corporate reporting model.
- Users from remote sites re-enter data from local systems.
- It takes long.
- There are errors.
- The impact of inconsistent data has been unknown.
- It is difficult for you to maintain an updated reporting model.
- Unknown how you make changes to the model.
- Add a new reporting unit.
- Change a formula.
- You have to manually make those changes everywhere in the model.
- It takes much time.
- There are errors.
- Unknown how you communicate changes in the reporting model to all reporting sites.
- When you receive data from lower level reporting sites, how do you upload them to the main site.
- How do you distribute reports to different reporting sites.
- It is a manual process.
- It takes long.
- Everyone doesn’t get the reports needed on time.
- Unknown impact.
- Local sites need to maintain an additional reporting model for their local reporting.
- You require maintenance of chart of accounts and reports different to the ones for corporate reporting.
- You often need to change your reporting model such as reporting structures.
- You need to consolidate and/or eliminate according to different structures.
- It takes much time.
- They are made incorrectly.
- They are not made in a timely manner.
- Consequence has been unknown.
- Financial statements have been late.
- Inaccurate
- You have difficulty reporting in multiple currencies.
- You need to present group reports in multiple currencies.
- It is difficult to maintain all the comprehensive formulas.
- It takes much time.
- You need to create different reports for each currency.
- You are not able to combine data from disparate locations into one database.
- You need to transfer data before you can manually consolidate the data.
- It takes much time.
- It restricts the type of consolidation you do.
- All your intra-group transactions need to be manually excluded when you present group results.
- It is complex.
- Time consuming.
- It takes time.
- It slows down the closing process.
- All your consolidation methods have to be calculated manually.
- It is time consuming to change between different methods.
- Processing reports slows down the entire system.
- Personal workstations are impacted.
- It wastes lots of time.
- Impact productivity.
- You spend a lot of time distributing reports once the process is complete.
- It is difficult getting graphical representation of your consolidated data.
- You need to manually re-enter the data.
- Manually create graphical views.
- It takes time.
- It does not look professional.
- Your users require reports with graphs often, etc.
Difficulty Sharing Financial Data (Internally and Externally)
Posted by AJ Amjad Khanmohamed July 25, 2017 in Difficulty Sharing Financial Data (Internally and Externally) 
