Difficulty Sharing Financial Data (Internally and Externally)

Posted by / 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.
  • 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.
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