- 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.
Budget Finance Spreadsheets to Software
Posted by AJ Amjad Khanmohamed
July 25, 2017
in Difficulty Sharing Financial Data (Internally and Externally)