Difficulty Understanding Company’s Financial Position and Trends

Posted by / 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 have to manually re-enter data from your GL.
  • You need to manually re-key data from your sub sites into your corporate reporting model.
  • Users at remote sites re-enter data from local systems.
  • It takes long.
  • There are errors.
  • The impact on inconsistent data has been unknown.
  • It is difficult for you to maintain an updated reporting model.
  • Unknown how you make changes to the model.
  • Change a formula.
  • You have to manually make these changes everywhere in the model.
  • It takes time.
  • There are errors.
  • You miss some places.
  • It gets changed differently in different places.
  • Impact has been unknown.
  • Unknown how you communicate changes in the reporting model to all reporting sites.
  • Unknown how t upload them to the main site when you receive data from lower level reporting sites.
  • Unknown how 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 a build up 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.
  • Not in a timely manner.
  • The consequence has been unknown.
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