22
Jul
2017
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.
Tagged With: Budget Finance
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Ok Privacy policy