- 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.
Budget Finance Spreadsheets to Software
Posted by AJ Amjad Khanmohamed
July 22, 2017
in Difficulty Understanding Company’s Financial Position and Trends