Published on the 16/02/2021 | Written by insightsoftware
Make sure financial reporting doesn’t get left behind in your ERP implementation…
During periods of rapid change, it is especially important for leaders to have real-time access to information based on a reliable single source of truth. Unfortunately, keeping up with evolving requirements for operational and financial reporting usually creates an ongoing cost burden. Most off-the-shelf ERP reporting tools fall short of the mark because they lack the flexibility to adapt quickly. They typically require specialised technical expertise and are not able to combine data from multiple software systems. Over the long term, the costs of reporting can really add up. When reporting becomes a money pit, it’s time to look for a new solution. With the right technology tools, business leaders can increase the speed and agility of the business, gain insights based on real-time data, and reduce total cost of ownership. By planning ahead, businesses can be more adaptable as the organisation’s needs change, as technology evolves, and as new needs emerge. Learn how to prepare for the future and help your business gain accurate real-time insights, lower your costs, and increase agility. Contents: Introduction PROBLEM 1: PROBLEM 2: PROBLEM 3: THE SOLUTION: Download the whitepaper: How to futureproof your financial report builds Making the business case… The benefits of incorporating a data warehouse when upgrading your ERP… So you can get a BI solution that can fully handle the complex structure of financial data… It isn’t perfect, but some of the challenges of using the software have more to do with the user’s lack of expertise… The terms BI, BA and big data tend to be unceremoniously bandied about without much consensus on what they are. Gartner’s Ian Bertram, separates the myth from the truth…
The Business Changes
The Software Changes
Information Requirements Change
Information at the Speed of Business
FURTHER READING
From manual to modern planning processes
Whitepaper: Data warehouse automation and ERP
Five key factors to consider when evaluating financial reporting software
Five Excel tips for better budgeting and forecasting
Gartner untangles Analytics: BI, BA & big data
