Financial and Management Reporting
How can I get fast, accurate and meaningful reports?
Whether your business operates at the speed of sound or the pace of rock formation, you need accurate, reliable data at your fingertips in real time to exploit emerging opportunities and head off fledgling problems at the pass.
Your best decisions will be the ones that are best informed. If your planning and budgeting data comes from spreadsheets, you probably need better data faster.
We know what it’s like. A simple request from management for a “quick report” means it’s time to marry up actuals to budget data, sum up multi-level variances, and troubleshoot bad formulas or broken links.
Spreadsheets just don’t have the flexibility to produce financial and management reports accurately and quickly, or to generate financial views from various business perspectives, such as performance by product line, channel, region, manager or plant. This makes it hard to present with any confidence what in the company is working and what’s not.
On the other hand, Budget Maestro / Planning Maestro software was created specifically to help small and mid-sized businesses create budgets, plans and reports, you can get the right information to the right people at the right time. Reports based on up-to-date information can be run in a few minutes, with the ability to drill down into each line item to get more detail.
Reporting capabilities like this can be at your desktop:
- Financial Reports for investors and other stakeholders, including Income Statement (P&L), Balance Sheet, and Statement of Cash Flow
- Management Reports to answer questions like: “How did we do in April compared to the rest of the company and to our performance last year?”
- Visibility to answer questions like: “How many widgets do we have in inventory?”
- Decision Support to provide the information managers need to choose a course of action, e.g. “Who are our most profitable customers?”
- Contingency Planning to provide answers to “what-ifs” like: “What’s the impact on my cash flow if revenues fall and wholesale prices increase? Do I need to raise capital or extend my line of credit?”