What is Financial Reporting?

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets.  For most organizations there are four key financial statements that present a complete picture of the financial […]

The Power of Business Intelligence for the Office of Finance

We’ve all been there. You’re reviewing the results with your sales team, and you find that one of the team members is 20% below their sales goal for the quarter – and you want to know why. While you may know what went wrong – “Several orders pushed”, “I lost an important deal”, or “My […]

Financial Reporting: Empowering Business & Finance Leaders

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. Up until recently, robust reporting required the heavy involvement of IT and the Finance team, and at […]

Traditional KPIs for CFOs – Why It’s Time to Get the Whole Story

Data matters–especially when it comes to measuring the relative performance of a business. After all, most organizations need to know key business drivers like cash flow, sales and revenue. These numbers – traditional KPIs for CFOs –  make a business tick and are how you judge the relative success of your business, right? Well, not […]

The Power of Financial Dashboard Reporting

Often, companies seek out help because they are either in the process of implementing their first financial dashboard and would like advice on the process, or because their dashboard is not working to the level they need it to. In some cases this comes down to having never used a financial dashboard or because many […]

Financial Analytics vs. Financial Reporting – Get the Real Story

Financial analytics and financial reporting – two seemingly similar processes with very different purposes and outcomes. Financial reporting vs analytics does not imply a sporting event, nor does it suggest legal action. In our world of finance, it simply denotes two specific processes conducted in the finance department of most organizations. On the surface, one […]

Rein In Your Data: 4 Steps Towards Actionable Financial Insights

Decision making is always tricky – and even more so today, especially for Finance teams. The decisions they make are based on the data that will get them the financial insights they need to make the decisions that will move the business forward.  But is there such a thing as too much of a good […]

Four Steps Towards Actionable Financial Insights

Decision making is always tricky. In modern business, when we talk about decisions, we talk about data. We need information to make good decisions and decisions should be data-driven,  so big data is important for understanding industry trends and providing financial insights. But is there such a thing as too much of a good thing? […]

Analytics and the Financial Statements

Rely on your analytics software to gain insight into your company’s financial health through financial statements – past, present and future  As I am writing this, today is the end of another fiscal quarter for many companies, and for one of our manufacturing clients it is year-end.  In addition to typical year-end activities and making […]