Introduction/Summary
Management reporting is a key term for a type of business intelligence that involves reports meant to help managers to oversee operations and performance. Bu using a cloud-based solution these reports can include dimensional detail.
Typical Problems
Lack of dimensional detail, so you may have the ability to report on departments, but you want to see the breakdown by cost centre, cost code and location, but current systems will not allow this.
The Chart of Accounts you have inherited is limited and does not allow you to report on what you need meaning a lot of manual manipulation of reports to get the information required.
The information you have comes from multiple reports, causing additional time every period you need to report on and upkeep of multiple reports.
The information is not live and by the time you view the reports, it may not be accurate as it is quickly outdated.
Solutions
Dimensions allow you to run more detailed and in-depth reports, to drill into the areas you require with ease.
The Chart of Accounts can be amended within the Cloud system with minimum effort.
Reporting becomes dynamic with configurable dashboards, which allow users to pull real-time data from multiple sources into a single view.
Benefits/ROI
Real-time detailed reporting at the touch of a button with dimensional level information for granular level flexible reporting.
Pulling all the information into a dashboard, to view multiple reports in one place will make the process more efficient.
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