BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

finalyzer.beyondsquare.com We are in a golden age for technology. The new disruptive products and services that are emerging each day create profound changes in every corner of the business world. And technologies like cloud computing, artificial intelligence (AI), analytics, cognitive technologies and robotic process automation (RPA) are fast becoming part of organisations’ digital transformation plans. Such technologies help any organisation improve its efficiencies in the finance department. It is possible to move from manual paper driven processes to automated digital ones, and change processes that would often be difficult to achieve without technology. When organizations build their finance function upon core systems such as cognitive intelligence for business insights, robotics to eliminate manual touch points and platforms and tools for automation, they will be able to better manage resources, predict business needs, and contribute to the organization’s overall goals. ...

BeyondSquare Finalyzer - A fast, secure and reliable web-based tool that effortlessly converts  # financial  data to actionable insights with decision  # analytics ,  # KPIs ,  # insights , predictive  # forecasting  and benchmarks .

A CFO is no longer just the person providing financial analysis and mitigating legal and financial risks. Today’s CFO is the CEO’s right hand executive and a strategic trusted advisor. The role of a successful CFO is to enable the CEOs, owners and management to fulfil their corporate vision as the company's finance function is a key factor for creating success. The primary objective of the CFO is to enable CEOs to deliver to their companies' continuous improved financial returns, increased cash flow, improved financial position and increased overall business value. A contemporary CFO must think differently and provide alternative perspectives. The CFO should be in tune with the culture of the organization and understand the importance of momentum for the organization to reach its full potential. Apart from regular finance related responsibilities, an entrepreneurial CFO focuses on: Ø    Catalyst to technology adoption -  The right financial processes, tool...

The MCA has announced further relaxation of additional fees and extension of last date  upto 31 May 2018   for filing of AOC-4 XBRL E-Forms by Companies adhering to Ind AS Rules under the Companies Act, 2013. AOC-4 XBRL Due Date Extended upto 31st May,2018 In continuation of this Ministry’s General Circular No. 13/2017 dated 26.10.2017, General Circular No. 01/2018 dated 28.03.2018 and upon consideration of requests received from various stakeholders for extending the last date of filing of ADC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013, it has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies required to prepare or voluntarily prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for the financial year 2016-17, without additional fee till  31st May, 2018. To Know More , Visit the website : xbrl.beyondsquare.com  ...

…and why you should automate your management financial reporting. Excel is one of the world’s greatest desktop tools and many people love it because it is familiar and easy to operate. If you want to analyze a lot of numbers or do some complex modelling on a static dataset, it's hard to beat.I personally am a power user of excel and love the flexibility and ability to model various scenarios easily, and then analyse it. However, running a company involves collaborative, multi-department processes like planning, budgeting, forecasting, and reporting. It involves collating data from multiple source systems and people, curating & transforming it before it is ready for consumption. And that’s where the power of Excel falls short. Weeks are wasted every year, manually consolidating a mass of individual spreadsheets. Errors in cross-linkages, formulae getting converted to hard-coded numbers, manual errors, manual data entry, individuals having to laboriously search their computer...

3 steps to improve financial performance management  Large organisations benefit from higher investments and adherence to systems, processes and controls. Small businesses have shorter command chains and thereby higher transparency and control. Mid-sized businesses lie somewhere in between. The complexity of their business is rapidly increasing, and systems that may have been appropriate for a smaller organisation are no longer adequate. While most mid-sized organisations acknowledge this problem, they don’t necessarily know how to get themselves out of it. Setting up the required systems, controls and processes for monitoring the financial and business health of a mid-sized business is not just important, it is mandatory. Step 1: Identify your measures for business success While the broad aspects of financial performance management remain the same across organisations, it is important to understand what sets your business apart, and define the measures accordingly. A s...

The main purpose of Financial Planning & Analysis (FP&A) teams is to drive execution of the organizational strategy. They start from where the accounting team stops. These teams focus on what may happen in the future, by using data from the past, make assumptions and explain variances to the forecast so that management can maximize value creation and take better decisions. The FP&A teams support the finance controllers by turning information into knowledge, and knowledge into actionable insights. They are less focused on day to day transaction processing and more focused on forward-looking analysis for the business. With the speed and complexity of businesses constantly increasing, the prominence of FP&A teams has vastly increased. Apart from doing the budget, FP&A answers strategic questions, forecasts for the future, ensures a timely accounting close, prepares board reporting packages, preps the executive team, divests a division, analyzes product line prof...