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

Every decent sized organization deals with management reporting as CXOs and the board expect to receive regular updates on the organization’s performance. Depending on the size of the organization, you could have one or more financial analysts toiling away in putting together the required corporate reports. In most cases this is a time-consuming exercise, leaving little time for analysing the data and taking prompt action. This doesn’t have to be the case though. Here are 3 ways for you to energize your corporate reporting process: 1.Efficient information architecture design There is sometimes a less than optimum understanding of what constitutes good information architecture for an organization. Most organizations feel that a good ERP will take care of managing operations as well as reporting. This is obviously untrue. Most CFOs think this due to the fact that they are not able to derive the most from the power of their ERP. An ERP, in itself, is only a piece of the sys...

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 . 

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 . 

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 . 

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 . 

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 . 

                                                                                    Visit:  https://finalyzer.beyondsquare.com/ Excel is a fantastic tool for the finance professional. It allows for a reasonable amount of reporting, budgeting, analysis & forecasting. It is inexpensive, and is widely understood within the finance industry. This means that most employees are already trained and comfortable using it. These things make it a practical choice, at least until the business grows to a size where the problems of using excel start becoming evident. Financial consolidation can be complicated or simple, but for CFOs the overriding goal is always the same: faster and more efficient closes. Once you begin adding complexity to the business with operation...

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 . 

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 . 

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EVERYTHING is measurable in today's increasingly digital world. Clearly, businesses with a strong analytics program in place have significant advantage over those that don't. The right tracking initiatives help them effectively identify what is working and what is not, and to know whether they are making the right decisions . An effective KPI should be able to reflect, and relate directly to the business' goals. It should be quantitative and quantifiable, and linked directly to the measurement of your business' success. So, are you being S.M.A.R.T. about it? When you create KPIs, you should be able to answer these five questions known as the S.M.A.R.T. tips to help you identify the effective ones. ·    1.          Specific : Is this KPI too broad, or is it clearly defined and identified?       2.       Measurable : Can I easily quantify this measure?     3 .      Attainable ...

5 performance metrics every NBFC should track                                              Visit :  https://finalyzer.beyondsquare.com    Non-banking finance companies (NBFCs) form an integral part of the Indian financial system. They play an important role by complementing the banking sector in reaching out credit to the unbanked segments of society, especially to the micro, small and medium enterprises (MSMEs), which form the base of entrepreneurship and innovation. The role of NBFCs becomes even more important now, especially when the government has a strong focus on promoting entrepreneurship so that India can emerge as a country of job creators instead of being one of job seekers. The NBFC sector in India has undergone a significant transformation over the past few years. The success of NBFCs can be clearly attributed to their bett...

How Financial Performance Monitoring is evolving. Visit :  https://finalyzer.beyondsquare.com   ||   https://xbrl.beyondsquare.com The world is changing. Business is changing. As businesses have changed, so has the role of the CFO. In today’s business environment, the role of finance has greatly evolved, and it now permeates all areas of business and its influence only appears to be growing. Today, there are new risks, responsibilities and challenges that finance professionals face. They are responsible for analysing and reporting the past, managing the present and planning for the future. Many are leveraging new technology to help them thrive in this evolved role. There are a number of ways financial performance of your business can be monitored using available data. Let’s broadly divide them into three parts: Preparation of monthly financial statements –  The basic reports that every company needs to produce are the balance sheet, profit/loss ...

Visit : https://finalyzer.beyondsquare.com   ||  https://xbrl.beyondsquare.com Statutory reporting consumes a significant amount of time, effort and cost. The statutory reporting function is constantly evolving as organizations look to further streamline their finance function through technology transformation and other cost-cutting initiatives. Manually prepared reports present challenges around data inaccuracy, inconsistency, lack of audit trail. They are time consuming and subject to significant operational risk. If consolidation is involved, there are a whole new set of challenges to deal with – standardisation of account grouping, forex translation, elimination, minority interests etc. Incorrect reporting due to manual errors and omissions can be quite costly. Hundreds of companies are routinely investigated and penalised each year for violating disclosure norms. Organizations are looking at technology solutions to ease out and streamline the regulatory 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...