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

With the rapid digitisation of our world, the role of CFO has drastically evolved over the last few years. Most CFOs today have significant impact on boardroom decisions, which in turn demands that finance teams make faster, smarter and fact based decisions. Most organizations report that they have dedicated teams that spend all their time preparing management and statutory financial reports. In more than 85% of the organisations, financial reporting activity is largely manual and spread-sheet driven. It is no surprise then, that financial report preparation is the top frustration for today’s CFO. It is clear to the CFO that they need to automate the reporting process. What is not clear to them though, is how?         Should they upgrade their ERP ?          Should they invest in a BI tool?          Should they invest in EPM ? ERP or Enterprise Resource Planning tools are transac...

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 . 

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...