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Showing posts with the label regulatory reporting India

ERP vs BI vs EPM- WHAT IS WHAT, AND HOW TO CHOOSE THE RIGHT FINANCIAL REPORTING SOFTWARE?

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 transaction management systems that are designed to solve the various transa

XBRL for dummies - the simple answer to what is xbrl