Envisage Cloud Blog

5 ways to ensure efficient financial reporting

Posted by Sinead Hayes on May 11, 2016, 11:20:00 AM

We'll help you beat those month end deadlines, every time!

month end deadlines
No matter how organised you may be, producing financial reports at month end always seems to have a sense of urgency and a little panic. Will I get them done on time? Will I be able to take my holidays on the 5th of June? How confident am I of the accuracy of the figures? 

If you are looking for unified, accurate and timely month end reports, then the secret is in getting the right ingredients together before you start to bake the cake, so to speak. The cake will never come out the way you want it if the ingredients are not measured accurately or are out of date. If you get the mix right and get everything and everybody "flowing" together nicely, then the end result will speak for itself. Once the eggs, flour and sugar are mixed in, then you can't go too far wrong. If on the other hand you made the cake and forgot to add in the eggs, then it becomes a little more tricky to start adding eggs when the cake is already made. Tricky is just one word I would use. From cakes back to financial reporting. The point is many organisations look for the end result without really taking a good look inside the mixing bowl!

 

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 5 Ways to more efficient financial reporting

 

Topics: reporting