Finance department of any organisation faces significant challenges from statutory requirements as well as in-house users for providing precise information on company’s performance and financial transactions to the stakeholders. Also, the in-house users demand help from finance department in identifying areas for improvement with regards to customer, product and process profitability that will impacts company’s financial scenarios over the long term. Finance and accounting departments may utilize business intelligence for transparent analysis and delivery of corporate financial milieu.

The Business Intelligence Advantage

• Fulfill your day-to-day up-to-date information needs.
• Ensure complete control over factors that affect the financial performance and get timely insight into where the business is advancing.
• Utilize information to fine tune financial processes and strategies across the organisation.
• Speed up financial consolidation and corporate reporting with a single-view projection of financial information to include general ledger, accounts payable and accounts receivable with drill-down and drill-thorough functionalities for rapid analysis.
• Enable everyone in the organisation see up-to-date information on vital metrics such as financial ratios, drilled-down profit analysis, sales outstanding of the day, cash flow, income analysis and so on when they require and in the way they want.
• Simplify and accelerate financial consolidation process to adjust to regulatory norms in real time with transparency for sustained compliances.
• Understand customer credit and payment trends, service costs and evaluate risk of fraud at any given time point
• Analyse liquidity and profitability for accurate picture of current financial stand and compare with past performance
• Monitor financial performance with income statements and balance sheets
• Monitor a vendor's payment history and share with procurement and inventory and take decisions regarding vendor relationships.