One of the biggest challenges facing Finance professionals is to establish a real-time accurate view of how their business is performing financially. Most businesses rely on their month end information to grasp how the business is performing and often it can take many weeks into the following month to close and validate this information, hence the business is viewing information that could be upto 6 weeks old and unable to make decisions when they really needed to. A business intelligence solution can provide a real-time view of how the organization is performing against predefined targets and forecast with immediate alerts to users when performance hits problems.

It's usually the unfortunate laborious tasks for finance to collate data that is spread across many different systems and in different data formats and make sense against next quarter's forecasts, product profitability analysis, and factory utilisation, not to mention the mainstream financial tasks of counting revenue, collecting on accounts receivables, and paying your vendors. A business intelligence solution will integrate all these disparate data sources so that when you view your report, the works done for you and you have that up-to-date information to maximize your own personal productivity, share results, collaborate with finance colleagues, and align with the corporate goals, objectives, and metrics that finance is often in charge of keeping.

Business intelligence aids finance to be:-

• Able to compare management accounts with the corporate targets on a daily basis, not just for top-line revenue but providing "drill-down" analysis into transactions, margin and against multiple forecast comparisons.
• Able to set and track departmental goals and take corrective action immediately to ensure that your business performs to target.
• Able to measure performance against Finance KPI's, aged debtor profiles, cash flow projection and accrual realization.

Why not give us a call on 0141 589 2494 or email at enquiries@decisionsolutions.co.uk to discuss how you can start empowering your business.